The Butterfly Forex MT4 robot is an expert advisor that considers the open price of the last 4 bars and its maximum value to surge simultaneously in a bid to initiate a long/short position.
A lot of the Forex robots currently available on the market are harmful as a result of their hedging, martingale or grid strategies.
The Butterfly expert advisor for Metatrader 4 is a different system that cuts off losing trades.
Applying the Butterfly Forex MT4 expert advisor on your chart will signpost the start of profit raking, hence increasing your money-making opportunities in the market.
The EA made $5543.67 profit on the EUR/JPY 1-hour chart from an initial deposit of $10000.
Feel free to test the robot on any currency pair of your preference.
Default EA settings:
Trailing Stop: 30, stop loss: 0, lots: 0.1, magic number: 777, pollots: true: max orders: 1
The default EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the expert advisor for MT4 on a demo account first before running it on a live Forex account.
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Strategy Tester Performance Report
Find below the strategy tester performance report for the Butterfly expert advisor attached to the EUR/JPY 1-hour trading chart.
Strategy Tester Performance Highlights
The MT4 expert advisor made a total profit of $5543.67 ($10000 initial deposit) from 148 trades during the initial testing period.
The largest winning trade generated $268.34 in profit, while the largest losing trade lost -$116.03.
See the test results report above for all details.
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Trailing Stop, stop loss, lots, magic number, pollots, max orders
More Info About This Expert Advisor
Recommended Currency pairs: EUR/JPY, Majors, Minors & Exotic Pairs
Trading Platform: MT4
Time frames: M5-D1
Expert Advisor Type: Trend
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.