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.

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.