Question 1

What trading strategy does Bitcoin Wizard MT5 use?

Accepted Answer

Bitcoin Wizard MT5 is a Breakout EA. It places pending orders above recent highs and below recent lows to capture strong momentum breakouts in Bitcoin.

Question 2

Does Bitcoin Wizard MT5 use Martingale or Grid?

Accepted Answer

No. The EA completely avoids Martingale, Grid, and Hedging. It follows a clean breakout strategy with proper risk management instead of dangerous recovery methods.

Question 3

What is the risk per trade?

Accepted Answer

By default, the EA risks 10% per trade, which is considered aggressive. Traders should adjust this setting according to their risk tolerance and account size.

Question 4

Does it have a news filter?

Accepted Answer

No. The EA does not include a news filter. It can trade during news events, so traders should be aware of potential volatility around major economic releases.

Question 5

Is Bitcoin Wizard MT5 fully automated?

Accepted Answer

Yes. Once attached to the BTCUSD chart, the EA runs completely automatically. It handles order placement, trade management, trailing stops, and break-even without any manual intervention.

Question 6

What lot sizing method does it use?

Accepted Answer

The EA supports both Fixed Lot and Auto Lot sizing. You can choose to trade with a fixed lot size or let it calculate lot size based on your chosen risk percentage.

Question 7

Does it trade on weekends?

Accepted Answer

Yes. Bitcoin Wizard MT5 can trade on Saturdays and Sundays since the cryptocurrency market operates 24/7. There is no automatic weekend trading restriction.

Bitcoin Wizard MT5Premium

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