- An automatic trading system, also known as an expert advisor, is an essential tool for any forex investor. The ability to make trades the precise moment an opportunity opens up is what separates the successful traders from the average investor. An automatic system allows the trader to leverage every opportunity in any market at any time.
Automation is also a huge convenience for traders who lead busy lives. Their expert advisor can execute trades while the human trader is working a full-time job or enjoying time with their family.
Any commercially available expert advisor can give a trader this power and freedom. Forex Diamond EA give traders the same strength and flexibility as well as something more.
The product of nineteen years of laboratory and real-world testing, this trading robot makes a unique offer to forex investors – three strategies in one program. Further, the three algorithms have been tuned to work together, forming a grand investment strategy you can use out of the box. The result is a highly flexible trading system capable of delivering massive gains.
In this Forex Diamond EA review, we will look at what this program is, how it works, and how it can help beginning traders.
Forex Diamond EA is an expert advisor that automates the trading process. It is a robotic computer program designed to monitor the market continuously, so you don’t have to. When it detects the right conditions for a trade, the program will execute it immediately.
Professional traders leverage multiple expert advisor programs to operate in different financial markets. Since they aren’t wasting time and energy making manual trades, they can devote it to more in-depth market research and refining their investment strategies.
Amateur traders will love the hands-off approach as well. It allows them to stay on top of the market in spite of a busy schedule.
How it Works
Before using this automatic trading robot, you will need to install a compatible trading platform. Forex Diamond EA works in Metatrader 4 and Metatrader 5. Most brokers offer either version, so the chances are high that you already have it on your computer.
From there, the set-up process is straightforward. Download the program. Run the install wizard. And in minutes, you can use Forex Diamond EA to make trades and earn money. You can also download a more detailed installation guide from the website’s members-only area.
Once installed, you shouldn’t have to touch the expert advisor. It will run 24 hours a day, Monday through Friday, monitoring the market and automatically executing trades when the conditions are right. It can work in the background and while you’re away. You won’t need to make a manual trade again.
What Makes Forex Diamond EA Different?
Many professionals, and most expert advisor programs, employ a single strategy that consistently turns a profit. The money keeps coming in, so why fix what isn’t broken?
The most successful traders, however, employ multiple strategies. These strategies exploit many variables. No matter what state the market is in, these traders still earn a profit.
Forex Diamond EA makes this “diversified strategy” technique accessible to amateurs. The program utilizes a set of three proven tactics to get the most out of every trading session. Its fast, precise, and reliable technology seizes on opportunities allowing you to trade at any time and in any market.
A “diversified strategy” takes a tremendous amount of resources, time, and expertise to build and polish from scratch. But with Forex Diamond EA, even beginning investors can enjoy the same level of success as elite professionals.
How it Helps You
Most trading software that is currently available is highly specialized. It is programmed to implement a single strategy as quickly and precisely as its technology is able.
Some traders use multiple expert advisors to implement more strategies and leverage more market scenarios. Even Forex Diamond EA will play nicely with other expert advisors on your computer.
The problem in both of these cases is that there is no overall strategy connecting all of these tactics. Without this grand strategy, your expert advisors and market tactics won’t be optimally deployed to maximize your earning potential.
Forex Diamond EA comes with a grand strategy already programmed. Each of its algorithms has been tuned to work together. Every action feeds information into each algorithm so they can coordinate and deliver top results.
The algorithms also use dynamic, real-time calculations to take advantage of every opportunity the market has. Forex Diamond EA uses its constant stream of data to adjust parameters like take profit, stop loss, and threshold values. The robot does the math, so you don’t have to.
The expert advisor that works for one trader may not work for you. Fortunately, Forex Diamond EA comes with a sixty-day money-back guarantee. If you’re not happy with the program, you can contact FXAutomater for a refund – no questions asked.
Here is everything you will receive when you purchase Forex Diamond EA:
- Forex Diamond EA trading system with a quick-install wizard
- Access to the members-only area of the website
- Access to 24/7 support desk
- Detailed User Guide and Installation Manual
- Free, lifetime updates
- One live account
- Quick Strategy Guide
- Several demo accounts
The Forex Market
The foreign exchange market is the largest in the world and continues to grow. It is also the most volatile since exchange rates between currencies are continually changing. Trading currencies is a high-risk high-reward venture. Success requires a thorough knowledge of the market, the right strategy, and the right tools.
Luckily, Forex Diamond EA provides the tools and strategies you need. These battle-tested strategies and built-in protections give beginners a relatively safe entry point to the forex market. The program also allows experienced yet busy investors to make trades automatically with little maintenance.
