GOLDEN PICKAXE V2.23 (NO DLL)

GOLDEN PICKAXE V2.23 (NO DLL)

V2.23

EA has high-performance live track records of different set files:

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 Risky) or have your own preference

Supported currency pairs: XAUUSD (aka GOLD)

Timeframe: M1

Features:

• Allows you to retrain Neural Network on your broker's data
• Advanced News and Stock Market Crash Filter
• Flexible customization with a lot of filters and options
• Solid backtest and live performance
• Statistic Panel with Self Diagnostic System and Neural Network Forecast indicator
• Much cheaper than available high-quality alternatives
• Very easy to use: just read 2 lines of instructions below

Backtests should be done with Tick Data Suite GMT+2 with US DST. This GMT offset is used by most brokers
How to install

• The EA must be attached to ONLY one XAUUSD M1 chart
• You need to give the EA access to the news list website and time server for news filter and time detection functionality to work correctly.

Requirements

• The EA is NOT sensitive to spread and slippage. But I advise using a good ECN broker
• The EA should run on a VPS continuously
• With only 1:30 leverage I advise not to use higher than low risk settings on a less than $6000 account, otherwise you might have problems with free margin. With 1:100 leverage it should be fine with up to significant risk setting on a $1000 account

MM & Risk settings

• Allow Opening a new Grid - on/off opening of new grids. It does not affect the already open grids
• Lot-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 you
• Fixed Lot - fixed trading lot for the initial trade.
• Dynamic Lot (Balance/Equity based) - balance/equity to be used per 0.01 lot
• Deposit Load % - % of the deposit that will be totally used to open the initial trade

Strategy

• Percentage Pips Mode - on/off percentage pips mode. 1 per. pip = 0.0001 * Curr. Price
• Price Channel Period - period of Donchian channels used to calculate the upper/lower levels
• Price Channel Time Frame - working TF for the Donchian channels
• Daily EMA Period - period of the daily EMA for calculating the medium-term trend
• Volatility Filter - allows you to avoid risky trades during periods of high volatility

Machine Learning

• Enable Neural Network Filter – on/off filtering of trades using ML technology
• Use Built-in Perceptron Configuration – if true, the EA will use built-in Perceptron config. If false, the EA will load the custom config file Perceptron_Config.txt located in the common directory for all MT4/5 terminals
• Min Probability of Profit % - min predicted probability that a trade will result in profit

Perceptron Training

• Perceptron Training Mode – if true, the EA will try to train Perceptron and save results in the external config file Perceptron_Config.txt
• Dataset Max Size - maximum dataset size for raw data
• Neuron in Hidden Layer - number of neurons in the hidden layer. If zero, then no hidden layer will be used
• Training Algo - training algorithm: Levenberg–Marquardt or L-BFGS
• Number of Restarts – max. number of restarts to find global optimum

Grid settings

• Trade Distance - min. step in pips between grid(averaging) trades
• 2nd Trade Multiplier - multiplier for the 2nd trade
• 3rd-5th Trade Multiplier - multiplier for the 3rd-5th trades
• 6th- Trade Multiplier - multiplier for the 6th-.... trades
• Maximum Trades - max number of grid(averaging) trades

Others

• Trade Comment - comment for orders
• UID (0...9) - unique EA instance number. Usually no need to change it

 

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