Bitcoin Wizard MT4

Pending order grid EA · Auto or manual price levels · Any pair/timeframe · MT4

About Bitcoin Wizard MT4

The Bitcoin Wizard MT4 is an Expert Advisor for MetaTrader 4, available on the MQL5 Market (product/177705). It is built around a pending order grid approach — the EA places buy and sell pending stop orders at a specified step distance from an initial price level (either set manually or generated automatically by the algorithm). As price moves and triggers these orders, the EA manages the open trades and closes them in profit.

The system can operate on any timeframe, any currency pair, or multiple pairs simultaneously, making it a versatile framework that goes beyond Bitcoin despite its name. The "wizard" aspect refers to its automatic price-level generation — traders can let the EA detect initial reference levels on its own, or override with custom input levels. This gives both automated and semi-manual deployment options.

Platform: MetaTrader 4
Strategy: Pending order grid from initial price reference
Order placement: Buy and sell stop orders at equal step intervals
Price level: Manual input or auto-generated by the algorithm
Compatibility: Any timeframe, any currency pair, multiple pairs simultaneously
Source: mql5.com/en/market/product/177705

Key Features

✓ Pending order system — all entries are pre-placed stops; execution occurs only when price actually reaches the level

✓ Flexible initial level — manual or automatic price reference provides both control and convenience

✓ Multi-pair capable — run on multiple instruments from a single chart instance

✓ Any timeframe — compatible with all timeframes from M1 to MN

⚠ Grid strategy — adverse trending markets can accumulate multiple losing orders; use conservative step sizes and account sizing

⚠ Grid EAs require close monitoring in strongly trending conditions — consider adding a trend filter to the entry logic

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