Introduction
Ah, the good old Divergence HiLo trading robot. Yet another one in the vast ocean of automated trading systems promising the holy grail. But does it actually deliver? With a user rating of 3.5 and mixed reviews, it's worth digging deeper. In this article, we will evaluate the effectiveness of the Divergence HiLo trading robot, examine user feedback, and provide an in-depth analysis of its performance over the last year.
Description of Features
Let's get down to brass tacks. The Divergence HiLo trading robot claims to identify divergences between price and technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). Its primary functions include:
- Detecting bullish and bearish divergences.
- Generating entry and exit signals.
- Customizable settings to fit different trading styles.
- Alerts via email or push notifications.
- Compatibility with multiple time frames.
Sounds promising, doesn't it? But, as we all know, the devil is in the details.
Analysis of Results
So, what's the real-world performance? Over the last year, Divergence HiLo's performance has been a mixed bag. Based on user feedback and back-testing data, the robot does well in ranging markets and revisits many previous levels. However, it falls short during strong intraday trends.
The detailed statistics are available on forexroboteasy.com, where you can analyze monthly returns, drawdowns, and other vital metrics. But let's just say, if you're relying solely on this robot, you might be driving with one eye closed.
Pros and Cons
Pros:
- Effective in ranging markets.
- Customizable settings for different trading styles.
- Alerts for timely decision-making.
Cons:
- Struggles with strong intraday trends.
- Mixed user reviews.
- Requires constant monitoring.
Source Code of Divergence HiLo
Ah, the elusive source code. The original code of the Divergence HiLo robot that's sold on MQL5 is, of course, proprietary. But, lucky for you, we're more resourceful than that. We've created a similar code based on the description available on MQL5.
If you're curious or skeptical (as any good trader should be), feel free to discuss it on the forum and share your results. Just remember, our team at EASY Trading Team doesn't sell the Divergence HiLo robot. We've merely developed a version based on its description for educational purposes.
Code:
You don't have permission to view the code content. Log in or register now.Download the Divergence HiLo Trading Robot
For those who are still intrigued, you can find the detailed statistics and download the robot from this link. If you have questions about the code, ask away. This is an example code from easytradingforum.com, based on the description of the Divergence HiLo robot sold on MQL5. Our team does not sell this robot but has created a version based on its description.
Feel free to share your experiences and feedback on the forum. Let's keep the conversation going and help each other navigate the treacherous waters of automated trading.