FxDiverse requires no need for trading knowledge from the traders as it works with full automation. According to the vendor, traders can set up the amount of profit they desire during each session, and the robot will try its best to achieve it. There is also a possibility to choose the kind of trading and risk desires.
Is FxDiverse Still Profitable?
The track records available on Myfxbook show that the system is profitable; however, the ratio between monthly gain and drawdown is not suitable. The account loses more than 50% of its value for a 1-3% output.
The developers fail to provide any information on their whereabouts and trading experience. This type of approach raises many questions on the authenticity of the expert advisor. A poor programming experience leads to malfunctioned trading systems which can cause margin calls on your account.
In the strategy context, we face more disappointments as there is no mention of the game place that the expert uses. The developer only mentions that traders can use it on 3 to 28 currency pairs and use the money management options built to control profits and risks. To analyze better, we used the history on Myfxbook. From there, it is evident that the algorithm uses a swing approach to trades as the average position holding duration is 17 days. It opens trades on multiple currencies at one time and closes them altogether. There is no stop loss or take profit attached to trades.
How to start trading with FxDiverse?
The algorithm can be placed within the experts’ directory of the MetaTrader platform. Afterward, traders can enable the auto-trading button and place the EA on respective charts to begin trading. It is unclear which edition of the software it works for currently. The product is presented through a single webpage which gives little to no information on the settings and recommendations.
There is no recommendation on leverage. However, the company uses 1:500 for their trading account on Myfxbook.
The robot is available for a yearly price of $235. Traders can also purchase a lifetime license for $275 for any account. There is a 30-day money-back guarantee if you are not satisfied with the product. The packages come with free updates and 24/7 support.
There are no backtesting results available for the robot that could explain how the expert advisor performed during an extensive history. The robot might have failed during historical tests that is why the developer would not have shared them.
Verified trading records are available on Myfxbook that show performance from Feb 12, 2015, till the current date. The system made an average monthly gain of 3.69% during the period, with a drawdown of 47.15%. The stated drawdown is quite high in regards to the monthly gain. It means that the expert advisor loses more than half of the capital during trading. The winning rate stood at 56%, with a profit factor of 1.32. The best trade was $23192.78, while the worst was -$14786.88. There were a total of 2451 trades. The robot made $10000 in deposits and $0 in withdrawals.
There is only one customer review on Forex Peace Army where the trader complains about the high drawdown the system has.
The system has the following benefits:
- It comes with a 30-day money-back guarantee
We have the following cons for the system:
- Poor live results on Myfxbook
- No transparency from the developers
- The drawdown is high
FxDiverse is not a good trading robot that shows a high amount of drawdown compared to monthly output. It can cause a margin call in your account. All the negative points do not make it a good option for investment.