Pickaxe v2.23 MT4 is an advanced mean-reversion grid trading system specifically designed for the Gold market. Harnessing the power of machine learning technology, it identifies and capitalizes on real market inefficiencies, providing a distinct edge over conventional trading strategies.
With five predefined set files, each representing a unique trading system on gold, including the default option (XAU Risky), users have the flexibility to choose the strategy that aligns best with their preferences.
Key Features:
- Neural Network Retraining: Customize the system based on your broker’s data.
- Advanced News and Stock Market Crash Filter: Minimize risks by filtering out market noise.
- Flexible Customization: Tailor the system with various filters and options to suit your trading style.
- Robust Backtesting and Live Performance: Gain confidence through thorough testing and verified live results.
- Statistical Panel and Neural Network Forecast Indicator: Access valuable insights for informed decision-making.
- Cost-Effective Solution: Enjoy high-quality trading capabilities at a competitive price point.
- User-Friendly Interface: Easy setup and usage with minimal learning curve.
To ensure accurate backtesting, utilize the Tick Data Suite with the specified GMT offset commonly used by brokers.
Installation Guidelines:
- Attach the EA to a single XAUUSD M1 chart.
- Provide access to the news list website and time server for optimal functionality.
- Refer to provided guides for step-by-step installation instructions.
System Requirements:
- Not sensitive to spread and slippage, but recommended for use with a reputable ECN broker.
- Continuous operation on a VPS is advised for uninterrupted performance.
- Leverage recommendations based on account size to manage margin effectively.
Risk Management and Money Management Settings:
- Customize grid settings and lot-sizing methods to manage risk effectively.
- Choose from various risk presets or configure based on personal preferences.
