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Golden Pickaxe EA MT4 Unlimited
$15
Golden Pickaxe EA v.2.23 MT4 Unlimited is an automated MetaTrader 4 Expert Advisor designed for M1 XAUUSD (Gold) grid trading.
Featuring a trainable Perceptron machine learning filter, Donchian Price Channel mean-reversion analysis, Daily EMA trend filters, WebRequest news protection, adaptive grid execution, and 5 pre-calibrated set files, it provides a quantitative framework for systematic gold trading on MT4.
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Description
Description
| Category | MT4 Expert Advisors |
|---|
Golden Pickaxe EA MT4 Unlimited is a mean-reverting grid trading system engineered for MetaTrader 4, designed specifically for Gold (XAUUSD) on the 1-Minute (M1) timeframe.
Developed as an advanced sister algorithm to Waka Waka, Golden Pickaxe incorporates machine learning (Perceptron neural network filtering) alongside technical indicators—such as Donchian Price Channels and Daily EMA filters—to exploit price inefficiencies in the gold market.
Golden Pickaxe EA MT4 Unlimited — Machine Learning Gold Grid System
Operating on a single-chart setup, the EA includes five pre-calibrated set file profiles (including the default XAU Risky), a Stock Market Crash Filter, WebRequest news filtering, and the ability to train or retrain the neural network model directly on broker-specific historical data.
Core Architectural Highlights
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Machine Learning & Perceptron Filtering: Integrates a built-in Perceptron neural network filter that evaluates the probability of trade profitability before opening positions.
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On-Terminal Model Training Engine: Enables developers and traders to retrain the neural network on their specific broker’s tick data, outputting trained parameters to a custom configuration file (Perceptron_Config.txt).
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Mean-Reversion Donchian Channel Strategy: Identifies overbought and oversold conditions using Donchian Price Channels filtered against a Daily EMA medium-term trend baseline.
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Mean-Reverting Adaptive Grid Engine: Manages trade baskets with customizable lot multipliers across order tiers (2nd trade, 3rd–5th trades, 6th+ trades) and minimum pip step distances.
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Advanced Protective Filtering Suite: Integrates a Volatility Filter, Stock Market Crash Filter, WebRequest Economic News Filter, and a visual Statistic Panel with self-diagnostic reporting.
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Five Pre-Calibrated Set Files: Ships with 5 distinct strategy profiles tailored for different risk tolerances (e.g., XAU Risky, Moderate, Conservative).
Technical Specifications & Recommended Setup
| Parameter | Recommended Specification |
| Trading Platform | MetaTrader 4 (MT4) |
| Primary Symbol | XAUUSD / GOLD |
| Chart Timeframe | M1 (1-Minute) (Attach to single chart only) |
| Execution Architecture | Machine Learning Perceptron + Donchian Channel Grid |
| Minimum Deposit & Leverage | $1,000 USD at 1:100 Leverage / $6,000 USD at 1:30 Leverage |
| Machine Learning Model | Perceptron Neural Network (Levenberg–Marquardt or L-BFGS algorithms) |
| Broker Account Type | Low-Spread ECN / Raw Spread with Hedging enabled |
| Infrastructure | Continuous 24/5 Low-Latency Windows VPS (< 5ms server latency) |
Key External Input Parameters
1. Machine Learning & Neural Network Controls
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EnableNeuralNetworkFilter: Master switch to activate or bypass trade filtering via the machine learning engine.
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UseBuiltInPerceptronConfiguration: Toggles between using internal factory weights or loading custom weights from Perceptron_Config.txt.
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MinProbabilityOfProfitPercent: Sets the minimum required neural network probability score (%) before a trade signal is accepted.
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PerceptronTrainingMode: Enables on-terminal training to generate custom Perceptron weight files using local historical data.
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TrainingAlgo: Chooses the optimization algorithm (Levenberg–Marquardt or L-BFGS).
2. Strategy & Technical Filters
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PriceChannelPeriod / PriceChannelTimeFrame: Sets the lookback period and timeframe for Donchian Channel boundary calculations.
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DailyEMAPeriod: Period setting for the daily EMA filter used to identify the macro trend direction.
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VolatilityFilter: Restricts entry execution during volatile price expansions.
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PercentagePipsMode: Toggles percentage-based pip calculations where 1 percentage pip equals $0.0001 \times \text{Current Price}$.
3. Money Management & Grid Controls
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LotSizingMethod: Selects between Fixed Lots, Dynamic Lots (equity-based scaling), Deposit Load %, and predefined risk presets.
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FixedLot / DynamicLot: Configures baseline order volume or balance allocation required per 0.01 lot.
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TradeDistance: Minimum pip distance required between subsequent grid orders.
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TradeMultipliers: Multiplier coefficients for 2nd trade, 3rd–5th trades, and 6th+ trades.
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MaximumTrades: Hard ceiling on the total number of allowed open positions in a single grid sequence.
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AllowOpeningNewGrid: Toggle switch to freeze or allow new grid basket initialization.
Overview & Operational Summary
Golden Pickaxe EA MT4 Unlimited delivers a machine learning-driven approach to automated Gold trading.
By combining Donchian Channel mean-reversion analysis with a trainable Perceptron neural network filter, multi-tiered grid management, stock crash filters, and cent/standard account flexibility, the EA offers an advanced quantitative framework for MT4 gold automation.
