Divergence EA MT5 – Different – 18 December 2022

The primary goal of this weblog is to explain and clarify the enter parameters of my Divergence Professional Advisor for MT5 (free model / paid model).

Please take a look at my different divergence merchandise for MT5:Divergence indicator, Double divergence scanner, Divergence dashboard

I strongly suggest you to do your personal backtesting and positive tuning within the technique tester earlier than beginning to commerce on a stay account. That is legitimate additionally in case you resolve to make use of the .set (preset) information which you’ll obtain on the finish of this weblog. You will need to use the ‘Each tick based mostly on actual ticks’ modelling possibility in MT5 if you’re utilizing settings the place intracandle actions are concerned, corresponding to trailing cease. If not then it’s sufficient with ‘1 minute OHLC’ modelling. Please do not forget that previous efficiency is just not a assure of future profitability and that the optimized backtest outcomes can’t present a sensible prediction of future profitability. Sign monitoring right here.

Enter parameters

GENERAL SETTINGS * Ship alert as a substitute of opening commerce – When set to ‘true’ an alert might be despatched as a substitute of opening a commerce. ** EA mode – Listing field with the next choices: Commerce usually Ship alert as a substitute of opening commerce – Will alert a couple of commerce oppurtunity as a substitute of opening the commerce. Pause EA – Will completely pause the EA. Current orders won’t be modified in case break even, trailing cease and so forth. has been enabled. ** Multi image mode – Listing field with the next choices: Disabled – The EA will solely commerce the present chart image. Market Watch – All seen symbols within the Market Watch window. Symbols from enter parameter – Symbols given within the ‘Symbols to commerce’ enter parameter under. Presets from folder – Symbols from preset information chosen in a dialog field. These presets should exist immediately underneath the Recordsdata folder, or in a subfolder to Recordsdata. Every preset file should comprise the title of the image based on how it’s written within the Market Watch window. Parameters marked with blue textual content are parameters which might be used from preset information when you may have chosen this selection. The opposite parameters vill be taken from the EA. Presets by choice – Symbols from all current preset information in a predefined folder (given within the ‘Preset information folder…’ enter parameter under). These presets should exist immediately underneath the Recordsdata folder, or in a subfolder to Recordsdata. Every preset file should comprise the title of the image based on how it’s written within the Market Watch window. Parameters marked with blue textual content are parameters which might be used from preset information when you may have chosen this selection. The opposite parameters vill be taken from the EA. ** Symbols to commerce – These symbols might be used when the ‘Symbols from enter parameter’ Multi image mode has been chosen above. The symbols have to be comma separated and visual within the Market Watch window. ** Preset information folder (have to be subfolder underneath Recordsdata) – All preset information on this folder might be loaded when the ‘Presets from folder’ Multi image mode has been chosen above. ADR interval (days) – Common each day vary over the previous xx days. Default is 60. ** Occasion handler on minute candle as a substitute of tick –  ‘true’ or ‘false’. If set to True then the testing might be faster within the technique tester however much less correct in case you might be utilizing settings which concerned intracandle actions. As an illustration trailing cease. TREND FILTER SETTINGS Development filter to make use of – Listing field from the place you possibly can choose RSI, Bollinger or Stochastics. The development filter might be used with reversal logic, therefore the value should have reached for instance RSI 70, or the bollinger higher bands to ensure that a brief (bearish) commerce to be opened. Measure development filter on first extremum  – True or False. Stochastics/RSI overbought stage – The divergence candle should type above this stage with a purpose to be legitimate. Stochastics/RSI oversold stage – The divergence candle should type under this stage with a purpose to be legitimate. Bollinger shift Bollinger deviation Development interval (default 20 for Bollinger) ADX stage ADX interval Worth sort Timeframe – if set to ‘present’ then the chart time-frame might be used. In any other case the chosen time-frame might be used for calculating the the development indicator values. GENERAL DIVERGENCE SETTINGS Essential oscillator Allow divergences – an inventory of 5 oscillators/indicators which you’ll choose from if in case you have set Essential oscillator to Multi mode. Quantity of concurrent divergences to search for (if Multi mode) Timeframe for subsequent divergence(s) – Default is present. This setting might be used if Quantity of concurrent divergences above is ready to > 1. If as an example you commerce on a M30 chart and alter this setting from present to H1 then the subsequent divergence(s) should happen on the H1 time-frame. *** for the subsequent model this may also apply if single mode and the worth is ready to one thing else than present. Instance: the EA is setup to commerce MACD divergences. The chart time-frame is H1 and the worth right here is H4. On this case there have to be a MACD divergence on H1 and H4 on the identical time. Divergence candle shift – Set to 2 or increased for a stronger affirmation of the potential reversal/development continuation (confirmed divergence). By having it set to 1 you’ll catch the potential motion earlier (unconfirmed/pending divergence). Then again, the sign is much less dependable. You may as