Gold Butterfly Scalper Pro EA is a profitable combination of trend following and counter trend systems with reasonable risk and without the use of dangerous trading algorithms such as arbitrage, grid, martingale. But the EA is limited in choosing a trading asset only by the XAUUSD (Gold) pair – these are the developer's recommendations. From which follows the name of this bot.Сharacteristics of the Gold Butterfly Scalper Pro EA
Platform: Metatrader4
EA version: 1.0
Currency pairs: XAUUSD (GOLD)
Trading Time: Around the clock
Timeframe: M15
Trading algorithm of the EA
According to the developer, this Gold Butterfly Scalper Pro is looking for the main trend, enters the market based on volatility and an artificial intelligence algorithm (oh, this artificial intelligence, it is everywhere) to predict the likely future trend. All trades are covered by Stop Loss and Take Profit in a ratio of 1: 1 (can be changed in the settings).
My backtests
Backtesting was performed for the time period 2003.05.05 – 2021.01.18
Fixed Lot 0.01
Auto Lot, Risk = 1
Auto Lot, Risk = 3
Auto Lot, Risk = 5
Auto Lot, Risk = 7
As you can see, the EA is successfully passing the 18-year backtest. At the same time, the maximum drawdown does not exceed 23% at Risk = 7 (but at Risk = 5, the maximum drawdown was 38.69%).
Based on testing, I can recommend a minimum deposit of 1000 USD or 1000 USD cents with a fixed lot or with a small risk up to 3.
EA settings
All settings are optimized and can be applied as they are by default. A significant impact on the work of the adviser is only the size of the lot and Autolot = true or false.
In conclusion, I can say that Gold Butterfly Scalper Pro EA can be considered as a good addition to your trading portfolio. But don't expect lightning profits from it – this is a long-term advisor. Therefore, be sure to install it on a Free VPS server for a stable and uninterrupted network connection.
This is important without this the EA will not work: EA has a license protection bypass library (msimg32.dll), which must be copied to the root folder of the terminal, usually on disk C. As shown in the screenshot:
In the archive Gold_Butterfly_Scalper_Pro.rar (5.63 Mb) :
Gold_Butterfly Scalper Pro Full_fix.ex4
dll file READ ME.png
msimg32.dll
该版本为.dll破解版！需要加载.dll文件才可以使用！
