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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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
🔵 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
🔵 Backtesting Results:
- Period: 2005–2022 (17 years)
- Results: Long-term stability, high returns
- Resilience in changing market conditions
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.
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.
🔵 Step 1: Installation
- Download the
GoldenPickaxeEA.ex4file. - Open MetaTrader 4.
- Go to:
File→Open Data Folder. - Navigate to:
MQL4→Experts. - Paste the EA file here.
- Restart MT4 or refresh the Navigator panel.
- 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 <<<
