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TradeButterfly

The MT4 trading advisor calculates the formed Gartley Butterfly shapes and makes a decision at the start of trading.

"Butterfly Gartley" - one of the figures of graphical analysis, popularized by technical analyst Larry Pesavento, taken from the author's publication "Profit in the stock market", published in the mid-thirties. To date, there are 12 basic "Gartley patterns" - graphic figures with the construction, based on the application of Fibonacci levels and ratios.

The algorithm of tracking each position with a trailing stop allows you to effectively control each position.
Trading instruments (m5 timeframe): EURUSD, GBPUSD, USDJPY, USDCAD.
To increase the efficiency of using the TradeButterfly advisor, it is recommended to use:
  • VPS;
  • low spread;
  • 5-valued flow of quotes.

Settings:

  • MaxRisk - Risk for calculating the trading lot;
  • if MaxRisk = 0, Lot will be - If Max Risk = 0, the lot will be like this;
  • Take Profit - Take Profit;
  • Stop Loss - Stop Loss;
  • MaxLot - Maximum lot;
  • Start trailing - Start trailing stop;
  • First trailing level - The first level of the trailing stop;
  • Trailing step - trailing stop step;
  • Butterfly shape accuracy - accuracy of the shape of the butterfly;
  • Maximum butterfly wing ratio - The maximum ratio of butterfly wings;
  • Use the adviser's working time? - Use working time?
  • The hour of commencement of trade - Hour start trading;
  • Minute of commencement of trade - Hour start trading;
  • Hour of the end of trade - Hour of the end of trade;
  • Minute of the end of trade - Minute of the end of the trade;
  • Slippage - Maximum slippage;
  • Max Spread - Maximum Spread;
  • Magic Number - Magic number;
  • Comment to order - Comment to the opened orders.

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