Bitcoin PowerBands H1 EA MT4

Description

Bitcoin PowerBands H1 EA for MT4

Overview

The Bitcoin PowerBands H1 EA is an automated trading system specifically tailored for MetaTrader 4 (MT4). Traders can use this EA to participate in the dynamic Bitcoin market, aiming for profitable trades based on high volatility signals.

Key Features

• Strategy: The EA employs a combination of strategic concepts inspired by John Bollinger. These concepts predict and detect high volatility signals in the BTCUSD pair.
• Efficiency: The EA efficiently identifies and capitalizes on price movements during volatile periods.
• Versatility: It operates in both Buy and Sell directions, trailing the selected Bollinger Band (Upper, Middle, or Lower).
• Security Measures:
  • The EA is not a scalping robot; it focuses on specific signals.
  • It protects positions by breaking even at the opening price plus 5 points.
  • If a detected signal turns out to be a false volatility breakout, the loss is limited.
• User-Friendly Setup: Default parameters are optimized for performance, but traders can adjust the lot size according to their risk tolerance.

Minimum Requirements

• Deposit: $500
• Timeframe: H1 (1-hour chart)
• Currency Pair: BTCUSD

Trade Execution

1. Signal Detection: The EA monitors price movements and identifies potential volatility breakouts.
2. Entry Point:
   • When a valid signal is detected, the EA opens a position in the direction indicated by the Bollinger Band.
   • The Stop Loss is placed in the middle of the large candle prior to the opening.
3. Trailing Stop:
   • The EA trails the selected Bollinger Band (Upper, Middle, or Lower) to maximize gains.
   • It adjusts the Stop Loss as the trade progresses.
4. Risk Management:
   • Traders should adjust the lot size carefully to manage risk effectively.

Backtest Results

• Initial Deposit: $10,000
• Lot Size: 1 lot per trade
• Spread: 25 pips
• Net Profit: $30,042.63
• Profit Factor: 7.24
• Expected Payoff per Trade: $509.20
• Winning Trades Percentage: 64.41%
• Maximum Drawdown: 8.26%

Remember, trading involves risk, and past performance is not indicative of future results. This bot could be your ticket to success—so trade wisely and soar in the Forex world!

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Additional Resources :

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