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Author Topic: Forex Diamond EA  (Read 240036 times)

Offline 999cjb

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Re: Forex Diamond EA
« Reply #30 on: December 01, 2013, 12:36:51 PM »
Could you share with us, which EA vendors do you trust? By my opinion only the live results maters, all other is BS talks.

The honest ones. From my point of view money is not everything. It is important but not everything. Would you trust anyone you caught on lie?
By the way does it really matter how many EAs belong to him? Why does he feel the need to lie about it?
If the EAs are profitable it brings him more reputation if the public knows they belong to him. In this case there is no point to lie about it.

Another example: Kangaroo EA. It is one of the most profitable commercial EA but the vendors are banned from DF forum because they were dishonest and tried to fool the forum members here. Donna banned them regardless of the performance of their EA. That's why I respect her big time. Because not only the "money talks".

Surely a trusted vendor and a DF verified vendor should be one and the same thing. If not, why not?

Ok so I may have an axe to grind here but in order to gain trust a vendor must have a track record of being honest and open about his products and performance. Vendors who introduce product after product, changing the names as they go and pretending their previous products never existed do not deserve anybody's trust.

But a trusted vendor may not have a perfect record of producing profitable EAs. In fact this is extremely unlikely as more than 99% of EAs are failures. Of course profitability over a long time period in live accounts is great but admitting mistakes, saying sorry and continuing to try hard wins trust.

Offline phoebus

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Re: Forex Diamond EA
« Reply #31 on: December 01, 2013, 12:37:03 PM »
Quote
The honest ones. From my point of view money is not everything. It is important but not everything. Would you trust anyone you caught on lie?
By the way does it really matter how many EAs belong to him? Why does he feel the need to lie about it?
If the EAs are profitable it brings him more reputation if the public knows they belong to him. In this case there is no point to lie about it.

Can you show a proof, when you accuse someone in dishonesty?
« Last Edit: December 01, 2013, 12:38:48 PM by phoebus »

Offline fx.mstr

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Re: Forex Diamond EA
« Reply #32 on: December 01, 2013, 01:05:35 PM »
Quote
The honest ones. From my point of view money is not everything. It is important but not everything. Would you trust anyone you caught on lie?
By the way does it really matter how many EAs belong to him? Why does he feel the need to lie about it?
If the EAs are profitable it brings him more reputation if the public knows they belong to him. In this case there is no point to lie about it.

Can you show a proof, when you accuse someone in dishonesty?

You asked a question, I just answered. Why do not you do the same and answer my questions? I did not accuse anyone, we just talk about honesty, but it seems this subject has found your achilles.
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Offline mikepipmaker

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Re: Forex Diamond EA
« Reply #33 on: December 01, 2013, 01:29:47 PM »
Can you show a proof, when you accuse someone in dishonesty?

It is very difficult to prove... and mostly futile.

I once had a doubt that EuroSmarter,Cleaner, BBEA, PipBag  all belonged to same person - eurosmarter. It was funny to see different vendors had exactly same website provider, same privacy provider and a common factor being EuroSmarter in some way or other.  it was nothing but speculation on my part...  :-[

Then when iProfit was released I was almost convinced that the startegy provider or partner of Phibase was EuroSmarter - this was again based on similar kind of test that EuroSmarter was running public at that time. Phibase came out and gave cleared the doubt - I trust them, so even that is settled now  :D

Except Fmonera and Donna who teamed up to sell robin vol, I dont thing we can have a vendor with physical office or personal presense.  There may be others, but I may not be aware  8)

Hammy had doubts that I was connected to phibase... the felling was mutual and funny at the same time, since I was almost convinced that Hammy was connected to Tom's EA  ;D  ... . again both clarified and cleared.  ;D

Speculation comes in to our mind very easily - it is up to the vendor or anyone involved to either clear or ignore it.  It is in our side if we remain doubtful or take the word of a online vendor. When we are willing trust accounts worth thousands into the peice of software a onine vendor provided us for a couple of 100 bucks... it does not make sense not trusting your online vendor's words. Its a virtual world.... the rules and logic of real world does not work directly here...  ;)
No method or EA can be successfull if we keep changing the rules and be impatient.

Offline hammy

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Re: Forex Diamond EA
« Reply #34 on: December 01, 2013, 01:57:43 PM »
Mike,

I was joking when saying you were connected to Phibase
I still don't understand your willingness to support such poor EAs that will never make you money.
All their products are out of date strategies based on old backtests, that don't work in todays market, and maybe never will.

sorry to be off topic here, but I saw my name mentioned here and needed to clarify.

cheers !.. :)

Offline mikepipmaker

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Re: Forex Diamond EA
« Reply #35 on: December 01, 2013, 02:25:33 PM »
Mike,

I was joking when saying you were connected to Phibase
I still don't understand your willingness to support such poor EAs that will never make you money.
All their products are out of date strategies based on old backtests, that don't work in todays market, and maybe never will.

sorry to be off topic here, but I saw my name mentioned here and needed to clarify.

cheers !.. :)

Sure, mate. I know it it was a joke and it was was funny that i had similar thought on you... it was just all the trading that was getting to our heads.. speculation in everything  :P

While this is not the thread to discus other products, i would in general say that wally and my other ea's have been doing well even in this tough market conditions - without grid style I may add.  I dont think these are out dated... but strategies that I feel comfortable trading... i certainly cannot see 20% or 80% floating dd. It finally depends on the trader which tool he is comfortable with.... a construction worker used to a sledge hammer will obviously scoff at the rubberised hammer/brush being used by an archeologist.... and vice versa... each job/guy needs his own tool  ;)
« Last Edit: December 01, 2013, 02:27:34 PM by mikepipmaker »
No method or EA can be successfull if we keep changing the rules and be impatient.

