Hey fellow traders! If you're looking to automate your trading and dive into the world of harmonic patterns, the Butterfly Strategy Expert Advisor (EA) might just be your new best friend. This EA is designed to harness the Butterfly harmonic trading pattern across multiple timeframes, ranging from M2 to D1. It smartly identifies both bullish and bearish Butterfly patterns using pivot points and executes trades with adjustable risk management settings and various take-profit levels.
Key Features:
- Pattern Detection: It identifies Butterfly patterns with adjustable pivot parameters and tolerance levels, ensuring you never miss a potential trade.
- Multi-Timeframe Support: You can trade across user-selected timeframes—whether you prefer M2, M5, M10, M15, M30, H1, H2, H4, or D1, it’s got you covered!
- Risk Management: Choose between fixed or dynamic lot sizing based on your account balance and desired risk percentage. Stay in control!
- Take-Profit Strategy: This EA smartly splits positions into three take-profit levels by default—50%, 30%, and 20%—to optimize your gains.
- Break-Even & Trailing Stops: You can configure these features per timeframe, and they activate after reaching TP1 or TP2, helping you secure profits.
- Session Filter: Set optional trading time restrictions based on your preferred trading sessions (e.g., GMT-based sessions).
- Pattern Quality: It ensures you're only trading high-quality patterns by requiring a minimum quality score between 0.0 and 1.0.
- Visual Aids: The EA draws pattern triangles, trend lines, and labels right on your chart for easy analysis.
- Statistics Dashboard: Keep tabs on your performance with a dashboard that displays trade stats, including win rates, profit/loss, and drawdown.
How to Use:
- Start by enabling your desired timeframes and setting up your pattern, risk, and session parameters.
- Make sure trading is allowed (AllowTrading = true) and set a unique MagicNumber to keep things organized.
- Monitor the dashboard to gain insights into your trading performance.
This Expert Advisor is perfect for traders who want to automate harmonic pattern trading while enjoying robust risk management and visual feedback. Give it a shot and trade smart!
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