EA has high-performance live track records of different set files:

XAU Risky Vol
XAU Balanced Vol
XAU Balanced

Golden Pickaxe is a mean-reversion grid trading system that uses machine learning technology to place high-profit potential trades on the Gold market. It uses real market inefficiencies to its advantage to have an edge over the market. The EA has 5 predefined set files, which are essentially 5 different trading systems on gold. You may choose the default option (XAU Risky) or have your own preference

Supported currency pairs: XAUUSD (aka GOLD)

Timeframe: M1

Features:

Allows you to retrain Neural Network on your broker’s data
Advanced News and Stock Market Crash Filter
Flexible customization with a lot of filters and options
Solid backtest and live performance
Statistic Panel with Self Diagnostic System and Neural Network Forecast indicator
Much cheaper than available high-quality alternatives
Very easy to use: just read 2 lines of instructions below

Backtests should be done with Tick Data Suite GMT+2 with US DST. This GMT offset is used by most brokers

How to install

The EA must be attached to ONLY one XAUUSD M1 chart
You need to give the EA access to the news list website and time server for news filter and time detection functionality to work correctly. Here is the link for the guide on how to do that (from 1:00 to 2:05)
Video on the EA installation
Archive with set files and the guide

Requirements

The EA is NOT sensitive to spread and slippage. But I advise using a good ECN broker
The EA should run on a VPS continuously
With only 1:30 leverage I advise not to use higher than low risk settings on a less than $6000 account, otherwise you might have problems with free margin. With 1:100 leverage it should be fine with up to significant risk setting on a $1000 account

MM & Risk settings

Allow Opening a new Grid – on/off opening of new grids. It does not affect the already open grids
Lot-sizing Method – select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the “Fixed lot” parameter, Dynamic Lots will use ‘Dynamic Lot’ parameter, Deposit load will calculate lots based on deposit load%, and 4 predefined presets will calculate risk automatically for you
Fixed Lot – fixed trading lot for the initial trade.
Dynamic Lot (Balance/Equity based) – balance/equity to be used per 0.01 lot
Deposit Load % – % of the deposit that will be totally used to open the initial trade

Strategy

Percentage Pips Mode – on/off percentage pips mode. 1 per. pip = 0.0001 * Curr. Price
Price Channel Period – period of Donchian channels used to calculate the upper/lower levels
Price Channel Time Frame – working TF for the Donchian channels
Daily EMA Period – period of the daily EMA for calculating the medium-term trend
Volatility Filter – allows you to avoid risky trades during periods of high volatility

Machine Learning

Enable Neural Network Filter – on/off filtering of trades using ML technology
Use Built-in Perceptron Configuration – if true, the EA will use built-in Perceptron config. If false, the EA will load the custom config file Perceptron_Config.txt located in the common directory for all MT4/5 terminals
Min Probability of Profit % – min predicted probability that a trade will result in profit

Perceptron Training

Perceptron Training Mode – if true, the EA will try to train Perceptron and save results in the external config file Perceptron_Config.txt
Dataset Max Size – maximum dataset size for raw data
Neuron in Hidden Layer – number of neurons in the hidden layer. If zero, then no hidden layer will be used
Training Algo – training algorithm: Levenberg–Marquardt or L-BFGS
Number of Restarts – max. number of restarts to find global optimum

Grid settings