$237 Buy Now
The Forex Diamond EA boasts an amazing 40+ recovery factor that can take your trading to the next level. This product is from the creators of the WallStreet Forex robot, a system that is making wave in the market, so is it scam or legit? You are absolutely in the right place because here, within our Forex Diamond review, you are going to find out the complete truth about Forex Diamond.
Forex Diamond EA is powered by the FXAutomater team. The owner runs the company with much transparency because there are live trading results that would represent EA’s performance since 2019. Live trading result tells a client what to expect from an automated trading system before making a purchase.
Forex Diamond EA Review
Forex Diamond is said to be a brilliant and Profitable Forex robot, designed to provide traders with automated trading that is compatible with both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Forex Diamond is built to open trades with reasonable dynamically calculated stop loss and take profit levels. There are 3 (Three) completely independent trading systems in one EA. Forex Diamond EA also includes a dynamic trading logic, self-updating algorithm, high slippage protection, high spread protection, profit protection system, high trading frequency, and comes with amazing 40+ recovery factor.
The key question is whether Forex Diamond is a good robot to invest money or not? After a detailed review of the software, we have decided to give this EA a very high rating. You can take a look at the best forex EA page for some other high rated options.
Here are the main reasons for this software high rating:
- Long track results with good performance stats.
- Well elaborated trading strategy insight
- Fair pricing
- Low drawdown with high win rate.
- 19 years backtest report
- Experienced vendor.
Forex Diamond EA Strategy
This robot looks like a unique trading tool. The Forex Diamond EA is a rare combination of trend and countertrend strategies, smart money-management, dynamic trading parameter configurations and rapid trade execution.
With a diversified strategy like this one, you can trade in any currency market, with any currency pair, at any time. You can dramatically boost your profit potential because you can select the right strategy for any situation.
In this review, we will see whether this robot can deliver on its promises, and in case it can, it would be a very adaptive trading software in the Forex marketplace.
- Type: Forex Robot
- Strategy: Trend, Counter Trend, Scalping
- Recommended Pair: GBPUSD, EURUSD, USDJPY, USDCHF
- Recommended Timeframe: M15
- Price: $237.
- Supported Platforms: MT4 and MT5
A license of the EA is available at a discounted price of $237 for one real money account license and several demo accounts. It works on 4 currency pairs and includes: advanced news filter, MT4 and MT5 versions and 60-Day money-back guarantee.
Forex Diamond Result
The developers are providing backtest reports as wells as verified trading results for both Forex Diamond demo and real money accounts on myfxbook.com. We’ll analyze the trading performance of both trading accounts.
The Forex Diamond EA real trading account is working on the MT4 platform and based on AUD currency. It started on April 08, 2019, and since that time it has been showing a +216.88% gain with a drawdown of 21.14%. It deposited A$490.47 and gained A$919.73 of profit.
For almost four years now, the account has traded 7,071 deals and won 4997 trades, which represents 71%. Its average (A$1.68) win is less than the average loss (-A$3.61) with the average trade length of 5 hours. The best trade is 112.2 pips, while the worst trade is 2 times more and equals -226.8. Its profit factor is 1.12.
The Forex Diamond EURUSD demo account was started almost a year after the live account was launched, and it is also hosted on the popular MetaTrader 4 platform. It is trading EURUSD currency and is working with the Alpari broker. It started trading on September 23, 2020, and deposited $1,234.22 virtual money. For more than 2 years, it has gained $580.19 of profit with a +47.01% gain.
Its profit factor is higher than the one of live account and equals 1.36. For >2 years, it has placed 372 trades and won 278 out of them, which represents 75%. Its average win is $7.96 which is lower than the average loss of -$17.38. The average trade length is 5 hours. The best trade result is 100.7 pips, while the worst trade is -91.0 pips.
What is similar for both trading accounts is the low drawdown, ranging between 12% – 21%. The robot worked on both real and demo accounts with low drawdowns. What we don’t like is how the EA performance appears on growth chart, it looks rather unstable.
Forex Diamond EA Review Conclusion
The developer provided both real money and multiple demo accounts data for analysis. Clients can see reliable data on the performance of the robot in demo as well as in account with real money before making a purchase. Also, considering that the developer is well known and they provided enough strategy insight, we recommend this EA.
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Forex Diamond Expert Advisor$237
- Myfxbook result
- Live trading result
- Demo trading results
- Low drawdown
- Fair pricing
- Experienced vendor
- Enough strategy insight
- High win rate
- 19 year backtest report
- Few currency pairs
- Unstable performance chart