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Golden Pickaxe: Stop-loss settings
Golden Pickaxe: Stop-loss settings

Once you load Golden Pickaxe on your chart, pop-up box will appear showing the settings of your EA. Make sure that all the settings and alerts are correct before clicking OK.

Golden Pickaxe Machine stop-loss settings:

  • TakeProfit for Initial Trade, in pips - take profit for the initial trade (if no grid trades opened)

  • StopLoss for Grid, in pips (50000 pips if zero) - stop-loss for the initial/grid trades

  • Hide StopLoss? - on/off stop-loss hiding

  • Trailing SL Size, in pips [0-disabled] - trailing stop in pips based on the grid breakeven point (=weighted average entry price of all orders including SWAPs and commissions)

  • Trailing SL Start, in pips - number of pips in profit at which the trailing SL is activated

  • Randomize Order/TP Levels - if enabled, the EA will randomly slightly change the TP/SL levels. This option allows you to have a unique TP/SL

  • Max Random Delay before sending Orders, sec [0-disabled] - maximum random delay in seconds before sending an order. Values over 15 seconds are not recommended

  • Allow sending SL along with an order (for a non-ECN acc.) - if true, then the EA will send SL along with orders. If false, then SL will be set after the order is sent and executed

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Golden Pickaxe: Description & Features
Golden Pickaxe: MyFxBook & MQL5 Live Signal
Golden Pickaxe: Back-testing
Golden Pickaxe: How to install
Golden Pickaxe: Risk management
Golden Pickaxe: MM & Risk settings
Golden Pickaxe: Time settings
Golden Pickaxe: Grid settings
Golden Pickaxe: Strategy
Golden Pickaxe: Machine Learning setup
Golden Pickaxe: Perceptron training
Golden Pickaxe: How to train Perceptron
Golden Pickaxe: Take-profit settings
Golden Pickaxe: News filter settings
Golden Pickaxe: Stock market crash filter settings
Golden Pickaxe: Back-test settings
Golden Pickaxe: Additional settings