Golden Pickaxe is a mean-reversion grid trading system that uses machine learning technology to place high-profit potential trades on the Gold market. It uses real market inefficiencies to its advantage to have an edge over the market. The EA has 5 predefined set files, which are essentially 5 different trading systems on gold. You may choose the default option (XAU Balanced Vol) or have your own preference.Features:Trading style: GridSupported currency pairs: XAUUSD Timeframe: M1 (1 minute)Not sensitive to slippagesUses MartingaleFIFO/FTMO compatible+1 year verified MyFxBook+1 year MQL5 live signalProfit calculatorLow-potential trade filtering with Perceptron-based machine supervised learning technologyAllows you to retrain neural network on your broker's dataStatistic panel with self diagnostic system and neural network forecast indicator5 risk management sets+20 years high-quality back-testing dataOne chart-setupMulti-currency pairs supportAdvanced news filter, Stock market cash filter, New year holiday filterAuto GMT detectionNeed to run on VPSMarket execution14 days free trial, 30 days money-back guarantee2 months free ValeryVPSTelegram private group

One crucial aspect in the realm of Expert Advisors is the ability to verify their track records using a reliable third-party platform. In this industry, there are unfortunately numerous individuals with malicious intentions who make false claims about their EAs, aiming to deceive unsuspecting individuals venturing into Forex trading.Without a trustworthy third-party platform that tracks the performance of Expert Advisors over time, it becomes challenging to ascertain their actual capabilities. As a result, you are left with the option of either blindly believing the claims made by the developer or questioning their authenticity.Fortunately, there are several reputable third-party platforms available for verifying track records, with MyFxBook and MQL5 being the most popular and trustworthy choices. They provide a comfortable trading environment, facilitate analysis of trading systems and accounts, and encourage idea-sharing among traders. Advanced traders can optimize their forex trading systems and monitor their trading performance, while investors and managers can connect with each other. MyFxBook and MQL5 ensure guarantee, security, and transparency in these interactions. To ensure transparency and trust, I maintain verified public MyFxBook and MQL5 profiles. It showcases more than 15 different track records of variations of my expert advisors, each with different configurations. These profile updates in real-time with every trade executed in my official accounts, meticulously recording the trading history.Golden Pickaxe verified MyFxBook track record:Golden Pickaxe Balanced VolGolden Pickaxe verified MQL5 live signal:Golden Pickaxe Balanced Vol

Before ever deciding to trade with an Expert Advisor, it is a good idea to back-test it. Backtesting is a method of analyzing how well a trading strategy could perform by applying it to historical data from the real world. It helps you compare different strategies and choose the one that gives you the best results.The idea behind backtesting is that strategies that worked well in the past are likely to perform well in similar market conditions in the present and future. By testing trading plans on previous datasets that closely match current market conditions, you can see how they would have performed before actually making any trades.However, it's important to remember that backtesting doesn't guarantee success in the current market. Past results are not a foolproof indicator of future performance. Backtesting is simply a part of doing your research before entering a trade. It helps you understand the potential volatility of an asset and take steps to manage your risk accordingly.You should also keep in mind that real trades involve fees that may not be considered in backtests. It's crucial to account for these trading costs when conducting simulations, as they will affect the profit-loss margins on a live trading account.That’s why constantly back-test all of my Expert Advisors, with real tick data and 100% accuracy trading history. Here you have links to +20 years of backtests for Golden Pickaxe EA:Golden Pickaxe back-testing data

