Trading utilities for MetaTrader 5
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MetaTrader 5
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Overview
The set files are in my profile.
BTC/USD (H1) Bot Operation Summary
This automated trading bot trades the BTC/USD pair using a combined Bollinger Bands and RSI strategy on hourly (H1) charts. Its goal is to capture significant Bitcoin movements while carefully managing risk in this highly volatile market.
How the system works:
Signaling:
Analyzes the price using Bollinger Bands (period 50, deviation 3.0)
Combines this information with the RSI (period 11) to confirm entries
Generates signals when the price touches the extreme bands along with overbought/oversold conditions
Risk Management:
Trades with minimal risk per trade (0.01% of capital)
Uses wide stops (400,000 points) to avoid premature exits
Take large profits (1,000,000 points) to take advantage of prolonged trends
Market Filters:
Avoids trading with excessively high spreads (>20,000 points)
Limits trades during periods of extreme volatility
Includes slippage protection (up to 10,000 points)
Key Features:
Specifically designed for market volatility Bitcoin
Conservative setup with a focus on preserving capital
Optimal for sustained movements rather than scalping
Works best in trending market conditions
Initial recommendation:
Before using on real accounts, it is suggested to:
Perform thorough backtesting
Test on a demo account for at least 1 month
Adjust risk parameters based on available capital
Monitor especially during major macroeconomic events
