Question 1

What is Golden Pickaxe MT5?

Accepted Answer

Golden Pickaxe MT5 is an advanced automated Expert Advisor (EA) designed for trading Gold (XAUUSD) on MetaTrader 5. It combines mean-reversion logic with a neural network filter to find high-probability trading opportunities.

Question 2

How does the Neural Network work in Golden Pickaxe MT5?

Accepted Answer

The EA uses a built-in Perceptron neural network that analyzes each potential trade. It only opens a position when the model predicts at least a 75% probability of profit, helping filter out low-quality signals.

Question 3

Does Golden Pickaxe MT5 use a grid strategy?

Accepted Answer

Yes. After opening an initial trade, the EA can add grid orders every 80 pips if the price moves against the position. This creates a structured recovery system optimized for gold’s ranging behavior.

Question 4

Does it trade during news events?

Accepted Answer

No. Golden Pickaxe MT5 has a strong Advanced News Filter that automatically blocks new initial trades 15 minutes before and after major USD economic events to protect your account from high volatility.

Question 5

What risk level does Golden Pickaxe MT5 use?

Accepted Answer

The EA is configured with a conservative Low Risk setting (0.5% risk per setup). It also includes drawdown protection and can automatically stop trading if daily or floating drawdown limits are reached.

Question 6

Is Golden Pickaxe MT5 suitable for prop firm challenges?

Accepted Answer

Yes. The EA includes built-in FTMO-style drawdown rules and can be adjusted to meet strict prop firm requirements. Many traders use it successfully on funded accounts.

Question 7

Do I need a VPS to run Golden Pickaxe MT5?

Accepted Answer

Yes, we strongly recommend running the EA on a VPS for 24/5 uninterrupted trading, especially since it uses time filters and news protection.

Question 8

Is Golden Pickaxe MT5 fully automated?

Accepted Answer

Yes. Once installed and attached to a Gold chart, the EA handles everything automatically — from signal generation and AI filtering to trade execution and risk management. No manual intervention is required.

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