Once you’ve selected a broker and opened an account with them, you can proceed to install Golden Pickaxe Expert Advisor in order to start trading with itThere are three different things you will need for that:VPS (Virtual private server): A virtual machine offered as a service, that can be accessed remotely. I strongly recommend you to install my EAs on a VPS to ensure they will be able to run continuously without interruptions, or needing to have your PC switched on all day long.Trading platform (MetaTrader 4 or 5): The gateway platform that will connect your Forex broker and my Expert Advisors. You will be using MetaTrader 4 or 5, the most popular and complete platforms used for Forex retail trading.Expert Advisor files: These are my Expert Advisor .EX4/.EX5 files that you will be loading in your MetaTrader 4 or 5 platform, in order to trade with them in your account.To make the installation process as simple and flexible as possible, you can choose three different options:“Easy installation” (recommended): Where you get everything done for you, by simply accessing to a ValeryVPS server, where you’ll find all my Expert Advisors already downloaded, installed & configured in all of the main MetaTrader brokers, ready to go. Best for beginner/intermediate traders.“Manual installation”: Where you download, install, and configure my Expert Advisors by yourself, in your preferred VPS or your own computer. Best for advanced/professional traders.“MQL5 installation”: Where you download, install and configure my Expert Advisors in your MQL5 VPS or own PC, directly through the MQL5 marketplace platform.It’s up to you which one to choose, and it will probably depend on how much experience you have with Expert Advisors and MetaTrader platforms in general.

When trading with a grid you do not usually experience realized losses, but you get floating drawdowns from time to time. Significant ones are usually rare, but it all depends on risks you setYou can set very high risks and lose the whole deposit in one go even on a small market movement or you can use lower risks and survive even another 2007-2009 financial crisis without a scratchHow to best deal with that? I usually recommend doing the following:Imagine the biggest floating drawdown you can handle with the EA. Multiply that by 2. After that select risks level with which you did not have the historical drawdown exceeding this multiplied valueWhy should you multiply the drawdown? Any trading system will eventually surpass the historical drawdown. Grid trading has a larger risks variability over time, so it needs this x2 margin to account for many things that will happen in the future that we don’t know yetBelow you can find the table with Golden Pickaxe test results on high-quality tick data from different sources:

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 money management & risk settings:Check for Instances of the EA - checks that only one instance of the EA is running at a time. If EA detects other instances with the same UID, trading will be disabledAllow Opening a new Grid? - on/off opening of new grids. It does not affect the already open gridsAllow Manual Trading Buttons - enable/disable manual trading buttons that allow you to manually open an initial trade: the EA will pick up the manually opened trade and manage it as usual. The buttons are affected by the following parameters: Symbols, Maximum Spread, and Maximum Symbols at a timeLot-sizing Method - select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the "Fixed lot" parameter, Dynamic Lots will use 'Dynamic Lot' parameter, Deposit load will calculate lots based on deposit load%, and 4 predefined presets will calculate risk automatically for youFixed Lot - fixed trading lot for the initial tradeDynamic Lot (Balance/Equity based) - balance/equity to be used per 0.01 lotDeposit Load % - % of the deposit that will be totally used to open the initial tradeFixed Initial Deposit? (Tester only) - lot size will be calculated based on the initial deposit; new profits will not be taken into accountTester Withdrawal (Tester only) - the withdrawal will take place if the account equity exceeds the specified value. For MT5 onlyWithdrawal Amount (Tester only) - amount to withdrawal.  For MT5 onlyRounding Method - allows you to choose the method of rounding fractional lots to calculate trading lot sizesMax Lot per Order - maximum size of a single orderAuto Split? - option allowing the EA to trade with any lot size/volume without limits. Most brokers have a limit of 100 lots per order, so if the option is enabled, the EA will automatically split a large trading volume (e.g. 10000 lots) into multiple smaller orders (not more than 100 lots per the child order). It is intended to be used in tester to allow testing the EA on all the available historyMaximum Spread, in pips - maximal allowed spreadMaximum Slippage for a non-ECN acc, in pips - max allowed slippageAllow Hedging? - allow opening multi-directional trades on the same symbolAllow Trading on Holidays? - on/off Christmas/New Year trading filterAllow to Buy/Sell - on/off Buy/Sell tradesMinimum Free Margin % [0-disabled] - if Free Margin% falls below the specified value, the EA will not place new pending orders and will cancel already placed onesHide TakeProfit - allows you to hide take profitMax Open Lots (Filter) - the EA will not send new initial orders if the volume of all positions opened by the EA exceeds the specified valueMax Floating Drawdown % - if current floating drawdown exceeds the specified % the EA will close open positionsMax Floating Drawdown in Money [0-disabled] - if current floating drawdown exceeds the specified value in money the EA will close open positionsMax Daily Drawdown Limit % FTMO Rules - maximum daily drawdown limit, calculated according to the FTMO rules. Non-trading operations (like withdrawals) during the day are not taken into accountMax Daily Drawdown Limit in Money FTMO Rules [0-disabled] - maximum daily drawdown limit in MONEY, calculated according to the FTMO rules. Non-trading operations (like withdrawals) during the day are not taken into accountMax Daily Drawdown Reset Hour FTMO Rules (Broker time) - hour to reset the max. daily drawdown with the prop firmMax Drawdown Action - allows you to specify actions to be taken after the max. drawdown is reached (in money or %):   - 'Close trades & stop trading for 24h' - the EA will close all open trades/grids and will not open new ones for 24 hours;- 'Close trades & stop trading until restart' - the EA will close all open trades/grids and will not open new ones until the EA/MT restarts;- 'Prohibit opening new trades' - new grids will be prohibited as long as the floating drawdown is above a specified value;- 'Prohibit opening new trades until restart' - new grids will be prohibited until the EA/MT restartsMax Drawdown Calculation - allows you to specify how the maximum drawdown is calculated:    - 'The account' - takes into account all positions opened on the account, including trades opened manually or by other EAs;    - 'This strategy' - takes into account only positions opened by this EAHandle Max Drawdown Events on Every Tick - enable/disable drawdown event handling on every tick (instead of once a minute which is used by default, it may consume more CPU resources)Check Margin for all Grid Levels - if true, the EA will check if there is enough free margin to open all grid levels at the same time. If not enough, the initial lot size will be reducedCheck Bars for Errors - if true, the EA will check the relevance of historical data and bar opening time. Turn it off if your broker uses non-standard bar opening time (for example hh:02, hh:17, hh:32, hh:47)Max Daily Drawdown Type FTMO - allows you to customize the daily drawdown calculationDo Nothing if During Rollover - set to true if you want to ignore max. drawdown checks during rolloverMax Open Lots Adjusted For... - allows you to adjust Max Open Lots for balance or equity so that it will grow proportionatelyForce Basket Closure once the Initial Order is Closed - option to force basket closure once the initial order/trade is closed by TP or by manual interventionMax Floating Drawdown % for each Symbol, separated by comma - allows you to specify the max. drawdown % separately for each symbolRemove StopLoss During Rollover - removes StopLoss for all orders at the specified rollover timeMaximum Symbols at a time - maximal allowed number of symbols that can be opened at the same timeDisable Trades on the Same Side of a Currency - this option disables the opening of new initial trades on the same side of a currency

