Divergence is an indicator that claims to identify hidden and regular divergences automatically with a winning ratio of 90%. Developed for Point Zero trading by Arturo Lopez Perez, this system is compatible with MT4 and MT5 platforms.
Published first in March 2018, the current version of the system is 14.4 with the recent update being done in May 2021. Other notable systems of the developer include Currency Meter, Lopez Trend, Support Resistance, and more. The developer is from Andorra and has more than 7 years of experience in trading. He has developed 179 products and 4 signals. The company is registered in Andorra. No location address or phone contact is present. Support is provided via messaging on the MQL5 site only.
Divergence strategies and tests
Important features this indicator claims to provide include quick identification of hidden and regular divergences, supports many oscillators, and filters the divergences by size. As per the vendor, the system implements the trading signals using breakouts and displays appropriate SL and TP levels. Sound or visual alerts are sent via email and the indicator implements performance stats. It includes customizable sizes and colors and configurable oscillator parameters. The vendor lists 13 oscillators that support the indicator like RSI, OSMA, CCI, and more. The lack of explanation of the strategy is disappointing. Furthermore, the vendor does not provide backtests for the indicator.
Divergence live trading account review
We found a real USD account from June 2021 up to August 2021 verified by the Myfxbook site. The manual trading done using the World Forex broker and the leverage of 1:500 on the MT4 platform reveals a total profit of 46.26% and an absolute gain value of 13.77%. We find the difference between the two values suspicious.
For deposits amounting to $255.35 and no withdrawals, the balance amount is $290.50 with the profit being $35.15. The number of trades is 33 with a profitability of 64% and a profit factor value of 1.97. From the trading history, we can see the lot size is 0.01. We can find several deposits being made within a short duration, which makes us suspect a poor performance and ineffective trading approach.
To purchase this Metatrader indicator you have to pay $299. The vendor also offers rental options for the product. For a one-month rental, the cost is $49 and it is $99 for three months. The 6 monthly rental costs $199. A free demo version is also present.
A money-back guarantee of 7 days is present. Such a short period is not sufficient for testing the product and assessing its viability. This makes us suspect the reliability of the product. When compared to the competitor indicator systems available in the market, the price is expensive.
Is the Divergence indicator a scam?
From our evaluation of the claims, the track record, pricing, and other factors we find this indicator is a scam. To start with, the vendor promises a winning ratio of 90% which is false considering the real trading results of the system on the myfxbook site. Our analysis of the real live trading account reveals poor performance, a small sample size, and an ineffective approach. Furthermore, the product is overpriced and is not worth it as the vendor does not provide a reliable and proven track record. The sample of the verified result is very small to be of significance.
User feedback for the system is not present on the reputed sites like Trustpilot, Forexpeacearmy, etc. However, we found reviews for the company on the Forexpeacearmy site. Here are a few of the recent testimonials:
From the above feedback, we can see that the customer finds the indicator and the support provided is disgraceful. Another user complains about the developer not responding to his messages. The reviews concur with our evaluation that the support and performance are not effective and reliable.