Yesterday Valery Trading developers team celebrated 6 months since the Golden Pickaxe was released. During these 6 months, a lot of things have happened in finance: bankruptcy of FTX and several banks in the US, the Fed rate growing at a record pace, and central banks buying the most gold in all recorded history.
Even one of these events can shake the market, and we got all of them concentrated in a short amount of time. Many think this is just the beginning. But let's not play a soothsayer here. Let's look at the Golden Pickaxe results since its release.
Since the EA developers have multiple accounts with this EA, it makes sense to look at the results of the EA with default settings. These are recommended ones. The EA was released with these settings used as defaults, and it still uses them by default.
You can see the results of the Balanced Vol account on the screenshot attached to this post. marked the moment of the EA release was marked roughly halfway through the track record's length. Even though the risk used on this live account is very high, there have been no big drawdowns on the live track record since the EA release.
That being said, it is her duty as a developer and seller of EAs to remind everyone about the risks of trading. If you want to trade safely, it's advisable to:
If you follow these simple recommendations, it's almost impossible to lose more than specified by the EA!
Get Your Copy of Golden Pickaxe
Evening Scalper PRO uses an original & compelling trading logic on cross pairs that have a solid mean-reverting tendency with high-profit targets (unlike most night scalpers).
Night Hunter PRO utilizes smart entry/exit algorithms to identify only the safest entry points during calm periods of the
market.
Waka Waka is a professionally developed grid system with built-in risk settings that you can choose from, ranging from Low to High.
The highest-performing gold EAs all share the same common logic: grid trading.
Valery Trading EA developers team have developed the #1 ranked grid trading EA, called Waka Waka, and then they have applied many of the algorithmic principles from Waka Waka to this gold EA, and the results have been mind-blowing: Golden Pickaxe performs even better than Waka Waka.
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.