Golden Pickaxe EA MT4 v2.23 + SetFiles (Official version)

What is Golden Pickaxe EA MT4 

Golden Pickaxe EA MT4 is a next-generation automated trading system for MetaTrader 4 (MT4), designed to maximize profit and minimize risk through the use of machine learning, neural networks, and a mean-reversion grid trading strategy. Whether you’re a beginner or a seasoned trader, this EA makes Gold (XAUUSD) trading easier, safer, and more profitable.

About the Developer

•  Author: Valeriia Mishchenko
•  Experience: Over 3 years  of experience on MQL5.
•  Notable Products: Golden Pickaxe, Night Hunter Pro, Evening Scalper Pro and others. 
•  Flagship Product: Synapse Trader MT4 is the best performing product.

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Golden Pickaxe EA MT4 Overview

Key Features of Golden Pickaxe EA MT4

🔻 Core Trading Strategy

• Mean-reversion grid trading explained
• Role of machine learning in trade decisions
• Self-learning neural networks

🔻 Built-in Risk Management Tools

• Automatic Stop Loss (SL) & Take Profit (TP)
• Risk-reduction filters (market crash, news events)

🔻 Customization and Monitoring

• Flexible strategy customization
• Integrated performance monitoring dashboard
• Filters for trading during major news

Advantages of Using Golden Pickaxe EA MT4

•  High trading performance (backed by real data)

•  Safety mechanisms to avoid high volatility

•  Customizable to suit user preferences

•  Beginner-friendly and easy to operate

Golden Pickaxe EA MT4 Review

🔵 Myfxbook Verified Performance:

• Gain: +1,435.79% from $100 capital
• Duration: Long-term live trading
• Transparency and reliability through Myfxbook
• Real Signal Myfxbook: Click here

Golden Pickaxe EA Myfxbook

🔵 Real Account Results:

• Initial Deposit: $100
• Profit: +667% over 107 weeks
• Max Drawdown: 51.8%
• Trading instrument: XAUUSD (Gold)
• Performance analysis and implications
• Live signal: Click here

Real trading results of Golden Pickaxe

🔵 Backtesting Results:

• Period: 2005–2022 (17 years)
• Results: Long-term stability, high returns
• Resilience in changing market conditions

Golden Pickaxe EA Backtests

Community Ratings and User Feedback

🔻Highly rated and trusted by the MQL5 trader community as a tool to master the Gold market. Here are the 5 star reviews.

Golden Pickaxe is highly rated by users

What is included in the package?

🔻Experts:

• Golden Pickaxe EA v2.23 (Official version).ex4

• Golden Pickaxe EA v2.23_fix_1422+.ex4
• Golden Pickaxe EA v2.19_1422+.ex4

🔻Presets:

• XAU Classic.set
• XAU Balanced.set
• XAU Risky.set
• XAU Balanced Vol.set
• XAU Risky Vol.set

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How To Set Up EA

🔻Golden Pickaxe EA is a professional-grade, low-risk Expert Advisor tailored for FTMO compliance and automated trading. This step-by-step guide explains how to install and configure it efficiently for MetaTrader 4.

Golden Pickaxe EA MT4 setting

🔵 Step 1: Installation

1. Download the GoldenPickaxeEA.ex4 file.
2. Open MetaTrader 4.
3. Go to: File → Open Data Folder.
4. Navigate to: MQL4 → Experts.
5. Paste the EA file here.
6. Restart MT4 or refresh the Navigator panel.
7. Attach the EA to a chart (any major pair recommended).

🔵 Step 2: Core Risk Management Settings

• Lot-sizing Method: Low Risk Set (0.5%)
• Fixed Lot: 0.01 (if fixed mode is active)
• Dynamic Lot: 0.01 per $10,000 balance
• Deposit Load %: 0.25% per trade
• Max Lot per Order: 100.0 (high limit, rarely reached)
• Rounding Method: Round half up

🔵 Step 3: Trading Logic & Execution

• Auto Trading Enabled: true
• Manual Trading Buttons: false
• Direction: Buy and Sell
• Auto Split Orders: true
• Max Slippage: 50 points (adjust if needed)
• Max Symbols at Once: 2
• Min Free Margin %: 0.0 (use with caution)

🔵 Step 4: FTMO Risk Rules & Protections

• Max Floating DD: 100% (placeholder — customize this)
• Max Daily Drawdown %: 100.0 (set to FTMO limits)
• Max Daily Drawdown $: 0.0 (disabled — enable this!)
• Action on DD Breach: Close all trades & stop for 24h
• Drawdown Calculation Type: This strategy only

🔵 Step 5: Portfolio & Hedging Settings

• Portfolio Mode: false
• Allow Hedging: false
• Disable Same-Side Trades: false
• Allow Multi-Pair: true (up to 2)

🔵 Step 6: Safety & Technical Filters

• Avoid Trading on Holidays: true
• Max Open Lots Filter: Unrealistically High – lower this for real accounts
• Check Margin for All Grid Levels: true
• Check Bars for Errors: true

Conclusion

Golden Pickaxe EA MT4 is a top-tier forex robot engineered for maximum profitability and minimum risk in the Gold (XAUUSD) market. Backed by verified live results, advanced AI technology, and a growing community of satisfied users, it’s the ultimate tool for serious traders aiming to dominate the gold market with minimal effort.

>>> Reviewed by Jason Stap <<<