Forex Diamond Review

Forex Diamond EA

Forex Diamond is a quite known advisor of the well-known FXAutomater company. The presentation focuses on underlying the advantages. The main claim is that the system is “Brilliant and Profitable as a Diamond.” 

Forex Diamond At a Glance

We prepared a table with some details for you:

Price$187
Trading PlatformsMT4 and MT5
Currency PairsGBPUSD USDJPY
StrategyGrid and Price Action
TimeframeM15
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementYes

Forex Diamond Functionality

There are some illustrations with features:

Top Feachers
  • Forex Diamond works automatically for us on a real or demo account. 
  • We can use it on MT4 and MT5 platforms. 
  • The system has a dynamic trading logic. 
  • We don’t know the details. 
  • It can execute deals on GBP/USD and USD/JPY.
  • The robot can update itself automatically. 
  • The system trades with average frequency. 
  • The advisor works with dynamic Stop Loss and Take Profit levels. It’s risky to run the system based on dynamics.  
  • There are many (40+) recovery factors. 
  • There’s a feature of Spread Filter. 
  • It prevents opening orders during high spread periods. 
  • There’s a Trailing Stop Loss feature.
  • It supports orders that are on the market. 
  • It works well with default settings.
  • There’s access to the member area.

Strategy
  • We have some explanations about strategies:
    • The first strategy is a Signal strategy. It opens orders to catch a trend move.
    • The Countertrend strategy focuses on being in time when the market turns on.
    • The Scalping strategy cuts out several pips profits.
Special Summer Offer

The discount was almost doubled. We can rely on -$110 OFF. 

Price

The advisor can be bought for  $187. The original price was $297. The package is featured by a single real license, several demo lifetime demo accounts, 4 cross pairs supported. There’s an Advanced News Filter. We have MT4 and MT5 licenses. We may rely on a 60-day refund policy.

Features

There’s support, manual, and free updates with upgrades provided. 

Forex Diamond Trading Strategy Tests

Trading Strategy

We have a EUR/USD report on the M15 time frame. The data period was from 1999-2018. The modeling quality was 90.00%. The spreads were 10 pips. An initial deposit was $2500. The total net profit has amounted to  $34,159. The Profit Factor was 1.54. The maximal drawdown was 4.14% ($932). The advisor traded 7238 orders with an 80% accuracy rate on Shorts and 79% on Longs. 

What about Forex Diamond Live Real Trading Results

Live Real Trading Results

Forex Diamond has been working on a real AUD account on IC Markets automatically. The leverage is set at 1:500. The account has a verified track record and verified trading privileges. It was created on April 08, 2019, and funded at A$419.90. Since then, the absolute gain has become +100.15%. An average monthly gain is 2.61%. The maximum drawdown is 21.14 %. The trading results are tracked by 98 people.

Trades

Forex Diamond executed 3856 orders with 4801 pips. An average win is 11.11 pips when an average loss is 22.74 pips. The win rate for Long positions is 69% and 72% for Shorts. An average trade length is five hours. The Profit Factor is 1.11.

Currency

The most traded currency pair is GBPUSD, with 3312 orders and $258.98.

Winners vs Losers_Hours

The robot works during the night hours mostly.

Winners vs Losers_Days

The advisor trades equally during a week. Monday (833 deals) is the most traded day. 

Loss

It runs the account with medium risks to the balance. To lose 10% of the account, the robot has to lose 25 deals. 

Open Date

The system works without Martingale, losing quite often.

Monthly Gain

The robot is not a profitable and stable trading solution. 

Other Notes

Reviews

Although there is a Forex Diamond page on Forex Peace Army created, there are no people’s testimonials for this EA written.

Forex Diamond Review Summary

Forex Diamond Review Summary
2 5 0 1
Forex Diamond is a trading advisor that focuses on executing three not quite risky strategies. Alas, the system is still not profitable. The robot doesn’t look like a great trading solution that can make us rich.
Forex Diamond is a trading advisor that focuses on executing three not quite risky strategies. Alas, the system is still not profitable. The robot doesn’t look like a great trading solution that can make us rich.
2/5
Total Score
  • Functionality
    1/5 Awfully
    The system doesn’t look great and like a well-designed trading solution.
  • Trading strategy
    2/5 Bad
    There are three strategies on the board.
  • Live results
    1/5 Awfully
    The results are horrible.
  • Customer support
    3/5 Neutral
    The support is good as usual.
  • User reviews
    1/5 Awfully
    There are no reviews from people

The Good

  • Strategies explained
  • Backtest report provided
  • Real-account trading results provided

The Bad

  • No system details provided
  • No risk or money management advice given
  • Horrible trading results
  • Lack of people testimonials
Total
0
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