GOLDEN PICKAXE EA MT4 – Full Input Settings Analysis

Golden Pickaxe EA uses a mean-reversion grid trading approach supported by machine learning technology to gain profit in profitable market conditions. It is designed for the MetaTrader 4 platform and is specialized for trading GOLD currency pairs on the M1 timeframe. Founded on actual market inefficiencies, Golden Pickaxe EA guarantees a competitive advantage. Either the default setting (XAU Risky) can be used by the users or the settings can be modified easily as per their own choice.

Buy GOLDEN PICKAXE EA product here

Set up Capital Management & Risk Management

• Lot Size & Risk Management:
  • Lot Size at Start: 0.01
  • Low Risk Mode: On (0.5% load) – EA is already trading with low-risk settings.
  • Dynamic Lot Sizing: Off – lot size does not adjust dynamically according to account equity.
• Capital & Drawdown Limits:
  • Max Daily Drawdown: 0% (Off)
  • Max Floating Drawdown: 100.0 – effectively no drawdown limit
  • Trailing Stop Loss: Not active (Trailing SL size = 100.0, but not enabled to run)
• Trading Conditions:
  • Minimum Free Margin Requirement: 0.0 – there is no minimum margin requirement
  • All most advanced drawdown protection features are disabled

Trading Strategy & Trading Timing

• Order Execution:
  • Executes Buy and Sell orders without any limit on open orders.
  • Works with multiple strategies: ATR, EMA, Channel-based, Machine Learning (ML), and Neural Network Filter.
  • Functionalities like “Perception Training” and different ML algorithms are turned off or not utilized.
• Current settings:
  • Channel Period: 10
  • ATR Period: 8
  • EMA Period: 10
• Trading Time:
  • Pre-defined trading window: From 23:00 to 23:45, Monday through Friday.
• Rollover protection:
  • Rollover Start: 23:00
  • Rollover End: 10:00
  • The EA does not trade during the rollover hour.
• Grid Strategy & TP/SL Settings:
  • Take Profit: 6 pips
  • Grid Distance: 80 pips
  • Multiplier Range: 1.5 → 2.0
  • Custom Multipliers: 1.2, 4.8, 1.2, 4.8, 1.24, 1.69

News Add-ons and Filtering

• News Filter:
  • News Filter On: YES
  • Wait Before News Events: 15 minutes
  • Block Entry Trades Before Big News: YES (with advanced News Filter)
  • Force Basket Closure Near News Events: NO
• Notifications & Trade Management:
  • Push Notification on SL/TP Hit: NO
  • “Smart Distance” and “Pause Between Grid Trades” Features: OFF (False)
• Special Market Settings:
  • SPX500 Filter (Stock Market Crash Protection): Suspended trading when Volatility goes above 40–48
  • Debug/Backtest Options: Supports multiple custom settings (Debug Mode, Backtest Settings)

Link to buy GOLDEN PICKAXE EA