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Valeriia Mishchenko  
Below you can find an archive with all the set files, Servers.txt file with the list of servers used by the EA and a comprehensive guide which lists all the parameters of the EA with a detailed description of each of them
Dosyalar:
Golden_Pickaxe.zip  2662 kb
Valeriia Mishchenko  
I found that many people did not know how to change the lot sizing from the fized lot size do the dynamic lot size. To do that you need to see the 'Dynamic lot-sizing' parameter description on the EA page or in the guide. To provide less confusion I prepared set files with the low-risk dynamic lot sizing. You can download these in the archive below with the EA guide and Servers.txt file
Dosyalar:
Golden_Pickaxe.zip  2662 kb
Valeriia Mishchenko  
❗️ These days I got many questions (sometimes very angry ones) from people that installed the Golden Pickaxe EA with default settings (Balanced Vol set file) and got no trades for the last few days. Here I will explain the reason, what to do to people that want more frequent trading and whether you should want that or not

📈 First of all, I have the very same situation on my accounts, which you can check here. So it's not something wrong on your end, that's how the EA works with these settings

➡️ Secondly, "Vol" in the set file naming means "volatility filter". This is one of the most robust filters one can have in the trading system that makes results much better on average. In the case of the Golden Pickaxe, this filter skips trading entirely when current market volatility is too low for high-quality entries. Attached to this post, you can download test results of the "Balanced Vol" system with and without volatility filtering to check this yourself

⚖️ So the upside of using volatility filtering is having a much better quality of entries on average. The "downside" of using a volatility filter is that sometimes it can keep the system from entering the market for a week or two. That is a necessary price one needs to pay to have high-quality trading. Sometimes there are simply no good trading opportunities to take, and a professional must acknowledge that to stay profitable in the long run

✅ I kept the "downside" in quotes here since professional traders do not view the absence of trading during dangerous market periods as something bad. After all, when you have a trading portfolio and not just one system, you will have trades anyway. And if you need to wait a bit to have more precise entries to the market and better trading quality, you should do that. Otherwise, what is the point of trading in the first place? We take trades to make profit, not to satisfy an "inner monkey" that wants constant action, green and red colors all over the place

👉 However, if you want more frequent trading, you can always use set files without "Vol" in the set file naming or lower the 'Volatility Filter' value from the default 95 value to something smaller. The average trading quality will be lower in this case, you should keep that in mind. Attached to this post, you can see test results of the "Balanced Vol" system with and without volatility filtering

Dosyalar:
Volatility_1.png  46 kb
Volatility_2.png  75 kb
Volatility_3.png  73 kb
GP_Vol_Tests.zip  1251 kb
Robert Gregory Tiddy  
Hello, have purchased this and can I please be added to the telegram group?

Username rtiddy
Valeriia Mishchenko  
Robert Gregory Tiddy #:
Hello, have purchased this and can I please be added to the telegram group?

Username rtiddy

Hi! I was not able to find you by this username. Please, check your private messages here

divonney  

good day


can u answer my DM pls thanks

Valeriia Mishchenko  
divonney #:

good day


can u answer my DM pls thanks

Hi! Sure, I've answered you some time ago in private messages

divonney  
Valeriia (the one and only) whats i name her she is the most trusted brain to build EAs and there is nothing to hide check her account at myfxbook
Valeriia Mishchenko  
divonney #:
Valeriia (the one and only) whats i name her she is the most trusted brain to build EAs and there is nothing to hide check her account at myfxbook

Thank you! I'm glad to hear it =)

ken  
Valeriia Mishchenko #:
❗️ These days I got many questions (sometimes very angry ones) from people that installed the Golden Pickaxe EA with default settings (Balanced Vol set file) and got no trades for the last few days. Here I will explain the reason, what to do to people that want more frequent trading and whether you should want that or not

📈 First of all, I have the very same situation on my accounts, which you can check here. So it's not something wrong on your end, that's how the EA works with these settings

