EA Diamond Scalping Forex MT4&MT5

Overview

To win in the trading market, there are two approaches:

• You will win a lot with a high win-rate and a small risk-reward ratio (RR).
• You will win less with a low win-rate but a high risk-reward ratio (RR).

Different strategies will yield different ratios, but with approach 2, most traders in the market will become discouraged due to the very low accuracy. Very few traders will be able to overcome that emotional challenge and may end up giving up and experiencing losses.

Therefore, Diamond Scalping EA was created to address this issue. The EA follows approach 1, allowing investors to feel most psychologically comfortable when using it. The EA generates small but consistent profits on a weekly, monthly, and yearly basis.

EA Description:

• The EA utilizes a trading strategy based on price action.
• It employs various strategies such as breakout, first pullback, break-out and retest, stop hunt to find the best entry points with the highest win rate.
• The EA uses a fixed stop loss for each trade to ensure account safety.
• It incorporates trailing stop and breakeven to help the account grow steadily over time and ensure profits in the majority of trades.
• The EA allows you to set the opening and closing times for trades within a day, enabling customization for each suitable timeframe.
• The EA offers risk management options including lots, money, and account percentage, providing flexibility for users.

Recommendations:

• Minimum deposit: $100
• Working timeframe: M15 or higher
• Account type: ECN (use the recommended partner broker with partner code to get 0-pip spread)
• Fast VPS Server

Input Parameters:

_EANAME: Diamond Scalping Forex EA MT5

Time Filter

StartHour: Set the start hour of trading time (GMT time)

StartMinute: Set the start minute of trading time  (GMT time)

FinishHour: Set the end hour of trading time from Tuesday to Thursday  (GMT time)

FinishMinute: Set the end minute of trading time from Tuesday to Thursday  (GMT time)

TradeOnMonday: Enable/disable trading on Monday

TradeOnTuesday: Enable/disable trading on Tuesday

TradeOnWednesday: Enable/disable trading on Wednesday

TradeOnThursday: Enable/disable trading on Thursday

TradeOnFriday: Enable/disable trading on Friday

TradeOnSunday: Enable/disable trading on Sunday

Money setting

mmType: Set the money management method (Fixed lots size, Fixed money, Fixed percentage)

RiskPercentPerTrade: Set the percentage size

FixedMoneySize: Set the money size

FixedLotSize: Set the lots size

More trade setting

commentTrade: Set the comment

magicNumber: Set the magic number

Backtest Guide:

• Symbol: EURUSD or USDJPY
• Timeframe: M15
• Modelling: Minimum 'Every Tick' is recommended if you are testing with trailing profit
• Deposit: Minimum 100 is recommended
• Leverage: Any

Support:

I am always in touch. Feel free to contact me with a personal message.

Before buying this product, please make sure you understand the risks involved with trading and that past performance is no guarantee for future results.

Other products: ➡️ https://diamondforextrading.com/collections/products

Contact Telegram: ➡️ https://t.me/losgroup23

Contact Email: ➡️ support@diamondforextrading.com