Agree or not,sooner or later,you need to have your own EA forex robot to monetize from this bussiness. There are 2 ways to have,create yourself or buying it from others. If you create your own,certainly you must have a lot of html skill,time and energy. Buying from others will help you save time but not all robots are good. Some people want to rip your budget by creating expensive robots and creating another robot. Therefore,if you want a good EA forex robot,you should buy from something reliable.
Fxautomater is one of the best EA forex robot creator and has been in bussiness since 1999. They has created notable robots such as Wallstreet Forex Robot,Forex Trend Detector,Volatility Factor,Forex Combo System ,Forex Gold Investor and Forex Diamond. If you are a trader and you don’t know Forex Diamond,you are in the cave. Like other products from Fxautomater,this one also contains complex algorithm but easy to install. Now,let’s check out my Forex Diamond review so that you know exactly the services.
Table of Contents
What Is Forex Diamond?
At first,it’s just an EA forex robot that can automatically trade that has been in bussiness since 1999. Forex Diamond has similar trading pairs with Volatility Factor when it focuses mainly on GBP/USD,EUR/USD,USD/JPY and USD/CHF. Being a product from Fxaumator,of course it does offer high spread and slippage protection. The strategies inside this robot is Market Domination algorithm. Additionally,what makes Forex Diamond become outstanding is recovery factor,over 40. Just like others forex robot,this EA offers advanced algorithm to help you avoid loss and take profits for a long-term.
Who Is Forex Diamond For?
Inexperience Traders who are finding a high quality and reliable system to help them success
Intermediate and Professional who want to scale up their profits
You have a full-time job so that you can’t trade all time
If you want to try trading 4 currency pairs simultaneously
If you are scare of burning out your balance
You lost your money because you lack experience on trading
You are finding a high spread and high slippage protection system
Main Features and How Does Forex Diamond Work
Firstly,just go to your broker account,installing this robot is super simple and easy so i won’t talk about this. Just like other robots from Fxautomater,this is what you see when you log in.
When looking at the template,it just like other product from Fxautomater. How it works is the same,also automatically buy/sell and take profits/stop loss for you.
It’s actually a done for you code that you can apply into your broker account and of course,it can not be shared. Now,i will open this robot,this is what you see at first. But hey,remember,you can apply to some demo accounts and one real account.
Being a robot,certainly it can automatically trade and close order for you. Everything is automatic and it trade as soon as the price action changes. When it feels that’s enough,it will close,just it.
If you can notice,it doesn’t offer parameter like Forex Trend Detector,Volatility Factor and Wallstreet Forex Robot. And hey,you don’t have to draw fibonacci or draw trend line because Forex Diamond covers the analysis for you.
Like Volatility Factor,this one also supports 4 currency pairs (EUR/USD,GBP/USD,USD/JPY and USD/CHF). It can trade those pairs simultaneously and various time frames.
What To Know Before Buying Forex Diamond?
1.Three Main Trading Strategies
Secure after retracement :Forex Diamond watches the market looking for strong market impulses. Once discovered, it dynamically sets the best trading parameters and executes the trade.
Secure Countertrend : When the market signals a potential reverse, it will immediately adjusts your trading position to exploit the reversal. The Secure Countertrend strategy allows you to profit in special market conditions reliably pocketing pips while other EAs stall waiting for optimization.
Agressive Countertrend Scalping :Forex Diamond uses its high-frequency trades and spread protection to execute short-term scalping trades.
2.Market Domination Strategies
3.Additional Things To Know
High Slippage and Spread : in order to help you avoid being cheated by unethical brokers.
Profit Protection System : This will protect your trading gains, combining all three provides triple-protection insuring your pocket and your hard-won gains.
Optimal Money-Management: Forex Diamond tracks your open trading positions and closes each out at the optimal profit levels.
40 + Recovery Factor (the highest so far) : this means your percentage of risk is very low. Actually,this is the difference between earning average trading profits or having an profit windfall.
Trading Based on Volatility Movement from the market
Low Optimization : Forex Diamond calculates the parameters based on the market so as to match the market conditions
High Frequency Trading: Forex Diamond works hard to build your account position,the average close trade is up to 1,200.
40+ Recovery Factor (hence the risk is really low)
Profit Protection System (so as to take profit for a long-term)
Can Track your trading position and then closes it properly
Cons of Forex Diamond
Just 4 currency pairs
Only Several Demo Account (while Wallstreet Forex Robot and Volatility offers unlimited)
In summary,Forex Diamond is a really cool EA forex robot that many traders should try. It’s gorgous and reliable. Additionally,this EA robot is best for those who are busy but want to take profits for a long-term. High Slippage and Spread Protection together with Profit Protection will guarantee to help you protect you from being cheated. What makes Forex Diamond become different is the Recovery Factor,which is over 40. Of course,i always recommend products from Fxautomater and this one is not an exception.