Golden Pickaxe MT5 is a grid trading EA for Gold (XAUUSD), using machine learning, risk control and smart filters with stable profits. Verified by MyFxBook.
Original price was: $2,800.00.$599.00Current price is: $599.00.
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Golden Pickaxe MT5 is an advanced XAUUSD Gold trading Expert Advisor (EA) for MetaTrader 5, designed around a mean-reversion grid trading strategy enhanced with machine learning technology. The system seeks to identify market inefficiencies and potential price reversals in the Gold market, using predefined trading configurations and customizable risk settings.
The EA is specifically optimized for XAUUSD (Gold) on the M1 timeframe and includes five predefined set files, effectively providing five different approaches to trading Gold. Traders can select the default XAU Risky configuration or customize the strategy according to their preferred risk level and trading objectives.
One of the key features of Golden Pickaxe MT5 is its ability to retrain its neural network using broker-specific market data, allowing the machine learning component to adapt to the characteristics of the trading environment.
• Author: Valeriia Mishchenko
• Experience: Over +3 years of experience on MQL5.
• Notable Products:  Golden Pickaxe MT5, Perceptrader AI MT5, News Catcher Pro MT5, Night Hunter Pro MT5, Evening Scalper Pro MT5, Waka Waka EA MT5 and others.
• Flagship Product: Golden Pickaxe MT5 is rated as the best performing product of the year.
>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).>> Reviewed by Jason Stap <<<
Golden Pickaxe MT5 combines mean-reversion trading, grid execution, technical filters, and machine learning to search for trading opportunities on XAUUSD M1.
The system analyzes price behavior and market conditions to identify potential inefficiencies and situations where price may revert toward a more favorable level. When the required conditions are satisfied, the EA can open an initial trade and subsequently manage additional positions according to its grid configuration.
The strategy can use Donchian Price Channels to determine price levels, while the Daily EMA can help identify the broader market direction. A volatility filter is also available to avoid opening trades during potentially unfavorable conditions.
The machine learning component adds another layer of analysis. Traders can enable the Neural Network Filter, set a minimum predicted probability of profit, and optionally retrain the neural network using broker-specific data.
Once a grid is active, the EA manages trade spacing and position sizing according to parameters such as:
This combination allows Golden Pickaxe MT5 to automatically manage a complete trading sequence rather than relying solely on a single market entry.
Golden Pickaxe MT5 may be an interesting option for traders who want an automated XAUUSD M1 trading system with machine learning capabilities and extensive customization.
A major advantage is the ability to retrain the neural network using data from your own broker. This gives experienced users greater flexibility when adapting the EA to different market environments.
The EA also provides several layers of filtering, including news, volatility, stock market crash, trend, and machine learning filters. These features are designed to help the system avoid certain unfavorable trading conditions.
Another advantage is its flexibility. Traders can select from five predefined systems or modify individual parameters related to money management, strategy filters, machine learning, and grid behavior.
For users who prefer automated Gold trading, the combination of machine learning + mean reversion + grid trading makes Golden Pickaxe MT5 a feature-rich solution for MetaTrader 5.
🔺 Verified by MyFxBook
Golden Pickaxe MT5 Verified by MyFxBook
🔺 Live Trading Results
Golden Pickaxe MT5 Live Resultss
🔺 Risky Vol Settings
Golden Pickaxe MT5 Backtest Results
🔺 Balanced Vol Settings
Golden Pickaxe MT5 Backtest Result
Golden Pickaxe MT5 provides extensive risk and money management options, allowing traders to adjust the system according to their account size and risk tolerance.
The Lot-sizing Method can be configured using several approaches:
The EA also allows traders to control whether new grid sequences can be opened through the Allow Opening a New Grid option.
Grid exposure can be managed using:
Golden Pickaxe MT5 also includes a Volatility Filter, News Filter, and Stock Market Crash Filter, which are designed to reduce exposure during potentially dangerous market conditions.
The developer recommends using a good ECN broker and running the EA continuously on a VPS.
Backtesting should be performed using Tick Data Suite with GMT+2 and US DST, as this configuration is stated to correspond with the GMT offset used by many brokers.
Importantly, grid trading can increase exposure as additional positions are opened. Traders should therefore carefully evaluate drawdown, margin requirements, leverage, and account size before using higher-risk settings.
Despite its advanced features, Golden Pickaxe MT5 is not a risk-free trading system.
The primary risk comes from its grid trading structure. During a strong and prolonged Gold trend that moves against the strategy, multiple positions may accumulate. This can significantly increase margin usage and floating drawdown.
