Expert Advisor Review

Forex Diamond EA Review MT4/MT5

Not Recommended MT4/MT5 GBPUSD, EURUSD, USDCHF, USDJPY $267 (regular $547) Verified 9 Oct 2026

The Bottom Line

The Robotic Trader's verdict: Forex Diamond EA is Not Recommended. The vendor's own real-money account, which ran for more than six years, made a profit factor of 1.01 and a 61.55% drawdown, and has been deleted from Myfxbook; the account that replaced it is 15 months old and owes most of its profit to one month.

The long record exists, and it is weak. Forex Diamond EA is sold by FXAutomater, the vendor of Forex GOLD Investor, and has been on sale since at least 2013. From March 2019 the vendor ran it on a real-money IC Markets account and, in May 2024, marketed that account on the sales page as its "REAL-MONEY ACCOUNT". By November 2025 the account had closed 14,270 trades at a profit factor of 1.01, with a 61.55% maximum drawdown and an absolute gain of 7.07%; swap charges of A$357.43 were larger than its whole profit. Myfxbook now reports that account as deleted.

The replacement is short and uneven. The account the sales page shows today opened on 18 June 2025, the day the vendor released version 6.5 with "full optimization for current market conditions". It is real money and verified by Myfxbook, and its risk control is sound: every trade we read was 0.01 lots with a stop loss. But after about 15 months it shows a profit factor of 1.10, a 21.71% drawdown against the 3.62% the sales page quotes from a backtest, and 59% of its profit came in March 2026 alone.

The sales page overstates the evidence. Two of the three accounts it labels "LIVE PERFORMANCE Verified by MyFxbook!" are demo accounts, and it says its 40+ recovery factor "means that the EA earns 40X more money than it loses", a claim its own backtest profit factor of 1.21 contradicts. We also tested the default settings against FTMO's rules on FTMO's own data, because the sales page says "Prop Firm (FTMO) Compatible". It failed.

This verdict rests on the vendor's own six-year record, not on a lack of data. The strongest point in the product's favour is that the deleted account ran versions before 6.5; if the current account reaches 24 months with a stronger edge, we will test it again. What would change our verdict is set out in the disclosures below.

Methodology
ⓘ

Evaluation Methodology

This review was conducted under our Track 1 framework, which applies where an Expert Advisor has a live record monitored by a third party. Forex Diamond EA has one current real-money account on Myfxbook, with its track record and trading privileges verified by Myfxbook. The same account is published as MQL5 signal 2379493, so the two are one record, not two. The vendor's other two current accounts are demo accounts, which we record and discount.

We read all 2,517 trades in the current account's history and checked them against Myfxbook's own totals. They match to the cent, and our balance drawdown matches Myfxbook's 21.71%. We read the vendor's deleted real-money account from an archived copy of its Myfxbook page dated 7 November 2025, and the vendor's earlier sales page from an archived copy dated 24 May 2024, both held by the Internet Archive. We also read the current sales and affiliate pages, both MQL5 listings with their release notes, reviews and comments, and ForexPeaceArmy.

Separately, we ran a Track 3 prop firm conformance test: the free MQL5 demo, on the vendor's default settings, in the Strategy Tester logged into an FTMO Free Trial, so that the prices, spreads and commission were FTMO's own. How those tests work, and the criteria we apply to every review, are set out in our methodology. Among them: a drawdown materially larger than the marketing implies is an automatic fail.

Note: live data in this review is a dated snapshot. The Myfxbook accounts, the full trade history, the sales page and the MQL5 listings were read on 9 October 2026, and the FTMO test was run on 9 October 2026. They are not a live feed. Figures for the deleted account come from the Internet Archive's copy dated 7 November 2025, the latest one available.

The Accounts Behind the Claims

The vendor's current real-money account, and the one it replaced. Current figures were recorded by us on Myfxbook on 9 October 2026.

