Our Verdict: High risk
May trade profitably for long stretches, but its risk structure or evidence base can cost far more than a normal losing month.
Forex Diamond EA Review
Is Forex Diamond EA a scam or does it work? Our evidence-scored review, with the reasoning shown.
Our Verdict
Forex Diamond EA scores 29/100 and lands in the High risk band. The product may trade profitably for long stretches, but the structure of its risk, its evidence, or its vendor accountability means a single adverse period can cost far more than a normal losing month.
How we scored this robot
Every robot is scored against the same six criteria, each from 0 to 10, then weighted into a score out of 100. The reasoning is published so you can disagree with it.
| Criterion | Score | Why |
|---|---|---|
| Live track record | 2/10 | Marketing always leaned on multi-year backtests rather than a live account, and there is now no vendor site on which to publish one. |
| Honesty of results | 3/10 | Long backtests over a fixed historical window were the headline evidence, which is the weakest form of evidence a robot can be sold on. |
| Risk method | 6/10 | Core logic used stop losses, though the optional recovery mode reintroduced averaging risk if enabled. |
| Vendor transparency | 1/10 | forexdiamond.com redirected to a HugeDomains sale listing when checked on 9 August 2026, and archive snapshots show it already parked in July 2025. |
| Commercial terms | 1/10 | The advertised money-back guarantee has no counterparty left to honour it. |
| Independent community signal | 3/10 | A long tail of affiliate reviews still ranks and still presents the product as purchasable. |
Disqualifying findings
These findings cap the verdict regardless of the numeric score.
- Vendor has disappeared or support is dead
- Evidence is backtest only, with no live account
Live track record
Forex Diamond EA points to results on Myfxbook, but the account is not fully verified, is not continuously updating, or does not clearly correspond to the version currently on sale. Treat it as marketing material rather than evidence until you can confirm otherwise.
- Months live
- Not published
- Max drawdown
- Not published
- Account type
- unknown
How the strategy works
Forex Diamond EA is a Multi-strategy system running on MT4, MT5, trading EURUSD, GBPUSD, USDJPY on M15. Strategy type matters less than loss structure: what determines whether a robot survives is what it does when it is wrong.
Forex Diamond EA closes losing trades with a stop loss rather than averaging into them. This is the single most important structural safety property a robot can have: losses are realised while they are small, and no single trade sequence can consume the account.
Pros
- Default configuration used stop losses rather than averaging.
Cons
- The official domain is now a HugeDomains sale listing, so there is no vendor, no updates and no support.
- Headline evidence was always backtest rather than continuously updating live results.
- Optional recovery mode undid the main safety property of the product.
Red Flags
- Vendor domain is parked for sale while affiliate pages continue to promote the product.
- Backtest-led marketing that was never backed by an equally prominent live account.
- An advertised money-back guarantee with no remaining counterparty.
What the vendor claims
- Advertised three strategies in one product with a recovery mode.
- Marketed long-term backtest results across many years.
- Stated that a money-back guarantee applied.
What you must verify yourself
- The guarantee is unenforceable: forexdiamond.com is now a HugeDomains sale listing.
- Confirm that any site still selling this name is the original vendor before paying, because the original domain is gone.
- Assume the recovery mode question can no longer be answered by support, because there is no support.
Before you buy
- Do not buy this from a reseller; a backtest-only product with no vendor behind it has no route to support or refund.
- Kept in the catalog as a worked example of backtest-led marketing outliving the vendor.
- Run the robot on a demo account with your intended broker for at least one full month, including a high-impact news week.
- Compare your own spread and commission during the robot trading window against the account the vendor publishes.
- Find the maximum lot size the robot can reach and confirm your balance survives that exposure moving against you.
- Confirm whether the strategy uses a hard stop loss on every position, in the settings file rather than in the sales copy.
- Budget for a VPS: a robot that misses its window because your machine slept is a robot that trades a different strategy.
- Never run a new robot on money you need, and never scale up after one good month.
Frequently Asked Questions
Is Forex Diamond EA a scam?
Our verdict is High risk, from a trust score of 29/100 across six published criteria. That verdict is about the evidence and the commercial structure, not about whether the software runs. Read the trust score breakdown above to see exactly which criteria drove it.
Does Forex Diamond EA actually work?
It depends what "work" means. Most robots in this category do place trades and can be profitable for a period. The question that matters is what happens during the worst period, and whether the results shown to you were produced under execution conditions you can actually obtain at your own broker.
How much does Forex Diamond EA cost?
The advertised price is $297 one-time. The licence price is rarely the real cost: add a VPS, the minimum deposit the strategy genuinely requires ($1,000), and the spread and commission the strategy pays away on every trade.
Does Forex Diamond EA use martingale or grid trading?
No. Forex Diamond EA closes losing trades with a stop loss instead of averaging into them. Averaging strategies do not remove losses, they postpone and concentrate them, which is why they can show many profitable months before a single very bad one.
What broker do you need to run Forex Diamond EA?
The vendor conditions to check are: Low-spread account; VPS for continuous operation; Broker permitting counter-trend entries around session transitions. Robot results are far more broker dependent than most buyers expect, and a strategy that is profitable on a raw-spread account can be unprofitable on a standard account trading the same signals.
Does Forex Diamond EA have a verified Myfxbook or MQL5 track record?
Not reliably. Results are pointed at on Myfxbook, but the account is not fully verified or not clearly current. A verified account proves the trades happened. It does not prove the account was traded at retail size, on retail execution, or with the version currently on sale.
Can you lose money with Forex Diamond EA?
Yes. Every automated strategy can lose, and leveraged forex trading can lose more than the licence fee many times over. Treat any robot as risk capital you can afford to lose entirely, regardless of the track record attached to it.