Offline Anchorpoint

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Re: Forex Diamond EA
« Reply #36 on: December 02, 2013, 02:27:25 PM »
Tough day today for this EA, -8.6% : http://www.myfxbook.com/members/forexdiamond/forex-diamond-ea-real/729824

Not a good start for the launch of this EA which is said to be in a couple of days..
Anything can happen - every moment in the market is unique

Offline LFN

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Re: Forex Diamond EA
« Reply #37 on: December 02, 2013, 05:57:08 PM »
Tough day today for this EA, -8.6% : http://www.myfxbook.com/members/forexdiamond/forex-diamond-ea-real/729824

Not a good start for the launch of this EA which is said to be in a couple of days..

Equity is back to levels from the beginning of June!

Offline mikepipmaker

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Re: Forex Diamond EA
« Reply #38 on: December 03, 2013, 04:28:14 PM »
I dont mind a EA losing some trades...  but get pissed off when vendor decides to make it private when I am tracking some thing closely.

http://www.myfxbook.com/members/forexdiamond/forex-diamond-ea-real/729824

is private now  >:(

The account was down close to 11% this last couple of days... was very interested in seeing how the open trades floating with dd  was going to be handled..... but alas... i will just have to make the tough guess now  ???

Lucky us traders... imagine getting started and getting down 12% on the first day.... i bet not many would have been happy  :(

Decided to pass this one guys... will quit on this  :-X Good luck all!
No method or EA can be successfull if we keep changing the rules and be impatient.

Offline Anchorpoint

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Re: Forex Diamond EA
« Reply #39 on: December 03, 2013, 04:40:54 PM »
Vendor has now another account public: http://www.myfxbook.com/members/forexdiamond/forex-diamond-ea-real-money/770691 
For some reason this account doesn't have the recent bad losses..
It also uses custom start date so here is the real story: http://gyazo.com/0ac7b6f84f7dfc68b84e7b4ea68eb0c3

Not very convincing practice from vendor - and performance of this EA seems quite lackluster ..
Anything can happen - every moment in the market is unique

Offline fx.mstr

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Re: Forex Diamond EA
« Reply #40 on: December 03, 2013, 04:47:52 PM »
Quote from: phoebus
By my opinion only the live results maters, all other is BS talks.


You are right. That is what matters.  ;)


Can you show a proof, when you accuse someone in dishonesty?

I think the proof just arrived by itself

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Re: Forex Diamond EA
« Reply #41 on: December 04, 2013, 10:02:18 AM »
Feels so familiar........ ;)

Deja Vu Official Trailer (HD)


Online reinerh

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Re: Forex Diamond EA
« Reply #42 on: December 04, 2013, 01:10:28 PM »

the diamond seems to have made a vanishing act,
 
back to the drawing board i guess.

Offline mikepipmaker

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Re: Forex Diamond EA
« Reply #43 on: December 04, 2013, 01:24:08 PM »

the diamond seems to have made a vanishing act,
 
back to the drawing board i guess.

I never wanted to open this thread, but the recent post shows all my friends out here having fun by themselves - so what the heck!

Let me interpret what happended....

they decide to come out with a ea cometime in jan... they decide to run it live....

they have some variations of settings that they run on different accounts...

One of them crashed mid way.... the other one was probably tweaked in between so it ran well for a few more months... until last week it decided to tank  ;)

New rule in my book: if vendor is going to show live proof, only the period it had been public will be considered by me - not the period it was under their private eyes only - one month - one year - one decade - no use  ::)

So guys, if you have a ea and want to sell it with live proof, publish your results here in advance. dont come up with stunning 3 or 6 month private track record and do a disappearing act once you see losses  >:(

We wont mind you tweaking adjusting improving the ea along way..... just mention it as notes on your myfxbook page and that should make your test much more credible....
No method or EA can be successfull if we keep changing the rules and be impatient.

Offline fx.mstr

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Re: Forex Diamond EA
« Reply #44 on: December 05, 2013, 12:27:10 PM »
It seems that these multi-currency pair HFT EAs are getting more and more popular. Iprofit EA, Forex Kinetics and now Forex Diamond. The vendors seem to steal ideas from each other. Nonetheless none of them prooved to be consistently profitable.
Can someone tell me the main similarities and differences of these EAs?

It is funny to see how the history repeats itself. When one or two scalping EA becames popular all the other vendors released scalping EAs, The same happened not long ago with the so called volatility breakout or trend follower EAs after FGB became popular and now this multicurrency HFT thing comes the new thing. And I almost forgot to mention the MDP-like HFT EAs that worked well for a period of time, until the market became overhelmed with them and the big guys decided to get rid of them.

I think the main problem cames exactly when the market is getting overhelmed with similar strategies and that's when they lost their edge. Volatility breakout EAs have worked well until Robin and Pips Bag and all the other FGB copies came out. And these HFT EAs are even more vulnerable due to their execution and spread sensitivity.

This is not a multi currency EA. It trades GU

I am sure of that they have mentioned 4 pairs in their FAQ when I have checked it first. Now there is only GBPUSD there. Interesting.
Another thing that a little bit bothers me concerning this vendor is that once I asked them whether they are the vendor of Forex Combo Systems as well because the website of Wally and Combo look very similar and they denied any connecton, but I konw that for fact they are behind Combo as well. Why did they deny it then?

On their website they mention 4 pairs again. It's a bit confusing.
« Last Edit: December 05, 2013, 12:30:39 PM by fx.mstr »
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