This unbiased Forex Diamond Review will examine the Forex Diamond EA ROBOT in full detail.
The reason I was interested in writing this Forex Diamond Review is because it is an incredibly popular robot, having been on the market since 2013 and is still one of the most successful robots in the forex industry.
I am usually very skeptical about forex robots.
There are so many crappy products out there in the forex world and it seems as though this is mostly true in the ‘forex robot’ sector of the market – for this reason, I tend to be extremely harsh when I review EA’s and Robots, so take that into consideration as you read this review.
That being said, let’s dive into this Forex Diamond Review and see if it really is the best EA Robot in 2020.
Forex Diamond EA Robot – What is it?
Forex Diamond EA is a forex robot, which means it is a computer-based program that is built upon certain forex signals that help it determine if it should buy or sell a certain currency pair at any given moment.
In easier terms, a forex robot automatically makes trades for you.
This is done by simply analyzing different values – the robots are made to analyze the data and then buy and sell currencies by itself.
Some robots are made horribly and will not make you any more money than if you were trading blindfolded.
For this reason, make sure to do proper research and always read reviews before you purchase a robot online.
BUT, some robots can be programmed quite well – I myself have had success with a select few.
What robots do is completely removes the ‘psychological’ element that a human forex trader faces when trading… it is easy to get overwhelmed and make mistakes while trading that goes against proper logic, so that is one reason why forex robots can sometimes be more profitable than a human forex trader.
These forex robots are completely automated – they do the work for you and give you signals so all you have to do is physically enter and exit the trades.
Robots are especially useful if you are a beginner!
Forex robots are particularly useful for beginner forex traders, although I do know a handful of more experienced traders who still use robots to this day (me included).
Now that you know a bit about what exactly a forex robot is, let’s look at the dirty details of the Forex Diamond Robot.
Forex Diamond EA Review – Who’s Behind It?
The Forex Diamond Robot is created and sold by a company called FX Automater.
For those who are interested in reading more about the company, you can click here to go to their website.
From my research, they are a 100% legitimate and trusted company – they specifically make forex robots and forex robots only (besides two indicators), so that means they at least have a pretty good idea of what they’re doing.
Some of the other successful robots that FX Automater has released are (including but not limited to):
- News Scope EA Pro
- BF Scalper Pro
- Smart Scalper Pro
- Grid Master Pro
- Gold Scalper Pro
- Omega Trend EA
- BF Scalper EA
- BF Smart Scalper EA
- BF Grid Master EA
- Wallstreet Forex Robot 2.0 Evolution
- Forex Gold Investor
- Volatility Factor 2.0 Pro
I know, that’s a lot of robots.
If you suddenly feel overwhelmed at which robot to purchase, keep reading – from my research and through talking with other forex traders, it seems as though Forex Diamond is by far the best robot that the company has made so far.
While I’m sure some of those other ones have their benefits, I cannot personally recommend any of them since I have not taken the time to fully review them yet.
BUT, through my trial with the Forex Diamond EA I can confidently say the I was very, very impressed.
So, let’s go through what exactly is inside the robot – I will give you an inside look of exactly what you get when you purchase this product.
Forex Diamond Review – Details
|PRODUCT:||FOREX DIAMOND EA|
|Product Type:||Forex Robot/EA (Software)|
|Verdict:||RECOMMENDED (Read Entire Review To See Why)|
|Refund:||60-Day 100% Money-Back Guarantee|
Forex Diamond EA Review – Features
Here is exactly what comes with the Forex Diamond robot.
- A dynamic trading logic (the forex diamond trading system is A+)
- A built-in algorithm (updated regularly)
- High-slippage protection (not many robots have this)
- High-trading frequency (do not ever buy a forex robot without this)
- A profit protection system (helps eliminate losses)
- 40+ recovery factor (this is well above other EA’s)
One of the reasons Forex Diamond is great for beginners is because you don’t need to fine-tune all the peramaters yourself – it comes built-in and ready to go from the start.
With other forex robots and indicators you have to set the ‘guidelines’ for how it will trade yourself, so the fact that you don’t have to do this with Forex Diamond EA is a huge plus.
Forex Diamond Robot can trade the following currency pairs:
These are four of the major currency pairs, and you don’t really need much more than that, at least in my opinion – this is especially true if you are a beginner, these are the currency pairs you should be trading when you just start out.
Forex Diamond trades on M15 timeframe.
The algorithms that make up the software are really what matters most when it comes to forex robots – this is what will help you identify which trades to make that will make the most amount of money.
Let’s look at the three different algorithms inside Forex Diamond EA.
(ALSO, just so you know, you can use one of these strategies or all three at the same time. It’s as easy as turning each of them ‘ON’ or ‘OFF’)
Algorithm 1: Secure After Retracement
With this first algorithm, the robot finds those big forex trade opportunities by using trend retrace signals.
This strategy simply watches the market for you and finds ‘strong market impulses’ that you can profit from.
Algorithm #2: Secure Countertrend
This strategy is one that identifies those big profitable trades by looking for possible market reversals and counter-trends. (note: this algorithm is especially powerful, and not one I’ve ever seen used by other Forex EA’s)
Using this strategy, Forex Diamond alters your current trading position to make money when the market shows a potential reversal.
