Forex Diamond EA Review
Welcome to our best expert advisor website! We will be doing a Forex Diamond EA review in this article. In today’s post, we’ll take a closer look at the main features of this robot and discuss its trading strategy. Our team will give you a detailed overview of the robot and its work. Then, we will move on to a discussion of the packages and prices available.
What is a Forex Diamond EA?
Forex Diamond EA is a trading robot that automates the trades on the Forex market. Forex account users use this robot to maximize the profits on their accounts. A bot that this EA creates outperforms all other similar bots due to its incredible strategy.
The logic behind this is that when diversifying your strategy, you eventually increase your profits pretty quickly. Additionally, this enables you to trade any currency on any trading market at any time.
Forex Diamond EA, on the other hand, trades only four large currency pairs. We all know that the most experienced traders might have a minor downside to this. It is because professional traders prefer trading robots that can simultaneously trade several currency pairs.
Who is behind this?
When we discuss a specific robot, the team behind it won’t be excluded from the Forex Diamond EA review.
FX Automator developed this EA; they are very famous in the forex market for creating beneficial robots. To this day, this company has developed many famous bots. There are several forex robots available, such as the WallStreet 2.0 Evolution Foreign Exchange EA.
However, we could not find any additional information online. The official sales page doesn’t mention them at all. I will add information in my review as soon as the official website update this.
How does Forex Diamond EA work?
The creators of this product have established a track record of trust and reliability with their customers, which gives it an edge over its competition.
This product operates 24 hours per day, from Monday through Friday during regular market hours, and with primarily four significant currencies that traders use. They are using an indicator which they call the best forex indicator on auto pilote.
Among the rate options provided by this robot are GBP/USD, EUR/USD, USD/CHF, and USD/JPY. These types of pairs are used by EAs who work with 15-minute time frames. The EA is also tradable on other pairs and timeframes, but it is designed to function best on these pairs and timeframes.
In every situation, the EA implements three distinct trading strategies to ensure maximum profitability. In our Forex Diamond EA review, the team found that the software automatically switches between three trading strategies based on market conditions: a trend retracement strategy, a countertrend strategy, and a scalping strategy.
To use Forex Diamond, you must be trading on either MetaTrader 4 or MetaTrader 5, and it is recommended that you have between $1,000 and $5,000 within your trading account.
Subscription-based robots will cost you more in the long run. It also has a high recovery factor, twice the industry average.
Because Forex Diamond EA has been tested for almost 19 years, including real-money account trading, it is clear that it has been thoroughly tested and passed without hitches. These results are in accordance with backtesting, giving the product even greater reliability.
In this forex diamond ea review, we will summarize some of the main features.
- MetaTrader 5, MetaTrader compatible.
- Trades based on dynamic logic.
- Profit is guaranteed.
- 24/7 customer support available.
- Recovery factor integration.
- An EA that combines three trading systems.
- High-trading frequency.
- Protective and high-speed system.
The Forex Diamond EA forex robot supports MetaTrader 4 and MetaTrader 5, which are the most commonly used forex trading platforms. As such, it appeals to a wide range of potential clients. It is also noteworthy that you can use Diamond Forex EA even on accounts with other EAs in place, without adverse effects.
Forex Diamond EA is designed for use with GBPUSD, EURUSD, USDCHF, and USDJPY but can also be used with other currency pairs.
By calculating trading parameters using the market data, the EA does not require client input for optimization.
In addition to trade with small amounts of money, the Forex Diamond EA robot was also designed to work with small amounts of money. The low deposits are dependent on whether your broker supports them. The Forex Diamond EA recommends deposits between $1,000 and $5,000, so there are fewer restrictions on your trading.
Price/Package Forex Diamond:
There is just one plan available for Forex Diamond EA, and the one-time standard fee is $297. Occasionally, the price can be reduced with sales. You can use it for one real money account as well as several demo accounts.
Forex Diamond EA may cost more upfront than subscription plans, but it will prove much less expensive in the long run because of the one-time fee. In addition to that long-term affordability, the updates are free.
You can return the Forex Diamond EA for a full refund within 60 days. A robot that offers this guarantee stands out among its competitors.
Pros and cons:
- Positive backtesting for more than a decade
- Competitively affordable price
- Using three different strategies, you can increase your chances of success
- Money-back guarantee for 60 days
- Each license is limited to one real money account
- Only supports four major currency pairs
Conclusion of Forex Diamond EA Review:
Traders can benefit greatly from Forex Diamond. This tool is a great choice for anyone who is serious about trading but doesn’t want to spend too much time doing so. Because the risks are reduced, profits are a little slower to appear, but they are there.
After just a few weeks of use, I have seen this system pay for itself. You need to decide whether or not you want to pursue this professionally. The Forex Diamond site is for you if you are looking to make money. However, if you intend to be a trader, perhaps this is not your cup of tea.