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.
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.
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 has been enchanted by three following strategies: signal strategy, countertrend strategy, and scalping one.
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.
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.
The results look good, week grow is 1.64% this month grow is 5.57%.
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.
The account has the highest level of transparency and we may check even ope orders.
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).
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.