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 time settings:Hour to Start Trading - hour to start trading (for initial orders only).Minutes to Start Trading - minutes to start trading (for initial orders only).Hour to Stop Trading - hour to stop trading (for initial orders only).Minutes to Stop Trading - minutes to stop trading (for initial orders only).Trade on Monday - enable/disable trading on Monday.Trade on Tuesday - enable/disable trading on Tuesday.Trade on Wednesday - enable/disable trading on Wednesday.Trade on Thursday - enable/disable trading on Thursday.Trade on Friday - enable/disable trading on Friday.Rollover Start Hour - rollover start hour.Rollover Start Minutes - rollover start minutes.Rollover End Hour - rollover end hour.Rollover End Minutes - rollover end minutes.Send Orders During Rollover - enable/disable sending orders (including grid trades) during rollover time.Remove TakeProfit During Rollover - removes TP for all orders at the specified rollover time. This option helps to avoid closing trades via TP during bad trading conditions since slippage can turn a profitable trade into a losing one.

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 grid settings:Trade Distance - min. step in pips between grid(averaging) tradesSmart Distance? - auto- adjusts the trade distance depending on market volatility2nd Trade Multiplier - multiplier for the 2nd trade3rd-5th Trade Multiplier - multiplier for the 3rd-5th trades6th- Trade Multiplier - multiplier for the 6th-.... tradesMaximum Trades - max number of grid(averaging) tradesCustom Multipliers sep. by comma (e.g. 2,4,8,12,18,27,41,61) - custom multipliers for each GRID step separated by a comma, for example - 2,4,8,12,18,27,41,61. This parameter has a higher priorityGrid Level to Start (1-initial trade) - allows you to skip a certain number of grid levels, trading will start from the specified level. To calculate entries correctly, the EA opens "marker" orders at skipped levels with a minimum lot sizeKeep Original Profit Level & Lot Size - when skipping grid level, the EA will keep profit target and lot sizes from the original strategy. This can help boost performance

