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Forex Diamond

Forex diamond is a Forex robot that boasts an amazing 40+ recovery factor that can take your trading to the next level. This product is from the creators of the Wall Street Forex robot, a system that was active in the market for over two years

Today I will be providing an in-depth review of this software and updating this post as more information comes available.

Forex Diamond

Forex Diamond Review

The release date for this software is December 5th 2013. The product is going to cost $300 and will undoubtedly be a highly anticipated release.

Some of the features for the Forex diamond EA include a dynamic trading logic, self updating algorithm, high trading frequency, high slippage protection and profit protection system. The software itself uses three trading strategies combined. Let me go over these algorithms.

  • Market domination algorithm 1: This strategy uses trend retrace signals to hunt for profitable trades.
  • Market domination algorithm 2: This Forex diamond strategy is counter trend which watches for potential market reversals to look for trading opportunities.
  • Market domination algorithm 3: Lastly, is the diamond dynamic trading system which adjusts the trading parameters to suit the type of trade or market that is active.

As for results the Forex diamond system provides a 14 year back test as well as one my FX book account. Both of these results are provided by the developer of the software. I will add my results soon but until then you can take a look at these.

forex diamond 14 year back test

As we can see here the Forex diamond back tests are on the GBPUSD pair but the my FX book account trades gold so there is a little bit of a disconnect here. I do wonder why all the historical data favors the pair but the live account favors trading gold. This goes to show that we can’t trust the live account fully because there is no 14 year back test for gold.

Forex Diamond Conclusion

I obviously have some interest in this Forex diamond system because of the success that the Wall Street Forex robot had when it was first introduced. There’s going to be a lot of discussion around this software and I do hope that the numbers we see in some of these back tests and accounts can prove to be successful in the long-term.

If you have something you would like to add to the Forex diamond review please leave your comments below, I appreciate anything you have to share.

 Try Forex Diamond

One comment

  1. I purchased the Forex Diamond robot and have been testing it on a demo account. Initially it did quite well, but it does not handle news events very well at all. In addition, when a trade is losing, it goes all the way to the stop loss it sets rather than cutting them short. Clearly the signals to get out of the trade are there, but it doesn’t seem to recognize them. In addition, it also seems to cut short winning trades. I have watched winners get closed only to see the trend continuing for another 50 or 100 pips that FD did not use or trade. So, in my demo account, I have actually lost more than I gained only using the FD EA after 30 days and several hundred FD trades. I’m going to give it a couple more weeks, but if it continue on this down trend, I’m probably going to ask for money back on their 60 day money back guarantee.

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