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FOREX DIAMOND EA MT4 – Full Input Settings Analysis
Forex Diamond EA is a proven expert advisor that employs both trend and counter-trend strategies to generate reliable returns. Having been used by over a thousand traders ever since its release, Forex Diamond EA is special in providing wise trading logic, money management, and the capability to operate under most market conditions.
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General Settings
- LongTrades / ShortTrades: true – EA trades both Buy and Sell orders.
- Overridden in EA.
ManualGMT_Offset: 2, DST_Usage: EU_DST – GMT+2 server time with European daylight saving. - Slippage: 2.5 – Highest permissible price slippage.
- MaxOrders_Total: 5 – Up to 5 trades can remain open at any given time.
- StealthMode: false – SL and TP levels are visible to the broker.
- No_Hedge: false – Hedging is allowed.
- NFA: true – NFA rules prohibit; trades contrary to Buy/Sell are not allowed.
Signal Settings
- Signal Status: All three signals are active (Signal_X = true).
- Recovery Mode: Disabled (RecoveryMode_X = false) – No loss recovery features.
- Auto Money Management: Active (AutoMM_X = 0.5, max 10%) – 0.5% risk per trade, max 10%.
- Trade Frequency: 0 – No delay time between trades.
- Max Orders per Signal: 3 – Max 3 trades per signal.
- Global Order Limit: 5 – Although a total of 9 orders can be opened for signals, a global limit of 5 is more suitable for strong signals.
Advanced Settings
- Expert Settings
- ExecuteOnEveryTick: Process not on each tick, EA works on internal logic.
- CloseOnlyOnProfit: Close orders even if total position is in loss.
- TakeProfit / Min_StopLoss / Max_StopLoss = 0: Do not apply fixed TP and SL; dynamically adjusted by EA.
- Protection Settings
- Max Open Lots: 0.0 → Unlimited open orders.
- Max Daily Loss / Drawdown: 0.0 → Do not activate daily capital protection.
- Min / Max Equity: 0.0 → Do not use account protection limit on balance.
- Randomization Settings
- RandomizeExit: false → Don’t randomly close positions.
- SL/TP Range: 5 pips → SL and TP fluctuation range (only if random is on).
- RandomizeEntry: false → Don’t randomly open positions.
- Random Open Time: 60 seconds → If set, the order opening time can be a maximum of 60 seconds different at random.
- Open Price Deviation: 1–5 pips → Accept the opening order price deviation within the above range.
Key Takeaways
- Trend-Retrace Strategy: Profits in stable trend markets with pre-set, pre-defined parameters, taking aggressively profits achieved with conservative risk control.
- Countertrend Strategy: Anticipates likely market reversals and adjusts trading parameters dynamically to profit from high-yield short-term countertrends.
- Scalping Strategy: Places low-spread, high-speed trades in very volatile markets using a dynamic, adaptive system that calculates entries and exits dynamically for optimal effectiveness and precision.