Global Prime
Viewing 9 reply threads
  • Author
    Posts
    • #244605
      User AvatarTrader 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!

    • #249825
      User Avatarpaul4x
      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?

      • #252195
        User AvatarTrader 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

        • #252337
          User Avatarpaul4x
          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.

    • #249996
      User Avatarpaul4x
      Participant

      do we have a set file for this EA?

    • #251601
      User AvatarJ 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).

       

      • #251733
        User AvatarAlan Northam
        Moderator

        Hi J Lone,

        To change the next higher level of risk just double the lot size.

        Alan,

    • #251801
      User Avatarpaul4x
      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?

       

      • #251926
        User AvatarAlan Northam
        Moderator

        Hi paul4x,

        Did you click on the OK button?

        Alan,

    • #252196
      User AvatarTrader 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.

       

    • #252197
      User AvatarTrader 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.

    • #252206
      User AvatarJ Lone
      Participant

      Last week till just now, have been suffering quite a bit of losses from USDJPY. Is this due to signal 2?

      • #252332
        User Avatarpaul4x
        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.

        • #252435
          User AvatarJ 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.

          • #253048
            User AvatarTrader Matt
            Moderator

            Sorry to hear J Lone.

            Great idea. I can put that to the developers for an update.

             

      • #253047
        User AvatarTrader 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.

        • #253569
          User AvatarJ Lone
          Participant

          Its a combination of both Signal 1 and signal 3…..

          • #254274
            User AvatarTrader Matt
            Moderator

            Hey J, Our FD accounts have taken a fair beating aswell.

    • #254275
      User AvatarJ 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.

    • #256406
      User AvatarRichard 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

Viewing 9 reply threads
  • You must be logged in to reply to this topic.
Shopping Cart