BitcoinRobot EA V1.0 MT4 – Strategy Overview & Trading Conditions

BitcoinRobot EA V1.0 is an expert advisor designed specifically for Bitcoin trading on the MT4 platform. It uses an advanced algorithm to analyze market conditions, detect optimal entry and exit points, and execute trades with precision. Below, we outline the essential details regarding its minimum deposit, trading timeframe, and currency pair along with an in-depth look at its trading strategy.

Key Trading Conditions

Parameter	Details
Minimum Deposit	$500+ (Recommended for volatility management)
Timeframe	M15, H1 (Best for trend identification)
Currency Pair	BTC/USD (Designed exclusively for Bitcoin trading)

 

How BitcoinRobot EA V1.0 Takes Trades

BitcoinRobot EA V1.0 utilizes a trend-following & breakout strategy optimized for Bitcoin’s volatile nature. Below is a step-by-step breakdown of its trade execution process:

Trend Analysis & Market Structure Identification

• The EA analyzes the 200 EMA (Exponential Moving Average) to determine the long-term trend.
• If the price is above the 200 EMA, the EA considers only buy (long) trades.
• If the price is below the 200 EMA, it focuses on sell (short) trades.

Entry Criteria – Breakout Confirmation

• Uses a Bollinger Band breakout strategy to identify momentum shifts.
• Confirms breakout using Relative Strength Index (RSI) to filter overbought/oversold conditions.
• If BTC/USD breaks above the upper Bollinger Band with RSI confirmation (above 55), a buy trade is placed.
• If BTC/USD breaks below the lower Bollinger Band with RSI below 45, a sell trade is executed.

Trade Execution & Risk Management

• Uses a dynamic stop-loss system based on ATR (Average True Range) to adapt to market volatility.
• Take-profit levels are set using Fibonacci retracement levels.
• Implements a trailing stop feature to lock in profits once the price moves in favor.

Avoiding False Breakouts & High-Impact News Filters

• The EA avoids trading during high-impact news events by integrating an economic calendar filter.
• Uses a spread filter to prevent trading when market conditions are unstable.

Why Use BitcoinRobot EA V1.0?

Optimized for Bitcoin Volatility – Trades BTC/USD with precision.
Trend-Following & Breakout Strategy – Reduces false signals.
Risk-Managed Approach – ATR-based stop-loss & trailing features.
Automated News Filter – Avoids unnecessary drawdowns.

This EA is best suited for traders looking for an automated, structured approach to Bitcoin trading with a balance of risk management and high-profit potential.