Forex Diamond Review Introduction

The EA is designed and authored by FXAutomater the well known Forex Diamond 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 a 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 that has never been before in older Forex robots, its 40+ recovery factor.

Trading Idea

Forex Diamond is a unique integration of trend and counter-trend strategies, smart money-management, dynamic trading parameter configurations, and rapid trade execution, implementing 3 advanced market domination strategies; secure after-retracement, secure countertrend, and aggressive countertrend scalping strategies and designed to trade with 3 proven Forex trading algorithms.
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Forex Diamond Criteria

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).
We recommend installing it on TradingFX VPS Forex VPS and using it on IC Markets, Tickmill, or Alpari Forex brokers for the best stability and profitability.

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.

Supported Currency Pairs

GBPUSD and EURUSD are recommended while USDJPY and USDCHF are supported too.

MetaTrader Chart Timeframe

M15

Live performance

Settings
Default Settings
Started On
Mar 07, 2019
Leverage
1:500
Broker
IC Markets
Starting Balance
A$419.90

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 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 monitors the market for potential trend reversals using its Counter-trend Strategy once an opportunity is at target, Forex Diamond 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 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

The 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 authors stated that the EA can earn 40x more money than it loses, which 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 into consideration that the results will vary after the size of your account, your distaste to risk, outside market factors, and your overall strategy.

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 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 trading algorithms.

High Slippage Protection

Slippage 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 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 doesn't need your intervention to dynamically calculate the correct trading parameters and execute a trade, locking in your profits and gaining even from the 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 ensuring the highest level of protection.

Self-updating

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

Bottom line

Forex Diamond 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.

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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.

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