The Beginning Trader
Everyone knows that the stock market is always fluctuating. Of course, these shifts become personal when it’s your money at stake. In their panic, beginning traders often make poor investment decisions. These hasty decisions can cause even more severe, longer-term losses.
Forex Diamond EA helps take emotion out of investment decisions. The robot watches the changing market objectively. It won’t initiate a trade until the conditions are right. Unlike a human, it won’t jump too quickly or desperately try to reduce losses when it’s too late.
Plan for Success
The most important thing that any investor can have is a solid strategy. The right approach can save you from costly mistakes in the future. This emphasis on finding the perfect tactic, along with the hundreds of options to floating around the internet, can make the decision intimidating for a beginner.
Going with an expert advisor, like Forex Diamond, makes a lot of sense for a beginner. When you choose an expert advisor, you’re also choosing an investment strategy. Top programs would not sell if they didn’t deliver a profit for their customers.
When you use Forex Diamond EA, you can trust that your money is following a tested, profitable investment strategy. You’ll see results quickly and avoid costly errors.
A plan may look amazing on paper, but it won’t survive the first contact with the market, which is why it is always wise to test with a demo account first. Make trades with pretend money. See the results. Learn from your mistakes and tweak your plan accordingly.
Forex Diamond EA comes with one live account and several demo accounts. With the multiple demo accounts, you test any or all of the EA’s three core strategies. Watch the robot work and discover what results you can expect from your real-money trades.
You can switch between live and demo trading at any time. So there’s no pressure to start risking your hard-earned money. You can flip that switch when you’re ready.
One fundamental rule for investing is to start small to mitigate risk and inevitable losses. Though Forex Diamond EA recommends a starting capital of $1000 – $5000, the program is perfectly capable of working with smaller amounts, like $100 – $500.
Your broker will have their minimum limit, so check with them before making your first real-money trades.
Timing is everything in the stock market. That statement is particularly true of the forex market. Opportunities can disappear in seconds. Unless you are continually monitoring the market, you will miss out on potential profits.
An automated trading system, like an expert advisor, can help watch the market and make trades when you aren’t able to. But most programs still depend on the human trader knowing which strategy to use when and to tweak the trading parameters manually. This constant maintenance still results in missed opportunities and profits.
However, Forex Diamond EA is one of the smartest programs of its kind. The system of interlocking strategies allows the robot to choose the best one for the current market scenario. It will also dynamically adjust trading parameters to boost profits and secure your gains.
Forex Diamond EA is a real “set it and forget it” system. You’ll enjoy results with minimal maintenance. Plus, the program is easy to use. Now any investor can trade smarter and more successfully.
Why Forex Diamond EA is So Effective
The FXAutomater team knew they had developed sound investment strategies. Customers consistently praised the results they saw with FXAutomater’s other expert advisors. The next step was to combine them into a complete automatic trading solution.
The results were better than anyone could have expected.
The Recovery Factor measures the effectiveness of an expert advisor. This number shows you how much more money it earns than it loses. Forex experts consider an expert advisor with a Recovery Factor of twenty to be very profitable. In other words, the expert advisor should earn twenty times more money than it loses.
Forex Diamond EA has a Recovery Factor of forty – double the industry standard. With high-performance algorithms and innovative tools built-in, you can earn incredible profits.
An In-Depth Look
To continue our Forex Diamond EA review, we will take a deeper look into the program’s features: the trading algorithms and other tools. We’ll also cover features outside of the software like customer support.
The Three Strategies
The power of Forex Diamond EA is the three investment strategies it is programmed to use. You can configure the robot to use all three or only one of them. Each strategy has been designed to work independently and together.
First is the Trend-Retrace strategy. The robot scans the market for trends and strong impulses. When it spots an opportunity, it will dynamically set the best parameters and execute the trade.
Second is a Countertrend strategy that watches for potential reversals. When the program detects these signals, it will adjust your trading position to take advantage of the reversal. This strategy allows you to take home profits reliably, even in the most unusual market circumstances.
Finally is the expert advisor’s Countertrend Scalping strategy. It quickly and precisely executes small spread trades to leverage the market’s volatility. With Forex Diamond EA’s high-frequency trading capabilities and built-in spread protection, you can employ this aggressive tactic with confidence.
Though FXAutomater is proud of their secret, three-ingredient sauce, the trader has full control over how they use Forex Diamond EA. They can turn a specific strategy on or off as it fits their investment style and broker conditions.