➡️ Secondly, "Vol" in the set file naming means "volatility filter". This is one of the most robust filters one can have in the trading system that makes results much better on average. In the case of the Golden Pickaxe, this filter skips trading entirely when current market volatility is too low for high-quality entries. Attached to this post, you can download test results of the "Balanced Vol" system with and without volatility filtering to check this yourself

⚖️ So the upside of using volatility filtering is having a much better quality of entries on average. The "downside" of using a volatility filter is that sometimes it can keep the system from entering the market for a week or two. That is a necessary price one needs to pay to have high-quality trading. Sometimes there are simply no good trading opportunities to take, and a professional must acknowledge that to stay profitable in the long run

✅ I kept the "downside" in quotes here since professional traders do not view the absence of trading during dangerous market periods as something bad. After all, when you have a trading portfolio and not just one system, you will have trades anyway. And if you need to wait a bit to have more precise entries to the market and better trading quality, you should do that. Otherwise, what is the point of trading in the first place? We take trades to make profit, not to satisfy an "inner monkey" that wants constant action, green and red colors all over the place

👉 However, if you want more frequent trading, you can always use set files without "Vol" in the set file naming or lower the 'Volatility Filter' value from the default 95 value to something smaller. The average trading quality will be lower in this case, you should keep that in mind. Attached to this post, you can see test results of the "Balanced Vol" system with and without volatility filtering

What is the Lot-sizing method setting in your account, Golden Pickaxe Balanced Vol?

Timothy Yang  
Hello I purchased the EA
Please add me to the telegram group
Valeriia Mishchenko  
kenlu #:

What is the Lot-sizing method setting in your account, Golden Pickaxe Balanced Vol?

Hi! I use fixed lot size there. If you want to see long-term performance of the EA with different set files and risks, you can do it on pp. 43-44 of the EA guide

Timothy Yang #:
Hello I purchased the EA
Please add me to the telegram group

Hello Timothy, Of course. Please, take a look at your private messages

ken  
Valeriia Mishchenko #:

Hi! I use fixed lot size there. If you want to see long-term performance of the EA with different set files and risks, you can do it on pp. 43-44 of the EA guide

Hello Timothy, Of course. Please, take a look at your private messages

Thank you!

ken  
Hi Valeriia, I have bought all your EAs. Could you add me to your Telegram group?
Valeriia Mishchenko  
kenlu #:
Hi Valeriia, I have bought all your EAs. Could you add me to your Telegram group?

Hi! Sure. Please, take a look at your private messages

Christoph Weber  

Hello Valeriia

Just bought your EA and would be grateful if you could add me to your telegram group. Thanks in advance and best regards.

Valeriia Mishchenko  
Christoph Weber #:

Hello Valeriia

Just bought your EA and would be grateful if you could add me to your telegram group. Thanks in advance and best regards.

Hello Christoph,

Of course. I've answered you in private messages

dusmith3333  

Hi Valeriia, first off, big fan of yours. I'm looking forward to your new EA release next month. My question is, I purchased Golden Pickaxe in MT5 format. How is it possible to load it on MT4? My broker does not support MT5,

Duane Smith

Valeriia Mishchenko  
dusmith3333 #:

Hi Valeriia, first off, big fan of yours. I'm looking forward to your new EA release next month. My question is, I purchased Golden Pickaxe in MT5 format. How is it possible to load it on MT4? My broker does not support MT5,

Duane Smith

Hi Duane,

There are two sections on the MQL Market: one for MT 4 applications, another for MT 5. Most people still prefer MT 4 applications since more broker provide MT 4 than MT 5. But here you need to choose one of the two

If you want to use the MT 5 EA on MT 4, you need to use a MT 5-->MT 4 copier. I don't think it is allowed to mention tools of other developers here, but if you need it, I can send the one I use in a private message to you

tattila  

Hi

Please add me to your telegram group. Thanks in advance and best regards.

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