Description

YOLO Diamond Hands EA: A Practical Review, Set-up Guide, and Risk Checklist

YOLO Diamond Hands EA – Should You Add It to Your MetaTrader Toolbox?

Table of Contents

1. What Is the YOLO Diamond Hands EA?
2. Quick Facts at a Glance
3. How the One-Directional Martingale Works
4. Key Features Explained
5. About the Developer
6. Pricing, Licence, and Updates
7. Step-by-Step Installation on MetaTrader 4 & 5
8. Broker Choice, VPS, and Account Size
9. Trading Strategy in Plain English
10. Performance Snapshot
11. Pros and Cons
12. Frequently Asked Questions
13. Tips for Safer Martingale Trading
14. Final Thoughts

What Is the YOLO Diamond Hands EA?

The YOLO Diamond Hands EA is an expert advisor built for the MetaTrader platform. It focuses on a one-directional martingale approach and can handle many currency pairs, with XAUUSD (Gold) being the most popular. Users may trade fully automatically or choose the first trade direction manually through an on-chart panel or a mobile app. After the first order, the EA manages the position sizing, hidden take profit, and breakeven levels.

Quick Facts at a Glance

How the One-Directional Martingale Works

Most martingale systems double the lot size in both directions. YOLO Diamond Hands EA is different: it only adds to the existing side (buy or sell) until the trade basket closes at a profit or hits the hidden breakeven.

Example

1. You press Buy on the panel at 1 945.00 Gold price.
2. Price dips 10 pips. The EA opens a second buy with a larger lot.
3. The average entry moves closer to the current price.
4. Trend filter checks that the overall direction is still valid.
5. When the hidden TP is reached, the entire basket closes.

Because the system sticks to a single direction per cycle, it avoids the classic “ping-pong” drawdown found in some grid EAs. That said, a martingale can still grow large during strong opposite trends, so careful lot sizing is key.

Key Features Explained

1. Full Auto Direction With Trend Filter

The EA can scan market data from the developer’s external database and open the first trade without user input. This reduces emotional decisions and keeps trades aligned with broader trends.

2. On-Chart Trading Panel

A clear Buy On / Sell On interface lets you vote on direction each day. After you click, the EA takes over.

3. Hidden Take-Profit and Breakeven

Targets remain invisible to brokers, which can help avoid price shading. The EA manages these levels internally.

4. Mobile App Control

Open a 0.01 start order from MetaTrader Mobile; the EA recognises it and begins its sequence. Handy when away from the desk.

5. Multi-Currency Support

Although optimised for XAUUSD, the code reads market info for EURUSD, GBPUSD, USDJPY, and more. Only run one copy per chart.

6. No .SET Files

Settings are built in. The developer argues that dynamic code fits different brokers better than fixed presets.

7. Auto-Update

The licence includes future upgrades; simply restart MetaTrader to receive them.

About the Developer

INREXEA LIMITED started in 2016 in Hong Kong. According to their MQL5 profile, their early work mixed standard indicators and public data feeds. Over time, they decided to reduce reliance on broker feeds alone. Their newer products, including YOLO Diamond Hands EA, fetch trend data from a proprietary database hosted on the cloud.

The team publishes trading signals on MQL5 under the same brand, which recorded periods of over 140 % growth in a single month. Past performance is not a guarantee of future results, but the live signal gives transparency for interested traders.

Pricing, Licence, and Updates

All updates are free for licence holders. Users should join the product’s discussion page to be notified of version changes.

Step-by-Step Installation on MetaTrader 4 & 5

1. Purchase the EA on the official MQL5 product page.
2. Open MetaTrader and log in with the same MQL5 account used for purchase.
3. Go to Market → Purchased. Click Download next to YOLO Diamond Hands EA.
4. Drag the EA onto an XAUUSD H1 chart (the recommended timeframe).
5. In the Inputs tab you will see only a few adjustable items:
   • LotMultiplier
   • MaxTrades
   • UseAutoTrend (true/false)
   • EquityStopPercent
6. Check Allow Algo Trading and Allow DLL Imports.
7. Click OK. A smiling face or green icon appears in the top-right corner of the chart.
8. Make sure no other EA trades on the same account.