Verified real money — current

Forex Diamond EA REAL

Recorded: 9 October 2026
2,517
Total Trades
79%
Win Rate (1,988 of 2,517)
1.10
Profit Factor
A$1.52 / −A$5.25
Average Win / Loss
+53.56%
Absolute Gain
21.71%
Maximum Drawdown
Account typeReal, AUD — IC, 1:500, MetaTrader 4; also published as MQL5 signal 2379493
VerificationTrack record and trading privileges both verified (Myfxbook)
RecordA$500 deposited on 18 June 2025; first trade 25 June 2025; trading to 9 October 2026, about 15½ months. Balance A$767.80
FundingOne deposit and no withdrawals, so the gain figure is not distorted by cash flows
Drawdown by balance / equity21.71% by balance, from A$598.29 to A$468.41 on 26 January 2026 (Myfxbook, matching our count from closed trades); 3.72% by equity (MQL5 signal)
Where the profit came fromMarch 2026 made A$158.04 of the A$267.80 total, 59%. The first eight months, June 2025 to January 2026, made A$23.16
Monthly rangeFrom −14.44% (April 2026) to +28.72% (March 2026), against each month's opening balance (our count, matching Myfxbook)
PayoffAn average loss is about 3.5 times an average win, so the account needs a win rate of about 77.5% to break even. It wins 79%
CostsSwap (interest) −A$89.54 against A$267.80 profit (Myfxbook)
PairsGBPUSD 1,944 trades, +A$138.00; EURUSD 573 trades, +A$129.80
Lot sizes0.01 lots on all 2,517 trades, each with a stop loss (35 to 169 pips) and a take profit (70 to 80 pips)
Best / worst trade+A$11.36 (23 March 2026) / −A$18.84 (28 July 2025)
View on Myfxbook →
Real money — deleted

Forex Diamond REAL MONEY

Recorded: archived copy, 7 November 2025
14,270
Total Trades
1.01
Profit Factor
+7.07%
Absolute Gain
61.55%
Maximum Drawdown
Account typeReal, AUD — IC Markets, 1:500, MetaTrader 4
RecordFirst trade 7 March 2019; the vendor set Myfxbook's statistics to start on 8 April 2019; data to 8 November 2025, more than six and a half years
Money in and outA$3,354.64 deposited, A$2,502.85 withdrawn, balance A$1,059.77; profit A$235.20 after swap of −A$357.43
Gain figuresMyfxbook's time-weighted gain is +60.95%; its absolute gain, which counts the money actually deposited, is +7.07%
PayoffAverage win 11.67 pips / A$1.77 against an average loss of −28.42 pips / −A$4.62
How it was marketedOn 24 May 2024 the sales page linked it as "Forex Diamond EA Live Performance Verified by MyFxbook! REAL-MONEY ACCOUNT TOTAL PROFIT: +11 500 PIPS PROFIT" (archived sales page)
Status todayMyfxbook: "The system Forex Diamond REAL MONEY was deleted." (9 October 2026)
Archived Myfxbook page →

How Long Losses Stayed Open

A floating loss still open and unrecovered 90 days after it began rules out a Recommended verdict under our methodology. Measured on the current real account, from all 2,517 trades.

Longest position92.6 hours: a GBPUSD sell, 28 August to 1 September 2026, closed +A$1.17. No trade lasted seven days; 219 lasted more than two
Longest open drawdownNot measurable from the public record, which does not show floating profit and loss per position. Separately, the balance stayed below its August 2025 high for 188 days, until 2 March 2026: a closed-trade drawdown, not a position held open
Open at our checkNone (Myfxbook, 9 October 2026)
Against the 90-day ruleNot triggered. Every trade carried a stop loss, and no position was open for more than 92.6 hours

What the Sales Page Says, and What the Record Shows

Quoted from the vendor's sales page and MQL5 listing, read on 9 October 2026, against the accounts behind them.

