Petko AleksandrovMost EA reviews you’ll find online are built on demo accounts or vendor claims alone. This one is different. I’ve been running Forex Diamond EA on a real $200 live account for just under 50 trading days, and the results are genuinely worth discussing.
This review covers my live account performance, the three-strategy structure inside the robot, the vendor’s long-running track record, and an honest breakdown of pricing, risk, and what to expect going forward.
Forex Diamond EA Quick Summary
Forex Diamond EA is a forex expert advisor developed by FXAutomater that trades GBP/USD and USD/JPY on the M15 timeframe using three independent strategies simultaneously.
My live $200 account with BlackBull Markets produced $102.36 net profit in under 50 trading days, above 50% total gain. The vendor’s live account has been running since April/May 2019, showing above 287% total gain with no losing months so far in 2024.
| Feature | Detail |
| Developer | FXAutomater |
| Pairs traded | GBP/USD and USD/JPY |
| Timeframe | M15 |
| Number of strategies | 3 (with separate magic numbers) |
| Live account starting balance | $200 (BlackBull Markets) |
| Live account net profit | $102.36 after commissions and spreads |
| Live account total gain | Above 50% in under 50 trading days |
| Overall profit factor | 1.87 |
| Strategy 1 profit factor | 1.77 |
| Strategy 2 profit factor | 2.10 |
| Strategy 3 profit factor | 2.38 |
| Pair exposure breakdown | GBP/USD 71.2%, USD/JPY 28.8% |
| Vendor account start | April/May 2019 |
| Vendor total gain | Above 287% |
| Price | $297 (discounted from $487) |
| Money-back guarantee | 60 days |
| License included | 1 real account + several demo accounts |
| Recommended broker | BlackBull Markets Standard Account |
What Is Forex Diamond EA?
Forex Diamond EA is an automated forex trading system developed by FXAutomater. It trades two currency pairs, GBP/USD and USD/JPY, on the M15 timeframe, and what makes it structurally interesting is that it runs three separate trading strategies simultaneously within a single expert advisor. Each strategy has its own signal settings and magic number, meaning they operate independently of each other.
That three-strategy setup is actually one of the more appealing aspects of the robot. Rather than putting all risk into a single approach, the EA spreads exposure across three different signal sets, each of which has shown a different profit factor in my live testing. Whether you think of it as diversification or redundancy, it does mean a bad period for one strategy doesn’t necessarily drag down the whole account the same way it would in a single-strategy system.
The trading style sits somewhere between scalping and short-term swing trading. Trades open and close on the M15 chart, but positions are typically held for a few hours, sometimes a bit longer. That holding window is important for broker selection, which I’ll get to shortly.
Forex Diamond EA Live Account Results
I funded the account with $200 through BlackBull Markets on the 20th of February. Trading actually started a few days later on the 25th, so the active trading window is under 50 days at the time of this review, 58 calendar days total, but fewer actual trading days.
Results after that period:
- Gross profit: $103.77 (after commissions and spreads)
- Net profit: $102.36 – the very small difference between these two figures is a direct result of using a no-commission standard account
- Total gain: above 50% on the $200 starting balance
- Effective return: more than 1% per trading day
The balance curve shows an interesting pattern worth noting. Early on there was steady growth, then a drop and a sideways period, followed by a more consistent upward move recently. That kind of non-linear progress is entirely normal for a non-martingale system. It’s not a straight line, and it shouldn’t be expected to be.
Strategy-Level Breakdown
Looking at the individual performance of each strategy within the EA:
- Strategy 1 profit factor: 1.77
- Strategy 2 profit factor: 2.10
- Strategy 3 profit factor: 2.38
- Overall combined profit factor: 1.87
All three are profitable. The variation between them is interesting. Strategy 3 is performing noticeably better than Strategy 1 at this stage, though it’s too early to draw firm conclusions about whether that gap will persist. What matters is that none of the three is dragging the overall account into loss.
Forex Diamond EA Vendor Track Record
The vendor publishes a live-checked account on their website, meaning the data updates in real time rather than being a static screenshot. This matters for credibility. A live-checked account is harder to manipulate than a fixed image, and I’ve compared the trades against my own live account results, confirming they match.
