Forex Diamond

Tagged: ea, Forex Diamond, Forex robot, Forexdiamondea

This topic has 19 replies, 5 voices, and was last updated 7 months, 3 weeks ago by Richard Lawrie.

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- March 27, 2024 at 3:43 #244605
  
  Trader Matt
  Moderator
  
  Hi Everyone,
  
  This is to discuss the Forex Diamond robot, parameters and results to see if we can all profit from it and lift everyone up.
  
  Set files can be shared, but please test them first. Your account is your responsibility.
  The set files are not recommendations, just sharing our best results so far. Past results do not indicate future returns.
  
  Let’s go!
- April 19, 2024 at 0:43 #249825
  
  paul4x
  Participant
  
  i am a bit confused on the use custome pair values, i am running gbpusd and eurusd, but it appears EURUSD started copying the trades placed from gbpusd.
  
  The use custome pair value was set to false, so now i have changed to TRUE to see if that mixes it up as i thought the bot would place trades differently for each pair?
  - April 29, 2024 at 4:35 #252195
    
    Trader Matt
    Moderator
    
    Hi Paul4x,
    
    I’m curious, why you’re using EurUsd, when GbpUsd and UsdJpy are recommended?
    
    The EurUsd and GBPUsd are closely related, so makes sense that the same bot would take similar trades on those 2 currencies.
    
    I believe the UseCustomPair setting at False is the default. Have you performed much backtesting for the EurUsd?
    
    Or have you read the setup guide for the robot?
    
    Let us know how you go with the TRUE CustomPair setting. If it’s better, I know I’d love to know.
    
    Warmly
    Matt
    - April 29, 2024 at 20:29 #252337
      
      paul4x
      Participant
      
      its in the download PDF:
      
      Forex Diamond supports GBPUSD, EURUSD, USDJPY and USDCHF currency
      pairs. All four currency pairs show very good backtest performance. However,
      for optimal performance, we recommend to trade on these 2 pairs: GBPUSD,
      EURUSD.
- April 19, 2024 at 22:14 #249996
  
  paul4x
  Participant
  
  do we have a set file for this EA?
- April 25, 2024 at 20:12 #251601
  
  J Lone
  Participant
  
  I got this a moment ago….
  
  I realised all the pairs I can only use the GBPUSD settings in the EA proper
  
  Default risk level is low.
  
  I don;t seem to find a setting that changes it to moderate risk (as per Petco youtube video).
  - April 26, 2024 at 13:07 #251733
    
    Alan Northam
    Moderator
    
    Hi J Lone,
    
    To change the next higher level of risk just double the lot size.
    
    Alan,
- April 26, 2024 at 17:55 #251801
  
  paul4x
  Participant
  
  i hvae tried to change the lot size to a higher amount, however it seems set at 0.03, cant go any higher, tried a 0.1 lot size but kept opening new trades at 0.03?
  - April 27, 2024 at 13:49 #251926
    
    Alan Northam
    Moderator
    
    Hi paul4x,
    
    Did you click on the OK button?
    
    Alan,
- April 29, 2024 at 4:38 #252196
  
  Trader Matt
  Moderator
  
  As per the lot sizes gentlemen, if there’s a value above 0 in the AutoMM_ … setting, like 1, I believe that’s 1% risk. And that will override your lot size entry value.
  
  So if you want to only trade a specified lot size, make sure AutoMM is 0.
- April 29, 2024 at 4:40 #252197
  
  Trader Matt
  Moderator
  
  ALSO, the developer and myself noticed the 20202 system was not profitable, so we’ve changed that “Signal_2” to FALSE.
  
  Which means just 10101 and 30303 are trading.
  
  I hope that helps.
  
  Let me know if you’ve noticed anything different.
  
  Trade safe.
  
  Happy Trading.
- April 29, 2024 at 5:58 #252206
  
  J Lone
  Participant
  
  Last week till just now, have been suffering quite a bit of losses from USDJPY. Is this due to signal 2?
  - April 29, 2024 at 20:05 #252332
    
    paul4x
    Participant
    
    same here for me on usdjpy, also if you look at fxd myfxbook for the usdjpy pair its fown 4%. I am just using the system 1 from now on.
    - April 30, 2024 at 7:45 #252435
      
      J Lone
      Participant
      
      I have totally removed USD JPY from trading with this EA. From last week experience…. I felt the EA should incorporate a rest period when it ecnounters a certain number of consecutive SLs happened. UJ was a disaster last week when both buys and sells layers ends up in SLs. Caused pretty bad damage.
      - May 3, 2024 at 7:11 #253048
        
        Trader Matt
        Moderator
        
        Sorry to hear J Lone.
        
        Great idea. I can put that to the developers for an update.
  - May 3, 2024 at 7:09 #253047
    
    Trader Matt
    Moderator
    
    Hi J Lone, this might be from Signal 2. Check your comments in the closed trades tab. That should tell you. or perhaps your fxblue tracking to see the analysis for each Magic number.
    - May 6, 2024 at 16:09 #253569
      
      J Lone
      Participant
      
      Its a combination of both Signal 1 and signal 3…..
      - May 10, 2024 at 6:34 #254274
        
        Trader Matt
        Moderator
        
        Hey J, Our FD accounts have taken a fair beating aswell.
- May 10, 2024 at 6:41 #254275
  
  J Lone
  Participant
  
  i have now set AUTO MM to zero and fixed lot 0.01 and let it run on demo till its profitable again…… on a side note, Automaters have just released the infinity trader, and it kinda looks to overtake the diamondforex. Looks very promising.
- May 22, 2024 at 12:26 #256406
  
  Richard Lawrie
  Participant
  
  Purchased the Forex Diamond EA through EA Trading academy.
  
  EA performed very poor and has very bad risk to reward.
  
  Have emailed their support team 3 times over the last week and have received no response.
  I have also requested a full refund with the 60 day refund policy/gaurentee and have not received a response.
  
  This is just a warning for those that may be interested in the EA.
  I will remove this comment or update once I have received feedback from their support.
  
  Thank you
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