Three accounts labelled "LIVE PERFORMANCE Verified by MyFxbook!"One is the real account above. The other two, Forex Diamond EURUSD and Forex Diamond EA TM, are demo accounts
"26 Years of Steady, Rock-Solid Back-Test Results": GBP/USD, fixed lots, maximum drawdown 3.62%The current real account reached 21.71%; the deleted real account reached 61.55%
"Forex Diamonds 40+ Recovery Factor means that the EA earns 40X more money than it loses"Recovery factor is net profit divided by maximum drawdown, not a ratio of winnings to losses. The page's own backtest gives a profit factor of 1.21; the real accounts give 1.10 and 1.01
"Forex Diamond has proven its success by growing our personal accounts first"The vendor's longest real account ended with an absolute gain of 7.07% after more than six years, and has been deleted
"without putting your account at risk in the process"The vendor's own real accounts reached drawdowns of 21.71% and 61.55%
"Prop Firm (FTMO) Compatible"The default settings failed our FTMO test on FTMO's data (below)
"Trusted by thousands of traders since its launch" (MQL5)We could not verify this. The MQL5 listing itself was published on 18 June 2025

Our FTMO Challenge Test

A conformance test of one configuration against one firm's rules, not a review. Run on FTMO's own server data under our published method; every result is on Best EA for a Prop Firm Challenge.

What was testedForex Diamond EA MT5 version 6.8, the free MQL5 demo, on the vendor's default settings. The vendor says there are no settings files and that "the default settings work for all pairs". GBPUSD, 15-minute chart
EnvironmentMT5 Strategy Tester on an FTMO Free Trial, 99% real ticks, £10,000 at 1:100, 1 January 2025 to 9 October 2026. FTMO's tester charged £757.18 commission
Outcome+£319.59 (+3.20%), 2,976 trades, profit factor 1.02, maximum equity drawdown 11.28%. Commission and swap took £1,241.98 of £1,561.57 gross profit
Profit targetNot reached. The highest balance was £10,486.34 (+4.86%), against the 10% target
1-Step maximum lossBroken. The limit trails the highest end-of-day balance (£10,486.34) by £1,000. On 26 January 2026 the account held no open trades and its balance was £9,469.79, below the £9,486.34 limit
2-Step maximum lossNot broken. The lowest equity was £9,307.17, against a limit of £9,000
Daily loss limitsNot established. FTMO measures them on equity, including open trades; the worst day on closed trades alone was −£236.45
Prop firm featuresThe vendor's Drawdown Protection and Trade Randomization settings are off by default, so they were off in our test
After the June 2025 re-optimisationVersion 6.5 was released on 18 June 2025. From then to the end of the test: 1,979 trades, +£234.51, profit factor 1.03, target still not reached
ResultFail. The profit target was not reached, and the 1-Step maximum loss limit was broken

Price and Licence Terms

Price$267 for MT4 or MT5 (regular price stated as $547), on the vendor's site and on MQL5, where it is advertised as a "MEGA SALE! 50% OFF". Read 9 October 2026
Where to buyThe vendor's own site and the MQL5 Market (MT4, MT5)
LicenceOne real-money account and ten demo accounts (sales page); ten activations on MQL5
Refunds"30-Day Unconditional 100% Money-Back Guarantee" (sales page)
Free demoYes, on MQL5; it runs in the Strategy Tester only
SettingsThree strategies, each switched on separately, with risk set per strategy (0.5% by default). A "RecoveryMode" setting exists for each strategy and is off by default; we did not test it
Pairs and timeframeGBPUSD, EURUSD, USDCHF and USDJPY on the 15-minute chart (MQL5 listing)
Version6.8 (10 March 2026) on MQL5; listed on MQL5 since 18 June 2025
US brokers (FIFO, no hedging)No, as run on the current real account: 440 trades opened while an opposite trade on the same pair was open, and 865 closed before an older trade on the same pair. An "NFA" setting exists that limits it to one trade at a time; we have not tested it
PlatformMT4 and MT5

