Today we'll be exploring a brand new expert advisor EA , in fact it's so new that it has not been introduced to the market yet. It has a rather pretentious name — Forex Diamond , and shows some decent results on a forward test, so I've decided to check whether this could be a trader's best friend.

FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK.

Trade Forex with spreads as low as 1. XM is broker with great bonuses and promotions. FxPro is a broker we are particularly keen on: And the best part? With FxPro you get negative balance protection. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

FBS is a broker with cool marketing and promotions. Trading is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well we tried it out and we loved it. One of the rather interesting and new technical systems is the Harmonics Trader.

It operates on the basis of the harmonics market theory, as the name suggests. The system has been running for a fairly short period of time, but a 3 years backtest is also available.

The relatively newly released Minute Profit EA has delivered enormous gains in the short time it has been running. In this review we will showcase the wallstreet-forex. You may have recently heard about them and be deliberating an investment. Be sure to read this review before making an informed decision. You may have heard about Forex Real Profit EA and decided to get more info on them. In this review we will give our honest opinion of their system, their results and most importantly whether we would recommend dealing with the company.

SFE Price action is one of the most expensive EAs in the MQL marketplace. As such it attracted our attention for a review.

We found this to be strange and decided to investigate the system. In this review we will discuss VolcanoFXEA and determine if it is a scam or a legitimate investment opportunity. Metaquotes, the company behind MT4 and MT5 trading platforms, today revealed some statistics of the MetaTrader Market.

Metaquotes, the company behind the most popular forex trading platform, announced today that the new MT4 Build comes with a bundle of new features, including virtual EA hosting. Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz. We do not present any guarantees for the accuracy and reliability of this information.

All textual content on ForexBrokerz. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy. FXTM - Trade with 1: AvaTrade expands its cryptocurrency portfolio with BTCEUR and ETCUSD Apr Software: Trading 's mobile trading app reaches 5 mln. CopyFX changes minimum deposit requirement for forex trading accounts Jun Market: CySEC warns against binary options broker BuzzTrade May Expert Advisors: Forex Diamond Expert Advisor: The Trader's Best Friend?

Nov 26 By Maria Nikolova , Forexbrokerz. In order to get things straight, we'll not be looking at the performance after April 19, as the custom date shows, but we'll be exploring the account since its actual launch on February 2, There is some difference in performance results as a consequence of this switch, but I would not say that it damages the reputation of the robot markedly.

The strategy is a combination of several trading approaches, including scalping and counter-trend trading, with the latter seeking to benefit from short-term trends.

The stop loss and take profit are rather aggressive — something unusual for scalpers, with the stop loss at about minus pips and the take profit at about plus 80 pips. However, the robot usually closes the loss-making positions long before the stop loss level is hit — around minus 40 pips. The profit is also usually smaller than the TP level and does not exceed 20 pips.

The average trade duration is 7 hours 21 minutes, although positions against the trend are sometimes held open for 2 days, while positions opened using the scalping method are held open for not longer than three hours. From the balance chart we can see that the robot had a couple of troublesome moments after its launch, especially in the middle of April when the aggressive SL level was hit a couple of times.

But we can see that after that the performance sharply improved — the trading history shows that the robot started to close loss-making positions at a way more conservative levels in the end of April. This means that the robot is keeping the risks at an acceptable level.

For the skeptics, though, let's mention that the drawdown is nearly continuous and there are hardly periods when it's non-existent. The return-to-drawdown ratio is at 3, which is a fairly decent result, indicating that one can get a nice return in exchange for any investments.

Review: Forex Diamond | Powerful Automated Scalper for MT4 | 14 Years Back Test & 5 Years Live Market Test - Analytics & Forecasts - Traders' Blogs

The hiccup comes from the average pips per trade, which stand at humble 2, showing that the system is highly unstable and that the profits can be easily eaten by spreads and slippage. For that matter, you may want to take a look at our comprehensive list of Forex brokers with ultra tight spreads. The robot shows an excellent ability to survive — it has kept a real account going for some ten months and has delivered nice gains, while keeping the drawdown low.

But those of you who shun systems that are too sensitive to trading peculiarities and market changes, would better stay away from this one. There are relationships that are strictly Platonic, as Marilyn Monroe sang in the famous song. Top Forex brokers More details. Broker Advantages FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms.

More Forex Expert Advisors Reviews. Harmonics Trader Review - Is it scam of good forex system? Jun 06 Minute Profit EA Review - is it scam or good forex system?

Jun 05 May 16 Forex Real Profit EA Review - Is it scam or good forex system? May 15 SFE Price Action EA Review - Is it scam or good forex system? May 12 Vortex Trader PRO EA Review - Is it scam or good forex trading system?

May 11 VolcanoFXEA Review - Is it scam or reliable forex trading system? May 10 Is it reliable forex trading system or scam? May 09 MT4 Now Features Built-In Forex VPS Jul 14 Top Forex Brokers FXTM FXCM HYCM easyMarkets IG XM FxPro FX Choice Windsor Brokers FBS FIBO Group Cyprus Grand Capital TryMarkets EverFX Trading Dukascopy IC Markets OANDA City Index XTB PipIndex Capital Index PhillipCapital UK RoboForex FOREX.

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