Gem Forex Diamond EA V1.0 MT5 — Precision Scalping for XAUUSD, EURUSD & GBPUSD
If you’ve been hunting for a consistent, no-nonsense MT5 expert advisor that doesn’t blow up accounts or demand crazy deposits, Gem Forex Diamond EA V1.0 might be your new favorite tool. Built for fast, focused execution on XAUUSD, EURUSD, and GBPUSD across M5, M15, and M30, this bot aims to catch high-probability momentum bursts and structured pullbacks—without messy martingale spirals. It’s sleek, it’s deliberate, and it’s designed for the real world (spreads, slippage, news spikes… all the jazz traders actually face every day).
Below you’ll find what it does, how it trades, how to set it up, and a straightforward set of risk tips so you don’t overcook it. Let’s dig in.
What Is Gem Forex Diamond EA?
Gem Forex Diamond EA V1.0 is a MetaTrader 5 expert advisor focused on short-to-medium-term trades on liquid symbols: XAUUSD (Gold), EURUSD, GBPUSD. It blends a trend-bias detector with intra-day momentum triggers and volatility guards, then wraps everything in a tight risk box. The goal? Stack small, controlled wins while filtering out low-quality chops. It’s not trying to predict the next month’s macro move; it’s trying to harvest reliable setups today.
Core idea in plain English: find impulse → confirm with volatility + structure → enter with predefined stop → manage with trailing or partial exits. No doubling down, no “it’ll come back” vibes. If the setup invalidates, it’s out. Simple, because simple scales.
Supported Pairs & Timeframes
- Pairs: XAUUSD, EURUSD, GBPUSD
- Timeframes: M5, M15, M30
Why these? High liquidity, strong session flows, and enough intraday volatility to make scalping worthwhile—especially on M5/M15. M30 is there for calmer market phases or traders who prefer fewer, higher-quality signals.
Key Features You’ll Actually Use
- Hybrid Signal Engine: Combines trend bias, momentum bursts, and micro-structure (pullback/breakout) validation.
- Volatility-Aware Entries: Only triggers when spread and ATR thresholds are acceptable (avoids entering into whipsaws).
- Fixed-Risk Per Trade: Position sizing by percentage or fixed lot—no martingale, no grid (unless you explicitly flip it on; default is off).
- Tight Trade Management: ATR-based stop losses with trailing options; breakeven shift after a configurable profit buffer.
- Session & News Filters: Time windows to avoid dead hours or high-impact events; optional news pause minutes before/after.
- Slippage & Spread Filters: Hard caps ensure you don’t get dragged into bad fills during spikes.
- Multi-Pair Aware: Prevents over-exposure across EUR and GBP when correlation gets spicy.
- Prop-Firm Friendly Mode: Daily loss cap, max concurrent trades, and equity-based throttles.
- Simple Presets: Ready-to-load profiles for M5, M15, and M30 on each supported pair.
- VPS-Ready: Lightweight logic and infrequent heavy computations to keep latency low.
How the Strategy Works (Without the fluff)
- Trend Bias: The EA determines if the market’s leaning up, down, or neutral using a smoothed multi-EMA slope and structure check. No bias? It can stand aside—coz not trading is a position too.
- Trigger Conditions: On pullbacks within an uptrend (or downtrend), it looks for a momentum kick (range expansion, micro-breakout, or impulse bar) with a volatility “green light.”
- Entry & Risk: Stop loss is ATR-anchored behind a micro-swing; R:R typically calibrated between 1:1 and 1:2.
- Management: Optional breakeven after X pips / ATR fraction, then trail to lock gains while giving trades some air.
- Kill-Switches: Spread too wide? Slippage exceeded? News window active? It cancels the idea. Discipline over drama, always.
Recommended Setup & Environment
- Account Type: ECN/Raw spread preferred.
- Leverage: 1:100 to 1:500 works; keep risk % sane.
- Minimum Deposit (practical): $300–$500 for multi-pair on M5/M15; you can go lower if you restrict pairs or trade M30.
- VPS: Strongly recommended for consistent execution (esp. on XAUUSD M5).
- Broker Notes: Low spread + stable execution > everything. If your average gold spread is wild, favor M15/M30 and tighten spread filter.
