Is Divergence EA reliable for your trading account? Should you buy this EA for a better trading experience? Read this review to find out if using Divergence EA is worth your money or a product to avoid.
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About Divergence EA
Divergence EA is a forex robot created by Arturo Lopez Perez from Andorra. He owns several EAs like Reltner Channel, Market Profile, Tick Chart, Quadrant etc.
Divergence EA claims to give advantage in the financial market with its expert strategies. Here it offers traders with an oscillator that finds divergences in the market. It also claims 90% winning rate.
The location of Divergence EA is not mentioned. Traders can buy this EA from PZ Trading or MQL5 website. The cost price for this product is $229. It offers a free software update and a leverage of 1:20.
There is a rent option offer which comes in $49 a Month, $99 for 3 Months and $199 for 6 Months. It offers free demo and cash back within 7 days.
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divergenceea.com: Reasons to Avoid This EA
divergenceea.com is a forex robot that does not provide insights on the back test result. So we don’t know if this EA has been exposed to different market situations.
divergenceea.com offers traders a free account to test the EA. While this is a good thing to do for a product like this one, it doesn’t prove much trust whatsoever.
The developer of this EA does not mention the minimum deposit for traders.
We find out that divergenceea.com provides traders with a cash-back for its product. But the time provided for refund it too much to wait for your money.
Divergence EA Trading Strategy
Divergence EA strategy claims to sends signals through breakouts. The developer doesn’t show further insights on how they can actual do it.
Divergence EA does not state if it uses strategies like Martingale, Averaging, Doubling and Grid. Here we don’t have any details on that.
Divergence EA claims to use one chart for various timeframes and pairs. For the time frame, the developer advises for a higher timeframe. Here it sends traders email as trading alert.
This EA claims to use colors to show regular and unseen divergences. It also offers an indicator file and a scanner indicator after purchase.
Divergence EA Trading Results
Divergence EA shows no back test result. As a result of this, we can’t tell how profitable this product is in long term.
Divergence EA used third party verification site myfxbook.com to present a live trading result on an account dated 27 June 2021. The account shows 27 trades with a 19 win and profit of $37.97. Here is a daily profit of 1.06%, 39.68% monthly and a drawdown of 24.78%.
Conclusion: Is divergenceea.com a Legit Forex Robot?
We say Divergence EA is not a legit forex robot. The lack of details on the back test results is a turn off for this product. EA with promises like this one should provide enough information for traders to have some level of trust.
The short trading history from this EA does not tell enough about this product in the long term. Also its use of high risk strategy is not worth a try.
It is in our duty to tell you when an EA is not worth your money. By that, we do not recommend this forex robot for use.
If however, you have anything to say, kindly comment on the opinion section.
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