Free Black Diamond EA Trading Robot

ECN Broker with Low Spreads

Professional Trading

Spreads from 0.0 pips • Fast execution • FSA regulated

Recommendations for using Black Diamond EA:

• Minimum starting account balance: 100$ with leverage of 1:500
• Recommended timeframe: 5M. It is claimed to work on any timeframe
• Works with any currency pair
• Works with any forex broker
• Martingale can be enabled or disabled for managing open trades
• It is recommended to run Black Diamond EA on an always-on VPS to achieve consistent results. We recommend a reliable forex VPS such as MyForex VPS or WeaselCloud

Black Diamond EA is, according to its authors, one of the best EAs on the market, accurately analyzing conditions and automatically executing trades to help grow your account. The EA costs several thousand dollars, but we offer it here for free. You can also explore other interesting robots, such as North East Way or BenderFX EA V2.

Google has many positive reviews of Black Diamond EA. Its promotional materials suggest that the bot can easily grow a deposit by 15-20% per month. The EA places around 10 trades a day according to its trading algorithm.

First, test on a demo account for at least a week. Also familiarize yourself with Black Diamond EA’s capabilities and statistics, before using it on a live account.

Conclusions:

Black Diamond EA is a potentially interesting automated trading system. The developers share EURUSD M5 backtests covering a 5-month period from 2019 to 2020. The results show a profit of 20,345 dollars from a starting balance of 5,000 dollars, with a drawdown of 15.4%. However, backtest results are often produced through overfitting and cannot be achieved under live trading conditions. That is why we are forward-testing it on a demo account: