What should you know before you start trading with Forex Diamond EA?
Before installing Forex Diamond on your computer and starting to trade on a Real-Money account, please read this carefully – your future profits could depend on it.
1. We strongly recommend that you operate a demo account before trading with real money. This will help you become familiar with the way Forex Diamond operates, before you commit genuine funds to a real money account.
2. Please be extremely careful when determining trading volumes and setting automatic risk management parameters! We don't recommend trading with more than 5% risk!
3. Forex Diamond supports GBPUSD, EURUSD, USDJPY and USDCHF currency pairs. The robot must be attached to all charts. Only this way it will be able to trade on all supported pairs.
4. Forex Diamond is compatible with all MetaTrader 4 brokers, as well as with brokers that use ECN-type order fulfilment. You do not need to change any settings.
5. Forex Diamond automatically recognises whether your broker offers four- or five-digit quotes. You don’t need to change any settings. If your broker offers five-digit quotes, you don’t have to multiply TakeProfit and StopLoss values by 10.
6. Keep your MT4 terminal running all the time. Avoid launching and closing your trading terminal too often. Ideally, it should work without interruption from market opening on Monday to closure on Friday.
7. There are two versions available for download - Normal and Simple. The only difference between both versions is that the simple one has less settings available. The idea is to be more easy for users who have less experience with forex trading with expert advisors. We recommend using the Normal version.
8. Check the user guide and make sure that the MT4 terminal configuration is exactly as explained. The most important option is "Allow live trading". It must be enabled.
9. Check regularly the Journal of your MT4 terminal (or the log files) for any errors or warnings. If there are any errors which you don't understand then contact us immediately and send us the error messages.
10. If you suspect that Forex Diamond is operating incorrectly, please stop trading and contact us immediately!