Forex Diamond Review

by Tom Black
Forex Diamond
FX Automater

FX Automater is a well-known company among Forex traders. It introduced a Forex Diamond robot and insisted that it’s brilliant and profitable like a diamond solution. 

Forex Diamond: To Trust or Not to Trust?

Features

Forex Diamond Features
  • The robot has three strategies on the board. 
  • There are Trend and Counter-trend strategies to get profits from market moves.
  • The scalping strategy is executed during trading the counter-trend strategy.
Forex Diamond Features
  • The robot is compatible with MT4 and MT5 terminals.
  • There’s a dynamic trading logic.
  • It supports four pairs to trade.
  • The system is based on a self-updated algorithm.
  • The robot opens trade frequently, using margin all the way.
  • The system calculates dynamic SL and TP levels.
  • There are over forty recovery factors.
  • It has protections from high slippages and from opening deals during high spreads periods.
  • The system protects the gained profits (probably Trailing Stop Loss).
  • The system checks consistently open trades to be sure that they get optimal profits.
  • The EA doesn’t require any further optimizations and can be attached to the chart with default settings.
  • We’ll be allowed to get access to the member area.
Forex Diamond 50% OFF

We can get a copy of a product with 50% OFF for over a day.

Forex Diamond price

The vendor sells the EA through ClickBank, so there’d not be issues with a money-back guarantee. The pack costs $147. Buying it, we’ll get on license for a real account, advanced news filter, several (how many?) demo accounts, and a 60-day money-back guarantee.

Forex Diamond Features

There’s also support, access to a member area, user manual, free updates, and upgrades.

Verified Trading Results

Forex Diamond Trading Results

The presentation includes seven backtest reports with different pairs and Lot Sizes. This one showed a good win-rate (78.10%) on GBP/USD for nineteen years. The maximum drawdown was incredibly low – 2.54%. The Profit Factor was low, as for a backtest, as well.

Forex Diamond Trading Results

This one was a USD/JPY backtest for the same period. Win-rate was the same – 77.37%. The Profit Factor (1.51) and maximum drawdown (2.69%) were the same too.

Forex Diamond Myfxbook

There’s a real AUD account on IC Markets. The robot trades automatically with 1:500 leverage on the MetaTrader 4 platform. An account was created on April 08, 2019, and funded at A$419. Since then, the absolute gain has become +122.98%. An average monthly gain is +4.03%. 

High Drawdown

The robot trades with a little maximum drawdown (8.36%).

Forex Diamond Drawdown

From the end of December 2019, and until the beginning of June 2020, the EA experienced consistent and long-term drawdown periods.

Forex Diamond advanced statistics

The robot has closed 3068 deals with 5136 pips. An average win (11.12 pips) is twice fewer than an average loss (-22.16 pips). The win-rate for Longs is 69%, for Shorts – 73%. An average trade length is over five minutes. The Profit Factor is 1.17.

Forex Diamond trading results

The most traded pair was GBP/USD with 2589 deals compared to 579 deals on USD/JPY. 

Forex Diamond trading results

The robot focuses on trading when the market is flat, and there’s not much liquidity in trading.

Forex Diamond trading results

Monday and Fridays are a bit ahead by open trades.

Forex Diamond trading results

It works with medium risks to the account balance. For losing 10% of the account, there’d be 27 lost deals in a row.

Forex Diamond trading results

As we can see, the robot practices opening Grid trades. This doesn’t help so much in being profitable.

Forex Diamond monthly gain

Results in 2020 look unstable and unpredictable.

Vendor Transparency

The real account has a verified track record. So, we can be sure there are no removed parts of trading activity in the past.

Forex Diamond Vendor Transparency

We can even see open trades that are in a drawdown period.

Testimonials and mentions

Forex Diamond Testimonials

There’s a page on Forex Peace Army, but no comments are provided by thankful or angry clients. The presentation doesn’t include people’s testimonials as well.

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