Butterfly Harmonic Pattern with Fibo Ratios MT5

Key features of the Expert Advisor:
-Automatic Butterfly pattern recognition: The Expert Advisor uses algorithms to find the Butterfly pattern on the chart, based on key Fibonacci levels. The pattern consists of five points (X, A, B, C, D) and four movements (XA, AB, BC, CD), where point D is a potential reversal zone (PRZ — Potential Reversal Zone).
– Exact Fibonacci proportions: To confirm the pattern, the advisor applies strict ratios:
– Point B should be at the 0.786 retracement level from XA.
– Point C — at the 0.382–0.886 retracement level from AB.
– Point D — at the 1.27–1.618 extension level from XA and 1.618–2.618 extension level from BC.
– Support for bullish and bearish patterns: The advisor identifies both bullish (Bullish Butterfly) and bearish (Bearish Butterfly) patterns, allowing you to trade on both up and down reversals.
– Timeframe flexibility: The tool works effectively on any timeframe, but for greater reliability it is recommended to use it on H1, H4 or D1, where harmonic patterns show higher accuracy.
– Customizable parameters: Traders can adjust Fibonacci levels, acceptable deviations (slack) for ratios, as well as filters to exclude false signals (for example, “too early” or “too late” patterns).
– Notifications and visualization: The EA displays patterns on the chart, highlighting key points and reversal zones. Sound, visual and push notifications are also supported so that the trader does not miss a signal.
 Advantages:
– High accuracy: The Butterfly pattern is considered one of the most reliable harmonic patterns with a success rate of over 70%, especially when strictly following the Fibonacci proportions.
– Automation: The EA eliminates the need for the trader to manually search for patterns, which saves time and reduces the likelihood of errors.
– Universality: Suitable for any assets available in MT5, including currency pairs, indices, commodities and cryptocurrencies.
– Additional filters: The ability to filter patterns by time zones (for example, to exclude “too early” or “too late” formations) improves the quality of signals.

DOWNLOAD FREE NOW Mega Drive