Forex Diamond EA MT4 (Official version 1455+)

What is Forex Diamond EA MT4?

Forex Diamond EA MT4 is a reliable and fully automated trading system designed to deliver consistent performance through a unique combination of trend, counter-trend, and scalping strategies. Trusted by thousands of traders, the EA uses smart algorithms, adaptive money management, and dynamic trade execution to perform effectively across various market conditions, including retail and prop firm environments.

Vendor website

About the Developer

• Author: Lachezar Krastev.
• Experience: Over +12 years of experience on MQL5.
• Notable Products: Forex Diamond EA, Forex GOLD Investor EA, Infinity Trader EA, GOLD Scalper PRO and other advisors.
• Flagship Product: Forex Diamond EA MT4 is rated as the best performing product of the year.

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Forex Diamond EA MT4 Overview

Core Features of Forex Diamond EA MT4

• Triple-Strategy Architecture: Combines trend-following, counter-trend, and scalping systems in one EA.
• Dynamic Trading Logic: Automatically adapts parameters based on real-time market conditions.
• Self-Updating Algorithm: Continuously refines internal logic without frequent manual optimization.
• High Trading Frequency: Actively captures opportunities across changing market phases.
• Smart SL & TP Calculation: Dynamically sets Stop Loss and Take Profit based on market behavior.
• High Spread & Slippage Protection: Avoids trading during unfavorable execution conditions.
• Fully Automated Execution: Handles entries, exits, and trade management without user intervention.

Additional Features

• Drawdown Protection System: Prevents excessive losses and helps comply with prop firm risk rules.
• Profit Protection Logic: Secures gains during favorable market movements.
• Trade Randomization System: Adds execution variability to reduce pattern detection by brokers.
• Time Management System: Controls when the EA is allowed to trade during the day.
• Low Optimization Requirement: Designed to perform well using default settings.
• Stealth Mode Option: Hides Stop Loss and Take Profit levels from brokers if enabled.
• Multi-System Order Control: Limits the total number of simultaneous trades across all strategies.

Why Choose Forex Diamond EA MT4?

• Proven and Trusted EA: Widely used and battle-tested by traders worldwide.
• Complete Trading System: Aligns multiple strategies under one unified trading logic.
• Prop Firm Compatible: Suitable for FTMO, funded accounts, and proprietary trading firms.
• Balanced Risk and Performance: Focuses on steady growth with intelligent protection systems.
• Flexible Configuration: Offers advanced parameters for experienced traders to fine-tune behavior.
• Retail and Professional Friendly: Works for both individual traders and institutional-style accounts.
• Designed for Reliability: Prioritizes consistency, execution quality, and long-term performance.

Forex Diamond EA MT4 Backtest Results

🔺 GBPUSD – 26 years

• Initial Deposit: $2,500
• Total Net Profit: $66.363.585,10
• Win Rate: 82.69%
• Maximal Drawdown: 4.13%

Forex Diamond EA Backtest Results

🔺EURUSD – 26 years

• Initial Deposit: $2,500
• Total Net Profit: $56,235,70
• Win Rate: 77.60%
• Maximal Drawdown: 6.49%

Forex Diamond EA Backtest Trading Results

🔺EURUSD – 26 years

• Initial Deposit: $2,500
• Total Net Profit: $63.173,44
• Win Rate: 80.50%
• Maximal Drawdown: 3,10%

Forex Diamond EA MT4 Backtest Trading Results

Real User Reviews and Feedback

🔺Forex Diamond EA is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

User Reviews

What’s Included in the Download Package?

• Experts: Forex Diamond EA v6.5_fix.ex4

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How To Set Up EA

🔻Forex Diamond EA is an advanced, automated trading robot for the MetaTrader 4 (MT4) platform, designed for speed, precision, and reliable performance using a combination of trend and countertrend strategies. Proper installation and configuration are essential for optimal results.

Forex Diamond EA setting

Step 1: Installation on the MT4 Platform

🔺You will need your EA file (.ex4 or .mq4 extension) downloaded from the official member zone. 

1. Open MetaTrader 4: Launch your MT4 desktop terminal.
2. Access the Data Folder: Go to the top menu and click File > Open Data Folder.
3. Navigate to the ‘Experts’ Folder: In the new folder window, open MQL4 > Experts.
4. Copy the EA File: Paste your Forex Diamond EA file(s) into this Experts folder.
5. Restart MT4: Close and restart your MT4 platform so it can recognize the newly added file. Alternatively, right-click on Expert Advisors in the Navigator window and select Refresh. 

Step 2: Activating and Configuring the EA

🔺The developer recommends using the 15-minute timeframe (M15) for this EA on currency pairs like EURUSD and GBPUSD. 

1. Enable AutoTrading: Click the AutoTrading button on the top toolbar of your MT4 platform. It should turn green.
2. Attach to a Chart: From the Navigator window, drag the Forex Diamond EA onto the desired currency pair chart.
3. General Tab Settings:
   • Ensure the box for Allow live trading is checked.
   • If using specific broker features that require it, check Allow DLL imports.
4. Inputs Tab Settings: Adjust the parameters to align with your risk tolerance. Key settings often include:
   • MaxSpread: Default setting in the image is 2.5.
   • Slippage: Default in the image is 0.5.
   • NFA/No_Hedge: Default is false for both.
   • Max Orders Total: Limits the total number of open trades; default is 5.
   • Magic Numbers: Ensure each instance of the EA on a different chart uses a unique Magic Number (e.g., 10101, 20202, 30303 for different signals) to avoid conflicts.
   • Recovery Mode: This algorithm helps compensate for drawdown by adjusting trading volumes.
   • Money Management: Choose between Fixed Lots or AutoMM (Automatic Money Management) based on a percentage of equity.
5. Confirm: Click OK to save your settings. A smiling face icon in the top-right corner of the chart indicates the EA is active and working. 

Step 3: Account Activation & Optimization

• Online Activation: You need to log in to the official member zone on the Forex Diamond website to activate your demo and real account numbers.
• Optimal Conditions: The EA performs best with brokers offering low spreads (ideally below 30 points) and minimal slippage. Using a Forex VPS is highly recommended for uninterrupted 24/7 operation and reduced latency. 

🔺Following these steps will help you properly install and configure the Forex Diamond EA.

Conclusion

In summary, Forex Diamond EA MT4 is a proven and highly reliable automated trading system that delivers consistent results by intelligently combining trend-following, counter-trend, and scalping strategies into a unified solution. With advanced features such as loss protection, intelligent Stop Loss and Take Profit calculations, spread and slippage filters, and logic friendly to professional trading firms, Forex Diamond EA MT4 is suitable for both individual traders and professional accounts. Supported by long-term test data, positive user reviews, and minimal optimization requirements, Forex Diamond EA MT4 stands out as a reliable choice for traders seeking a balanced, flexible, and long-term automated trading solution on the MT4 platform.

>>> Reviewed by Jason Stap <<<