Friday, December 6, 2013

Forex Diamond EA V4.0 | New From WSFR!

This post is all about the Forex Diamond EA. Yup here is yet another profitable EA from the folks over at WSFR. This one appears to trade 4 pairs, although the account that is set up is only trading the GBP/USD. Please look below for the updated results.

While the results are not that bad, we can see that the equity reached a high in August and is yet to climax that point to date.

I have to wonder why the WSFR team continues to release new EA's when they have a few good ones under their belt already? Why not just perfect the EA's you already have?

This EA is being promoted as having a much better recovery factor, when compared to the other systems. Still when talking recovery, we must talk martingale as we use higher lot sizes to compensate for losses.


It is interesting to me that the EA was just released and it is already up to Version 4.0. But if I remember correctly WSFR was released at V3.8 and has performed very nicely to date.

There are 99% tick data backtests available on the website. This is a nice improvement over their last releases which included only 90% backtests.

The trading logic or strategy logic is 3 fold. This is explained below;

Market Domination Algorithm #1
Forex Diamond ЕА utilizes its Trend-Retrace Signal Strategy to systematically execute profitable trades. The algorithm patiently applies well-vetted trading parameters to profit from the market trend while safeguarding your Gains.

Market Domination Algorithm #2
Forex Diamond implements its Countertrend Strategy to watch the market for potential trend reversals.
Once an opportunity is detected, Forex Diamond EA dynamically adjusts its trading parameters to maximize the profit potential of each trade.

Market Domination Algorithm #3
Forex Diamond's Countertrend Scalping Strategy leverages small spread trades executed with precision and speed. Forex Diamond's dynamic trading system quickly adjusts your trading parameters to suit even the most volatile markets.

I have high hopes with this one from the WSFR team. I really have like their past iterations. Let's continue to watch this one shall we?

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