well set it to 0 for catching “early” divergences. Which means the alert will come immediately upon candle open as a substitute of ready for the slope within the indicator to vary path (candle shift 1 or 2), which signifies that the value should present not less than some signal of reversal. Please bear in mind although that this can result in extra false alerts. Bars to test (divergence depth) – Bars again in time to test for divergence. Min. bars to test (0=disabled)  Ignore wicks on divergence candles –  Divergence might be based mostly on open/shut worth as a substitute of excessive/low worth. REGULAR DIVERGENCE SETTINGS (development reversal) Commerce common – True or False. Use development filter – True or False. Use ADX – The ADX worth have to be under the extent you may have set. Use shifting common filter –  When enabled then the worth have to be above/under the MA worth for the interval you may have set within the enter parameter underneath the ‘MOVING AVERAGE (MA) FILTER SETTINGS’ part. HIDDEN DIVERGENCE SETTINGS (development continuation) Commerce hidden – True or False. Use development filter – True or False. Use ADX – The ADX worth have to be above the extent you may have set. Use shifting common filter – When enabled then the value have to be above/under the MA worth for the interval you may have set within the enter parameter underneath the ‘MOVING AVERAGE (MA) FILTER SETTINGS’ part. TRADING FILTERS Open purchase order – True or False. Open promote order – True or False. Most allowed slippage in factors – Please be aware that not all brokers/account sorts assist slippage management. Most allowed open/shut unfold in factors (0 = not used) – Could be set to keep away from taking trades with excessive unfold immediately after midnight market opening or at information releases. Helpful for these with variable spreads. The default settings of fifty is for currencies.  Bars to attend for subsequent commerce – Default is 1 which signifies that the EA can commerce once more (if no open orders) on the bar following the bar the place the final commerce was closed. Setting it to 0 signifies that a brand new commerce might be opened immediately after the earlier has been closed (if there’s nonetheless a sound sign). Allow us to take the instance that we’ve got this setting set to 1. If we as an example had an order on a H1 chart which was closed at 13:10 then, in case there’s a new divergence sign, a brand new order won’t be opened immediately at 13:10 however at 14:00. If you happen to had it set to 2 then at 15:00 and so forth. The unique thought with this setting was when utilizing the EA for scalping (small and fast income). On this case it’ll fairly often come to the state of affairs that the EA will open and shut (with revenue) the order on the identical bar. We’d then wish to keep away from opening one other order once more on the identical bar. * Allow commerce time filter (your dealer’s server time) – Time filter for opening trades. * Commerce from/to time – Hour and minutes from/to. * Cease time Friday (hh:MM, 00:00=disabled) – Hour and minut when to cease commerce on a Friday. ** Begin hour [0-23] ** Begin minute [0-59] ** Cease hour [0-23] ** Cease minute [0-59] ** Cease time Friday (-1=disabled) Quantity common interval (0=quantity filter disabled)  Quantity over common (%)  MONEY MANAGEMENT (ranges are in factors) Threat in share (>0 = auto lot) – If set to 0 the Guide heaps worth might be used. If set to > 0 then the EA will use cash administration if mixed with a cease loss. The account free margin (within the deposit foreign money) is used for the danger calculation. The danger calculation may not work correctly with metals and indices. Please use a guide lot if you’re expertise issues. Guide heaps – Might be used if Threat above is ready to 0. ** Permit just one order per image and path – Set to True and you’ll by no means danger that as an example {that a} second promote order might be opened for the chart image. Helpful if you’re buying and selling the identical image on a number of charts and with totally different magic numbers.  It’s potential to allow this on a world stage by altering it on one place solely. It should then be legitimate for all charts in a Metatrader occasion the place the EA has been loaded. Hit F3 on the keyboard and alter the worth of the ‘TripleMA-OneOrder’ world variable from 0 to 1. To ensure that this to work the order remark should comprise the phrase ‘Triple’. ** Max. open positions (0=disabled) –  Set to as an example 5 and you’ll by no means danger that the EA may have greater than 5 energetic trades. Helpful if in case you have the EA operating on a number of charts and want to scale back the danger. It’s potential to allow this on a world stage by altering it on one place solely. It should then be legitimate for all charts in a Metatrader occasion the place the EA has been loaded. Hit F3 on the keyboard and alter the worth of the ‘TripleMA-MaxOrders’ world variable from 0 to a hihger worth. To ensure that this to work the order remark should comprise the phrase ‘Triple’. ** Cease buying and selling when Fairness decreased (0=disabled) – won’t open any new orders if the fairness is decreased by this quantity. If you happen to put as an example 1000 and your present stability is 4000 then the EA won’t open new trades in case your fairness goes under 3000. ** Cease buying and selling when Free margin under (0=disabled) –  won’t open any new orders if the free margin goes under this quantity. ** Orders with this Magic quantity (0=all) – With the default worth (67) the EA will solely test open order the place the Magic quantity begins with 67. So if in case you have different EAs operating with open orders then they won’t be considered. ** Shut orders – If set to True then all orders, the place the magic quantity begins with the worth you may have set above, might be closed