Bitcoin Wizard MT4
An MT4 breakout scalper for BTCUSD that places pending buy/sell stops around recent ranges and uses a hard stop.
Bitcoin Wizard is a fully automated MetaTrader 4 expert advisor that scalps BTCUSD using a momentum breakout method. It places buy-stop and sell-stop pending orders just beyond the high and low of a configurable look-back period, enters when price breaks out with momentum, and applies a fixed stop loss to every trade. The EA holds trades for minutes rather than days and does not use grid, martingale, or hedging.
The build here is version 3.1. The EA includes trailing stop and break-even options, AutoLot position sizing that can scale with account balance, light news and time filters, and spread and slippage checks to avoid poor entry conditions. AutoFXRebate provides the download, a PDF install guide, and Telegram support for setup questions.
Start on demo and keep AutoLot conservative. This EA scales lot size with balance; begin with small fixed lots or a low AutoLot setting until you understand its live fills and drawdown profile.
Specifications
- Tool type
- Fully automated Expert Advisor
- Platform
- MetaTrader 4
- Strategy
- Momentum breakout with pending buy-stop and sell-stop around recent highs/lows
- Market
- BTCUSD only
- Recommended timeframe
- M30 (also runs on H1)
- Risk management
- Hard stop loss on every trade, trailing stop, break-even, no grid or martingale
- Money management
- AutoLot scaling with manual lot and max-lot cap alternatives
- Original list price
- $200
- At AutoFXRebate
- Free v3.1 download, PDF install guide and Telegram support
How the breakout entries work
The EA calculates the highest high and lowest low over a configurable look-back window and places buy-stop and sell-stop pending orders just beyond those points. An order fills only when price breaks out with enough force, so the robot responds to actual moves rather than predicting direction.
If price stays sideways, pending orders usually remain unfilled. Each filled trade uses a fixed stop loss and a take profit; you can enable trailing stop or move the stop to break-even through the inputs.
- Pending orders placed around period highs and lows to capture momentum moves.
- Fixed stop loss on every trade with an adjustable default in pips.
- Trailing stop and break-even options to lock profits.
Design trade-offs and what that means for you
Because the EA uses a hard stop and avoids grid or martingale, you will likely see more individual stopped trades than a recovery-style robot, but each loss is capped. That makes drawdowns clearer while limiting the risk of an open basket running away.
The robot runs on a single instrument, so account behaviour depends on BTCUSD volatility, spreads, and slippage at your broker. Use a low-spread crypto account and a reliable VPS to reduce execution issues.
Who it suits
Traders who want a single-instrument scalper based on breakout momentum and who accept more frequent small losses in exchange for capped risk.
Not suitable if you need a multi-pair robot or prefer recovery grids or martingale. In that case, consider other EAs in the AutoFXRebate library.
Features
- Pending-order breakout entries around configurable look-back highs and lows
- Hard stop loss and take profit on every trade
- Trailing stop and break-even management for winners
- AutoLot position sizing with manual override and max-lot cap
- Light news, time, spread and slippage filters to block poor entries
- Independent magic number so it can run alongside other EAs
Performance
A documented 2024 live run reported a high win rate with contained drawdown on a small account; use the demo period to record fills, win/loss frequency, average trade size and worst drawdown on your broker before risking real capital. Measure average slippage on BTCUSD and confirm whether stops are enforced as expected.
Pros
- Hard stop on every trade and no grid or martingale reduces risk of runaway losses
- Focused design for BTCUSD can simplify tuning compared with multi-pair EAs
- AutoLot lets the EA scale with account balance or you can use fixed lots
- Free download at AutoFXRebate with PDF install guide and Telegram support
Cons
- Single-instrument exposure means account swings will follow Bitcoin volatility
- A breakout scalper typically produces more small stop-outs than recovery-style robots
- Demo the exact broker and VPS conditions you will use live to confirm fills and slippage
- The free package here is an older v3.1 test build; test it on a demo account first before any long-term live use
Setup
- Unzip the download and copy the EA file into MQL4/Experts and the provided set file (Bitcoin_Wizard_M30.set) into the Presets folder
- Restart MetaTrader 4 so the EA and set file appear and the PDF install guide is visible
- Open BTCUSD on M30 (or H1), attach the EA and start with StartLot small and AutoLot conservative; keep StopLoss at the default until you understand live behaviour
- Run the EA on a demo account for at least two weeks and log trade frequency, average win/loss and the deepest drawdown
- Use a low-spread crypto account and a reliable VPS to reduce slippage and missed fills
- If you go live, consider opening the account through AutoFXRebate to receive backcom on every lot and message our Telegram group if you need installation help
Verdict
Bitcoin Wizard suits traders who want a momentum breakout scalper dedicated to BTCUSD and who prefer defined per-trade risk over recovery systems. Its hard-stop design means more stopped trades, but losses are predefined rather than open-ended.
Start on demo with conservative lot sizing and AutoLot off or low, follow the setup steps above, and only move to live when demo fills, slippage, and drawdown match your expectations. Download it free from AutoFXRebate and use Telegram support if you need help installing or adjusting inputs.
Risk disclaimer
Forex and CFD trading involves significant risk and may not be suitable for all investors. Indicators, EAs and trading tools do not guarantee profits. Always apply proper risk management. AutoFXRebate did not build these tools and does not endorse any result they claim; test on demo before risking money.
Get Bitcoin Wizard MT4 free
The file lives in our Telegram channel, together with the setup guide. Nothing to fill in.
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