Forex Diamond EA is an expert advisor developed by FXautomater. This company is owner of multiple successful EAs. You can check them in our website - WallStreet 2.0 Evolution, WallStreet ASIA, WallStreet Recovery Pro, WallStreet GOLD Trader, Volatility Factor 2.0 Pro, Forex Trend Detector, Forex GOLD Investor, Forex COMBO System and so on. All these forex robots have unique trading algorithm. In this article, I will review Forex Diamond EA and hope it will answer your questions.
Questions we will look at :
- Forex Robot Review - Forex Diamond EA
- Updating Forex Diamond EA
- Forex Diamond EA Settings
- Forex Diamond EA Backtesting
- Summary - Forex Robot Review - Forex Diamond EA
Forex Diamond EA is automated trading system developed to work on multiple currency pairs EURUSD, GBPUSD, USDJPY anad USDCHF. You can trade on one currency pair or more than 1 currency pairs simultaneously. The recommended timeframe is M15 and the recommended settings are default settings. You can take advantage of the flexibility of the robot and change many settings.
You can activate news filter which will stop the EA to trade during high impact news. So, this way you can make sure you will not risk during news. Also, you can set a time for the exact time to wait until the news pass. This forex robot - Forex Diamond EA, has powerful money management system. You can take advantage of it and use it, this way you may increase the profit exponentially.
Forex Diamond is one of the most successful expert advisors around the globe. This trading system includes 3 independent trading strategies. This gives you the possibility to increase the winning trades. The installation and usage of Forex Diamond EA is simple and really easy. It is compatible with metatrader 4 and metatrader 5 trading platforms. This is not all, it also can be used on MAC and Windows based OS.
In addition, I want to mark that it automatically recognizes your broker quotes - four or five digit. Therefore, you won't need to take actions and multiply TakeProfit and StopLoss values by 10. Last but not last, it uses very strong systems - high spread protection, profit protection system, high slippage, protection, dynamic trading logic, self-updating algorithm and etc..
Updating Forex Diamond EA
When there are updates/releases/new versions you have to login to the member area of Forex Diamond EA and download the latest versions, ex4 or ex5 files. Then install them, or you can just use installer to do it.
When there are optimizations on the robot's settings it will self-update the latest values.
When you update your robot and if there are opened trades, all you have to take care is the new version to have the same magic number. The rest will be done by the forex robot. It will continue managing its own trades.
Forex Diamond EA Settings
It is strongly recommended to use default settings. As a parameter which I recommend you is to change the risk. FXautomater team suggest using risk below 2%. Another important parameter is GMT_Offset. When you activate news filter it is very important to make sure it is getting correct GMT offset of your broker.
Forex Diamond EA Backtesting
Below I get backtests results which are shared in the official website of the forex robot.
1. Backtest results on GBPUSD | Deposit is $2500 | Net Profit: $11,3626 | Profit Factor: 1.58 | Date: 1999 - 2018
2. Backtest results on USDJPY | Deposit is $2500 | Net Profit: $39,018 | Profit Factor: 1.51 | Date: 1999 - 2018
3. Backtest results on EURUSD | Deposit is $2500 | Net Profit: $34,159 | Profit Factor: 1.54 | Date: 1999 - 2018
4. Backtest results on USDCHF | Deposit is $2500 | Net Profit: $44,751 | Profit Factor: 1.70 | Date: 1999 - 2018
SUMMERY - Forex Robot Review - Forex Diamodn EA
Forex Diamond EA is a successful trading strategy. It looks interest expert advisor which you can use on multiple pairs. It is flexible EA and easy to use. It can be really profitable expert advisor in short-term trading. It shows successful and profitble results on USDJPY, especially.
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