The Black Diamond EA for Metatrader 4 is a fully automated Forex robot that has been around for some years and profitable in the long run.
The EA wins around 90% of its trades and is optimized for the 5-minute time frame.
It takes advantage of the short-term trends found on this time frame.
The Black Diamond EA does not use any risky strategies and has a built-in high impact news filter which can be turned ON and OFF.
As can be seen from the strategy tester report below, the maximal drawdown was only 0.85% during the test.
The EA can be used on unlimited trading accounts, both demo and live and should work on any time frame.
Recommended: test the Black Diamond EA on a demo account first over an extended period of time before running it on a live trading account.
Free Download
Download the “BlackDiamondEA V5.5.ex4” expert advisor
Track Record
The picture below shows the Black Diamond EA strategy tester report for the GBP/USD currency pair (click on the chart to zoom in).
Performance Highlights:
- Maximal drawdown: 0.85%
- Short positions won: 88.02%
- Long positions won: 92.36%
- Profit factor: 14.40
Download This Expert Advisor (MT4)
Download the “BlackDiamondEA V5.5.ex4” Forex robot
General Information & Recommendations
- Optimized for the 5-minute chart
- Trades any pair of your preference
- Recommended minimum account balance: $250
- Works on unlimited demo accounts.
- Works on unlimited live accounts.
- Developed for Metatrader 4
Chart Example
The picture below shows the Black Diamond EA attached to the EUR/USD 5-minute chart.
EA Input Parameters
Start period, end period, lot types, accurate trade open, percent lot value, take profit, stop loss, trailing stop, trailing start, trailing step, previous high, magic number, profit percent, loss percent, multiplayer, high impact news trading
How to access the inputs tab? Right click on the chart > properties > inputs tab (adjust EA settings here)
How do I install the Black Diamond EA in Metatrader 4?
- Open the Metatrader 4 platform and select “File” from the top menu
- Click on “Open Data Folder” and select the “MQL4” folder
- Click on “Experts” folder and drag and drop the BlackDiamondEA V5.5.ex4 file into this folder
- Restart the Metatrader 4 platform and attach the expert advisor to the chart