Forex Diamond EA Review
This review of Forex Diamond dissects an established EA which has been on the market for quite some time. Its appeal can be attributed to a wealth of positive data, which is backed up by top features and MetaTrader platform compatibility.
The Forex Diamond EA supports four main currency pairs and adjusts it’s strategy automatically depending on market conditions. This adds up to a robust robot that our reviewers were keen to try out.
Throughout this review, we will detail all of the best features of Forex Diamond and how the EA can work to help bring your trading to the next level.
How does Forex Diamond EA work?
Forex Diamond EA has been available since 2013. This provides it with an excellent advantage over some other products in the market, as the creators of the product have already established levels of reliability and customer trust.
Our review of the Forex Diamond EA discovered that the product works 24 hours per day, between Monday and Friday when the markets are open, and primarily across four major forex currency pairs. These are the GBP/USD, EUR/USD, USD/CHF and USD/JPY. The EA functions with these pairs when traded on 15-minute timeframes. Other pairs and timeframes are tradable, however, the EA is designed to function at its best within these parameters.
The EA employees three distinct trading strategies to ensure your trading is as profitable as it can be in any given situation. Our Forex Diamond EA review team found that the software will automatically adjust between a forex signals trend retracing strategy, a countertrend trading strategy, and a scalping strategy depending on the market conditions.
To use Forex Diamond, you must be trading on either MetaTrader 4 or MetaTrader 5, and it is recommended that you have at between $1,000 and $5,000 in your trading account.
How much does Forex Diamond EA Cost?
Our Forex Diamond EA review team recognize that cost is a key factor when deciding whether this is the right EA for you. Luckily, this robot is competitively priced at just $297 per licence.
This price covers the following:
- 1-lifetime license to operate Forex Diamond EA on a single, real money account
- Licenses for multiple demo accounts (up to 4)
- Support for the 4 major currency pairs mentioned along with dedicated customer support
- Access to a lifetime of updates
Our reviewers also found that the Forex Diamond EA package is often offered at a lower price of $237, though this promotion is not guaranteed to be always available.
Forex Diamond EA also comes with a 60-day money-back guarantee. This gives you a chance to test out the robot thoroughly before deciding if you want to continue paying for the product.
When should I use Forex Diamond EA?
Our expert Forex Diamond EA review team felt that the price of the EA makes it affordable for all levels of traders, although we always recommend that beginner traders get to grips with the markets before employing a robot of any kind.
The fact that this EA is compatible with two of the most popular major forex trading platforms in the industry, Metatrader 4 and Metatrader 5, also makes it very accessible.
Do note, however, that to use Forex Diamond effectively, you have to happy to trade the 4 major FX pairs catered for, and be comfortable with the 15-minute time frame. If this sounds like you, we’d fully recommend giving Forex Diamond EA a try.
Pros and cons of using Forex Diamond EA
- Boasts over a decade’s worth of positive back-test data
- Competitively priced compared with other EAs in the sector.
- Utilizes three different trading strategies to increase the chances of seeing a positive result
- 60-day money-back guarantee
- Only one real money account per license
- Only caters for four major currency pairs
Is Forex Diamond EA easy to use?
Our review team found that it was very easy to sign up for and activate Forex Diamond EA, on both MT4 and MT5. In fact, there is so little to do in order to get the EA up and running, that our reviewers found there were less than 10 minutes between installation and active trading.
The Forex Diamond dashboard is simple and functional without being over-complicated and this easy-to-use platform is backed up by a helpful 24/7 support network. Our review of Forex Diamond EA found the support team to be both knowledgeable and professional in their approach.
Overall, our Forex Diamond EA review found a well-established forex trading robot with a good reputation in the industry. We also found that it offers a high degree of flexibility in both how it trades and within which market situations.
Our team were particularly pleased with the advanced levels of customer support provided, and the generous 60-day money-back guarantee offered. This all creates a trustworthy environment, and the creators clearly have confidence in their product.
You can use Forex Diamond at almost all of the best brokers which offer MetaTrader trading platforms. Sign up now to discover a sound EA with something to offer everyone.