Tip: Store the platform on a VPS with 99 % uptime, especially if you work with a small stop-loss buffer.

Broker Choice, VPS, and Account Size

Because a martingale can place many trades in fast succession, you need:

• Low spreads on Gold: under 15 points preferred.• Reasonable margin requirements: 1:100 to 1:500 leverage.• No dealing-desk intervention: STP or ECN.• Stable connection: A New York or London-based VPS if your broker’s servers are there.

The developer asks for 1 000 USD minimum in a standard account, or a 10 USD cent account with 0.01 lot step. Lower balances may survive on small lot multipliers, but recovery speed slows.

Trading Strategy in Plain English

1. Trend CheckThe EA pulls trend direction from its database in the cloud every 60 minutes. If the trend is up, it looks only for buys (or vice versa).
2. First EntryEither you press Buy/Sell or the EA auto-opens based on the trend. Default is 0.01 lot per 1 000 USD.
3. Martingale StepsA fixed distance, e.g., 100 points on Gold, triggers the next order with LotMultiplier × previous lot. Recommended multiplier: 1.5–2.0.
4. Hidden TargetOnce the basket’s net P/L equals the preset TP in pips or currency, the EA closes all.
5. Breakeven FallbackIf price moves far enough to cover spread plus a buffer but not the full TP, the EA may trail to a breakeven level.
6. Emergency Equity StopIf floating drawdown hits the EquityStopPercent, all positions close to protect capital.

Performance Snapshot

Below is a summary of the public signal named YOLO XAUUSD Trend (ID #774321) on MQL5, captured on 12 March 2024.

Data source: MQL5 live signal. Results may vary. Past performance is not a guarantee of future returns.

Pros and Cons

Pros

• Straightforward set-up; only a few inputs.
• Works on XAUUSD, an instrument with high volatility—ideal for martingale spacing.
• Hidden TP helps avoid broker stop-hunting.
• Manual override possible; good for users who like some control.
• Lifetime updates included.

Cons

• Martingale risk: large opposite trends can cause deep drawdown.
• No free trial; users must rely on live signals or rent.
• Needs a dedicated account; mixing EAs can cause conflicts.
• Requires constant VPS connection for data feed.
• Minimum capital of 1 000 USD may be high for new traders.

Frequently Asked Questions

Q 1. Can I run YOLO Diamond Hands EA on multiple pairs at once?A. Yes, but place each instance on its own chart and ensure enough margin for simultaneous baskets.

Q 2. What timeframe should I use?A. The developer tests on H1. Lower timeframes create more entries; higher timeframes may slow recovery.

Q 3. Does the EA work during news events?A. There is no built-in news filter. You may pause trading manually or use an external tool.

Q 4. How do I change the lot size?A. Adjust the LotMultiplier and InitialLot inputs. Always test on demo first.

Q 5. Is hedging supported?A. Only one direction is open per cycle, so classic hedge (buy and sell together) is not used.

Tips for Safer Martingale Trading

1. Keep the multiplier low. A 1.5-step increase grows size slower than 2.0.
2. Set an equity stop. 30 % to 40 % is common.
3. Withdraw profits. Taking money out reduces psychological pressure when drawdown hits.
4. Avoid Friday evenings. Liquidity thins, spreads widen, rollover fees add up.
5. Monitor high-impact news such as NFP, CPI, or FOMC. If unsure, pause auto-trading.
6. Use a cent account to trial new settings with lower real risk.
7. Log every change. Keep a spreadsheet of lot sizes, multiplier tweaks, and results.

Final Thoughts

The YOLO Diamond Hands EA offers a user-friendly path into martingale trading on MetaTrader. Its one-directional approach, trend filter, and hidden targets stand out from many grid EAs. Yet, as with any strategy that increases lot size, risk control is the deciding factor. If you start with sensible lot multipliers, a dedicated VPS, and a clear equity stop, this tool can add variety to a diversified trading plan.

Have you tried the EA, or are you considering it? Share your experience in the comments below, and feel free to ask for set-up advice—we respond to every question.

Risk Disclaimer: Trading foreign exchange or contracts for difference on margin carries a high level of risk and may not be suitable for all investors. Past performance of the YOLO Diamond Hands EA does not guarantee future results. Do not trade money you cannot afford to lose.

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