Introduction
Ah, the Cipher B Divergences robot. A tool that promises to bring the magic of divergence detection to your trading arsenal. With a user rating of 5, it seems to have impressed a few folks. But let's not get carried away. We're here to dissect its performance, features, and see if it truly deserves the accolades.Description of Features
The Cipher B Divergences robot is designed to identify both regular and hidden divergences using a combination of indicators such as RSI, MACD, Stochastic, and CCI. It boasts 31 plots and 97 buffers, making it a computational beast. The robot is free to use, which is a plus, but don't let the price tag fool you. It requires a high-end computer to run efficiently, especially on lower timeframes.Key features include:
- Detection of regular and hidden divergences
- Integration with RSI, MACD, Stochastic, and CCI indicators
- Customizable settings for each indicator
- Visual markers for divergences on the chart
- Alert functionality for detected divergences and generated signals
Analysis of Results
Over the past year, Cipher B Divergences has shown mixed results. User reviews like those from blackarmor and khiettran give it a thumbs up, but let's dig deeper. The robot's performance is heavily dependent on the user's system capabilities. On high-end machines, it runs smoothly and provides valuable insights. However, on mid-range systems, it can be sluggish, affecting real-time trading decisions.Pros and Cons
Pros:- Comprehensive feature set
- Zero cost
- Advanced divergence detection
- Customizable settings
Cons:
- High computational demands
- Sluggish performance on lower timeframes
- Steep learning curve for novice traders
Conclusion
Cipher B Divergences is a powerful tool, but it's not for everyone. If you have the hardware to support it and the patience to learn its intricacies, it can be a valuable addition to your trading toolkit. However, manage your expectations and be prepared for some performance hiccups.Source Code of Cipher B Divergences
We don't have the original source code of the Cipher B Divergences robot sold on MQL5, but we've created a version based on its description. If you have questions about the code, feel free to ask on our forum. Remember, this is an example code from easytradingforum.com, based on the description of the robot sold on MQL5. The EASY Trading Team does not sell the Cipher B Divergences robot; we only created code based on its description.
Code:
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