Gold Butterfly Scalper Pro - mix of trend following and counter trend system
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. That said, the EA is limited to the XAUUSD (Gold) pair per the developer's own recommendations — which is where the "Gold" in the name comes from.
Before you get too excited about the "17 years of profitable stress tests" claim: this EA is sold by the same developer (Marco Solito) behind Reindeer Scalper Pro — a product independently proven in 2021 to hardcode specific historical loss-dates out of its own backtests. The method used to prove it was clever: testers fed the EA EURUSD data disguised as a different pair, and the previously "blocked" losing dates suddenly reappeared, because the date-blocking was tied to the pair label, not the actual bad periods. Both products share identical marketing language ("stress tested for 17 years, passes every year"), which is a strong signal they're built on the same template — and the same trick.
This doesn't necessarily mean this specific EA is faked the same way, but given the shared developer and identical marketing claims, I'd treat the backtest results here with real skepticism. If you use this EA, test it on a demo account against live conditions rather than trusting the historical numbers, and watch for suspiciously smooth equity curves with no visible drawdown during known volatile periods (2020 crash, 2022 gilt crisis, etc.).
Want to check for yourself? The method that exposed Reindeer Scalper Pro's manipulated backtests is simple enough to try at home: run the strategy tester on a different pair's historical data, but rename the data file to XAUUSD before loading it (or use MT4's symbol properties to temporarily relabel a test symbol). If the EA's results look meaningfully different — especially if previously "smooth" periods suddenly show losses — that's a strong signal the backtest is filtering by pair label rather than reflecting genuine strategy performance.
Characteristics of the Gold Butterfly Scalper Pro EA
- Platform: Metatrader4
- EA version: 1.0
- Currency pairs: XAUUSD (GOLD)
- Trading Time: Around the clock
- Timeframe: M15
- Recommended broker: Roboforex | XM | Tickmill
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).
Testing
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
Please note that backtests are performed with a modeling quality of 99.0% thanks to a wonderful software called Tick Data Suite. Today this is the only possible and fastest way to achieve 99% quality of modeling in MT4.
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As you can see, the EA successfully passes 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 (best conditions here ➔ ProCent) 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.
- Lot: lot amount with autolot disabled
- Autolot: Enable autolot or disable it
- Risk: risk for autolot calculation
- Magic Number: id for identify Ea orders
- Spread Allowed: spread limit, over no trade will be open
- Enable ma: enable the ma trend filter
- ma timeframe: timeframe for ma indicator
- ma periods: periods for ma indicator
- ma price: price for ma indicator
- Trading days: if enabled, allows trading on that specific day
- Take Profit: take profit for orders
- Stop Loss: stop loss for orders
- Trade Comment: comment for a trade
- Enable Buy: Enable Buy Trade
- Enable Sell: Enable Sell Trade
- Enable Fixed Trading Hour: if true, change from recommended trading hours to your trading hours
- Fixed Start Hour: hour for start trading
- Fixed Start Minute: minute for start
- Fixed Stop Hour: hour for stop trading
- Fixed Stop Minute: minute for stop
- Enable Bars to Close: Close trades after a fixed number of bars
- Bars to Close: number of bars for close a trade
- Recovery mode: enables a loss-recovery mode that increases lot size after losing trades to recoup them faster. Note: despite the EA's "no martingale" claim in the intro, this is functionally a martingale-style mechanism — leave it disabled unless you understand and accept the added risk.
- Recovery Factor: lot*this amount for recovery (high risk involves for recovery mode)
- Enable Trailing Stop: Enable Trailing Stop
- Start only in Profit: Start only if Stop loss is in Profit
- Trailing Stop in Point: Trailing Stop in Point
- Trailing Step in Point: Trailing Step in Point
- Change Chart Color: Change Chart Color in Scalper Pro Colors
- Show Panel: Show trading panel of the EA
- Show Error: Show error messages if something is wrong
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.
In the archive Gold_Butterfly_Scalper_Pro.rar (97 Kb):
- Gold_Butterfly Scalper Pro Full_fix.ex4
Free Download Gold Butterfly Scalper Pro EA
