Forex Diamond Indicator

Overview

The Forex Diamond indicator is a high-precision trading tool designed specifically for MetaTrader 4 platform. What makes this indicator stand out is its remarkable accuracy, with signals reaching 80-90% precision according to the developers. Unlike many other indicators, Forex Diamond doesn’t repaint or provide late signals, ensuring that you get reliable trading information when you need it most.

This indicator is particularly valuable because it not only identifies potential entry points but also calculates 3 levels of profit targets for each trade. This comprehensive approach takes the guesswork out of trading, allowing you to focus on execution rather than complex analysis. With clear buy and sell signals appearing at the opening of new candles, Forex Diamond provides a straightforward way to identify high-probability trading opportunities across various financial markets.

How It Works

The Forex Diamond indicator works by identifying six powerful price action patterns that have proven effective for predicting market movements, such as:

1. Rising Star
2. Fallen Star
3. Light in Clouds
4. Dark Veil
5. Three White Soldiers
6. Three Black Crows

When the indicator detects one of these patterns forming in the market, it generates a clear buy or sell entry signal directly on your chart. These signals appear immediately at the opening of a new candle, giving you plenty of time to analyze and execute trades.

What makes this indicator particularly useful is its automatic calculation of three potential profit targets for each trade:

• Minimum Profit (recommended for conservative traders)
• Medium Profit (balanced approach)
• Maximum Profit (for aggressive traders)

These targets help you plan your exit strategy before entering a trade, allowing for more disciplined trading decisions.

Here are my results:

As for risk management, the indicator suggests setting your stop loss equal to the Medium Profit level. This creates a balanced risk-reward scenario that helps protect your capital while still allowing for profitable trades.

When a signal appears, you’ll also receive alerts (if enabled), which can include pop-up alerts, email notifications, or mobile alerts, ensuring you never miss a trading opportunity!

Key Features

Available Timeframes:

• • M5 (5-minute charts) for short-term scalping
  • M15 (15-minute charts) for medium-term trading
  • H1 (1-hour charts) for longer-term positions

• Recommended Currency Pairs: All forex currency pairs, Stock indices and Metals (like gold and silver)
• No Repainting: Signals remain fixed once they appear, ensuring reliable analysis
• Three Profit Targets: Automatically calculates potential exit points for each trade
• Customizable Visualization: Adjust colors and sizes to match your chart preferences
• Multiple Alert Options: Choose between pop-up alerts, email notifications, and mobile alerts
• Adjustable Settings: Customize profit target multipliers and other parameters to match your trading style

The download package of the product includes:

• Indicators: Forex Diamond Indicator.ex4
• Installation Guide from forex-hacked.com

Conclusion

The Forex Diamond indicator offers traders a powerful yet straightforward approach to identifying high-probability trading opportunities. By combining sophisticated pattern recognition with clear signals and predetermined profit targets, it simplifies the trading process while maintaining a high level of accuracy.

Contact me: trent@trentbaxter.com

After the payment the download button for this software will automatically appear in your personal account. All your downloads can be always accessed via this link: https://forex-hacked.com/my-account/

If you can’t find the link, email me at trent@trentbaxter.com and I will send it to you directly.