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Divergence Review

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Divergence

The vendor claims that Divergence is an efficient trading tool. Published in March, 2018, it is said that this system is capable of benefiting you by identifying and scanning for regular and unseen divergences utilizing your preferred oscillator. In this Divergence indicator review, we will assess if it is indeed profitable. 

How Divergence indicator works

This software mainly trades divergences. It identifies divergences across many instruments and raises trading signals. This way, a user knows when to open and close trade deals and make profits in the process. 

The indicator is presented in a simple to consume manner on the mql5 site. The information available includes product description, features, oscillators supported, input parameters, author’s profile, and publication details. There are also several links to installation and update guides, troubleshooting, FAQ, and other products. Screenshots showing how the system works are provided as well. 

Divergence was created by a person named Arturo Lopez Perez from Andorra, a small, self-governing principality located between Spain and France. According to his profile, he is a programmer and the founder of Point Zero Trading Solutions. He mainly specializes in creating what he terms as amazing Forex indicators and expert advisors for Metatrader. He also has 178 other products to his name. A link to his company is also provided. However, the page does not provide us with useful info like its year of foundation, history, achievements, professionals it works with and their expertise, contact details etc. 

The developer describes the features of his product as follows:

  • Easy to use
  • Is fully automated
  • Supports numerous oscillators
  • Executes sound, visual and email alerts
  • Locates usual and concealed divergences
  • Executes performance statistics
  • Provides free updates
  • Filters divergences by size in bars
  • Has oscillator parameters that can be customized
  • Shows appropriate stop-loss and take-profit levels
  • Executes trading signals based on breakouts
  • Is coded properly to make sure that the trader’s account is executed in a predictable and safe manner
  • Can be parametrized to match a number of trading and risk profiles
  • Offers lifetime technical support
  • It can be loaded numerous times in a similar chart utilizing various oscillators, without interference
  • Runs on the MT4 and MT5 platforms
  • Comes with an installation guide
  • Provides alerts when a divergence is spotted and when a breakout occurs
  • The recommended time frame is 4 hours and above

Applied strategies

According to the developer, the indicator executes a twist. This trading strategy entails waiting for a donchian breakout so as to verify the divergence prior to signaling the trade. In the end, a repainting indicator is shown which then provides a trading signal which users can rely on.

Backtest results are lacking. Therefore, it is not clear to us if Arturo tested his creation thoroughly before releasing it to the market. For this reason, we hardly believe this software can benefit traders. 

Divergence trading results

Live trading results are available on myfxbook.com.

Chart showing the trading statistics of Divergence.

This is a real USD account being operated under World Forex brokerage. It is very young, having begun its operations on June 27, 2021. It has made a gain of 46.06%. This is after producing a profit of $34.76 from a deposit of $255.35. Therefore, the balance has increased to $290.11. The daily and monthly profits are 1% and 35.22% respectively. The drawdown rate of 24.78% is high and thus troublesome. It is a sign of the risky approach the indicator applies in trading. As a result, the user may suffer significant losses if this trend continues. 

The system’s trading performance.

The account has executed 29 trades with 0.29 lots so far. Out of these, the win-rates for longs and shorts stand at 56% and 100% respectively. The results for longs are poor and beyond disappointing. The profit factor is 2.05. The pips are 400.3. The average win is 38.02 pips and the average loss is -32.20 pips. The difference between these two trading metrics is quite small. This is dangerous because the account can easily start making losses should the market take a wrong trend. 

Bar chart displaying trades executed from Monday to Friday.

The account trades mostly on Tuesday -12 deals. 

Divergence monthly performance from June 2021 to August 2021.

The account made significant losses in June. However, it picked up in July to make a profit of 68.02%. Unfortunately, it began making losses again in August.

Divergence trading history.

The software trades with fixed lot sizes of 0.01. Different trailing stop losses and take profits are also applied. It trades on longer time frames.

Pricing & refund

The developer is selling Divergence for $299. You can also rent it for a month, 3 months or 6 months for $49, $99, and $199 respectively. If you decide to rent it for 3 or 6 months, Arturo says that you will save 33% of your money. These plans are very expensive and even costlier than some of the EAs in the market. Even worse, you will likely not get a refund if you are dissatisfied with how it works. So, you will be wasting your precious dollars if you decide to purchase or rent it. 

Pricing packages for Divergence.

Other notes

There is only one customer review for this system on the mql5 website. This client says that the software is excellent. Nonetheless, this feedback is inadequate. We searched sites like Quora, Trustpilot and Forex Peace Army for more reviews but could not find any. So, we do not know how other customers feel about this product.

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