Forex Diamond EA for MT4 is a fully automated expert advisor that eliminates emotional trading by providing a smart, hands-free trading solution. Built for MetaTrader 4, this powerful robot combines trend-following, counter-trend, and scalping strategies, optimized for the M15 timeframe on major currency pairs: GBPUSD, EURUSD, USDCHF, and USDJPY.
Designed with adaptive trading logic, dynamic risk control, and self-updating algorithms, Forex Diamond EA is ideal for traders seeking consistent, long-term performance without the need for constant chart monitoring.
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What is Forex Diamond EA?
Forex Diamond EA is a fully automated expert advisor (EA) designed for the MetaTrader 4 (MT4) platform. It’s a multi-strategy trading robot that combines trend-following, counter-trend, and scalping algorithms to deliver consistent and profitable trading results with minimal manual intervention.
Unlike basic trading bots, Forex Diamond EA is equipped with adaptive trading logic, built-in drawdown protection, and self-optimizing algorithms that adjust to changing market conditions. It operates primarily on the M15 timeframe and supports major currency pairs like GBPUSD, EURUSD, USDCHF, and USDJPY.
With over 26 years of backtesting data and features that help pass prop firm challenges, Forex Diamond EA is trusted by both beginner and professional traders looking for a low-risk, high-reward automated trading solution.
📊 Proven Performance:
Backtested over 26 years of historical data, the EA generated over $66 million in net profit on GBPUSD from just a $2,500 initial deposit, showcasing its strong reliability and exceptional profit potential.
Whether you’re preparing for a prop firm challenge or aiming for stable, low-risk returns, Forex Diamond EA stands out with transparent performance, robust money management, and compatibility with all major MT4 brokers.
Vendor Site and Developer Details
Lachezar Krastev, the creator of Forex Diamond EA MT4, is a seasoned expert in automated trading system development with over 12 years of experience in MQL5 programming. His deep knowledge of algorithmic trading and dedication to reliability have made him a respected figure in the Forex automation space.
Krastev is also the developer of several other high-performance Expert Advisors, including:
- 🔸 Forex GOLD Investor EA
- 🔸 Infinity Trader EA
- 🔸 GOLD Scalper PRO
His portfolio reflects a strong commitment to building trustworthy, profitable, and adaptive trading tools tailored for both retail traders and professionals using the MetaTrader platform.
Key Features
- 🔁 3 Independent Trading Systems in One EA
Combines trend-following, counter-trend, and scalping strategies for robust market coverage. - 🧠 Dynamic Trading Logic
Adapts to current market conditions to choose the most effective trading strategy. - 🔄 Self-Updating Algorithm
Automatically adjusts internal parameters to maintain peak performance without manual tuning. - ⚡ High Trading Frequency
Takes advantage of frequent trading opportunities for steady profit generation. - 🎯 Smart SL & TP Calculation
Stop Loss and Take Profit levels are calculated dynamically based on market volatility and trade setup. - 🧩 Minimal Optimization Required
Works effectively with default settings, reducing setup time and risk of overfitting. - 🛡️ High Slippage & Spread Protection
Avoids trading during unfavorable execution conditions, preserving trade accuracy. - 💰 Profit Protection System
Locks in profits with trailing stop and breakeven mechanisms. - 📉 Drawdown Protection System
Monitors and limits losses to safeguard your account balance. - 🎲 Randomization System
Adds variability to trading behavior to help pass prop firm challenges and avoid broker detection.
Trading Specifications
✅ Recommended Timeframe
- M15 (15-minute chart)
Forex Diamond EA is optimized to run on the M15 timeframe, where it performs best with its trend, counter-trend, and scalping strategies.
💱 Supported Currency Pairs
Forex Diamond EA is designed to work efficiently on the following major Forex pairs:
- GBPUSD
- EURUSD
- USDCHF
- USDJPY
These pairs have been extensively backtested and optimized to ensure consistent, low-risk performance
🔁 Backtesting Guidelines
⚡ Fast Backtesting (Quick Check)
- Data Used: M1 (1-minute) data
- Modeling Method: Open prices only
→ Best for quick performance checks or strategy snapshots.
🎯 Accurate Backtesting (Recommended)
- Data Used: M15 data
- Modeling Method: Every tick (with real spreads, slippage, and commission if possible)
→ Provides the most reliable and realistic performance validation.
📌 Tip: Use 99.9% tick data with a good backtesting tool like TickStory or Dukascopy historical data to ensure proper strategy modeling.
⚙️ Recommended Settings
- Use Default Settings:
The default configuration is already optimized for all supported pairs, so there is no need for manual tuning.
Performance Overview & Verified Results
How to Install and Set Up
Below is a breakdown of the most important input parameters for configuring the Forex Diamond EA on MetaTrader 4:
🔁 Trade Direction Controls
- LongTrades – true/false
Enables or disables long (buy) trades. - ShortTrades – true/false
Enables or disables short (sell) trades.
🕒 GMT & DST Settings
- AutoGMT_Offset – true/false
Set to true to let the EA automatically detect your broker’s GMT offset.
Set to false only if you wish to enter it manually using ManualGMT_Offset. - ManualGMT_Offset – integer value
Defines your broker’s GMT offset during wintertime.
This is essential for accurate time-based strategies, especially when AutoGMT_Offset is disabled or during backtesting.
⚠️ Incorrect settings can cause the EA to behave unexpectedly. - DST_Usage – 0, 1, or 2 (dropdown menu)
Tells the EA how to manage Daylight Saving Time (DST):- 0 – Broker does not use DST
- 1 – Broker uses DST
- 2 – DST depends on server or custom settings
📝 General Settings
- EA_Comment – text
An optional comment to label or tag trades in your terminal or trading journal.
💵 Execution Filters
- MaxSpread – numeric (in pips)
The maximum allowed spread (in 4-digit pips). Partial values are accepted (e.g., 1.5). - Slippage – numeric (in pips)
The maximum allowed slippage per order. Accepts partial values.
🔒 Stealth & Regulatory Modes
- StealthMode – true/false
Hides Stop Loss and Take Profit levels from the broker.
⚠️ Risky if your MT4 disconnects—trades won’t be protected unless the EA is running. - NFA – true/false
Enable this mode if your broker is NFA-regulated (e.g., U.S.-based). It limits the EA to one open trade at a time. - No_Hedge – true/false
If set to true, all hedging trades will be canceled or avoided.
📊 Trade Volume Control
- Max_Orders_Total – integer
Sets the maximum number of open trades (across all 3 strategies) at one time.
Pricing & What’s Included
$34.99
- Forex Diamond EA v6.5 (.ex4 file)
The latest stable release of the expert advisor for MT4 — ready to install and run. - Full Step-by-Step Setup Guide
Easy-to-follow instructions to help you install, configure, and launch the EA with confidence — even if you’re a beginner. - Optimized Default Settings
Pre-configured parameters for all supported pairs (GBPUSD, EURUSD, USDCHF, USDJPY) — no extra tuning needed! - Free Lifetime Updates
Stay ahead of the market with continuous performance improvements and compatibility updates at no extra cost.
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