Diamond PRO MT5

Diamond PRO is an automated expert advisor for MetaTrader 5. It opens and manages trades on its own, using entry filters tied to support and resistance behaviour on the H1 chart, and it adds several protective filters that you can adjust to suit your broker and your risk tolerance.

How it works

Once attached to a chart, the expert watches price near areas where the market has previously stalled or reversed. It only considers an entry when its filters agree, and it then manages the position with a staged exit routine that closes portions of the trade at different points rather than all at once. A money management section lets you choose how position size is calculated.

Several safeguards run alongside the trading logic:

• Spread protection that pauses new entries when the spread is wider than your chosen limit.
• A news filter that avoids trading around scheduled economic events.
• A trading days filter, so you can switch off days you do not want to trade.
• A separate time filter for limiting the hours in which orders may open.

Markets and timeframes

The recommended instruments are EURUSD, GBPUSD and USDJPY, each on its own H1 chart. The expert needs a MetaTrader 5 account with the hedging type. Check the symbol names and trading hours at your broker, as suffixes and server times vary.

Settings

The expert has an extended list of inputs. The exact defaults and ranges can differ between pairs, so open the inputs tab and read each group before going live. If preset files are supplied with your download, load a suitable one for each pair as a starting point and then review it.

Risk

An automated system can still lose money, particularly during volatile or illiquid conditions. A suggested minimum deposit is around 200 USD, but a larger balance and conservative position sizing give more room for normal drawdowns. Run it on a demo account first.

Installation

1. Copy the expert file into the Experts folder using File, Open Data Folder, MQL5, Experts, then restart the terminal or refresh the navigator.
2. Open charts for EURUSD, GBPUSD and USDJPY and set each to H1.
3. Drag the expert onto each chart and review the inputs, loading a preset file if one is included.
4. For the news filter, go to Tools, Options, Expert Advisors, allow WebRequest and add the calendar address given in the product documentation. Set the server GMT offset to match your broker.
5. Allow algorithmic trading in the chart dialog and switch on the AutoTrading button in the toolbar.

The news filter operates only on live or demo trading and not in the Strategy Tester. For continuous operation, consider running the terminal on a VPS.