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Forex Diamond Review

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forex diamond

We bring to your attention a review of the Forex Diamond robot.

Going to the main page of the dev’s site, we are faced with a thirty-page product presentation. The first thing that catches your eye is the robot is able to work on the MetaTrader 5 platform and 60-day money-back guarantee period. The following thesis tells us that the robot got a world-class excellent system with more than forty recovery factors.

How Forex Diamond EA Works

As you can see from the screenshot, Forex Diamond has got some features: the forex EA includes three trading systems, dynamic trading logic, high-trading frequency, stop-loss, and take-profit money management system, a stable version that almost doesn’t need optimization, high slippage, spread, profit protection system.

forex diamond features

Applied strategies 

The strong headline tells us that there are three strategies in the EA that allow us to outperform the market(?). We probably won’t agree with that before we check the data.

forex diamond strategies

The story told that many professionals use mostly two strategies (trend following strategy and a reliable countertrend one), but the forex robot includes three of them. So, we’re suggested to: “With a Diversified Strategy 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.”

forex diamond strategies

Forex Diamond has been enchanted by three following strategies: signal strategy, countertrend strategy, and scalping one.

forex diamond strategy tester report

This back-test has been performed on GBP/USD currency pair with started deposit $2500, profit factor 1.58. As a result of applying the strategy, the account balance grew to $113626.

Forex Diamond trading results

Let’s go on the official robot myfxbook account to check its performing.

forex diamond myfxbook

The account has been funded on A$419, uses IC Markets as a brokerage company, 1:500 leverage and works on the MetaTrader 4 platform.

The robot produces 0.22% of daily and 6.75% of the monthly gain working with very low drawdowns (8.81%). Forex Diamond has been running on the real account only from April 2019. It’s a little bit more than half a year. During that period total gain has been grown to +66%. It means that it can easily reach +100% annual gain. 

forex diamond myfxbook

The results look good, week grow is 1.64% this month grow is 5.57%.

forex diamond statistics

During the period Forex Diamond performed 1029 trades (2555 pips), with 72% of success. The average trade length was 6 hours and the profit factor was 1.41.

forex diamond trading activity

The account has the highest level of transparency and we may check even ope orders.

forex diamond monthly analytics

The robot trades two currency pairs every month: GBP/USD and USD/JPY. USD/JPY pair is not more than 25% of all trades. 

Pricing And Refunds

The robot has two pieces: normal ($297) and black-Friday one ($147).

forex diamond pricing

For this money, we’ll get 1 real account, some demo accounts, 4 currency pair trading, MT4-MT5 versions, and a 60-day money-back guarantee.

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