Gem Forex Diamond EA V1.0 MT5 – Smart Entries on M5–M30 Without the Drama


If you’ve been hopping from one over-promised robot to another, you’re not alone. Too many EAs depend on luck, martingale, or random “set & pray” logic—until a news spike wipes out weeks of grind. Gem Forex Diamond EA V1.0 MT5 is built for the opposite vibe: clear entries, defined risk, and fast execution across XAUUSD, EURUSD, and GBPUSD on M5, M15, and M30. It’s designed to be nimble enough for intraday action yet disciplined enough to respect your drawdown rules—coz longevity > lottery, right?


Below, you’ll get a friendly run-through of how it works, the key features, suggested setups, and risk tips. Take what fits your style, iterate, and always demo first… then go live when you’ve got your groove.


Overview


Gem Forex Diamond EA V1.0 MT5 is a scalping-to-intra-day Expert Advisor that hunts for momentum bursts following short-term trend alignment. It focuses on three highly liquid instruments—XAUUSD, EURUSD, and GBPUSD—and the M5, M15, M30 timeframes where spreads and volatility can give you both quick opportunities and clean exits.


What makes it tick?



  • A trend baseline to avoid counter-trend traps.

  • A momentum confirmation layer to filter weak signals.

  • A volatility check (think ATR-style) to size stops and avoid dead sessions.

  • Optional session windows so you can target London/NY overlaps, or stay out of thin Asia sessions if you prefer.

  • Strict risk controls baked into the inputs: per-trade risk %, max trades, and daily loss “kill-switch” so you don’t give back the week on one bad day.


It’s purpose-built for fast execution and is VPS-friendly. No gimmicks, no pyramids, no blind martingale. Just systematic entries with rules you can actually explain to your future self.



Key Features


• Works on XAUUSD, EURUSD, GBPUSD
• Optimized for M5, M15, M30 timeframes
• No martingale, no grid averaging into losers
• Per-trade risk % and daily loss cap controls
• Session filters to trade your preferred hours
• Spread protection to avoid bad fills on news spikes
• ATR-based SL/TP logic (adaptive to volatility)
• Stealth TP/SL option (broker-side vs EA-side)
• Magic Number isolation for multi-chart setups
• News-aware pause (optional if you use a news filter EA or manual pause)
• Lightweight code, VPS-ready for low latency
• Designed to be prop-friendly when configured with conservative limits


How It Finds Trades (In Plain English)


Diamond waits for baseline trend alignment (e.g., a fast/slow MA bias) and then checks for momentum confirmation—you’ll see fewer “meh” signals during chop. When momentum lights up in the trend direction and the spread is acceptable, it places an order with an ATR-sized stop and a measured take-profit that fits the current volatility. On M5/M15, it aims for swift, mechanical exits; on M30, it’s a touch more patient, but still intraday-minded.


Why this matters: you’re not guessing tops/bottoms; you’re participating when the market is already moving and conditions are supportive. Fewer fights against the tape, fewer overnight surprises.


Recommended Settings (Start-Point Templates)



Always demo these first and tweak per your broker’s spreads/latency. Nothing beats forward testing your own conditions.



XAUUSD (Gold)



  • Timeframe: M5 or M15

  • Risk per trade: 0.25%–0.75% (gold moves fast)

  • SL: 1.2–1.8× ATR(14)

  • TP: 1.2–1.6× ATR(14) or use a trailing partial exit

  • Session: London + NY overlap; avoid low-liquidity hours

  • Filters: Keep spread filter tight; pause around major news


EURUSD



  • Timeframe: M15

  • Risk per trade: 0.5%–1.0%

  • SL: 1.0–1.4× ATR(14)

  • TP: 1.2–1.8× ATR(14)

  • Session: London core; optional NY follow-through

  • Notes: Very spread-sensitive. Low-spread ECN recommended.


GBPUSD



  • Timeframe: M15 or M30

  • Risk per trade: 0.5%–0.8%

  • SL: 1.2–1.6× ATR(14)

  • TP: 1.2–1.8× ATR(14)

  • Notes: Slightly punchier than EURUSD; consider a slightly wider stop.


General inputs to review:



  • Lots vs Risk%: Prefer Risk% for consistency across balances.

  • Max Positions: Start with 1–2; scale only after forward tests.

  • Daily Loss Cap: 2–3% is a common prop-friendly band—your call.

  • Magic Number: Unique per chart/symbol/timeframe to avoid conflicts.

  • Trade Hours: Align with your lifestyle; consistency beats screen-glue.


Installation & Setup (MT5)



  1. Download & unzip the EA files.

  2. In MT5, click File → Open Data Folder.

  3. Drop the .ex5/.mq5 file into MQL5 → Experts.

  4. Restart MT5 (or right-click Experts → Refresh in Navigator).

  5. Drag Gem Forex Diamond EA onto your XAUUSD/EURUSD/GBPUSD chart (M5, M15, or M30).

  6. In the Common tab, enable Algo Trading and DLLs if needed.

  7. In Inputs, set Risk%, ATR period, SL/TP multipliers, Max Trades, and Trade Hours.

  8. Hit Algo Trading (green) on the toolbar.

  9. Consider running on a VPS for stable, low-latency execution.


Pro tip: clone your chart (e.g., EURUSD-M15 and EURUSD-M30) with different Magic Numbers so results don’t mix.



Backtesting & Forward-Testing Tips



  • Use “Every tick based on real ticks” where possible for accuracy.

  • Lock your spread to a realistic broker average (don’t test at 0.1 pip if you never get it live).

  • Test per symbol/timeframe—what crushes on EURUSD-M15 may not translate 1:1 to GBPUSD-M30.

  • Validate with a walk-forward approach: optimize on one segment, verify on the next.

  • After backtests, do 4–6 weeks of demo forward testing to see slippage/spread behavior in the wild.

  • Keep a simple journal (even a Google Sheet) of changes. Tiny tweaks add up.


Risk Management (Prop-Friendly Mindset)


If you care about longevity or trade a prop account, set your Daily Loss Limit and Max Drawdown in the EA inputs (or in your own mental rules). Diamond won’t chase losses; if the day is off, you’ll stand down and live to fight another session. Remember, news shocks do happen—either pause around high-impact releases or use a news-pause companion if that’s your preference. And if gold is wild, throttle risk down; you don’t have to ride every wave.


Final Thoughts


Gem Forex Diamond EA V1.0 MT5 is for traders who want structure without stiffness. You set the guardrails (risk %, max trades, trade hours), and the EA goes hunting for clean, momentum-aligned setups on XAUUSD, EURUSD, GBPUSD. It’s quick on M5/M15 and measured on M30, and it won’t blow up the account with gimmicks. Keep it simple, keep it consistent, and iterate till it fits your personality.


Join our Telegram for the latest updates and support


Happy Trading