Key Evaluation Criteria

  • ❌ Long-run edge: fails. The vendor's real account of more than six years made a profit factor of 1.01 and an absolute gain of 7.07%, and has been deleted.
  • ❌ Drawdown against the marketing: fails. The current real account reached 21.71% against the 3.62% the sales page quotes.
  • ❌ Evidence authenticity: fails. Two of the three accounts labelled "LIVE PERFORMANCE" are demo accounts.
  • ❌ Prop firm claim: fails. The default settings failed our FTMO test on FTMO's data.
  • ⚠️ Track record length: the current real account has about 15½ months, short of the 24 months we want before a recommendation.
  • ⚠️ Profit concentration: 59% of the current account's profit came in one month, March 2026.
  • ⚠️ US broker rules: not met as run: it hedges and closes trades out of order. An NFA setting exists.
  • ✅ Risk structure: passes, as run. Fixed 0.01 lots and a stop loss on every one of 2,517 trades; no lot escalation.
  • ✅ Open-trade duration: passes. The longest position lasted under four days.

Suitability & Risks

What's Genuinely Positive

To be fair to the product

The way it trades is controlled; the problem is how little it makes.

  • ✅A stop loss on every trade and fixed lot sizes on the real account.
  • ✅The current real account is verified by Myfxbook and is in profit.
  • ✅Short holding times: no position lasted four days.
  • ✅A free MQL5 demo for the Strategy Tester, and a 30-day money-back guarantee.
  • ✅An NFA setting for brokers that require one trade at a time.
Key Risks

Why we will not recommend it

Every item here is sourced to the vendor's own accounts or pages, or to our test.

  • ⚠️More than six years of real money made a profit factor of 1.01.
  • ⚠️That account, once marketed on the sales page, has been deleted.
  • ⚠️The current account is 15 months old and made 59% of its profit in one month.
  • ⚠️An average loss is 3.5 times an average win, so a small fall in the win rate wipes out the edge.
  • ⚠️Two of the three "live" accounts on the sales page are demos.
  • ⚠️Its default settings failed our FTMO test.

Important Disclosures

Verification History
9 October 2026 — first published, Not Recommended. Figures read on 9 October 2026 from the vendor's Myfxbook profile and accounts, the full trade history of the current real account, MQL5 signal 2379493, the sales and affiliate pages, both MQL5 listings and ForexPeaceArmy; deleted-account figures from the Internet Archive's copy dated 7 November 2025. FTMO test run on 9 October 2026. We do not edit published figures to track current values; we add dated entries here instead.
What would change this verdict. So that this does not rest on our judgement alone, these are the conditions under which we would reassess Forex Diamond EA:
  • The current real-money account, with its track record verified by Myfxbook, reaching 24 months (around June 2027) with a profit factor that holds up after costs, profit spread across the record rather than one month, and a maximum drawdown in line with what the sales page states.
  • A sales page that labels its demo accounts as demos, corrects the recovery factor claim, and states the drawdown the real accounts have shown.
  • A configuration the vendor recommends for prop firms passing our FTMO test.
The first is required; the others would strengthen the case.
What other users report. On MQL5 the MT4 version is rated 5 from 7 reviews. The three shown on its page are positive and short, two written in August 2025 within weeks of purchase. Its 13 comments are set-up questions; in them the vendor says there are no settings files and that the defaults suit every supported pair. We found no reports of losses. ForexPeaceArmy lists Forex-Diamond.com as not yet rated, with no reviews. These are users' claims, not facts we have verified.
How we accessed the vendor's material. We did not buy Forex Diamond EA. This review uses the vendor's public Myfxbook accounts, the archived copies of its pages held by the Internet Archive, its sales page, its MQL5 listings and the free MQL5 demo. The vendor did not supply anything and does not know this review exists.
What we verified, and what we did not.

We read all 2,517 trades on the current real account (they reconcile exactly with Myfxbook's totals), its MQL5 signal, the two demo accounts, the vendor's Myfxbook profile, the archived pages of the deleted account and the earlier sales page, the current sales and affiliate pages, both MQL5 listings with their release notes, reviews and comments, and ForexPeaceArmy. We ran the default settings against FTMO's rules on FTMO's own data. We did not read the deleted account's trade history, only its archived summary page, and we did not run Forex Diamond EA on a live account or test its RecoveryMode or NFA settings.

