TradeButterfly EA MT4: Gartley Butterfly Harmonic Trading
TradeButterfly EA calculates the formed Gartley Butterfly shapes (a graphic figure based on Fibonacci levels) to determine trading decisions. The Expert Advisor (EA) initiates work at the start of trading when the shape is confirmed. It features a trailing stop algorithm for effective position control and is optimized for four major currency pairs on the M5 timeframe.
➡️ Vendor website: View here
About the Author
This product is compiled by Evgeniy Zhdan. This author has more than +12 years of experience working on MQL5 with many famous products such as TradeButterfly EA, IncaGold EA, Stream Z50 EA, PinTrade MT4 and other advisors. Among them, TradeButterfly EA is his best performing product.
➡️ Delivery time 24h-48h after payment.
➡️ Refund if not delivered.
➡️ You will receive the current version without any limitations (ID+Time).
Key Features of TradeButterfly EA for MT4
🔹Harmonic Pattern Core: Calculates and identifies formed Gartley Butterfly shapes for trade entry.
🔹Fibonacci Basis: Strategy is based on the application of Fibonacci levels and ratios within the pattern.
🔹Shape Accuracy Control: Butterfly shape accuracy parameter allows filtering signal quality.
🔹Wing Ratio Customization: Maximum butterfly wing ratio limits the acceptable size of the pattern.
🔹Advanced Trailing: Features a trailing stop algorithm with defined Start and First trailing level for control.
What is the TradeButterfly EA trading strategy?
The core strategy is Harmonic Pattern Recognition, focusing on the Gartley Butterfly shape. The EA's algorithm analyzes price movements to find this specific pattern, which uses Fibonacci ratios for its construction, indicating a high-probability reversal point.
🔹Pattern Confirmation Entry: Initiates trading at the start of a move when the Gartley Butterfly shape is confirmed.
🔹Risk-Proportional Sizing: MaxRisk calculates the lot size based on a percentage of equity risk.
🔹Dynamic Profit Locking: First trailing level provides sophisticated, dynamic control over open positions.
🔹Execution Filtering: Max Spread and Slippage parameters help ensure clean order execution.
TradeButterfly EA MT4 Review
🧩 The TradeButterfly EA backtest trading results achieved impressive profit performance for 16 months on the USDCAD.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $10,569.18
✅ Win Rate (% of total): 92.82%
✅ Maximum Drawdown: 22.59%
🧩 The TradeButterfly EA backtest trading results achieved impressive profit performance for 16 months on the EURUSD.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $9,803.32
✅ Win Rate (% of total): 93.23%
✅ Maximum Drawdown: 28.90%
Why choose and use TradeButterfly EA?
🔹High Accuracy Signals: Uses the Gartley Butterfly pattern, known for high-accuracy reversal predictions.
🔹Robust Position Control: Algorithm of tracking each position with a trailing stop ensures effective management.
🔹Superior Execution Environment: VPS, low spread, and five-valued quotes are recommended for efficiency.
🔹Major Pair Focus: Recommended for EURUSD, GBPUSD, USDJPY and USDCAD on the M5 timeframe.
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
✅ Experts: TradeButterfly EA_fix.ex4
Conclusion
In short, TradeButterfly for MT4 combines advanced harmonic pattern recognition with Fibonacci precision to identify high-probability Gartley Butterfly reversals. Its dynamic trailing system, risk-based sizing, and execution filters ensure stable, disciplined performance. Proven by over 90% win rates in backtests, TradeButterfly EA empowers traders to capture market turning points with accuracy and confidence.
