Gold auto trading is at all-time highs. This explains why XAUUSD (gold) has become one of the most traded pairs in the last few years on the Forex markets, which explains why the first pages of the MQL market Expert Advisor section are constantly filled with different types of Gold trading EAs with dozens of 5-star reviews from buyers, which explains why people are searching "Gold EA" on Google 2x more as "Scalper EA" and 1/2 as "Forex EA" combined. People have become highly interested in gold Expert Advisors for a reason!

Trading Idea

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.

Specifications

License

Lifetime license for 10 MetaTrader 4 or 5 Accounts with 5 different trading sets & user dashboard access.

Broker / VPS Recommendation

In order to get the best achievable stability and profitability, we recommend using Golden Pickaxe on Tickmill Forex Brokers in conjunction with TradingFX VPS Forex VPS.

MT5 Compatibility

An MT5 version of Golden Pickaxe is available.

Updates

Free future lifetime updates are included.

User Guide

  • Easy to follow "How to install" videos.
  • Strategy & risk management guide.

Client Support

  • Access to exclusive Telegram group.
  • 1 on 1 support from the developer (Valeriia).
  • Remote desktop configuration.

FREE Bonuses

  1. Volatility filter indicator.
  2. 6 months of ValeryVPS.

100% Money-Back Guarantee

In the extremely unlikely case that you do not LOVE Golden Pickaxe, the EA vendor - ensures that she is willing to return every cent you paid to her, immediately, and with no questions asked.

Not only that, but she promised also to offer you this incredible guarantee for a long period of 30 days (while the MQL market only does it for 7 days, and most Expert Advisor selling sites do not offer it at all).

Supported Currency Pairs

XAUUSD

MetaTrader Chart Timeframe

M1

MyFxBook Verified Real Money Trading Result Statements

Started On
Sep 12, 2022
Leverage
1:500
Starting Balance
$1400
Total Gain
+859.37%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Sep 12, 2022
Account Leverage
1:500
Profit Factor
2.70
Total Gain
+859.37%
Absolute Gain
+859.38%
Monthly Gain
15.67%
Daily Gain
0.47%
Total Pips
52,330.0
Total Trades
514
Profit Amount
A$862.13
(%) Won Trades
52,330.0
Drawdown
37.47%

99.9% Modelling Quality Dukascopy Tick Data Backtests

AUDCAD on IC Markets Backtests

View Full Backtest

Backtests Settings

Symbol
XAUUSD (Gold vs US Dollar)
Period
1 Minute (M1) 2010.01.01 06:51 - 2022.06.01 02:59
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
4410789
Ticks modelled
420023740
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable

Backtests Results

Total net profit
39867.54
Gross profit
93764.68
Gross loss
-53897.14
Profit factor
1.74
Expected payoff
5.02
Absolute Bal DD
481.20
Maximal Bal DD
12288.42 (32.30%)
Relative Bal DD
32.30% (12288.42)
Total Trades
7948
Short positions (won %)
3678 (94.43%)
Long positions (won %)
4270 (94.10%)
Profit trades (% of total)
7491 (94.25%)
Loss trades (% of total)
457 (5.75%)
Largest Profit trade
3583.94
Largest Loss trade
-1124.62
Average Profit trade
12.52
Average Loss trade
-117.94
Maximum consecutive wins (profit in money)
113 (739.72)
Maximum consecutive losses (loss in money)
4 (-3792.89)
Maximal consecutive profit (count of wins)
3963.58 (21)
Maximal consecutive loss (count of losses)
-3792.89 (4)
Avarage consecutive wins
21
Avarage consecutive losses
1
View Full Backtest

Backtests Settings

Symbol
XAUUSD (Gold vs US Dollar)
Period
1 Minute (M1) 2010.01.01 06:51 - 2022.06.01 02:59
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
4410789
Ticks modelled
420023740
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable

Backtests Results

Total net profit
-9260.10
Gross profit
43680.93
Gross loss
-52941.03
Profit factor
0.83
Expected payoff
-1.65
Absolute Bal DD
9260.10
Maximal Bal DD
29943.88 (97.59%)
Relative Bal DD
97.59% (29943.88)
Total Trades
5609
Short positions (won %)
2810 (94.31%)
Long positions (won %)
2799 (93.32%)
Profit trades (% of total)
5262 (93.81%)
Loss trades (% of total)
347 (6.19%)
Largest Profit trade
1939.68
Largest Loss trade
-5904.68
Average Profit trade
8.30
Average Loss trade
-152.57
Maximum consecutive wins (profit in money)
149 (858.90)
Maximum consecutive losses (loss in money)
8 (-29941.45)
Maximal consecutive profit (count of wins)
2843.36 (6)
Maximal consecutive loss (count of losses)
-29941.45 (8)
Avarage consecutive wins
21
Avarage consecutive losses
1
View Full Backtest

