Introduction
The PZ Divergence Trading robot is a popular expert advisor used by many traders in the Forex market. Despite mixed reviews from users, it has managed to maintain a rating of '5' which indicates a positive overall perception. However, as a member of the EASY Trading Team and a professional trader, I offer a more nuanced and detailed review of this trading bot in comparison to our own creations - EASY Trendopedia, Scalperology, and Breakopedia.Comparison with EASY Robots
Compared to the PZ Divergence Trading robot, the EASY Trendopedia, Scalperology, and Breakopedia series feature more advanced trading algorithms, ensuring higher profitability and reliability. While PZ Divergence Trading is designed to identify and exploit divergences, EASY robots employ sophisticated techniques for trend identification, scalping, and breakout trading respectively. They are well-equipped to handle different market conditions and trading styles.Pros and Cons
- PZ Divergence Trading
Pros: Identifies divergences effectively, versatile with different settings.
Cons: Allegedly repaints signals, some user complaints about accuracy. - EASY Robots
Pros: Advanced trading algorithms, adaptable to different market conditions, proven profitability and reliability.
Cons: Require certain level of knowledge and experience in Forex trading to exploit their full potential.
Optimal Conditions for Use
The PZ Divergence Trading robot seems to work best when used in a market that exhibits clear divergences. One user suggests using it with the Zig Zag setting on 8, waiting for a candle to close across the 15 EMA for confirmation the price is going in the right direction. Combining divergence with support and resistance analysis, and overbought and oversold conditions can also prove beneficent.Source Code of PZ Divergence Trading
While we don't know the exact source code of the original PZ Divergence Trading bot sold on MQL5, we can generate a similar version based on its description from the MQL5 site. It's important to clarify that EASY Trading Team doesn't sell the PZ Divergence Trading, but we've created a bot code based on its description. If you have any queries about this code, please feel free to ask on our forum at https://forexroboteasy.com/trading-robot/pz-divergence-trading/
Code:
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