BITCOIN ROBOT EA MT4 – Full Input Settings Analysis

Bitcoin Robot EA is fully automated Expert Advisor for trading Bitcoins in MetaTrader 4. An experienced trader and programmer team combined in the development of this expert advisor that developed an advanced algorithm to combine price action, trend tracking, and various other proprietary indicators to optimize trading opportunities.

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Main transaction settings

• MagicNumber = 983777: Specific EA-trading number generated for identification and control reasons.
• TradeComment = Bitcoin Robot: Personal remark added to all trades so they can be recognized.
• Slippage = 100.0: Highest slippage limit, best suited for the highly volatile price moves of Bitcoin.
• TradingDirection = Buy/Sell: Facilitates trading in long and short direction.
• FixedLot = 0.3: Trading in fixed lot size 0.3 — rather large for small account size.
• RiskPercent = 0.0: Off percentage lot size.
• MaxOrdersPerDay = 0: Unlimited daily trades — EA can make unlimited daily trades.
• MaxSpread = 0: Spread has no limit — be careful during volatile market time or news hour.
• CloseOpposite = false: Opposite orders are not closed when a new trade is opened.

Recovery mechanism

• RecoveryMode = true: Activates recovery strategy for losing trades.
• RecoveryMultiplier = 2.0: Recovery double lot size — risky martingale strategy.
• RecoveryMaxCycle = 3: Up to 3 cycles of attempts to recover.
• RecoveryFullLoss = true: Allows recovery even for a trade that reaches full Stop Loss.

Take Profit, SL và Trailing

• TakeProfit = 15000.0: Sets Take Profit to 15,000 points (~150 pips if 1 pip = 100 points for BTC).
• StopLoss = 10000.0: Sets Stop Loss to 10,000 points (~100 pips).
• BreakEvenTrigger = 2200.0: Sets break-even trigger at profit of 2,200 points.
• BreakEvenTo = 2100.0: Shifts SL to +2,100 points on break-even.
• TrailingStart = 3000.0: Enables trailing stop after profit of 3,000 points.
• TrailingDistance = 2500.0: Trailing stop is 2,500 points behind price.
• TrailingStep = 200.0: Every 200-point move has trailing stop recovered.

Key Takeaways

• Optimized for BTCUSD: With flexible timing and easy setup – a single parameter, that is.
• Extensive Risk Management: It uses Take Profit, Stop Loss, Trailing Stop, and Break Even; it doesn’t employ grid, martingale, and hedging and opens one position at a time.
• Exclusive Support & News Filter: It provides support to an exclusive group and a news filter for better risk management.