Last Updated On
Wed Jan 22nd, 2014
License
One real account for the Single license and Two real accounts for the Full license with multiple demo accounts for both licenses.
Support & Updates
24/7 support and Free lifetime EA updates.
Broker Compatibility
Brokers with the lowest spread are recommended for maximum profits, however all MetaTrader 4 brokers are compatible including those using ECN-type order fulfillment and regardless of their digit quotes count (for five-digit brokers, StopLoss and TakeProfit values needn't be multiplied by 10).
PC Minimum Requirements
1.5 GHz processor, 1 GB RAM, and Windows XP, Windows Vista, Windows 7 or Windows 8 operating system.
Refund Policy
The vendor guarantees no questions asked 60 day money back.

The EA is designed and authored by FXAutomater the well known Wallstreet Forex Robot creators, they introduce their EA as a world-class complete, high performance trading system, a unique integration of trend and counter-trend strategies, smart money-management, dynamic trading parameter configurations and rapid trade execution as a result of THOUSANDS of hours of design, testing, and refinement..

It consists of 3 totally autonomous trading systems gathered together, it applies a dynamic trading logic, with self updating algorithm, high trading frequency and minimum required optimizations compared to other expert advisors. Its stop loss and take profit levels are dynamically calculated.

Regarding protection, it applies high slippage protection, high spread protection and profit protection systems, with a new option has never been before in older Forex robots, it's 40+ recovery factor.

Strategy

The EA implements 3 advanced market domination strategies; a combination of trend and counter-trend strategies, smart money-management, dynamic trading parameter configurations and rapid trade execution.

Forex Diamond is designed to trade with 3 proven market domination algorithms packed together:

Secure After-Retracement Strategy

Forex Diamond EA systematically filter and implement profitable trades using its Trend-Retrace Signal Strategy. With self-possession the algorithm applies well scrutinized trading parameters to make profits from the market trend while sheltering your gains.

Secure Counter-trend Strategy

Forex Diamond EA monitors the market for potential trend reversals using its Counter-trend Strategy once an opportunity is at target, Forex Diamond EA sets its trading parameters to maximize the profit from that trade.

This strategy allows profiting even in special market conditions.

Aggressive Counter-trend Scalping Strategy

Forex Diamond EA delicately and rapidly raises executed trades small spread using its Countertrend Scalping Strategy. It can fit even the most volatile markets by fast adjusting your trading parameters through its dynamic trading system.

40+ Recovery Factor

Recovery factor is what determines the EA ability to earn more compared to its losses, simply it equals the pip net profit divided by pip drawdown, for example if an EA earns 20,000 pips with a drawdown of 1,000 pips, then its recovery factor would be (20,000/1,000 = 20) and this is deemed very profitable, and such EA is expected to be using a very good trading strategy.

Forex Diamond EA authors stated that the EA can earns 40x more money than it loses, what means that its recovery factor can reach 40.

However, you always have the choice to run the EA on a single, choose the best couple according to your insight, or let it combine all of them.

You should take in consideration that the results will vary after the size of your account, your distaste to risk, outside market factors, and your overall strategy.

Live performance

Forex Diamond EA USDJPY System by forexdiamond | Myfxbook

Started
Nov 20, 2014
Leverage
1:500
Broker
Alpari RU
Account Type
Demo
Starting Balance
$1,000
Forex Diamond EA USDJPY System by forexdiamond | Myfxbook

Key trading tools

Rapid Market Impulse Trading Levels

Forex Diamond automatically draws advantages of market volatility movement and brings it to the benefit of your trades, you can configure every trade after your trading strategy, or it can be automatically set guided by the current trading rules.

Optimal Money-Management

Forex Diamond EA automatically follows your open positions up and determines the optimal profit levels at which each trade is closed out.

High Frequency Trading

More than 1,200 trades can be executed per year through Forex Diamond EA trading algorithms.

High Slippage Protection

Slippage which is the most profit reducing factor and is a result of faulty EAs that can't calculate and execute trades at the optimum time, and this is frequent during high volatility trading sessions with rapid market reversals and price vicissitudes.

Forex Diamond EA greatly minimizes the chances for slippage by executing trades quickly at the right moment

Spread Protection

A good spread trading opportunity can vanish in moments or may even turn into a loss if your EA didn't execute the trade immediately, this is most prominent in highly volatile markets.

Forex Diamond EA doesn't need your intervention to dynamically calculate the correct trading parameters and execute a trade, locking in your profits and gaining even from quickest spread opportunities.

Profit Protection

Forex Diamond applies the maximum protection to your profits by combining high slippage protection, spread protection, and a special trading logic, each of which is sufficient to cover the desired protection while a triple combination of them is ensures a highest level of protection.

Self-updating

The market condition changes are a trigger and a guide for Forex Diamond update system, it automatically accommodates to these constantly successive fluctuations.

Backtests

GBPUSD 14-Year Backtest, Fixed Lots

GBPUSD 14-Year Backtest, Fixed Lots

GBP/USD - Fixed Lots - 99% Modeling Quality

GBP/USD - Fixed Lots - 99% Modeling Quality

GBP/USD - 1% Risk + Recovery - 99% Modeling Quality

GBP/USD - 1% Risk + Recovery - 99% Modeling Quality

GBP/USD - 2% Risk + Recovery - 99% Modeling Quality

GBP/USD - 2% Risk + Recovery - 99% Modeling Quality

Bottom line

Forex Diamond EA proves that it's a promising Forex robot and to be a consistent, reliable, profit making machine.

BUT

Let not one that says it's there an EA that can double your money in a week, or can make you a millionaire in a month, these are just marketing stuff to fool those who wish get rich-quick without mind realization and making the right decision.

Forex Diamond Info Summary

Version Used: 3.0
Pairs: GBPUSD and EURUSD are recommended while USDJPY and USDCHF are supported too.
Timeframe: M15

Visit Forex Diamond 3.0 Website
Buy Forex Diamond Single
Buy Forex Diamond Full
Rating: 4.88/5 (432 vote(s) cast)

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Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.