Bitcoin Wizard 16
Hello All, good news, the very famous Bitcoin Wizard version 1.6 is now available on the mql5 website which works very smoothly.
Bitcoin Wizard – Automated Bitcoin Trading System
Bitcoin Wizard is an advanced automated trading system designed specifically for Bitcoin trading. It identifies strong market momentum by analyzing high–low price levels within specific periods and executes pending orders to capture breakout opportunities.
Built for traders who want a fully automated solution, Bitcoin Wizard operates continuously and follows strict risk management rules on every trade.
Why Choose Bitcoin Wizard?
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Fully Automated Trading – Operates 24/7 without manual intervention
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Momentum-Based Strategy – Uses high–low breakout logic to capture strong market moves
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No Risky Strategies – Does not use martingale, grid, hedging, or multiple order systems
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Strict Risk Management – Every trade is protected with a 100-pip stop loss
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Compatible with Other EAs – Can run together with other Expert Advisors in the same account
Additional resources included:
Recommended SetupSymbol: BTCUSD / BITCOIN
Timeframe: M30
Test Modelling: Every Tick
Account Types: preferably low spread account under 1200 points
Leverage: any
Minimum Deposit: $100
A setfile is required for optimal performance.
EA Settings Overview1. Position Management
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Pending Order – Enable or disable pending orders
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Period in Bars for Indicators – Defines how many bars the EA analyzes for signals
2. Lot & Money Management
AutoLot
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Enable automatic lot calculation based on account balance.
Example:
If balance = $1000
Money to manage = $200
Lot size calculation:
1000 / 200 = 5 × 0.01 = 0.05 lot
So every $200 increase, the lot size increases by 0.01.
Other parameters:
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Start Lot – Initial lot size if AutoLot is disabled
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Maximal Lots – Maximum lot per trade
3. Stop Loss & Take Profit
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Stop Loss (pips) – Default protection for every trade
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Take Profit (pips) – Profit target
4. Trailing Stop
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Trailing – Enable or disable trailing stop
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Trailing Start – Profit level where trailing begins
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Trailing Size – Distance for trailing adjustments
5. BreakEven System
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Break Even – Enable or disable break-even protection
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Break Even Start – Profit level to activate break-even
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Break Even Step – Step distance for adjustment
6. Commission Settings
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Include Commission – Enable if your broker charges commission
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Commission per Lot – Enter commission amount per lot
7. Time Management
Control trading days and hours (based on broker server time).
Settings include:
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Trade Start Time
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Trade End Time
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Enable/disable trading for each day (Monday – Sunday)
This restriction applies only when starting a new trading cycle.
8. News Filter
Bitcoin Wizard includes a built-in economic news filter.
Options include:
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Stop trading during news events
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Filter news by impact level (low, medium, high)
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Control minutes before and after news
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Automatic or manual GMT adjustment
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Choose which currencies to display
9. Additional Controls
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Max Spread (pips) – Maximum spread allowed
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Max Slippage (pips) – Maximum execution slippage
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Coefficient – Helps adapt to broker freeze levels in volatile markets
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Magic Number – Unique identifier for EA trades
Bitcoin Wizard is sensitive to broker conditions, especially spread and slippage.
Recommended conditions:
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Spread below 1200 points (lower is better)
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Stable execution environment
Before purchasing, it is strongly recommended to run a backtest using your broker’s data to ensure compatibility.
Authenticity Warning
Bitcoin Wizard is sold only on the MQL5 Marketplace.
Any copy found outside the official marketplace is not authentic.
Support
If you need assistance with installation or configuration, feel free to contact us via private message (PM). We aim to respond as quickly as possible.
Risk Disclaimer
Trading financial markets involves significant risk.
Past performance does not guarantee future results.
Please ensure you fully understand the risks before purchasing or trading with this system.