The machine learning component should also not be interpreted as a guarantee of profitable trades. Neural networks are trained using historical data, and market conditions can change over time.
Users should also consider the following risks:
According to the provided requirements, with 1:30 leverage, users are advised not to use higher than low-risk settings on accounts below approximately $6,000. With 1:100 leverage, the developer indicates that significant-risk settings may be suitable for an account around $1,000, subject to the trader’s own margin and risk assessment.
Never risk money you cannot afford to lose.
Installing Golden Pickaxe MT5 is relatively straightforward, but the EA must be configured correctly before live trading.
Install the Golden Pickaxe MT5 Expert Advisor into your MetaTrader 5 platform and restart the terminal if necessary.
Open an XAUUSD / GOLD chart on the M1 timeframe.
The EA should be attached to only one XAUUSD M1 chart.
Make sure your MetaTrader 5 trading account supports hedging, as this is a requirement of the EA.
Golden Pickaxe MT5 requires access to the news list website and time server for its news filtering and time-detection functionality.
Make sure the required URLs are permitted in the MetaTrader 5 Expert Advisors settings.
Choose one of the five predefined set files according to your preferred trading approach and risk level.
Alternatively, experienced users can customize the EA’s parameters manually.
Set the appropriate:
Start with conservative settings when testing the EA.
If desired, enable the Neural Network Filter and configure the minimum probability of profit.
Advanced users can also enable Perceptron Training Mode and customize parameters such as dataset size, hidden-layer neurons, training algorithm, and restart count.
For uninterrupted automated trading, run the EA on a reliable Forex VPS and keep MetaTrader 5 connected to the broker continuously.
Before deploying the EA on a live account, perform extensive backtesting and forward testing using realistic broker conditions.
For backtesting, the provided specifications recommend Tick Data Suite, GMT+2, and US DST.
🔺Golden Pickaxe MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:
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Golden Pickaxe MT5 is a feature-rich machine learning Gold trading EA designed for XAUUSD M1. By combining mean-reversion trading, grid management, neural network filtering, market-condition filters, and flexible money management, the EA offers a wide range of customization options for automated Gold trading.
Its ability to retrain the neural network using broker-specific data is particularly interesting for traders who want to experiment with adaptive machine learning strategies. The five predefined configurations also make it easier for users to test different approaches without building a strategy entirely from scratch.
However, the grid-based structure means risk management is extremely important. Strong one-directional moves in Gold can lead to multiple open positions, increased margin requirements, and significant drawdown.
For this reason, Golden Pickaxe MT5 should be thoroughly backtested and forward-tested before live deployment. Conservative risk settings, sufficient free margin, a reliable broker, and continuous VPS operation can help create a more controlled automated trading environment.
Golden Pickaxe MT5 is best suited for traders who understand the risks of automated Gold grid trading and want a customizable MT5 Expert Advisor with machine learning capabilities.
1. What is Golden Pickaxe MT5?
Golden Pickaxe MT5 is an AI-powered mean-reversion grid trading Expert Advisor designed exclusively for Gold (XAUUSD). It uses machine learning, volatility filters, and advanced risk management to identify high-probability trades and deliver consistent performance.
2. How does Golden Pickaxe MT5 work?
The EA applies a mean-reversion grid strategy combined with neural network filtering to detect profitable entry and exit points. It adapts to market inefficiencies, uses probability-based trade execution, and includes protective filters against news events and market crashes.
3. Is Golden Pickaxe MT5 suitable for beginners?
Yes. Golden Pickaxe MT5 comes with five predefined set files (such as XAU Classic, Balanced, and Risky modes) that allow beginners to start trading easily. The EA also features a simple one-chart installation on the M1 timeframe, making setup quick and user-friendly.
4. What risk management features does Golden Pickaxe MT5 include?
It offers multiple lot-sizing options (fixed, dynamic, balance/equity-based, or deposit load %), customizable drawdown limits, and probability-based filters. Additionally, it includes news and crash filters to protect accounts during high volatility events.
5. What performance results has Golden Pickaxe MT5 achieved?
Live Trading: +194.52% gain verified by MyFxBook with a 93.1% win rate.
Backtests (2005–2022): $1,000 grew into $74M (risky mode) with a max drawdown under 17%.
These results show the EA’s strong potential for profitability while maintaining controlled drawdowns.
6. What do I get when purchasing Golden Pickaxe MT5?
The package includes:
Expert Advisor files
Installation Guide
Preset strategy files (XAU Classic, Balanced, Risky, Balanced Vol, Risky Vol)
This ensures you can quickly set up the EA with strategies tailored to different risk preferences.
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