Backtests Settings

Symbol
XAUUSD (Gold vs US Dollar)
Period
1 Minute (M1) 2010.01.01 06:51 - 2022.06.01 02:59
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
4410789
Ticks modelled
420023740
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable

Backtests Results

Total net profit
19489.31
Gross profit
46104.91
Gross loss
-26615.60
Profit factor
1.73
Expected payoff
4.26
Absolute Bal DD
259.23
Maximal Bal DD
5277.78 (32.71%)
Relative Bal DD
32.71% (5277.78)
Total Trades
4570
Short positions (won %)
2073 (94.26%)
Long positions (won %)
2497 (94.59%)
Profit trades (% of total)
4316 (94.44%)
Loss trades (% of total)
254 (5.56%)
Largest Profit trade
1758.40
Largest Loss trade
-607.76
Average Profit trade
10.68
Average Loss trade
-104.79
Maximum consecutive wins (profit in money)
98 (664.29)
Maximum consecutive losses (loss in money)
4 (-1938.80)
Maximal consecutive profit (count of wins)
1971.31 (8)
Maximal consecutive loss (count of losses)
-1938.80 (4)
Avarage consecutive wins
22
Avarage consecutive losses
1
View Full Backtest

Backtests Settings

Symbol
XAUUSD (Gold vs US Dollar)
Period
1 Minute (M1) 2010.01.01 06:51 - 2022.06.01 02:59
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
4410789
Ticks modelled
420023740
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable

Backtests Results

Total net profit
20870.23
Gross profit
36784.75
Gross loss
-15914.52
Profit factor
2.31
Expected payoff
5.18
Absolute Bal DD
968.30
Maximal Bal DD
1952.88 (6.71%)
Relative Bal DD
11.09% (1309.71)
Total Trades
4030
Short positions (won %)
1848 (92.59%)
Long positions (won %)
2182 (91.11%)
Profit trades (% of total)
3699 (91.79%)
Loss trades (% of total)
331 (8.21%)
Largest Profit trade
783.47
Largest Loss trade
-314.00
Average Profit trade
9.94
Average Loss trade
-48.08
Maximum consecutive wins (profit in money)
86 (690.27)
Maximum consecutive losses (loss in money)
4 (-779.23)
Maximal consecutive profit (count of wins)
915.03 (15)
Maximal consecutive loss (count of losses)
-779.23 (4)
Avarage consecutive wins
16
Avarage consecutive losses
1
View Full Backtest

Backtests Settings

Symbol
XAUUSD (Gold vs US Dollar)
Period
1 Minute (M1) 2010.01.01 06:51 - 2023.03.17 19:35
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
4410789
Ticks modelled
420023740
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable

Backtests Results

Total net profit
10663.45
Gross profit
26260.41
Gross loss
-15596.96
Profit factor
1.68
Expected payoff
3.54
Absolute Bal DD
207.53
Maximal Bal DD
4087.75 (21.08%)
Relative Bal DD
21.08% (4087.75)
Total Trades
3009
Short positions (won %)
1305 (89.81%)
Long positions (won %)
1704 (90.32%)
Profit trades (% of total)
2711 (90.10%)
Loss trades (% of total)
298 (9.90%)
Largest Profit trade
1390.05
Largest Loss trade
-482.00
Average Profit trade
9.69
Average Loss trade
-52.34
Maximum consecutive wins (profit in money)
60 (253.56)
Maximum consecutive losses (loss in money)
4 (-1538.38)
Maximal consecutive profit (count of wins)
1626.38 (20)
Maximal consecutive loss (count of losses)
-1538.38 (4)
Avarage consecutive wins
12
Avarage consecutive losses
1

Trading Strategy

Golden Pickaxe was designed to exploit market inefficiencies.

Golden Pickaxe uses real market mechanics to make profits.

Golden Pickaxe optimized to achieve stable profits in the long run.

Risk Management

Unusual market movements can cause certain trading systems, particularly ones using grid strategy on certain pairs to lose a lot of money.

Golden Pickaxe is designed to not only survive the worst markets but to even make you profit from them, with 5 different built-in risk settings for any risk appetite. Ranging from low to significant risk, you will be able to configure your Golden Pickaxe EA in a way that you always maintain control over your invested capital.

Logically, the higher the risk, the higher the potential rewards.

Promotional Video (by the Vendor)

Risk

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.