🧩What is BTC Bot MT4?
The BTC Bot is an automated Expert Advisor (EA) specifically engineered for Bitcoin (BTCUSD), though its versatile logic allows it to be applied to other major forex pairs and Gold. It utilizes the Stochastic Tape Indicator to capture momentum shifts, transitioning between buy and sell regimes based on color-coded signals.
🧩Distance & Grid Configuration
➡️Fixed Distance: 200
- Defines the base distance (in points) between orders.
- A relatively wide spacing, suitable for high-volatility instruments like BTC.
- Helps reduce over-trading during strong price swings.
➡️Order Dynamic Distance: 6
- Enables dynamic expansion of distance as more orders are opened.
- Prevents orders from clustering too closely during trending markets.
➡️Dynamic Distance Start: 200
- Dynamic scaling begins immediately from the first order.
- This increases safety but reduces trade frequency.
➡️Distance Multiplier: 1.2
- Each new order is placed 1.2× farther than the previous one.
- This is a moderate grid expansion, balancing drawdown control and recovery speed.
Evaluation:
✔ Conservative grid design
✔ Suitable for BTC volatility
⚠ Slower recovery in long trends
🧩News Filter Settings
All impact levels are set to false:
- High impact: ❌
- Medium impact: ❌
- Low impact: ❌
Pause durations are defined but inactive.
Implication:
- The bot does not avoid news events.
- High risk during BTC-related macro events (CPI, FED, ETF news).
Recommendation:
For live accounts, enable high-impact news filtering to reduce sudden drawdowns.
🧩Trading Session & Core Controls
➡️Open New Series: true
- Allows continuous trading cycles.
➡️Trade Buy / Trade Sell: true
- Bot trades both directions, improving adaptability.
➡️Manage Manual Orders: false
- Manual trades are not managed by the EA (safer separation).
➡️Use Hedge: true
- Enables hedging mode.
- Very useful in range-bound BTC markets.
➡️Max Spread: 0 (disabled)
- No spread protection.
- Can be risky during high volatility or low liquidity.
➡️Trading Hours: 00:00 – 00:00
- Trades 24/7, suitable for crypto markets.
🧩Indicator Logic – Stochastic Tape
| Parameter | Value | Meaning |
|---|---|---|
| Kperiod | 34 | Long-term momentum filter |
| Dperiod | 5 | Signal smoothing |
| Slowing | 10 | Noise reduction |
| MA Method | Smoothed | Stable signals |
| Price Field | Low/High | Volatility-aware |
Evaluation:
✔ Designed to avoid false signals
✔ Works best in sideways & mild trend markets
⚠ May enter late in fast breakouts
🧩Risk & Money Management
➡️Initial Lot: 0.01
- Safe starting size.
- Suitable for small to medium accounts.
➡️Autolot: false
- Manual lot control improves predictability.
➡️Lot Multiplier: 1.5
- Aggressive recovery scaling.
- Can increase drawdown quickly if trend persists.
➡️Max Lot: 5.0
- Caps risk exposure.
- Essential for grid safety.
➡️Max Buy / Sell Orders: 10
- Balanced grid depth.
- Prevents runaway exposure.
🧩Take Profit, Stop Loss & Trailing
➡️TP Mode: Virtual
- Hidden from broker.
- Useful against stop hunting.
➡️TP (0 – not used): 200
- Defined but unclear if active due to virtual mode.
➡️SL Mode: Virtual
- Again hidden, but SL value = 0 → effectively no stop loss.
➡️Trailing Mode: Virtual
- Trail Start: 0 (disabled)
- Trail Step: 100
Risk Insight:
⚠ No hard stop loss = grid-style drawdown risk
✔ Virtual TP/SL adds stealth
❗ Account survival depends on margin & discipline
🧩Order Overlap & Timing
➡️Overlap Last Order: true
- Allows stacking positions near last entry.
➡️Overlap Order Number: 8
- Only after 8 orders, overlap logic activates.
➡️Overlap Percent: 3
- Tight overlap range.
➡️Pause Between Orders: 0
- No cooldown → faster grid buildup.
🧩Visual & Panel Settings
- Font: Verdana
- Colors: White text, Dark Violet highlights, Gray background
- Info Panel: Enabled
Result:
✔ Clear, readable interface
✔ No impact on performance
🧩Final Conclusion – Is This BTC Bot Setup Good?
➡️Strengths
✅ Conservative grid spacing
✅ Hedging enabled
✅ Suitable for BTC’s 24/7 market
✅ Strong visual clarity
✅ Stable stochastic signal logic
➡️Weaknesses
❌ No news protection
❌ No real stop loss
❌ Lot multiplier can escalate risk
❌ No spread filter
➡️Overall Verdict
This BTC Bot MT4 configuration is optimized for ranging and moderately volatile BTC markets, prioritizing grid safety and recovery over aggressive profit. However, it relies heavily on account margin and lacks protection against extreme trends and news spikes.
