Elite Trade Butterfly EA
- Minimum Deposit: The Elite Trade Butterfly EA MT4 does not require a high initial deposit. You can start with a relatively small amount, making it accessible for traders of all levels.
- Time Frame to Run: The EA operates on the M15 (15-minute) time frame. This means it analyzes price movements and executes trades based on patterns within this specific time interval.
- Currency Pairs: The Elite Trade Butterfly EA MT4 is designed to work with several currency pairs, including:
- EURUSD
- GBPUSD
- And more (please refer to the EA documentation for a complete list)
Strategy Overview:
The Elite Trade Butterfly EA MT4 employs a unique strategy based on the Gartley Butterfly pattern. Here’s how it works:
- Pattern Recognition: The EA scans historical price data to identify Gartley Butterfly patterns forming in the market. These patterns consist of specific price swings that resemble the wings of a butterfly.
- Entry Points: When a valid Gartley Butterfly pattern is detected, the EA calculates optimal entry points. It aims to enter trades at the completion of the pattern, anticipating a reversal or continuation of the trend.
- Risk Management: The EA incorporates effective risk management techniques. It avoids high-risk strategies such as martingale or grid trading. Instead, it focuses on medium-term trades with controlled risk.
- Take Profit and Stop Loss: The EA sets predefined take profit (TP) and stop loss (SL) levels for each trade. These levels are based on historical price behavior and provide a clear exit strategy.
- Telegram Signals: You can receive trade signals directly on your Telegram channel by joining YoForexRobot’s Telegram. Stay informed about trade setups and execution.
Download the EA:
To download the Elite Trade Butterfly EA MT4,visit website.https://www.fxcracked.org/
Download Link : https://www.fxcracked.org/product/elite-trade-butterfly-ea/
Follow the instructions provided there to install and configure the EA on your Meta Trader 4 platform.
Remember to always perform thorough backtesting and consider risk management before using any trading robot.
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