Golden Pickaxe EA V2.19 MT4

Golden Pickaxe EA V2.19 for MT4 is a robust expert advisor focused on gold trading. It provides high precision entries, utilizes advanced market analysis, and offers reliable results for consistent profits.

The Golden Pickaxe EA V2.19 for MT4 is a specialized trading robot designed to trade gold (XAUUSD) with high efficiency. This expert advisor is based on a combination of technical indicators and price action analysis, aimed at capturing the best entries and exits in the gold market. Whether you’re an experienced trader or a novice, this EA provides an edge in maximizing profits with minimal intervention.

The latest version, 2.19, features an improved algorithm for analyzing gold price movements and determining optimal points for placing trades. The software is compatible with MetaTrader 4 and requires no additional plugins or DLL files, ensuring ease of use.

Recommended Settings
Pair: XAU/USD (Gold)
Timeframe: M1, H1
Leverage: 1:100 recommended
Lot Size: Configurable according to account size, starting from 0.01
Recommended Broker: Low-spread brokers that support metals like gold.
This EA works best on brokers with fast execution and low slippage. For ideal performance, it is recommended to use a VPS to reduce latency and maintain 24/7 uptime for the EA.

Features of Golden Pickaxe EA V2.19 for MT4
High Precision Gold Trading: The Golden Pickaxe EA specializes in trading gold with a laser-focus on price action and trend strength.
Non-DLL Version: The EA operates without the need for DLL files, making it safe and secure for traders who prioritize safety in their trading environment.
Advanced Risk Management: The EA includes built-in stop-loss and take-profit levels, ensuring that the trader’s risk is managed effectively.
Backtesting Capabilities: The EA can be fully backtested using MetaTrader 4’s strategy tester, providing historical performance insights.
Multi-Timeframe Analysis: This EA evaluates multiple timeframes to determine trends, reversals, and continuation points for trading.
User-Friendly Interface: The interface displays important trading metrics, such as expected lot size, leverage, and forecast success rate, making it easy to understand and operate.
Strategy
The Golden Pickaxe EA V2.19 applies an advanced price action-based strategy that focuses on gold market patterns. It identifies pullbacks in trending markets and executes trades in the direction of the trend. The strategy combines multi-timeframe confirmation (M1 and H1) and leverages technical indicators to filter false signals.

The EA is designed to adapt to both trending and ranging markets, with a focus on securing small, consistent gains over time. The strategy includes robust risk management techniques, such as tight stop-loss placements, and automatically adjusts positions based on market volatility.

Golden Pickaxe EA V2.19 Performance and Drawdowns
In backtesting, the Golden Pickaxe EA V2.19 demonstrated steady performance, with minimal drawdown and a consistent upward equity curve. Below are the highlights from a typical backtest:

Initial Deposit: $10,000
Net Profit: $7,000 (within a 6-month period)
Drawdown: 5%
Win Rate: 70%
Average Trade Duration: 1-4 hours
The drawdown remains low due to the EA’s dynamic stop-loss adjustment and conservative position sizing.

Conclusion
The Golden Pickaxe EA V2.19 for MT4 is a powerful tool for traders looking to capitalize on gold price movements. Its combination of precision, risk management, and ease of use makes it a standout EA for traders who are serious about growing their accounts. With a solid backtest record and reliable performance in live markets, this EA is an excellent choice for those wanting to trade gold efficiently.