Golden Pickaxe Review (Top-Rated Gold EA 2024)

$1980 Buy Now
Golden Pickaxe EA is an automated trading system that promises success even in the worst market condition. The robot literally uses a popular grid trading strategy to place trades on the XAUUSD (Gold) currency pair. As per the vendor, this is a completely automated system that has settings and options designed for use according to your risk appetite. This Gold EA is compatible with all brokers with hedging accounts. The FX expert advisor is NOT sensitive to spread and slippage and works on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. In this  Golden Pickaxe EA review, we will discuss the various aspects of this FX robot to verify its dependability.
Golden Pickaxe EA

The developer of this gold EA is Valeriia Mishchenko and she is the head of the Valery Trading group. The Valery Trading company develops and promotes this FX EA on their website as well as on the Mql5 marketplace. Other products from this vendor include Waka Waka EA, Evening Scaper Pro, Night Hunter Pro, and more. With numerous positive reviews and 5-star ratings, this vendor has a profound understanding of what makes an expert advisor give good results, learn more.

PS: Golden Pickaxe uses machine learning to place profitable trades on the Gold market. Our analysis of the gold EA shows that the vendor’s claims are true.

>>Try Golden Pickaxe for free for 14 days – Get it Here<<

Golden Pickaxe EA Review

Compatible with both the MT4 and MT5 trading platforms, this Gold robot delivers excellent settings for customization according to your risk level – XAU Risky Vol, XAU Balanced Vol, XAU Risky, XAU Balanced, and XAU Classic. There is an advanced News and stock market crash filter in combination with a statistic panel with a self-diagnostic system and neural network forecast indicator.

Gold Forex EA Result
Gold Forex EA Result

>>CLICK HERE TO BUY GOLDEN PICKAXE NOW!<<

The vendor provides verified real-live trading results that show stable profits and low risk. There are other factors like the money-back guarantee that indicate the reliability of the system.

Golden Pickaxe EA Strategy

Some of the key features that the vendor claims make this expert advisor the best Gold EA in the market are:

  • Shares the same algorithm as the Waka Waka EA, which has +54 consecutive months in profit.
  • Trades XAUUSD (Gold). Gold is one of the most profitable assets at the moment.
    Focused on long-term stable growth, based on strict rule trading, rather than making quick profits.
  • Constantly updated, incorporating all the latest innovations in the financial markets trading field.
  • Not sensitive to broker selection. You can work with any broker of your choice.
    Offered by the #1 ranked MQL developer. Vendor has several other successful systems.
  • Has a low drawdown with 5 different risk management configurations (We recommend you start with the Golden Pickaxe Classic set file).
  • Over 20 years of backtesting on Dukascopy real tick data with consistent results.

Golden Pickaxe Software

The software works mainly using a mean-reversion grid trading system in conjunction with machine learning. It is developed with many of the algorithmic principles from a popular grid trading robot called Waka Waka to this gold EA.

Software results have been mind-blowing and Golden Pickaxe performs even better than Waka Waka EA. In addition to this core trading method, the robot uses advanced News and stock market crash filters.

Breakdown

  • Type: Forex Robot
  • Strategy: Grid
  • Currency pair: XAUUSD
  • Timeframe: M1
  • Price: $1980.

The Golden Pickaxe EA package comprises a lifetime license for 10 MT4 or MT5 accounts. There are free updates, one-on-one support from the dev, access to the telegram group and video installation guide as well as useful PDF files.

A 30-day money-back guarantee is present. The package includes 5 trade sets in one EA and you can see how much you profit from each, see here.

Golden Pickaxe EA Backtest

There is a backtesting report that ran on the XUUSD currency pair. The modeling quality was 100%. An initial deposit was $1000. It has turned into $74390166.06 of the total net profit. The profit factor was 2.63. The recovery factor was 3.14. There were 10112 deals traded with 94.53% of the win rate for shorts and 94.72% for longs.

