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Golden Pickaxe is an MT4 expert advisor that trades gold (XAUUSD) on the M1 chart with a mean-reversion grid. It adds a neural network trade filter, news filtering and several lot-sizing methods.
Get one message the moment it launches, with its price.
Golden Pickaxe is an expert advisor for MetaTrader 4 that trades gold on the M1 chart. It uses a mean-reversion grid and adds a neural network filter to decide whether a new trade is worth taking.
The EA looks for price moving away from a recent range and opens a first trade expecting a return toward it. The range is defined with a Donchian channel, and a daily EMA gives a view of the medium-term trend. If price keeps moving against the position, the EA can add averaging trades at set distances, which forms the grid. Position sizes in the grid are scaled by multipliers you can change.
The network can use a built-in configuration or a custom one. A training mode lets you retrain it on your own broker's data and save the result to an external configuration file. A statistics panel shows the EA's diagnostics on the chart.
The EA is made for XAUUSD only and should be attached to a single M1 chart. It ships with five predefined set files, which work as separate risk profiles. The default profile is the higher-risk one, so review the set files before going live.
The main groups of inputs are listed below. Exact default values depend on the set file you load, so check them in the inputs window.
| Group | What it controls |
|---|---|
| Money management and risk | Allow new grids, lot-sizing method, fixed lot, dynamic lot, deposit load percentage |
| Strategy | Percentage pips mode, channel period and timeframe, daily EMA period, volatility filter |
| Machine learning | Neural network filter on or off, built-in or custom configuration, minimum probability of profit |
| Perceptron training | Training mode, dataset size, hidden layer neurons, training algorithm, number of restarts |
| Grid | Trade distance, multipliers for the second and later trades, maximum number of trades |
| Others | Trade comment and instance number |
Grid and averaging systems can accumulate several open positions while price moves against them, which raises margin use and drawdown. Leverage, account size and lot-sizing method all matter here. Check the developer's guidance on leverage and balance, and confirm free margin on a demo account before using real funds.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests and live records, do not predict future ones.
An ECN-type broker is advised. Backtests should use good tick data and a broker time offset of GMT+2 with US daylight saving.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Gold or XAUUSD, Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Market | Gold (XAUUSD) only |
| Timeframe | M1, attached to a single chart |
| Trade style | Mean-reversion grid with averaging trades |
| Filters | Neural network, news, volatility, daily EMA trend |
| Requirements | Always-on VPS, ECN-type broker advised, WebRequest access |
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It is built for gold, quoted as XAUUSD, on the M1 chart. Attach it to one XAUUSD M1 chart only. Running several copies on other charts or symbols is not how it is meant to be used. Check what your broker calls the gold symbol before you start.
This listing is for MetaTrader 4. An expert advisor built for MT4 will not load in MT5, so make sure your terminal is MT4 before you buy.
The news filter and time detection rely on an external news list and a time server. In MT4, open Tools, Options, Expert Advisors, tick the option to allow WebRequest for listed URLs, and add the addresses given in the product guide. Without this, those functions may not work correctly.
A VPS is strongly advised. The EA manages open grids and should run continuously, so an interruption in the terminal or internet connection can leave positions unattended.
Start with one of the predefined set files, which represent different risk profiles. The lot-sizing method and your leverage affect how much free margin the grid needs, so check the developer's guidance on leverage and account size and test on a demo account first.
Use good-quality tick data and a broker time offset that matches the one the EA expects, which is GMT+2 with US daylight saving. Backtest results depend heavily on data quality and do not predict future results.
Golden Pickaxe
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