The Bitcoin Robot for MT4 is a fully automated trading system designed to trade cryptocurrency markets, especially Bitcoin, using customizable strategies and risk management features. The input parameters visible in the screenshots show a balanced mix of trend indicators, recovery logic, and timing filters.
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⚙️ Key Trading Parameters and Strategy Components
🔁 Trading Direction
- TradingDirection: Buy/Sell
→ Enables both long and short positions, providing flexibility in various market conditions.
🔄 Recovery Strategy
- RecoveryMode: Enabled
- RecoveryMultiplier: 2.0
- RecoveryMaxCycle: 3
- RecoveryFullLoss: True
→ Implements a martingale-style recovery strategy. After a loss, position size is doubled to recover quickly, capped at 3 cycles to limit risk.
📊 Technical Indicator Filters
📈 ADX Filter (Disabled)
- ADXPeriod: 14
- ADXThreshold: 25
→ Though disabled, this trend-strength filter could help avoid trades during weak trends if activated.
📉 MA Filter (Disabled)
- MA1: Period 12, Simple
- MA2: Period 36, Simple
→ Potential crossover strategy; disabled in this configuration.
📊 RSI Filter (Disabled)
- RSIPeriod: 14
- RSI Upper/Lower: 70 / 30
→ Standard RSI levels used for overbought/oversold detection.
Note: All technical filters are currently disabled, suggesting the bot trades based on fixed rules rather than indicator signals.
💰 Risk Management & Lot Sizing
- FixedLot: 0.3 (Main EA) / 0.01 (News EA)
- RiskPercent: 0.0
- MaxOrdersPerDay: 20
- MaxTrades (News EA): 5
- MaxDrawdown %: 0.0 (not active)
→ Fixed lot size strategy is used, indicating a conservative risk model. However, no max drawdown limit is a significant risk factor.
📈 Profit Targets & Stop Losses
- TakeProfit: 15,000 (Main EA), 5,000 (News EA)
- StopLoss: 10,000 (Main EA), 5,000 (News EA)
→ High reward-to-risk targets, aiming for large trends but susceptible to market volatility. - TrailingStop / BreakEven Logic:
- BreakEvenTrigger: 2,200
- TrailingStart: 3,000
- TrailingDistance: 2,500
→ Aggressive trailing strategy helps protect profits in long moves.
🕒 Trade Timing & Filters
- TradeHours: 08:00 – 20:00 (Daily)
- StopTrading Time: 22:30 – 23:58
- News Filter Active: Yes
- DoNotTradeBefore/After News: 60 minutes
→ Smart use of time-based filters and news avoidance to reduce exposure to market spikes.
📰 News EA Parameters
- NewsEAActive: False (disabled in screenshot)
- If enabled, it:
- Opens trades around news with defined expiration (30 mins)
- Uses smaller fixed lots (0.01)
- Tight SL/TP (5,000 points)
→ Great for scalping post-news volatility, though currently disabled.
📌 Conclusion: Is Bitcoin Robot MT4 Efficient?
The current settings of the Bitcoin Robot MT4 suggest a strategy focused on:
- Fixed lot sizes (low risk per trade)
- Large Take Profit targets with trailing stops
- Aggressive recovery after loss (Martingale-based)
- Active during stable time windows (08:00–20:00)
- Disables most technical filters, relying on pure logic/timing
✅ Strengths
- Effective recovery logic
- High reward potential per trade
- Smart time filters
- Optional news protection logic
❗ Weaknesses
- Lack of active technical filters may reduce trade accuracy
- No active drawdown control (MaxDD = 0)
- High slippage tolerance (100 points)
- Martingale can be risky in trending losses