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 PriceDaily ATR Period - period of the daily ATR indicatorPrice 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 levelsDaily EMA Period [0-disabled] - period of the daily EMA indicator for calculating the medium-term trendVolatility Filter - value of the volatility filter that allows you to avoid risky trades during periods of high volatilityCover 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 optionOpen Opposite Trade - if true, the EA will open an additional initial trade in the opposite direction as soon as the initial order/trade is executedHour to Close & Stop Trading on Friday [0-disabled] - possibility to stop the EA on Friday at a specified hourInitial 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. 

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 learning settings:Enable Neural Network Filter – enable/disable filtering of trades using machine learning technology based on PerceptronUse Built-in Perceptron Configuration – if true, the EA will use built-in Perceptron configuration. If false, the EA will load the custom configuration file Perceptron_Config.txt located in the common directory for all MT4/5 terminals: %USERPROFILE%\AppData\Roaming\MetaQuotes\Terminal\Common\Files. You can also open it via MT terminal: File -> Open Data Folder -> Up to ‘Terminal’ -> Common\Files. The configuration file containing the results of machine learningMin Probability of Profit % - minimal predicted probability that a trade will result in profit. If Perceptron predicts a lower value, the trading signal will be ignored, and the INITIAL trade will be skipped

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 Perceptron training settings:Perceptron Training Mode (Tester only) – if true, the EA will try to train Perceptron while backtesting and save results in the external configuration file Perceptron_Config.txt located in the common directory for all MT4/5 terminalsDataset Max Size - maximum dataset size for raw data. Try increasing the value if you get an overflow error during trainingNeuron in Hidden Layer [0=no hidden layer] - number of neurons in the hidden layer. If zero, then no hidden layer will be used. A very high value can reduce the learning speed and lead to over-training. The value cannot be changed if Perceptron is trained!Training Algo - training algorithm:– Levenberg–Marquardt algorithm (LMA or just LM), also known as the Damped least-squares (DLS) method, is used to solve non-linear least squares problems.– L-BFGS is an optimization algorithm in the family of quasi-Newton methods that approximates the Broyden–Fletcher–Goldfarb–Shanno algorithm (BFGS) using a limited amount of computer memory. It is a popular algorithm for parameter estimation in machine learning.Number of Restarts – max. number of restarts to find the global optimum.

1.       Select a long backtest period. I recommend using at least 10 years. I also advise to put a small SL, for example a value of 100 pips. This will increase the number of trades and training data size2.       Set Use Built-in Perceptron Configuration to false3.       Set Perceptron Training Mode (Tester only) to true and run backtest with a fixed lot4.       Watch the logs, when the training is over, you will see messages like this: 2022.11.22 10:24:42.767 Core 001         2012.12.31 23:59:59   GP ->: Buy(Sell) entries: Perceptron learning has been completed successfullyThe backtest result will not be good, but it doesn't matter. Training can take a long time!5.       Set Perceptron Training Mode (Tester only) to false and run backtest again. This backtest should be much better6. Set SL back to its valueIf you want to use the custom training results on another computer, you need to move Perceptron_Config.txt to it.

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 take-profit settings:TakeProfit for Initial Trade, in pips - take profit for the initial trade (if no grid trades opened)Weighted TakeProfit? - if true, TP decreases in proportion to the open volume of the grid levels (the Grid TP is weighted by volume). This allows keeping the initial TP unchanged in money after adding new averaging tradesTakeProfit for Grid, pips (can also be 0/negat. for emergency) - take-profit for the grid (if at least one averaging trade is open). Allows any value, including zero and negative. When set to 0 all TP are set to breakevenBreak Even (TP) after this Level [0-disabled] - break even feature after the specified Grid level is reachedHide TakeProfit? - on/off take-profit hidingDo not adjust TP unless new grid level opened - if true, the EA will adjust TP of open positions only when a new grid level is opened. The user can manually set their own TP, which will stay current until the EA opens a new grid levelTakeProfit #1/2/3 after this Level [0-disabled] - adjusts the TP once the specified Grid level is reachedTakeProfit #1/2/3 after X bars [0-disabled] - adjusts the TP after reaching a specified number of barsTakeProfit #1/2/3 [can also be negat., 0-breakeven] - take profit for grid after reaching a specified number of bars or grid level. Values can be positive, negative, or 0 – breakeven

