26# The Butterfly Forex System

Submit by Maximo Trader 2024

Overview: The Butterfly Forex System is a trend-following strategy filtered by a Supply and Demand indicator. This system works on any currency pair, and the recommended time frame is 15 minutes or higher.

Setup:

Time Frame: 15 minutes or higher.
Currency Pairs: Any.
Platform: Metatrader 4 (MT4).
Indicators:
- SR Entry Zone (Supply and Demand levels),
- Butterfly Trend,
- Butterfly Signal.

Trading Rules:

1. Buy Signal

Follow these steps to open a buy trade:

Wait for the price to bounce off a support zone (as indicated by the SR Entry Zone indicator).
Open a new BUY trade when both the Butterfly Forex triangle and square signals turn GREEN.
Place your stop loss below the most recent swing low price.
Take profit either when an opposite (sell) signal appears on the chart or at a fixed profit target.

2. Sell Signal

Follow these steps to open a sell trade:

Wait for the price to bounce off a resistance zone (as indicated by the SR Entry Zone indicator).
Open a new SELL trade when both the Butterfly Forex triangle and square signals turn RED.
Place your stop loss above the most recent swing high price.
Take profit either when an opposite (buy) signal appears on the chart or at a fixed profit target.

This strategy ensures you are trading in the direction of the trend while using support and resistance zones to filter entries, providing a structured approach to trading in any market condition.