Trading Result

There are five set files with successful track records you can monitor (we recommend you start with “Golden Pickaxe Classic”). The account uses the ICmarkets broker and the leverage of 1:500 on the MT4 terminal. A screenshot of the account stats and growth graph is shown here:

Golden Pickaxe Classic signals result

There is also a real live AUD account verified by the myfxbook.com site. The below stats show a total profit of +204.85%. We can see the account has grown steadily from the growth chart indicating a stable income. The drawdown of 18.87% is low indicating the risk involved is minimal. Traders can rely on this set file to provide a small but consistent income without any associated risks.

Golden Pickaxe result

For the account that started in September 2022 with a deposit of A$57, a total of 94 trades have been executed with a profitability of 93% and a profit factor of 2.25. The trading history reveals a lot size of 0.01 is used for the trades. From the live trading results below, we can see that the risk is very low from the lot size and the drawdown.

Golden Pickaxe track record

Although the profits are not very high, the stats show a small but steady profit and growth of the account without high risk. Traders averse to taking big risks with their capital will find the system favorable.

Golden Pickaxe EA Support

Customer support for this EA is provided via different methods including an email address, live chat, telegram as well as from the MQL5 page. The vendor promises 24/7 support. An FAQ section is also present to answer the commonly asked queries of customers.

Golden Pickaxe EA Review – Conclusion

Golden Pickaxe uses machine learning to place profitable trades on the Gold market. Our analysis of the gold EA shows that the vendor’s claims are true. The Golden Pickaxe Classic live trading results verified by the myfxbook.com site show the system has a low drawdown and small lot sizes indicating a low risk.

Furthermore, the affordable price, the refund offer, good support, and small but stable profits are other advantages that tip the scales in favor of this FX robot.

>>Visit the Official Golden Pickaxe EA Website<<

Frequeantly Asked Questions (FAQ) about Golden Pickaxe EA

Here are some frequently asked questions (FAQ) about the Golden Pickaxe EA to help you better understand this automated trading system:

The Golden Pickaxe EA is developed by Valeriia Mishchenko, who is the head of the Valery Trading group.

This EA is compatible with both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

The EA primarily uses a mean-reversion grid trading system and incorporates machine learning to adapt to market conditions. It focuses on long-term stable growth rather than quick profits.

No, the Golden Pickaxe EA is not sensitive to broker selection. You can use it with the broker of your choice.

The EA provides five different risk management configurations, including options like XAU Risky Vol, XAU Balanced Vol, XAU Risky, XAU Balanced, and XAU Classic.

Yes, the Golden Pickaxe EA incorporates advanced filters such as a News filter and a stock market crash filter to enhance its adaptability to changing market conditions.

Yes, you can customize the EA settings based on your risk appetite and trading preferences.

The EA provides verified real-live trading results that show stable profits and low risk. It has also undergone extensive backtesting with consistent results.

The Golden Pickaxe EA is available for purchase at a price of $1800. This price includes a lifetime license for use on up to 10 MT4 or MT5 accounts.

Yes, you can try the Golden Pickaxe EA for free for a period of 14 days before making a purchase decision.

Yes, the EA comes with a 30-day money-back guarantee, which allows you to request a refund if you are not satisfied with the product.

The developer offers customer support via email, live chat, Telegram, and the MQL5 page. They promise 24/7 support, and there is also an FAQ section to address common queries.

Yes, there are live trading results available, including verified accounts on platforms like myfxbook.com, which showcase the EA's performance.

Yes, the EA offers different risk management configurations, and it is recommended for beginners to start with the Golden Pickaxe Classic set file for lower risk.

>>Visit the Official Golden Pickaxe EA Website<<

Live Trading Results

Golden Pickaxe Expert Advisor

1980 USD
8.4

Trading Result

8.5/10

Strategy

9.0/10

Website

9.0/10

Price

7.0/10

Transparency

8.5/10

Pros

  • Myfxbook result
  • Performance result
  • Strategy insight
  • Experienced developer
  • Low drawdown
  • Multiple risk options
  • Multiple myfxbook accounts
  • 14 day free trial
  • Money back guarantee
  • MT4 & MT5 compatible

Cons

  • Single currency pair
Spread the love

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top