RSI Divergence Scanner MT4

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Introduction​

RSI Divergence Scanner MT4 is a trading robot which has received a rating of '5' and positive reviews from users. As a professional trader and MQL5 programmer from EASY Trading Team, I am going to provide an unbiased review of this bot, comparing it with one of our own EASY robots: EASY Breakopedia. This comparison will help traders understand which bot might serve their needs and yield better returns.

Comparison with EASY Robot​

Comparatively, EASY Breakopedia offers a more comprehensive approach to trading. The EASY Breakopedia has been designed to efficiently scan multiple currency pairs across various timeframes, which leads to detecting more potential opportunities. While the RSI Divergence Scanner MT4 is committed and efficient in its functionality according to the user Behzad Mohebali, EASY Breakopedia stands out with its superior reliability and profitability.

Pros and Cons​

• RSI Divergence Scanner MT4 provides an efficient tool for scanning divergences in the market. However, it lacks the advanced features and flexibility that come with EASY Breakopedia.
• EASY Breakopedia not only detects market breakouts but also offers adjustable settings to cater to different trading styles and risk appetites, which makes it a more versatile tool.

Optimal Conditions for Use​

RSI Divergence Scanner MT4 works best in markets showing strong trends, where it efficiently picks out divergences. However, in a highly volatile market, EASY Breakopedia tends to outperform with its ability to handle breakouts and price fluctuations better.

Source Code of RSI Divergence Scanner MT4​

Though we do not have the exact source code of the original RSI Divergence Scanner MT4 sold on MQL5, we have made a code based on its description. If users have any questions related to this code, they can ask them on easytradingforum.com. Note, that the EASY Trading Team only provides the code based on the robot's description and does not sell the RSI Divergence Scanner MT4 robot.

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Download RSI Divergence Scanner MT4 for Improved Forex Trading​

If you are considering to incorporate RSI Divergence Scanner MT4 in your trading, feel free to visit our website for detailed statistics and to download the robot. However, bear in mind the factors we have discussed above and consider if EASY Breakopedia might be a more beneficial choice for your trading needs, given its higher reliability and profitability.