The Beast EA is a trading system designed to utilize advanced technology and a complex algorithm to predict price movements before they happen. The Beast EA also includes a built-in “Trade Against The Crowd” strategy, which sets it apart from other trading signal systems.
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But what is The Beast EA, and is it the right system for you? In this review, we will take a comprehensive look at The Beast EA and examine its strengths and weaknesses. By the end of this review, you will have all the information you need to make an informed decision about whether The Beast EA is right for you. So, let’s dive in and see what this trading system is all about.
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The Beast EA Strategy
The Beast EA is a trading system that uses advanced technology and a complex algorithm to predict price movements. It draws a breakout box during the New York trading session and uses unique advanced logic and special smart calculations of the previous highs and lows to trade the breakout.
The system includes a built-in “Trade Against The Crowd” strategy, which is designed to do the opposite of what the majority of traders are doing. It analyzes market sentiment to determine whether most traders are buying or selling a currency pair and entering trades in the opposite direction. The EA has three take-profit levels that use advanced Fibonacci-based calculations. It’s optimized for use in the 15-minute timeframe and the US30 market. The system does not use any dangerous trading methods like grid, martingale, averaging, or hedging. It’s not sensitive to broker spread, slippage, or prefix/suffix. However, you can save on trading costs and get better trading conditions with a top forex broker such as IC Markets.
However, The Beast EA is a specialized system that is designed to work on a specific market and timeframe. While it may work well for trading the US30 during the New York session, it may not be as effective in other markets or during different sessions. The built-in “Trade Against The Crowd” strategy can be risky if the market ultimately moves in the direction of the majority of traders. Furthermore, the reliance on advanced Fibonacci-based calculations may not be suitable for all traders. Proper backtesting in mt4 and risk management techniques are essential before implementing the system in a live trading environment to minimize potential losses.
The Beast EA Features
- Utilizes advanced technology and a complex algorithm to predict price movements
- Includes a built-in “Trade Against The Crowd” strategy
- Does not use dangerous trading methods like grid, martingale, averaging, or hedging
- Draws a breakout box during the New York trading session
- Uses unique advanced logic and special smart calculations of the previous highs and lows to trade the breakout
- Has three take profit levels that use advanced Fibonacci-based calculations
- Optimized for use on 15-minute timeframes
- Recommended to be used with IC Market
- Not sensitive to broker spread, slippage, and prefix/suffix.
The Beast EA Settings
- Signals Alert – Alert notifications for trading signals
- Initial Volume % – Percentage of account balance to allocate for initial trade volume
- Volume Limit Loss – Maximum percentage of account balance to lose before trading stops
- Stop Loss (0 to place automatically) – Manual or automatic placement of stop loss
- Partial Close (PC) – Ability to partially close a trade
- PC Distance % – Percentage of distance from trade entry to partial close level
- PC Size – Size of partial close order
- News Trading Duration (Min.) – Duration of news trading in minutes
- Trade Frequency – Set the frequency of trades (e.g. high, medium, low)
- Trade Size Multiplier – Set a multiplier to adjust the trade size (e.g. 0.5x, 1x, 2x)
- Risk Management – Set the risk management parameters for the EA (e.g. max drawdown, risk per trade, risk-reward ratio)
- Timeframe – Set the timeframe for the EA to operate on (e.g. 5-minute, 15-minute, 1-hour)
- Currency Pair – Set the currency pair for the EA to trade on.
- Magic Number – Unique identifier for EA trades
The Beast EA Summary
The Beast EA is a forex trading system that uses advanced technology and algorithms to predict price movements. It features a “Trade Against the Crowd” strategy and doesn’t use any dangerous trading methods. The EA is optimized for use in a 15-minute timeframe and is recommended to be used with IC Markets. It’s important to note that the reliance on advanced Fibonacci-based calculations may not be suitable for all traders, and proper risk management techniques should always be used.
Overall, The Beast EA may be suitable for traders who are experienced in technical analysis and are looking for a specialized system to trade the US30 during the New York session. It’s important to thoroughly backtest and demo trade any trading system and always use proper risk management techniques before implementing it in a live trading environment.
I’m a self-confessed Forex geek who spends countless hours researching, testing, and reviewing everything related to trading. With many years of experience in the Forex industry—and thousands of robots, brokers, strategies, and courses put to the test—I’ve seen what works and what doesn’t. My goal is simple: to share that knowledge with you for free, so you can navigate the exciting (and sometimes crazy) world of Forex trading with more confidence.
