Bitcoin Wizard is an automated trading system specifically designed for Bitcoin trading, utilizing pending orders based on high and low levels during specific periods to capitalize on strong market momentum. Here’s why you should consider Bitcoin Wizard:
- Bitcoin Wizard operates as a fully automated trading system, available 24/7.
- It avoids risky strategies like hedging, martingale, grid trading, or placing multiple orders.
- Each trade is safeguarded with a stop loss of 100 pips.
Real Signal | Setfile : Download here | Backtest Report | Broker Spread Comparison
For setup, consider the following details:
- Symbol: BTCUSD/BITCOIN
- Timeframe: M30
- Test Period: 1/1-05/12/2023 (Every Tick)
- Account Types: Standard, Premium, ECN, RAW, Hedging (Leverage 1:500)
- Settings: Requires Setfile
- Minimum/Recommended Deposit: $100/$1000
- Compatibility: Bitcoin Wizard can seamlessly integrate with other Expert Advisors (EAs) in the same account.
Key features for managing your trading positions include:
- Managing Open Positions:
- Set the period in bars for indicators to determine the look-back duration.
- Managing Lots and Money:
- Enable or disable autolots.
- Specify the amount of money to manage for autolot calculation or set an initial lot size.
- Define the maximum lots per trade.
- Managing SL-TP Settings:
- Set stop loss and take profit levels in pips.
- Managing Trailing:
- Enable or disable trailing stop functionality.
- Define trailing start and step trailing sizes in pips.
- Managing BreakEven:
- Enable or disable break-even functionality.
- Specify break-even start and step sizes in pips.
- Managing Other Parameters:
- Specify maximum spread and slippage allowed.
- Set a coefficient to anticipate volatile market conditions.
- Define a magic number for EA position identification.
Important considerations:
- Bitcoin Wizard performance can be impacted by differences in slippage and spreads among brokers. It’s advisable to select brokers with spreads below 1200 points.
- Prior to purchase, conduct backtesting at your chosen broker to assess suitability.
Understand the risks associated with trading, and note that past performance does not guarantee future results.
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