Supreme Diamond Indicator MT4 V1.1

What is Supreme Diamond Indicator?

The Supreme Diamond Indicator is a forex trading tool designed for both beginners and experienced traders. It automates the identification of potential buy and sell points using a sophisticated algorithm. This indicator focuses on reversal and trend trading strategies, providing clear signals without repainting or back painting, which means the signals remain consistent and reliable once displayed.

• Vender: https://www.mql5.com/en/market/product/108019

Key Takeaways:

• Enhanced Decision Making: Helps traders identify the optimal times to enter and exit trades, improving decision-making under varied market conditions.
• User-Friendly Interface: Suitable for beginners with its straightforward signal alerts that simplify trading decisions.
• Flexibility: Offers two signal modes, allowing traders to choose between normal and diamond modes depending on their risk tolerance and trading strategy.
• Real-Time Alerts: Ensures traders do not miss potential trading opportunities by providing timely buy and sell alerts.

Key Features:

• Clear Trading Signals: Generates buy and sell signals with alerts, helping traders act swiftly.
• Multi-Timeframe Compatibility: Works across various timeframes, enhancing its adaptability to different trading styles.
• Non-Repainting Signals: Once a signal is given, it does not change, ensuring reliability and consistency in trading.
• Dual Mode Functionality: Includes a ‘Best Entry as Diamonds’ feature for filtering signals to only show the most optimal, reducing the noise and increasing the quality of entries.

Supreme Diamond Indicator Settings & Recommendations:

• Platform: MT4
• Currency pairs: Suitable for all pairs
• TimeFrame: Any, with specific enhancements for multi-timeframe analysis
• Minimum account balance: Not specified, but typically a moderate balance is recommended to cover margins
• Preset: Default settings are optimized for immediate use; adjustments can be made based on individual trading preferences
• VPS: Recommended for continuous operation without interruptions
• Broker: Prefers a broker with low spreads and minimal slippage to maximize the effectiveness of the indicator

Supreme Diamond Indicator Review:

The Supreme Diamond Indicator promises to streamline the trading process with its advanced signal clarity and real-time alerts. In testing, it delivered on its promise to provide timely and accurate signals that align well with a basic risk-reward setup, aiming for a minimum 1:1 risk-reward ratio. The diamond mode, in particular, stood out by filtering out less probable trades and emphasizing high-quality entries, although this mode does not allow further tweaking of signals. While the indicator suits beginners well by simplifying many complexities of forex trading, experienced traders might seek more customization options for signal criteria.

Supreme Diamond Indicator MT4 Download:

• Link download: Supreme Diamond Indicator MT4 .ex4/ Supreme TrendHisto.ex4
• template

Download link, Installation guide (if any) will be sent immediately via email after your purchase, or you can directly download it from the website, under the section: My account -> Download.

Payment:

• Payment Options: PayPal, credit card, USDT TRC20, Binance Pay

Risk Warning:

• Forex trading is highly risky and can lead to the total loss of your investment; use Forex EAs cautiously and they cannot replace your trading decisions.
• Past performance is not a guarantee of future profits.
• Always test EAs on a demo account before applying them to a live account.