Forex Diamond Review

Forex Diamond is an automated trading software that impresses with its high recovery factor of 40+ and the frequency it trades – every 15 minutes. It has been on the market for over a decade and has a solid loyal customer base. This Forex Diamond review will present you with the main features of the EA, the trading strategy and its performance results up to date.

Forex Diamond Overview

The Forex Diamond robot is developed by the FX Automater team, a group of experts with several forex automation products, such as Omega Trend EA, Grid Master Pro, BF Scalper Pro and others. The company was established in 2010, and its headquarters are in Lansing, Michigan, the US.

Forex Diamond is the second comprehensive forex robot developed by the FX Automater team, and it was launched in 2013. Its predecessor Wall Street Forex robot was available on the market for two years. Using the customers’ feedback and enquiries, the vendor built Forex Diamond, aiming to boost the EA’s efficiency and the profit potential for their clients.

Forex Diamond trades in only four major currency – EUR/USD, GBP/USD, USD/CHF, USD/JPY – which could be a setback for many experienced traders. They often prefer a more comprehensive range of trading assets.

The software is available in only one version that comes with one live account, several demo accounts, a news filter, and 60 days money-back guarantee. The price of 237 USD places Forex Diamond as affordable, although not cheap automated trading software.

Forex Diamond Features Review

Forex Diamond is a broker’s independent software suitable for every MT4 and MT5 account. Once purchased, you will receive regular free updates, which will be automatically installed on your EA. As we mentioned above, Forex diamond trades on an M15 daily cycle.

The developers claim that this high-trading ability could reach up to the impressive 1000 trades per day. Forex Diamond is reinforced with forty different recovery factors to manage the risk involved in such a high-intensity trading performance, including protection from high slippages and opening deals during high spread periods.

Forex Diamond Trading Strategy Review

One of the strongest advantages of Forex Diamond is its three individual trading strategies that operate at the same time. Thus, they improve the chance for profit in a short time. The included strategies are:

► Signal strategy – follows all market trends

► Countertrend strategy – boost the profit potential of the trades based on market analysis

► Scalping strategy – applied in all volatile markets due to fast adjustment settings.

Forex Diamond comes with in-box settings aimed to answer the requirements of various traders. However, sophisticated traders with many years of experience can adjust these settings according to their needs.

Forex Diamond Performance Results Review

While the features included in Forex Diamond and the combination of trading strategies undoubtedly sound impressive, the robot’s actual quality test is the numbers.

Our Forex Diamond review showed the software has a verified live account in myfxbook. Let’s see the statistics. The account was open in 2019 and, up to date, has gained 102.53%, with an average monthly growth of 2.95%.

For this two years, period Forex Diamond account doesn’t have many losing months with a maximum drawdown of 21.14%. Alongside this main myfxbook account, there are several others available for monitoring at the vendor’s official website.

It is worth having a look at them before jumping into a decision.

Forex Diamond Conclusion

Forex Diamond has been on the market for quite some time. The robot has supporters among traders who prefer a more dynamic style of trading. However, this high-intensive trading is exposed to more risks, and beginner traders tend to avoid it.

Pros:

► Three independent trading strategy working cohesively

► 40+ recovery factors

► 60 days money-return policy

Cons:

► Trades in only four major currencies

► Only one live account license