Diamond AI is a trading solution that can be found on MQL5. The presentation looks average. We have some details explained about how the system works.
Is investing in Diamond AI a good decision?
The developer turned on the robot and delisted the account. So, now, it’s up to trust.
Company profile
Marcin Zygala is a dev with a 1487 rate. He’s from Poland. The portfolio includes only two products that were reviewed 23 times.
Main features
Let’s figure out what features the system keeps behind the trading solution. We have grouped them in the following list.
- We can expect that the robot covers us by executing orders automatically on our terminal.
- So, we have to check it from time to time.
- The advisor can be bought only on MQL5.
- The developer claimed that if we buy it anywhere else, we have no support.
- We have the price of $299 for a copy unchanged.
- He claimed that the money from each purchase will be added to the trading account.
- “Diamond AI is a combination of 10+ years of reading and coding experience of a team who dedicated their lives to bring a new generation of Expert Advisors. Our team created an expert with the latest algorithms of machine learning to anticipate changes in the market. It does NOT use any risky strategies like MARTINGALE.”
- We have to be pretty safe if the statements are right.
- We can expect the robot to use SL and TP levels.
- It works with EURUSD.
- We can trade on the H1 time frame only.
- The account should support Hedging.
- Additional pairs to trade AUDUSD, EURCAD, USDCHF, USDCAD, EURGBP.
Price
The offer is simplified. We have a purchase option for $299 for a real account copy and one rental option for $49. If the system makes profits, the prices are good to go. MQL5 allows us to download a demo copy of the system.
Verified trading results
We have a RoboForex as a tick data provider for this test. An initial deposit was $1000. The leverage was 1:100. It was tested on six pairs at once. The total net profit has amounted to $452,655. The maximum drawdown was 17.65%. Diamond AI traded 4053 orders with 81% of the win rate for short and 75% for long trading positions.
The system was set to trade on the account that was deposited at $22,080. RoboForex was a broker. The system worked automatically with 1:1000 leverage. The maximum drawdown was 0.4%.
An average trade frequency was only five orders every week. The average holding time was 13 hours.
The chart of the growth doesn’t look trustworthy at all.
The last three orders before the system was removed were lost.
The robot traded 20 deals for several months only. The best trade was $19.20 when the worst trade was -$48.34. It was a huge range between SL and TP levels. The recovery factor was 0.01 when the profit factor was 1.01. It was too low for a professional advisor. An average profit was $12.02 when an average loss was -$22.19.
EURUSD was the most actively traded pair.
People feedback
We have so many negative reviews that the system doesn’t work properly.
Summing up
Diamond AI is an expert advisor that was removed from trading on a real account. We have no mentions from the dev about what happened. People claimed that the system didn’t work properly for them. So, we’d like to wait for more updates and relaunching the account.