Algorithm #3: Aggressive Countertrend Scalping
Using this strategy, the robot takes advantage of high-frequency trades and spread protection in order to perform very short-term trades that have potential to result in big profits.
So, those are the three strategies that makeup Forex Diamond EA.
NOTE: There’s a lot more info about this product on the sales page – click the button below to learn more.
Let’s take a little more in-depth look at what’s inside the product.
Forex Diamond Review – What’s Inside?
Besides the actual Forex Diamond Robot itself, you also get access to some other features when you become a ‘Forex Diamond Member’.
Here is what you will also get when you purchase:
Forex Diamond Trading System
This is the Forex Diamond EA, which is what makes the trades for you.
It is easy to install (thanks to the quick-install wizard) and walks you through the configuration process.
You do not need any other tools or downloads besides the EA system.
Member’s Only Area
You get access to the member’s area when you purchase Forex Diamond.
Inside, you will find some exclusive documents and files that will help you with your trading.
This section comes packed with tutorials on how to use the system to make big trades.
The support desk is open 24/7, which is a huge benefit for this product.
From my research, it seems as though they usually reply to queries within one business day.
Quick Strategy Guide
According to the website, this guide shows you how to “… maximize the performance of Forex Diamond”.
Forex Diamond includes a ‘strategy guide’ that they claim will teach you the best techniques for using the software…
…this is gold.
Seriously, not enough forex companies/products include guides to help you actually trade, so this is a major plus for Forex Diamond.
After reading the strategy guide, I can confidently say that it even taught me something new and has a lot of useful information to help you crush it using the robot software.
60-Day Money-Back Guarantee
As mentioned earlier, this product comes with a full 60-day ‘No Questions Asked’ refund, which is fantastic.
And, according to online sources, the refund is actually ‘no questions asked’, which is great if you decide it’s not worth the money for you (although I believe you will find it is worth your money).
Live Trading Account
You can use Forex Diamond with a single live account at a time.
You can use Forex Diamond with multiple demo accounts at a time.
Another great benefit you get as a Forex Diamond customer is you get access to all future updates to the software free of charge.
And, they update/improve the software every single year, so that is really something.
Final Words – Is Forex Diamond EA Legit?
- Made by a reputable and trusted company
- Product established since 2013
- great algorithms
- Offers counter-trends and retrace signals
- Easy-to-work software
- One of the most popular forex robots
- Good feedback from around the internet
- Constantly updated and improved by the company
- Too expensive for some
- Doesn’t teach how to trade forex
I absolutely recommend the Forex Diamond EA Robot for anyone interested in an automated trading system that will actually help you make massive forex trades!
For the price, this system is well worth your money – it should be very easy to make back the money you spend on the robot within the first month, at least.
(NOTE: THIS PRODUCT COMES WITH A 60-DAY FULL MONEY-BACK GUARANTEE)
As I always am with forex robots, I was quite suspicious of how this software would actually perform but found it to be incredibly helpful in identifying trades that I otherwise would not have noticed.
The software is also very easy to understand and you are basically ready to go as soon as you buy the robot.
Yep, that’s my favorite part – as soon as you purchase Forex Diamond it is ready to go.
No long installation times or confusing instruction manuals…
So, if you want to start making more money trading forex today then I suggest you get Forex Diamond now.
The cost of Forex Diamond is usually $297, but if you buy through my affiliate link it is a one-time purchase of $237 (you get a 20% discount):
If you purchase from that link and send me proof (message me on my About Page) I will send you over my full guide on How To Properly Use Forex Robots To Make 5x The Profits.
I usually sell this guide to my subscribers for a price of $37, but will send it to you free of charge should you choose to buy Forex Diamond through my link. (remember to send proof!)
With Forex Diamond Robot and my Forex Robot Guide, you will be rich in no time.
Since this product comes with a 60-day full refund if you don’t like it or it doesn’t work for you, you really cannot go wrong with buying this robot.
Thanks for reading my Forex Diamond review.
Learn to Trade Forex
Although forex robots are fantastic for beginner forex traders, they will not actually teach you how to trade forex.
In my opinion, the best way to dive head-first into forex trading and start making money ASAP is by combining a forex robot with a program that will actually teach you how to make profitable trades.
If you are interested in learning how to make big forex trades, head over to our Forex Mentor Pro 2.0 Review to read about a mentorship program that will take you from beginner to pro in a matter of weeks.
Also, if you haven’t already, make sure to grab your Free Forex Trading Fortunes PDF below.[convertkit form=1499651]
Is Forex Diamond easy to use?
Forex Diamond has easy-to-use software and offers a ‘Quick Strategy Guide’ to help users learn how to use the system to make profitable forex trades.
How do you install Forex Diamond?
Forex Diamond comes with an easy-to-install wizard that does the installatio for you.
Can Forex Diamond be used with any broker?
Forex Diamond can be used with any broker that trades with MetaTrader4 (MT4) or MetaTrader5 (MT5).
How much money do I need to trade with Forex Diamond?
The more money the better, but you can start with as little as $100.
Is Forex Diamond good for beginners?
Forex Diamond is great for beginners, since it helps users make trades that they otherwise miss.
I’m a full-time forex trader, happily making money from the comfort of my own home.
I help others find financial freedom and success with forex trading.