EA review · Updated
Golden Pickaxe EA Review
- Strategy
- Trend-Following
- Live return / max. DD
- no public live account
- Price
- $749
trend-following on XAUUSD by Valery Trading. ATS-vetted; no publicly linked live account — rating from strategy audit.
How we checked
- Reviewed by
- Pitt Petruschkeruns AlgoVerdict · MethodologyNo public live data
- Last checked
- facts, score and evidence as of this date
- Evidence (1)
- Product page (AlgoTradingSpace) · links the live/funded accounts (Myfxbook-fed)
- Changes
No changes documented yet.
AlgoVerdict score
Weighted from 6 criteria — weighting in percent.
- Live track record25%
- 3.0
- Strategy risk20%
- 3.6
- Transparency20%
- 3.4
- Value for money15%
- 2.8
- Usability10%
- 3.8
- Broker independence10%
- 3.0
- Strategy
- trend-following
- Market
- XAUUSD
- Platform
- MT4/MT5
- Price
- $749
- Vendor
- Valery Trading
- Source
- AlgoTradingSpace
- Verified live track
- No continuous public live account
- Calibrated setfile, onboarding & support via ATS
- No continuous public live account — returns only partly verifiable
- Automated EA — no substitute for your own risk management
What Golden Pickaxe EA is
Golden Pickaxe EA by Valery Trading is a trend-following EA on XAUUSD (MT4/MT5), sold via AlgoTradingSpace. We classify it independently — by strategy risk, verified live track, transparency and value, not by vendor promises.
Live results & track record
The crux here: AlgoTradingSpace links no continuous public live account for this EA. An equity curve from backtests alone says little about real money — slippage, spread and execution are missing, and parameters can be fitted to the past until the curve looks perfect. Without a linked account we treat every return claim with scepticism; the EA is ATS-vetted, but the rating stays deliberately cautious.
Strategy & risk
The trend-following approach sets the risk profile. The approach uses defined entries/exits; what matters is whether the live track confirms the backtest picture. What AlgoTradingSpace adds is calibration with a fixed risk cap instead of the aggressive vendor default — exactly the ceiling any EA needs.
Cost & usability
Price sits at $749. Via AlgoTradingSpace you get a setfile, onboarding and support — the EA doesn't have to run blind on the vendor default.
Who it is (not) for
Suitable for traders who check the live signal carefully themselves and run the EA calibrated via ATS (with a risk cap) and budget it as *one* building block. Not suitable for small accounts without a buffer or for anyone who mistakes a smooth backtest curve for a guarantee.
Verdict
Golden Pickaxe EA lands at 3.3/5 — with reservations. Until a live account is linked, the rating stays deliberately cautious.
How the strategy trades
A schematic simulation of the strategy type we assign Golden Pickaxe EA to — not a replica of this EA and not real price data.
How it works
- Two moving averages show the direction: EMA 9 (fast) and EMA 21 (slow).
- While the fast one is above the slow one the EA is long; when it crosses below, it exits.
- Small false signals cost little – the one big trend brings the profit. If it never comes, the small losses pile up.
What we check
What we check on real trend EAs: how long sideways phases last, how deep the run of small losses in between gets – and whether the account can sit through it.
Demonstration values: a simulated EURUSD path with 0.10 lots and $10,000 starting capital, deliberately favourable – every basket and every trend works out here. Not a real trading strategy, not a backtest and not investment advice.
Live track record
AlgoTradingSpace currently links no public live or funded account for this EA. The rating therefore rests on our strategy audit and ATS vetting, not on a verified account — and stays correspondingly cautious.
Frequently asked questions
- Which markets does Golden Pickaxe EA trade?
XAUUSD. Mind the symbol: brokers name commodities differently (XAUUSD, GOLD, XTIUSD, USOIL and so on). Checking Market Watch before attaching the EA avoids the most common setup mistake.
- Which platform does Golden Pickaxe EA run on?
MT4/MT5. Continuous operation needs a VPS, because a sleeping machine leaves open positions unattended: VPS providers compared.
- What does Golden Pickaxe EA cost?
$749 (as of our last check). We take prices from the vendor, ATS or MQL5 product page, not from marketing copy — that often quotes different figures than the buy button.
- Is Golden Pickaxe EA any good?
Our grade: 3.3 out of 5, traffic light yellow — with reservations. It comes from six criteria, weighted most heavily towards the verified live track record and strategy risk. We rate from real accounts, not vendor backtests, and no EA vendor pays for ratings — the weighting is public in our methodology.
- Is there a verified live track for Golden Pickaxe EA?
No — we hold no independently checked live track for this specific EA. What we can place is the design and the vendor context. Without a documented account we rate conservatively; how we weight that is in our methodology.