The RSI & CCI Divergence Metatrader 4 Forex Robot is an MT4 expert advisor that executes buy and sell positions when there is divergence between price and RSI or CCI.
This divergence trading robot is built to trade and manage positions emanating from such divergences automatically or on autopilot.
The RSI & CCI Divergence expert advisor trades only with the price of open candle.
It allows users to specify the quality of the divergence they need to find.
This EA works the best on timeframe’s from H1 up to the daily chart.
Strategy Tester Report
Find below the RSI & CCI Divergence forex robot strategy tester report for the GBP/USD forex pair on the daily chart.
The EA made a total profit of $10692.70 from a total of 269 trades. The largest winning trade generated $805.50 in profits, while the largest losing trade generated a loss of-$302.84.
Bars in test: 2411 ticks modelled
Initial deposit: $10000.00
Total net profit: $10692.70
Total trades: 269
Largest profit trade: $805.50
Largest loss trade: -$302.84
Consecutive wins: 2
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: CCI, RSI, Num. Of Candles For Divergence, Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaimumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the RSI&CCI DIVERGENCE V1.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)