Other Trading Tools
Along with the trading algorithms, Forex Diamond EA also includes these trading tools:
- High frequency trading (more than 1200 per year)
- Tracking of open trades
- Systematic closing at optimal profit levels
- High slippage protection
- Spread protection
- Special trading logic that protects your profits
An important thing to note about this program is that it is not a complete application. Forex Diamond EA acts as an extension of the Metatrader platform.
This extension-like functionality is a huge convenience. You won’t need to learn a new user interface to fully leverage this robot’s power. Once it’s installed and configured, you use Metatrader to manage it. Whenever you need to communicate with your broker, both of you will be looking at the same charts.
Part of FXAutomater’s commitment to customer service is supplying free updates for the lifetime of the program. You pay for the expert advisor once, and FXAutomater will keep it up to date for as long as you use it.
Another part of its customer service is rapid help desk support. No one wants to miss out on a great trade because of technical issues. FXAutomater has a support team available 24/7 to answer your questions. They promise a reply within one business day, though help can come in less than an hour.
Here are some other beneficial highlights of the Forex Diamond EA software:
- Free updates
- Minimal computer hardware configuration required
- The program will sleep on weekends
- Runs on Mac and Windows
- Use any one or all three proven investment strategies
- Use with any broker
For all its success, Forex Diamond EA is not a perfect system. Here are some aspects of the program that may make it a bad fit for you:
- The computer is recommended to stay on twenty-four hours a day, Monday through Friday
- Locked into a set of strategies
- Only supports four currency pairs – GBP/USD, EUR/USD, USD/CHF, and USD/JPY (M15 chart)
- Requires a second piece of software to run (Metatrader 4 or 5)
- Needs a stable internet connection
- Sleep or hibernate settings could interfere with program performance
To wrap up this review, let’s discuss the expert advisor’s performance and the kind of results you can expect.
It bears repeating that how well an expert advisor performed in the past is no guarantee of how well it will do in the future. Some other factors will dictate the results you’ll experience, such as your aversion to risk, the size of your account, and external pressures on the market.
However, past results can demonstrate an expert advisor’s capabilities. Forex Diamond EA has consistently and reliably won massive profits. Let’s dig deeper into how this program achieves those wins and the program’s drawbacks.
Automatic Trading with Forex Diamond EA
Forex Diamond EA is continuously analyzing the market, calculating dozens of parameters a minute, and automatically cashing in on the most profitable opportunities. Though accessible, it is not mass market software. It’s a powerful expert advisor for serious traders built on advanced programming, analytical technology, and trading expertise.
This foundation explains why the software does not come at a mass market price. It can be a significant up-front investment, especially for a beginner with a limited budget. Yet once you start live trading, the software should quickly pay for itself.
However, to keep up its constant surveillance, the expert advisor must always be running. This fact means that your computer must always be on during the work week.
The program has built-in fail-safes to deal with short-term interruptions and power outages. Setting your computer to sleep, hibernate, or shut down at night can be too much for the expert advisor to handle and lead to sub-optimal results. For some, this may require a change in your computer habits to run Forex Diamond EA at the recommended level.
One drawback to relying solely on an expert advisor is that you become so used to its strategies that you don’t develop and test your own. No tactic is infallible. Implementing more than one can safeguard against losses. They won’t guarantee success, however.
With Forex Diamond EA, it is still possible to make manual trades and work with other currency pairs. But FXAutomater does not recommend either of these actions with Forex Diamond EA.
New strategies always carry risk. You may create one that works better for you than the tactics Forex Diamond EA is programmed to use. Unfortunately, the program isn’t designed to allow such experimentation.
Most beginners will not mind this lock-in. They can rest easy that their first real-money trades are following a battle-tested strategy. However, more experienced traders and forex enthusiasts may find these limitations frustrating. Forex Diamond EA makes a great entry point but may not last the length of your trading career.
Working with a Broker
While the required Metatrader software is free, it’s only available through a broker. Choosing the right broker for you is the first challenge any beginner will face.
Nothing compares to the advice you would receive from a full-service broker. However, this advice comes with a price on top of any fees they charge per trade. If you’re a beginner with a budget, this isn’t an ideal route for you.
Partnering with a reputable discount broker would be the most cost-effective option. You won’t get the same level of advice and guidance as you would from a full-service broker. But you will have low-cost trades and a trusted set of investment tools, such as Metatrader.
Find a broker who offers Metatrader 4 or 5, pair it with Forex Diamond EA, and you’ll have a successful start to your forex trading career. By following a proven set of strategies, you can make money on your investments as you learn more about the forex market.