The vendor’s account started with $490 Australian Dollars in April or May 2019. Since then:
- Total gain: Above 287%
- 2024: No losing months recorded so far
- 2023: Some profitable months, some losses, which is normal for a non-martingale system
- 2022: Mostly profitable with one negative month in September, recovered by a strong December
- 2021: Losing months present but outnumbered by profitable ones
This is what a legitimate, non-martingale track record actually looks like. It’s not a smooth curve. There are losing months scattered throughout, and that’s expected. A robot that shows nothing but green months across six years should prompt scepticism, not confidence. The presence of losing periods, followed by recovery, is a sign the system isn’t hiding risk through dangerous compounding techniques.
One practical note from the track record: had I started trading in November of the prior year, the experience would have been profitable throughout, with no losing months encountered. That’s partly timing and partly market conditions at the time. Not something you can plan for, but worth knowing.
Three Strategies, One Robot: Why the Structure Matters
It’s worth spending a moment on why the three-strategy architecture is significant, because it’s not something every EA offers.
Most automated trading systems run a single set of entry and exit rules. When market conditions move against that approach, the whole account suffers. Forex Diamond runs three independent signal sets simultaneously, each governed by different logic and tracked separately. The practical result is visible in the profit factor figures: Strategy 3 at 2.38 compensates for the lower figure from Strategy 1 at 1.77, producing a combined outcome of 1.87 that none of the individual strategies would guarantee alone.
This also means that even if one strategy hits a difficult patch, the other two continue working. It’s not a guarantee against drawdown; no multi-strategy system is immune, but it does reduce the concentration risk that comes with single-approach robots.
Broker Choice: Why Fast Execution Matters Here
I’ve been using BlackBull Markets for this account, and the selection wasn’t arbitrary. For a robot trading on M15 with holding periods of a few hours, execution speed and spread cost are both important factors.
I specifically chose the standard account because it carries no commission. Spreads start from 0.8 pips, and the difference between my gross profit and net profit was minimal as a result. That gap between the two figures is a practical demonstration of how broker costs affect real returns.
When a broker charges per-lot commissions on top of spreads, the net profit column can look dramatically worse than the gross figure — something worth checking carefully before choosing where to run any scalp-adjacent EA.
For traders planning to fund a larger account, BlackBull also offers an ECN Prime account with lower spreads and per-trade commission, potentially better value at higher lot sizes where the commission-to-spread trade-off works in your favor.
BlackBull operates across multiple platforms including MetaTrader 4, MetaTrader 5, TradingView, cTrader, and their own copy trader tool. For EA trading, MT4 and MT5 are the relevant options. The broker carries multiple regulatory licenses, which is always worth verifying before depositing.
My strong advice: always start on a demo account with any expert advisor, regardless of how good the live results look. That applies to Forex Diamond EA as much as anything else.
Pricing, Licensing, and the 60-Day Guarantee
At $297 (discounted from $487 at the time of recording), Forex Diamond sits in the mid-range of EA pricing. The license includes one real money account and several demo accounts.
The 60-day money-back guarantee is worth highlighting specifically because it’s not common in this space. Most EA vendors offer 30 days if they offer anything at all, and as covered in other EA reviews, some of those 30-day policies come with restrictive conditions. A 60-day guarantee with fewer apparent restrictions gives buyers a more realistic window to test the robot on a small live account and form a genuine view before the option to request a refund expires.
On a $200 starting account, recovering the $297 purchase price will take a few months at the current return rate. That’s worth factoring into the decision. This isn’t a robot where the license pays for itself in a week on a small account. The realistic path is: demo first, then a small live account like the $200 setup I’ve been using, then a larger account once the performance has been confirmed across both stages.
That three-step process is how responsible EA testing works in practice. It’s slower than deploying full capital immediately, but it protects against the scenario where the robot behaves differently in live conditions than it did on demo.
