Golden Pickaxe MT5

Bulls and Bears Power MT5 Review Currency Trading Foreign Exchange Trading Forex Market Analysis Forex Trading Software Golden Pickaxe MT5 High-Performance Trading

Profit:

101.62$

Traders:

(41/15)

Most Profit Trade:

21.92$

Most Loss Trade:

-55.26$

Profit Factor:

0.62

Average Loss:

-35.74$

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Overview

The Golden Pickaxe MT5 is a high-performance Forex trading software that stands out in the competitive world of foreign exchange trading. This software is specifically designed to optimize trading in the gold market, making it a unique tool in the Forex market.

Unique Features of Golden Pickaxe MT5

Golden Pickaxe MT5 utilizes machine learning technology to place trades with high-profit potential. It capitalizes on real market inefficiencies, giving traders an edge over the market. The software offers five predefined set files or trading systems on gold, including XAU Risky, XAU Balanced, XAU Classic, XAU Risky Vol, and XAU Balanced Vol. Traders can choose the default option (XAU Risky) or opt for a system that aligns with their trading preferences.

Furthermore, the software allows traders to retrain the Neural Network on their broker’s data. This feature, combined with an advanced News and Stock Market Crash Filter, provides a flexible customization with a lot of filters and options. The software boasts a solid backtest and live performance, making it a reliable tool for Forex trading.

Installation and Requirements

For optimal functionality, the Golden Pickaxe MT5 should be attached to only one XAUUSD M1 chart. It requires access to the news list website and time server for news filter and time detection functions. The software is not sensitive to spread and slippage, but it is advisable to use a good ECN broker. It should run on a VPS continuously, and with only 1:30 leverage, it is recommended not to use higher than low risk settings on a less than $6000 account.

Money Management and Risk Settings

The software provides options for managing money and risk settings. Traders can decide on the opening of new grids, select the lot sizing method according to the risk they want to take, and choose the percentage of the deposit that will be used to open the initial trade. These settings allow traders to customize the software to their trading style and risk appetite.

Strategy and Performance

The Golden Pickaxe MT5 operates on a mean-reversion grid trading system. It offers a percentage pips mode, which can be turned on or off. The software comes with a Statistic Panel that features a Self Diagnostic System and Neural Network Forecast indicator.

FAQ

Is the Golden Pickaxe MT5 easy to use?
Yes, the software is user-friendly, and it comes with a guide to assist traders in understanding its operations.

Can I watch independent testing of this product?
Yes, independent testing of the Golden Pickaxe MT5 can be viewed on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.

Can I share my experience of using this product?
Absolutely, sharing your experiences helps other traders make informed decisions about the product.

This independent product review is designed to provide an unbiased evaluation of the Golden Pickaxe MT5. It is not affiliated with the product or its creators. The review is based on the product’s features, performance, and user experience.