Affiliate Disclosure: Forex Diamond EA runs an affiliate programme paying 30% on all sales (affiliate page). A Recommended verdict here could have earned us commission. We have not joined the programme, we reached Not Recommended, and no link on this page is an affiliate link. Under our methodology we only apply to a programme after an Expert Advisor has passed.
Risk warning. Trading foreign exchange on margin carries a high level of risk and you can lose more than you expect. An Expert Advisor removes the delay between a signal and a trade; it does not remove risk. Past performance, including verified live performance, is not a reliable indicator of future results. The Robotic Trader is an independent publisher, not a regulated financial adviser, and nothing on this page is investment advice.

Frequently Asked Questions

Is Forex Diamond EA a scam?
We do not call it a scam. The current real-money account is verified by Myfxbook, every trade on it carries a stop loss, and it is in profit. What we found is that the evidence is weaker than the sales page says: the vendor's real account of more than six years made a profit factor of 1.01 and was deleted, and two of the three accounts the sales page labels as live performance are demo accounts.
Why is Forex Diamond EA Not Recommended?
Because the vendor's longest real-money record, more than six years on an IC Markets account, made a profit factor of 1.01 with a 61.55% drawdown and has been deleted from Myfxbook; because the account that replaced it is about 15 months old, with a profit factor of 1.10, a 21.71% drawdown against a marketed 3.62%, and 59% of its profit from one month; and because its default settings failed our FTMO test.
What happened to the Forex Diamond real-money account?
The account "Forex Diamond REAL MONEY" traded from March 2019 to at least November 2025 at IC Markets. The sales page marketed it in May 2024 as its real-money account. Its last archived Myfxbook page, dated 7 November 2025, shows 14,270 trades, a profit factor of 1.01, a 61.55% maximum drawdown and an absolute gain of 7.07%. Myfxbook now reports it as deleted, and the sales page links a new account opened on 18 June 2025.
Are the live results on the Forex Diamond sales page real?
One of the three is. The sales page shows three Myfxbook accounts labelled "LIVE PERFORMANCE Verified by MyFxbook!". The first is a real-money account with a verified track record, opened in June 2025. The other two, Forex Diamond EURUSD and Forex Diamond EA TM, are demo accounts.
Does Forex Diamond EA use martingale or a grid?
Not on the account we could check. All 2,517 trades on the current real account were 0.01 lots with a stop loss, and no position lasted four days. The EA does have a "RecoveryMode" setting for each strategy, off by default, and the sales page shows backtests labelled "Risk + Recovery"; we did not test that setting.
Can Forex Diamond EA pass an FTMO challenge?
Not on our test. On FTMO's own data from 1 January 2025 to 9 October 2026, the default settings made +3.20% with a profit factor of 1.02, never reached the 10% target, and broke the 1-Step challenge's maximum loss limit on 26 January 2026. The 2-Step limit was not broken.
Does Forex Diamond EA work with US brokers?
Not as the vendor runs it. On the current real account, 440 trades opened while an opposite trade on the same pair was still open, and 865 closed before an older trade on the same pair, which US rules on hedging and first-in-first-out closing do not allow. The EA has an "NFA" setting that limits it to one trade at a time; we have not tested it.
What does Forex Diamond EA cost?
$267 for MT4 or MT5, against a stated regular price of $547, on the vendor's site and on MQL5, as read on 9 October 2026. The licence covers one real-money account and ten demo accounts, with a 30-day money-back guarantee. A free demo on MQL5 runs in the Strategy Tester.
Could Forex Diamond EA be recommended later?
Yes, on new evidence. The current account started with version 6.5 in June 2025. If it reaches 24 months, around June 2027, with an edge that survives costs and a drawdown in line with what the sales page states, we will review it again. The full conditions are in the disclosures above.
Review Our Complete Testing Methodology

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