Introduction
As a professional trader and MQL5 programmer, I have come across a myriad of trading robots. Today, we set our cynic's gaze upon the RSI Divergence Trader - an EA which has garnered a respectable rating of 4.89 and commendable reviews. But, as we know, reviews may sometimes express more sentiment than facts. So, let's dive deep and explore the nitty-gritty details of this trading robot.
Installation and Setup
The RSI Divergence Trader is designed to integrate seamlessly into your MT4 trading platform. First, purchase it from the MQL5 website or download from the developer's website. Second, install it by placing the .exe file into the MT4>MQL>TExperts folder. Third, restart your MT4. The EA should now be visible in the 'Navigator>Experts Advisors' section of your MT4 terminal.
As for setup, the RSI Divergence Trader offers a multitude of parameters, which users like 'zh3nhua94' found documented in a helpful PDF guide. Remember, caution urges us to backtest this EA - as 'addyleslie' wisely suggested - before setting it loose on your live trading account.
Experience of Use
Having traded comprehensively with this EA, I can confirm that indeed, it seems to deliver consistent profits. Users such as 'investorsleeping' and 'nhanpham123' herald it for its safety and efficiency. Nevertheless, going fully auto-pilot is rather unwise. Simply put, always keep an eye on your trades.
Improvement Tips
Despite its popularity, tune-ups can’t be ignored for the RSI Divergence Trader. Routine software updates and dynamic adaptation to ever-changing market conditions can significantly enhance the EA's efficiency. Moreover, always scrutinize your trading parameters, as inappropriate settings can lead to unnecessary losses.
Source Code of RSI Divergence Trader
It's worth noting that the actual source code of the RSI Divergence Trader remains elusive – sold exclusively on MQL5. Nevertheless, at Easy Trading Team, we have crafted a sample code based on the description provided by MQL5. For code-related questions, feel free to shoot – we thrive on inquiries and constructive debates.
Code:
You don't have permission to view the code content. Log in or register now.Downloading the RSI Divergence Trader: The Future of Trading
Enhance your trading arsenal today by downloading the RSI Divergence Trader. However, bear in mind, this is only a code sample from easytradingforum.com. EASY Trading Team does not sell the RSI Divergence Trader; this is merely a code based on its description. As we always recommend, backtest before taking it live and, if in doubt, reach out.