Forex Diamond is an Expert Advisor which trades three independent short-term strategies. The first strategy trades when an existing trend continues after a reversal, while the second strategy trades the reversal itself. The third strategy uses a high frequency and quite aggressive scalping approach.
The EA is provided in two different versions. The first one only allows the user to change setting for the money management and risk while the second more professional version allows to adjust the trading strategies in various terms.
Take profit and stop loss limits are dynamically calculated, whereby the stop loss can be placed between 20 and 130 pips and the maximum take profit limit can be 100 pips.
The EA was developed for the market conditions from 2012 onwards and requires a good broker with tight spreads. Due to the high trading frequency up to 2,000 trades per year can be expected.
GBP/USD, EUR/USD, USD/CHF, USD/JPY
00:00 - 24:00 GMT
Standard licence USD 297.
Payment through Clickbank.
The developers grant an unrestricted right to return within 60 days of purchase which will be paid back through Clickbank.
The licence is valid for one live and one demo demo account. The licence can be managed in the members area of the developers' website.
A 19-pages manual explains in detail the installation and set up of Forex Diamond, the input parameters and their impact.
The performance of Forex Diamond is demonstrated, as follows, on an exclusive FXPIG live account as well as on a live account of the developers.
Backtests for Forex Diamond for the period 2012 - 2015 are shown below.
EUR/USD, spread: 1.0 pips, risk: 2%
EUR/USD, spread: 1.0 pips, lots: 0.01
GBP/USD, spread: 1.0 pips, risk: 2%
GBP/USD, spread: 1.0 pips, lots: 0.01
USD/CHF, spread: 1.0 pips, risk: 2%
USD/CHF, spread: 1.0 pips, lots: 0.01
USD/JPY, spread: 1.0 pips, risk: 2%
USD/JPY, spread: 1.0 pips, lots: 0.01
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