Review: Forex Diamond | Powerful Automated Scalper for MT4 | 14 Years Back Test & 5 Years Live Market Test
Editorial Introduction:
We’ve been participating in a local Trading Conference where leading trader been discussing different modern trading technologies. Eventually he has discussed about the “Forex Diamond” EA and educated us about it’s key benefits. That’s the point where we’ve said “We gonna get it and review it’s performance for our community members”. Some of the exciting and innovative features that this EA offers are real-time three different signal algorithm to approach the market under different type of conditions and self logic updating system by connecting to the logic server and update it’s trading logic by it self.
Another great function that many new (EA) traders may like to know is that it has fully self adaptive/automated mode, you don’t need to mess around with the settings, simply select the “Simple” mode of the EA, apply on the trading charts and it will use its pre-optimized values accordingly to the pair you’ve set it up on, unlike many other EAs where you’ve to change dozens of settings before kick it on, Forex Diamond is basically pre-configured for you to be “plug & play” on it’s officially supported pairs.
The EA been tested for a period of 14 years and it’s developers offering Alpari based myfxbook verified live performance data for everyone to review its day to day performance in real-time. We especially liked the fact it’s live performance are from ALPARI broker since this is one of the more reliable and trusted brokers out there, so the feed must be reliable as well.
Let’s observe the key features of this EA as listed by it’s authors:
- 3 (Three) Completely Independent Trading Systems In One EA
- Dynamic Trading Logic
- Self-Updating Algorithm
- High Trading Frequency
- Amazing 40+ Recovery Factor
- Reasonable Dynamically Calculated Stop Loss and Take Profit Levels
- Less Need To Be Optimized Then Other Robots
- High Slippage Protection
- High Spread Protection
- Profit Protection System
+40 Recovery Factor as been tested by the developers:
Recovery Factor measures an EA’s ability to earn more money than it loses.
It’s calculated by taking your pip net profit and dividing it by your pip drawdown. For example: If your EA earns 10,000 pips and has a 500 pips drawdown, then your EA’s Recovery Factor would be 20. [10,000/500]Forex trading experts consider an EA with a 20+ Recovery Factor to be very profitable. In fact, a 20+ Recovery Factor means that the EA is using a very good trading strategy.
So, now you understand why Forex Diamond’s 40+ Recovery Factor is exceptional.
Full Forex Diamond performance, Myfxbook Review & Discount Coupon by ForexEasy.CLUB:
[ Forex Diamond Performance/ Myfxbook Review ]
