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 Strategy settings:
Percentage Pips Mode - enable/disable percentage pips mode. 1 percentage pip = 0.0001 * Current Price
Daily ATR Period - period of the daily ATR indicator
Price Channel Period - period of Donchian channels used to calculate the upper/lower levels.
Price Channel Time Frame - allows you to set working TF for the Donchian channels.
Channel Crossing – if true, then the EA opens trades only when the price crosses the upper/lower level and does not use repeatedly broken levels
Daily EMA Period [0-disabled] - period of the daily EMA indicator for calculating the medium-term trend
Volatility Filter - value of the volatility filter that allows you to avoid risky trades during periods of high volatility
Cover Swaps - if true, the EA adjusts the TP to cover any possible loss due to the swap. Set it to false if you want to deactivate this option
Open Opposite Trade - if true, the EA will open an additional initial trade in the opposite direction as soon as the initial order/trade is executed
Hour to Close & Stop Trading on Friday [0-disabled] - possibility to stop the EA on Friday at a specified hour
Initial Delay for Portfolio Mode, ms - time delay, which will be set automatically based on the UID value. This delay is necessary to ensure one set file recognizes the opened trades of another and skips the trading signal. Please note that set files of the same EA must have a unique UID!
For example, if you run 2 set files on the same account and want to prevent the same pair from being opened by both set files simultaneously, then I recommend setting as follows:
- First set file: Portfolio Mode=true, UID=0
- Second set file: Portfolio Mode=true, UID=1Consider PAI Orders (Portfolio only) - the EA will take into account open trades of Perceptrader AI in portfolio mode.
Consider WAKA Orders (Portfolio only) - the EA will take into account open trades of Waka Waka in portfolio mode.