Installation (MT5)
- Copy Files: Place the EA in
MQL5/Experts(MetaTrader 5 → File → Open Data Folder). - Restart MT5: Or refresh the Navigator.
- Attach to Chart: Open XAUUSD, EURUSD, or GBPUSD on M5/M15/M30 and attach the EA.
- Enable Algo Trading: Click the “Algo Trading” button in MT5.
- Load a Preset: Pick the preset matching your pair/timeframe; confirm risk settings (fixed lot or % balance).
- Allow Live Trading: Make sure “Allow Algo Trading” is checked in EA inputs.
Configuration Tips (So you don’t over-tune)
- Risk Per Trade: Start with 0.5%–1.0%. You can inch up once you’ve seen live conditions.
- Max Concurrent Trades: 1–2 per pair; scale by equity and prop rules.
- Spread Filter: Keep this strict on XAUUSD; loosen slightly on EURUSD/GBPUSD during London/NY overlap.
- News Filter: Pause 10–30 minutes before/after high-impact events (NFP, CPI, rate decisions).
- Session Windows: Focus on London and NY hours for momentum; reduce signals in Asia unless volatility is elevated.
- Trail Logic: If you’re a “lock it fast” person, use tight breakeven then a patient trailing stop (ATR x 1.5–2.0).
Pair-Specific Notes
XAUUSD (Gold)
- Great on M5/M15 when volatility’s clean; avoid low-liquidity spikes around isolated headlines.
- Use a firmer spread cap and slightly wider ATR stop to respect gold’s jumpiness.
EURUSD
- Bread-and-butter pair. M5 for more signals, M15/M30 for calmer behavior.
- Session alignment matters—London open through early NY is the sweet spot.
GBPUSD
- Similar to EURUSD but punchier. If you don’t like shakeouts, prefer M15/M30 and keep risk closer to 0.5%.
Backtesting & Forward-Testing Guidance
Backtests are useful but imperfect—spreads, slippage, and news gaps won’t ever be 1:1 with live conditions. When you do test:
- Use Realistic Spreads: Inject variable spreads and slippage if your tester allows.
- Model Quality: Tick data or “Every tick based on real ticks” for best fidelity.
- Include News Pauses: If possible, match your planned news filter windows.
- Walk-Forward: Validate on multiple periods (e.g., 2022–2023 train; 2024–2025 test).
- Then Demo: Two weeks minimum on a VPS before flipping the live switch.
No magic numbers promised here; the edge comes from discipline + filters + risk sizing, not one backtest curve that looks like a staircase to heaven.
Prop-Firm Friendly Considerations
- Daily Loss Guard: Set a daily equity loss cap (e.g., 3%–5%). When tripped, trading pauses for the day.
- Max Trades & Exposure: 1 trade per pair, 2 total simultaneously to keep drawdown smooth.
- News Blocks: Hard blocks around high-impact events to respect firm rules.
- Lot Caps: If your prop has max lots per instrument, enforce in inputs.
- Journal Hygiene: Keep logs clean for audits; the EA already tags trades logically.
Risk Management (The part that actually matters)
- One risk number, always: Decide R (risk per trade). Don’t change it mid-week just coz you’re “feeling lucky.”
- Portfolio View: If you’re long EURUSD and GBPUSD, that’s effectively one idea. Consider it in your risk math.
- Drawdown Plan: Pre-agree your pause levels (e.g., 5% weekly DD → scale risk by half; 8% → pause and review).
Common Pitfalls (and how this EA avoids them)
- Over-trading chop: Filters skip low-range churn and off-hours.
- Chasing spikes: Spread/slippage gates block most late fills.
- Martingale traps: Off by default; not needed for edge.
- Ignoring costs: ATR-driven stops + spread cap keeps R:R sensible after costs.
- Settings creep: Presets exist for a reason—tweak lightly, journal everything.
Final Thoughts
Gem Forex Diamond EA V1.0 MT5 is built for traders who want repeatable mechanics over hype. It doesn’t try to predict everything; it just takes good, structured shots when the market offers them and walks away when it doesn’t. Keep the risk steady, respect the filters, and give it the right environment (ECN, VPS, sessions). That’s the playbook.
