Diamond Forex EA
Diamond is a Forex Expert Advisor designed for GBP / USD using a 5 minute timeframe.
Diamond is based on three moving average for trend filter(fast average, intermediate average, slow average), reverse breakout of highs and lows, a volatility filter and % stoploss.
The results are excellent and the backtest from 2013 shows very good results.
It is possible to use a money management method (fixed fractional) and set it's intensity.
Diamond parameters can be modified, but the preset parameters have been chosen with the intent of obtaining the maximum ratio between profitability and stability.
- lot = lot size (default: 0.01); --> only if money_management_on_off is inactive!
- magic_number = unique number for each chart (default: 19080);
- comment = order comment (default: "DIAMOND");
- fast_average = length of fast simple moving average for trend filter (default: 45);
- intermediate_average = length of intermediate simple moving average for trend filter (default: 50);
- slow_average = length of slow simple moving average for trend filter (default: 450);
- max_min = period of bars considered for the breakout level (default: 26);
- sl = stop loss, % (default: 0.006 = 0,6%);
- volatility_factor = volatility filter (default: 0.006);
- money_management_on_off = set to 1 for activate money management, set to 0 for deactivate money management (default: 1);
- money_management_intensity = more higher is this parameter, more higher will be the gain and the risk (default: 0.1);
Money Management Intensity
it's important to not set the value of money_management_intensity too much high.
0.01 - 0.04 --> conservative approach
0.05 - 0.09 --> normal approach
0.1 - higher -- > aggressive approach