EA Name: Forex Diamond Robot
Platforms: MT4 and MT5
EA Type: 4/5 Digit | Scalping 4 Liquid Pairs
ECN Brokers: Yes
Price: $207 (one-off)
License: (1) Real Account License and several Demo Accounts
Introduction to the Forex Diamond Robot
The Forex Diamond is an MT4/MT5 Expert Advisor that trades 4 liquid Forex pairs on all market conditions. The robot's algorithm includes 3 different strategies (Trending, Ranging, and Scalping strategies) and several filters to protect your account (spread, slippage, etc.).
Forex Diamond Robot Main Features
(1) Scalping four (4) liquid Forex Pairs (EURUSD, USDCHF, GBPUSD, and USDJPY)
(2) Includes three independent trading systems
(3) Dynamic Stop-Loss and Take-Profit levels
(4) Spread control and profit-protection mechanisms
(5) Additional slippage control
(6) News-Trading protection
(7) Low-optimization requirements
Three (3) Trading Strategies Explained
Forex Diamond contains 3 strategies:
-1- TRENDING MARKETS STRATEGY
The robot uses a Trend-Retrace Signal Strategy to systematically execute trades. The algorithm applies well-vetted trading parameters to profit from strong market trends.
-3- TREND REVERSAL STRATEGY
Forex Diamond applies a Reversal Strategy to identify and trade potential trend reversals. The algorithm is designed to adjust its trading parameters in order to maximize the profit potential and minimize risk.
-2- SCALPING STRATEGY
Forex Diamond's Scalping Strategy focuses on small spread trades by adjusting dynamically the trading parameters to suit even to highly-volatile markets.
Recovery Factor 40 (According to the Developers)
The Recovery Factor measures the ability of an Expert Advisor to earn more than it loses. The calculation is simple and it is done by taking your pip net profit and dividing it by your pip drawdown.
□ Recovery Factor = Net Pip Profit / Pip Drawdown
According to the developers of the EA, Forex Diamond has a 40+ Recovery Factor. Actually, this is something that it seems to good to be true.
Forex Diamond Robot Additional Features
(i) Compatible with both MT4 and MT5 trading platforms
(ii) Customer support is available on a 24/7 basis
(iii) Easy to install the robot (comes along with a quick start guide)
(iv) Each purchase includes one (1) Real Account License and unlimited Demo Accounts
(v) Works with all Forex Brokers (4 and 5 Digits after decimal)
(vi) Free lifetime updates
Forex Diamond Review Conclusions
The Forex Diamond is an MT4/MT5 Expert advisor that focuses on trading four (4) Forex pairs (GBPUSD, USDJPY, EURUSD). There are several filters for protecting your account including spread and slippage control. The Expert Advisor is programmed to trade on all market conditions. The developers of Forex Diamond claim that the robot offers an exceptional recovery ration (40+). Each purchase includes one real account and unlimited demo account licenses.
◘ Forex Diamond Robot Review