Introduction
Let me introduce you to a buddy named MACD Divergence Scanner, a trading robot that's been showered with a whole lot of praises around the block. Users are throwing it a perfect 5-star rating, but let’s not get our hopes up just yet. We’re here for a good old-fashioned dissection of this tool.Description of Features
The MACD Divergence Scanner is essentially a market analysis tool built, very creatively I might add, on the MACD (Moving Average Convergence Divergence) principles. Divergence, in general, refers to a disagreement between the actual trading price and the indications from the MACD. The scanner is designed to spot such discrepancies and trade on them.Its purpose? To help identify potential profitable trades based on divergence patterns. Functionally speaking, it seems to be doing an excellent job, considering the glowing reviews we have here.
Analysis of Results
Moving on, we take a gander at the trading results from the past year. Based on the users’ backtesting reports, it has been showing consistent profits. However, as a trading professional, I’d take a profitable backtest with a grain of salt. Real markets tend to be a tad more unpredictable.Now, don’t get me wrong. I’m not saying MACD Divergence Scanner is ineffective. But let’s not prematurely crown it the king, shall we? The full story, in all its statistical glory, can be found https://forexroboteasy.com/trading-robot/macd-divergence-scanner/ here.
Pros and Cons
Well, let’s do a quick roll-call, shall we? The MACD Divergence Scanner seems to have a knack for simple user interface and friendly navigation. It also seems to be hitting the high notes in terms of trading hidden divergence.But, dear traders, let's not forget the other side of the coin. The performance in real-time trading still lurks in the shadows and a more comprehensive risk management strategy wouldn't hurt its credentials.
Source Code of MACD Divergence Scanner
While we don’t have the luxury of peeking into the original source code of the robot from MQL5, we do have a code generated from the product description. You can access it and start a conversation on our forum. But remember, it's purely an interpretation of the EASY Trading team.We're simply code wizards, not traders in MQL5 robots. And no, we're not selling this tool. So get your hands on it and let’s talk divergence on the forum.
Code:
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