instantly when the max worth has been reached. POSITION MANAGEMENT (ranges are in factors) Kind of cease loss/exit – Listing field with the next choices: Mounted At divergence candle excessive/low – Cease loss might be set at candle excessive/low + the quantity of factors that you’ve got specified within the ‘ Offset in factors…’ parameter. ATR SL – The present (shut worth of divergence candle) ATR stage multiplied with the worth you may have set under within the ‘Multiplier for cease loss’ parameter underneath the ATR SETTINGS part. Mounted cease loss (<0 = ADR %) – When a damaging (minus) worth might be put right here then the ADR% logic might be used. Take revenue methodology – Listing field with the next choices: Mounted take revenue Trailing cease – begins to path when revenue>=0 ATR trailing cease ATR TP Threat/Reward (based mostly on SL) Mounted take revenue (<0 = ADR %) – When a damaging (minus) worth might be put right here then the ADR% logic might be used. Values which work for many pairs are -15 for H1, -25 for H4 and -40 for D1. Trailing cease  (<0 = ADR %) – Will path the cease loss continuously with the gap you may have set as quickly because the commerce is in revenue. When a damaging (minus) worth might be put right here then the ADR% logic might be used. Traling cease won’t work correctly when utilizing the Shut half possibility. Trailing step – If the trailing step is ready to 0 then the trailing cease might be adjusted every 2nd second. Else the trailing cease might be adjusted each time the value has moved the quantity of factors you may have set right here. Threat/Reward ratio – It’s essential to set the “Take revenue methodology” parameter to Threat/Reward to ensure that this worth to have any impact. You want additionally to set “Kind of cease loss/exit” to Mounted and a hard and fast cease loss worth. A cease loss worth of 200 factors and a R/R ratio of 1.5 would imply that the take revenue stage could be mechanically set to 300 factors when an order is opened. Break-even (0 = disabled) Break-even set off – The value has to achieve this stage (calculated from the opening worth) to ensure that the break-even to be set. Offset (<0=ADR%, >0=factors, 0=disabled) – Further distance for for the cease loss (if it has been set to ‘At divergence candle excessive/low’). CLOSE HALF SETTINGS Shut half place – Combo field with the choices under. Please be sure that your account helps half shut of orders earlier than you utilize this selection. Disabled – Default worth. ATR – The present (shut worth of divergence candle) ATR stage multiplied with the worth you may have set under within the ‘Multiplier for shut half’ parameter underneath the ATR SETTINGS part. When you may have set this selection then a line displaying the extent might be drawn on the chart. At first TP stage – If you choose this selection additionally, you will have to regulate the worth within the ‘First TP stage…’ parameter under. Transfer to break-even after shut half – True or False. First TP stage for Shut half (<0 = ADR %) ATR SETTINGS Interval Worth sort – Choose from Excessive/low, Median or Shut. Multiplier for take revenue and shut half Multiplier for cease loss MACD AND OsMA SETTINGS Quick MA – Default is 12 Gradual MA – Default is 26 Sign MA – Default is 9 STOCHASTIC SETTINGS Ok D Slowing MA methodology: Default is ‘Easy’ (SMA). Worth sort ** Overbought/oversold filter offset (0=disabled) – Set to for instace 10 signifies that the divergence should happen if the stochastics worth is above 90 for promote commerce or under 10 for a purchase commerce to be legitimate. CCI AND RSI SETTINGS MOVING AVERAGE (MA) FILTER SETTINGS Gradual MA  Quick MA (0 = disabled) Gradual/quick MA methodology – Default is Easy (SMA). Gradual/quick MA worth sort – Default is Shut. MA time-frame – It is strongly recommended to set this to 1 time-frame increased than the divergence time-frame. ** HULL MOVING AVERAGE (HMA) FILTER SETTINGS Interval – Transferring common interval. Velocity –  Smoothening ratio. Candle shift –  Default is 1. Could be set to 0 to catch the colour change one candle earlier (unconfirmed sign). OBJECTS Draw divergence strains on most important chart – True or False. When set to True the EA will draw the divergence strains on the principle (worth) chart. Draw TP1 ranges on chart Present divergence indicator window – True or False. When set to True the EA add the presently used divergence oscillator as an indicator window on the chart. Please be aware although that the divergence strains won’t be drawn on this window. Present information panel on chart Numerous coloration settings for the knowledge panel TP1 line coloration TP1 line thickness Clear objects – True or False. When set to True the EA will delete the divergence strains on the chart every time the EA is reinitilized. ALERTS (if alert as a substitute of commerce is enabled) Set to ‘true’ for every alert sort you want to activate. Magic quantity – If utilizing the EA on the identical image on a number of charts (usually with totally different time frames, or identical time-frame however one chart buying and selling Hidden solely and one other buying and selling Common solely) then it’s important that the Magic quantity parameter has a special worth. If not then trades on the identical image will intervene with eachother. Order remark – This parameter is just not used. The remark might be set mechanically. As an illustration “Reg [divergence indicator] M30” or “Reg [first indicator]/[second indicator]/[third indicator] M30” if in case you have set ‘Quantity of concurrent divergences to search for’ increased than 1. The quantity of characters within the order remark is by design restricted to 32. So if in case you have set this to a worth increased than as an example 4 then the textual content within the order remark might be reduce at 32 characters. By some brokers it’d even come be empty.