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 tradesHide StopLoss? - on/off stop-loss hidingTrailing 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 activatedRandomize Order/TP Levels - if enabled, the EA will randomly slightly change the TP/SL levels. This option allows you to have a unique TP/SLMax Random Delay before sending Orders, sec [0-disabled] - maximum random delay in seconds before sending an order. Values over 15 seconds are not recommendedAllow 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

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 news filter settings:News Filter Enabled - on/off News Filter.Disable Trading on Bank Holidays - enable/disable trading on bank holidays according to the real-time Economic Calendar (https://www.investing.com/). This filter is currency-specific. For example, with it, EA won't take trades on USD pairs during bank holidays in the USA. It also works in Strategy Tester.Disable Built-in News Filter Settings - disables the built-in news filter settings, allowing you to fine-tune the news filter.Custom Events (separated by comma, disabled if empty) - custom rules allowing you to fine-tune the news filter.Format: Key[-Currency pair],Key[-Currency pair],.........,Key[-Currency pair]Key – the currency of the news event or keyword in the news header. You can use multiple currencies without a separator, for example, USDAUDGBP.If you specify a keyword, the letter case does not matter. For example, FOMC.[-Currency pair] - optional parameter specifying which currency pair the rule applies to. For example -EURUSD.Example: USD,AUDGBP-GBPUSD-NZDUSD,CHFEUR-EURUSD,FOMC,Rate-AUDCADUSD, - takes into account all news events for USD on all currency pairsAUDGBP-GBPUSD-NZDUSD, - takes into account all news events for AUD and GBP on GBPUSD and NZDUSD currency pairsCHFEUR-EURUSD, - takes into account all news events for CHF and EUR on the EURUSD currency pairFOMC, - takes into account news events with the word (or part of the word) FOMC in the header on all currency pairsRate-AUDCAD - takes into account news events with the word (or part of the word) Rate in the header on AUDCAD currency pairEach rule must be separated by a comma. if 'Disable Built-in News Filter Settings'=false, then the custom rules are in addition to the built-in ones.Low Impact News - enable/disable news events with low impact (1 star news).Speaks - if false, then the EA will not consider news events marked as Speeches/Speaks.Wait Minutes Before Event - suspend trading before the news.Wait Minutes After Event - suspend trading after the news.Show News List - displays a list of upcoming news events to the right of the info panel.News Filter Action - the action EA takes in case of a news event:- Prohibit opening of the initial trade - the news filter only prohibits opening new initial trades.- Prohibit opening of all trades - the news filter prohibits both the initial trades and the averaging ones. - Close all open trades - the EA will close all trades before the news is released

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 stock market crash filter settings:Stock Market Crash Filter Enabled - enable/disable the stock market crash filter.Stock Market Symbol - symbol name of the S&P500 stock index of your broker. It is usually called something like US500 or SPX500 (press Ctrl+U to see all symbols).Filter Period - period of the stock market crash filter.Max Historical Volatility (HV), in % - max. annualized standard deviation of H1 returns (HV in %).Block Trading for the Entire Day - prohibits opening new trades throughout the day if HV hits the specified level just once at any moment during the day.

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 back-test settings:Disable Automatic GMT Detection - set it to 'true' to disable automatic GMT detection. You can use the GMT Test/Manual' and 'DST Test/Manual' parameters to manually set the GMT offset in live trading.GMT Test/Manual - GMT offset in winter in Tester.DST Test/Manual - DST in Tester.

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 additional settings:Trade Comment - comment for orders.UID (0...9) - unique EA instance number. Usually, no need to change it.Show Panel - on/off Info-panel.Show Stats - show a panel with statistics.Font Size (1...8) - reduce this value if you're having trouble with the info panel.