Manual for Golden PickAxe EA

Download and unpack the archive with the product

Upon purchasing this product, you will receive a confirmation email containing a download link for the Golden Pickaxe EA archive. To get started, it is crucial to read the manual carefully and follow all the recommendations step-by-step. Then, proceed to download and extract the Golden Pickaxe EA archive.

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Open the root directory of your MT4 platform

To access the root directory of your MT4 platform, click on the “File” menu located in the top-left corner of your trading platform. From the drop-down menu, select “Open data folder” to proceed.

Open the “MQL4” folder inside the root directory of your platform and find the “Experts” folder inside

Restart your MT4 platform

This is necessary for any changes you make to take effect.

Open the XAUUSD quotes chart

Golden Pickaxe EA is designed specifically for trading on GOLD, which is displayed as XAUUSD in the MT4 platform. To find XAUUSD, click on the “Market Watch” button and search for it in the list of available assets for trading.

In case you don’t see XAUUSD listed in the available assets on your platform, you can try right-clicking on the asset list and selecting the “Show all” option:

To proceed, set the timeframe of the XAUUSD quotes chart to M1. You can do this by checking that the M1 timeframe is displayed in the upper left corner of the quotes chart.

Activate Web Request

To ensure proper functioning of the EA and its news filter function, it is recommended to allow Web requests in your platform settings. You can do this by clicking on the “Tools” button in the upper left corner of your platform and selecting “Options” from the drop-down menu:

Check the “Allow WebRequest for listed URL’ box”. 

Add the following URLS by clicking on the green ‘+’ symbol and copy-pasting one by one:

Activate the “Auto Trading” button:

Open the “Navigator” folder, find the Golden Pickaxe EA file in the “Experts” branch and drag it onto the XAUUSD M1 quotes chart:

Once the above steps have been completed, the Golden Pickaxe EA will begin to activate all of its trading services, and its trading panel will appear on the quotes chart as shown in the previous image. If the “Live Trading” text appears in blue at the bottom of the trading panel, it means that the advisor will begin trading very soon.

Selecting a trading mode

Upon purchasing the Golden Pickaxe EA, you will find a folder with “Set-files” in the archive. These files are designed to configure the EA automatically. To utilize them, navigate to the manual settings of Golden Pickaxe by double-clicking on the expert icon situated in the upper right corner of the quotes chart where it is installed. In the manual settings window, click on the “Load” button and search for the folder containing these set-files using your PC’s internal navigation. From there, select one of the suggested options for automatic settings.