Forex Diamond EA Review 2024: Features & Alternatives
Reviewed by Kristina Knight, Journalist , BA
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The Forex Diamond EA is a well-established bot in the industry that has been utilized for a long period of time. This forex EA was started nearly a decade ago and operates 24/5 mostly across four currency pairs.
Pros
- Great backtesting
- Live trading results
- Combination of strategies
- Money-back guarantee
- Fast trade execution
Cons
- No Diamond EA review by customers
- Forex robot
- Combines three strategies
- Runs on MT4 platform
- Developed by Fxautomator
- Created in 2015
The Forex Diamond EA robot is a fully automated trading robot that works to systematically execute profitable trades using the Forex Diamond platform. It runs on the Metatrader 4 platform, and you can attach the Forex Diamond EA to your charts so it can scan the markets for trading signals that correspond with your portfolio and risk preferences.
Where it differs from other trading systems is that it combines three trading strategies together. Plus, forex robots in general are used for people who don’t have the time or knowledge to trade the FX market manually on their own. So, using a trading system like Forex Robot EA is a great alternative.
Continue reading through this Forex Diamond EA review as we touch on the features and advantages of this program, and whether it’s the right trading robot for you.
Forex Diamond EA Advantages
Let’s begin our Forex Diamond EA review by touching on the major advantages of this trading system.
Execute Profitable Trades
First, you can execute profitable trades with Forex Diamond EA using their trend retrace signal strategy. This is a signal strategy where the algorithm waits to apply proven trading parameters and earn a profit, while preserving your capital.
A Decade’s Worth of Positive Back-test Data
Users will like that there is a decade full of positive backtested data, so you can see the actual verified results of the trading platform from these Forex Diamond EA backtests.
60 Days Money-back Guarantee
Another bonus is that they have a 60-day money-back guarantee, so Forex Diamond users can try out the trading robot for two months risk-free.
Access to Members Only Area & 24/7 Support
Forex Diamond EA members gain access to an exclusive area on the Forex Diamond EA website, and 24/7 support. So, there are perks to having an account with them.
Forex Diamond EA Features
Now let’s go over some of the top features of Forex Diamond software.
Forex Diamond Live Performance
You can see live performance results from actual traders on the Forex Diamond EA platform, which not all trading systems provide. This allows you to see verified trades from actual users, and how the forex robot actually works to earn a profit.
Combined Forex Trading Strategy
Forex Diamond uses a combined forex trading strategy of three different strategies, giving it more opportunity to help drive your profit from the forex market using their dynamic trading parameter configurations.
One-time Payment For Excellent Forex Trading Robot
Another great feature of Forex Diamond EA is that you pay one upfront cost to access thi trading system, then you have lifetime access with no additional payments required.
Lifetime Updates
As a paid user of Forex Diamond EA, you get access to free updates for life, so you’ll always gain access to the latest and greatest trading system they develop.
Forex Diamond EA Quick Overview
Best Overall Value
- Use of well-vetted trading parameters
- Fast execution
- The Forex Diamond EA strategy is a combination
Forex Diamond EA Customer Reviews
We’d like to point out that we were unable to find customer reviews on Forex Diamond either on Forex Peace Army or Trust Pilot, where most other forex robots have garnered reviews. We don’t see this is necessarily a negative thing for this trading software, but we cannot see what users have to say about this program like with other trading systems.
Forex Diamond EA Service Review
Review of Forex Diamond EA
| Overall Pricing and Value | 92%
| 92% |
| Cost Value | 95%
| 95% |
| Customer Support | 90%
| 90% |
| Ease of Use | 95%
| 95% |
| Included Features | 90%
| 90% |
To finish off our Forex Diamond EA review, let’s take a final look at whether you should consider using this to access the forex market or not.
Is Forex Diamond EA Right For You?
Users like how Forex Diamond has reliable performance and rapid trade execution, even in volatile markets. As we’ve seen throughout this Forex Diamond review, the proprietary trading algorithms that the platform utilizes builds a trading logic based on your existing portfolio for optimal profit levels.
Cost Value
Since you only pay one upfront fee to access this program, like many other trading robots, it offers a good amount of value. Plus, they offer a money-back guarantee as well, which means you can get your money back within 60 days if you don’t like the product.
Customer Service
Forex Diamond has limited options for support, as you’ll need to email their team with any queries from their contact page. This isn’t an instantaneous response, which could be a problem if you are needing help quick.
Ease of Use
Forex Diamond is an easy platform to use, all you need to do is connect it to your forex broker and its algorithm will start building a complete trading system around it. It’s easy to get started, and they even offer several demo accounts so you can try it out with virtual money before trading multiple currency pairs with real money.
Included Features
There are a number of good features on Forex Diamond, including the fact that they have a smart money management system built in to the program, a blended trading strategy with dynamic trading logic, and that it’s supported by the popular MT4 platform.
Overall
Forex traders will like Forex Diamond EA as their forex robot if they want to go for speed, precision, and reliability. The variety of strategies that this forex robot uses is part of its appeal, doing a great job of analzing market conditions and making trades that earn a profit.
2 Top Forex Diamond EA Alternatives
| Forex Fury | Coinrule | Forex Diamond EA | |
| Price | $199 | $0 | $97 |
| Rating | 4.8/5 | 4.7/5 | 4.6/5 |
| Detail | Read Review | Read Review | Read Review |
| Link |
Forex Fury
Created by Rypax Inc., also the founders of Forex Stream, is Forex Fury, an automated trading program. It’s great for traders at any level, so it’s suitable for beginners just as it is for experts. They have plenty of great tools and resources to help you get started, in addition to a high win rate that is favorable to users.
Coinrule
Traders may also consider using Coinrule, an automated trading tool that has plenty of features so you can monitor market conditions to make good trading decisions. Many like that you can access the crypto markets through Coinrule, and can execute your trading strategy in an automated manner rather than manually–even with no coding knowledge.
Conclusion
Forex Diamond is a great option for currency traders, and the program is easy to use and connects with most forex brokers, and the MT4 trading platform. As a Forex EA, Forex Diamond is packed full of features, and makes it easy for traders to automate trades in the forex markets, even beginners. However, there are no customer review on the Forex Diamond robot, so it’s hard to see how this platform functions in practice from actual users.
Frequently Asked Questions (FAQs)
Yes, they do. They watch the markets for potential trend reversals, and the program adjusts automatically to take advantage of the potential profit.
Yes, they do allow you to have a demo account where you can manage trades with fake money to test out strategies. This allows you to see what would happen with your trades in different market scenarios and market conditions, without actually making a losing trade from a negative market trend.
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+ 6 sources
Bizreport Advisor adheres to strict editorial integrity standards avoids using tertiary references. We have strict sourcing guidelines and rely on peer-reviewed studies, academic research. To ensure the accuracy of articles in Bizreport, you can read more about the editorial process here.
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- Foreign currency exchange (forex) | Investor.gov. www.investor.gov. Accessed February 22, 2023. https://www.investor.gov/introduction-investing/investing-basics/glossary/foreign-currency-exchange-forex
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