The Golden Pickaxe EA V2.19 for MT4 is a specialized automated trading robot designed to trade gold (XAU/USD) with high accuracy and efficiency. Built for both beginners and experienced traders, this expert advisor leverages price action, technical indicators, and multi-timeframe analysis to provide optimal buy and sell signals. Its advanced algorithm minimizes manual intervention, allowing traders to focus on strategy execution and risk management.
For optimal performance, traders should consider the following recommended settings:
Trading Pair: XAU/USD (Gold)
Timeframes: M1 and H1
Leverage: 1:100 recommended
Lot Size: Configurable based on account size (starting from 0.01)
Broker: Low-spread brokers with fast execution supporting metals
VPS Usage: Recommended for 24/7 uptime and minimal latency
These settings ensure the EA can operate effectively under varying market conditions and maximize profit potential.
High Precision Gold Trading: Focuses on gold price action and trend strength for accurate entries and exits.
Non-DLL Version: Operates safely without DLL files, ideal for traders prioritizing security.
Advanced Risk Management: Built-in stop-loss and take-profit levels reduce potential losses.
Backtesting Capabilities: Fully compatible with MT4 strategy tester for historical performance insights.
Multi-Timeframe Analysis: Evaluates multiple timeframes to identify trends, reversals, and continuation points.
User-Friendly Interface: Displays key metrics such as expected lot size, leverage, and forecasted success rates.
These features make Golden Pickaxe EA V2.19 a comprehensive tool for trading gold effectively, whether in trending or ranging markets.
The Golden Pickaxe EA V2.19 employs a price action-based trading strategy focusing on gold market patterns. It identifies pullbacks within a trend and executes trades in the trend direction.
Uses multi-timeframe confirmation (M1 and H1) to reduce false signals
Combines technical indicators to filter out noise
Implements dynamic stop-loss adjustments based on market volatility
Targets small, consistent gains to minimize drawdowns
The strategy is suitable for both short-term scalping and longer intraday trades, adapting seamlessly to changing market conditions.
Backtesting of the Golden Pickaxe EA V2.19 demonstrates strong performance with low drawdowns and a consistent upward equity curve. Typical results include:
Initial Deposit: $10,000
Net Profit: $7,000 (6-month period)
Drawdown: 5%
Win Rate: 70%
Average Trade Duration: 1–4 hours
The EA’s low drawdown is achieved through conservative position sizing and adaptive stop-loss levels, ensuring capital preservation alongside steady growth.
The Golden Pickaxe EA V2.19 for MT4 is an essential tool for traders seeking efficient gold trading. Its combination of precision, advanced risk management, and multi-timeframe analysis makes it an ideal EA for both novice and expert traders. The EA is free to download, easy to install, and provides reliable signals that align with market trends, helping traders maximize profits in the gold market.
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Published:
Nov 20, 2025 00:32 AM
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