In this post I will be reviewing the Forex Diamond forex robot. This is a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Forex Diamond Trading Strategy
Forex Diamond combines 3 trading systems into one fully automated forex trading system. The 3 trading systems coded within Forex Diamond robot each trade independently. The first system is based on the trend retracing. The second trading system used is based on a reversal of a trending market. The third and final system is a counter trend scalping strategy.
The trading logic is dynamic so that the forex robot tries to keep up with the ever changing market conditions. Forex Diamond also includes filters from high spreads and slippage by way of a maximum filter.
Forex Diamond Back Testing
The Forex Diamond website also has some tick data back tests with 99% modelling quality. They show big profit gains over multiple currency pairs with low draw downs. It is not clear if they used real variable spreads, swaps, slippage and commissions in testing. These factors can have a major impact on results.
Forex Diamond Live Results
Forex Diamond Summary
Forex Diamond comes with lifetime support, free updates and a 60 day money back guarantee. There is also a member’s area for exclusive bonuses. You can set it up in just a few minutes using the easy to follow instruction manual. This can be purchased as a package deal which includes the Wall Street Forex Robot.