Forex Diamond EA Pros and Cons
What Works in Its Favor
- Three independent strategies: Risk is spread across different signal sets, each with its own profit factor; no single approach carries the whole account
- Verified vendor track record: Live-checked account running since 2019, over 287% total gain, with trades confirmed to match my independently tested live account
- Strong live account result: Above 50% profit in under 50 trading days on a real $200 account is a meaningful real-world data point
- Not a martingale or grid system: Losses are part of the normal pattern, which is far safer than systems that hide risk through compounding position sizes
- 60-day money-back guarantee: More generous than most EA vendors offer, giving adequate time to test properly
- No commission standard account option: Allows clean profit tracking with minimal gap between gross and net returns
What to Keep in Mind
- Under 50 days of live data: My live account results are promising but still early; more time is needed before drawing firm long-term conclusions
- Single real account license: At $297, you get one live account activation; traders wanting to run it across multiple brokers simultaneously will need to consider that limitation
- GBP/USD dominates at 71.2% of exposure: The robot is heavily weighted toward one pair, which means GBP behavior significantly influences overall performance
- Losing months are expected: The vendor’s six-year track record shows losing months in 2021, 2022, and 2023; anyone starting at the wrong time may experience drawdown before recovery
- Requires a fast-execution broker: The M15 timeframe with multi-hour holds still benefits from good execution quality; broker choice directly affects real returns
Final Verdict: Is Forex Diamond EA Worth Testing?
I think Forex Diamond EA is one of the more credible options currently available in this category, and the combination of a six-year vendor track record and independently verified live account results gives it more substance than most robots that appear on the market. The three-strategy architecture is a genuine structural advantage, and a 1.87 combined profit factor on a live account after under 50 days of trading is a solid early result.
The caveats are real. My live account is still young. The $297 license cost takes time to recover on a small account. And the single-license model limits how broadly you can deploy it without additional purchases. But for traders who are serious about a disciplined, step-by-step testing process — demo first, small live second, scale up third — Forex Diamond EA is one of the best expert advisors to consider right now.
The 60-day guarantee provides enough time to run that process properly. Use it.
Where to Find Full Results and Get Started
Current live account performance, setup guidance, and broker details are available on the Forex Diamond EA page at Algo Trading Space. Results are tracked and updated there as my testing continues.
For access to all actively monitored expert advisors, including live and demo accounts ranked by real performance, the Algo Trading Space VIP Club is worth exploring. Members get exclusive access to my trading results before they’re published publicly, early insights on new robots under review, and priority support when setting things up.
Frequently Asked Questions
What is Forex Diamond EA and how does it work?
Forex Diamond EA is an automated forex expert advisor developed by FXAutomater that trades GBP/USD and USD/JPY on the M15 timeframe. It runs three independent trading strategies simultaneously, each with its own signal settings and magic number. This structure provides risk diversification across different signal sets.
Trades are typically held for a few hours, making it similar to a scalper in timeframe but slower in execution than a true tick scalper. The vendor’s live-checked account has been running since April/May 2019, showing above 287% total gain.
What were the Forex Diamond EA live account results?
My live $200 account with BlackBull Markets produced $102.36 in net profit after commissions and spreads in under 50 actual trading days, a total gain above 50%. The overall profit factor came in at 1.87, with individual strategy profit factors of 1.77, 2.10, and 2.38, respectively.
The account is heavily weighted toward GBP/USD at 71.2% of total exposure, with USD/JPY making up the remaining 28.8%. The vendor’s trades were cross-referenced against my live account and found to match, confirming the vendor’s track record is trustworthy.
Is Forex Diamond EA a martingale or grid system?
No. Forex Diamond EA is not a martingale or grid trading system. The vendor’s six-year track record includes losing months in 2021, 2022, and 2023, which is normal behavior for a system that doesn’t use compounding lot sizes to hide losses. Martingale and grid systems often show suspiciously smooth equity curves until they don’t, and then they fail catastrophically.
The presence of losing months on the Forex Diamond track record, followed by recovery, is actually a sign of a more sustainable underlying trading strategy rather than one masking risk.
What broker works best with Forex Diamond EA?
I used BlackBull Markets for my live account tested in this review, specifically the standard account with spreads from 0.8 pips and no commission. The no-commission structure keeps the gap between gross and net profit minimal, which matters for a robot trading multiple times on M15.
For larger accounts, BlackBull’s ECN Prime account offers lower spreads with per-trade commission, which may produce better net results at higher lot sizes. Any regulated broker with fast execution, competitive GBP/USD and USD/JPY spreads, and MetaTrader 4 or 5 support should work.
How much does Forex Diamond EA cost, and what does the license include?
At the time of recording, Forex Diamond EA was priced at $297, discounted from $487. The license includes one real money account activation and several demo accounts. The vendor offers a 60-day money-back guarantee, which is more generous than the 30-day policies common among most EA vendors.
On a $200 starting account at current return rates, recovering the purchase price will take several months. The recommended approach is to start on a demo account, then move to a small live account before committing larger capital.
