Welcome to the page that will help you set up your Beast Expert Advisor to work.
Before purchasing:
1. Not all brokers allow scalping on accounts. To check if your broker allows scalping, check the stop levels for each pair from the list: USD CAD, USD CHF, GBP USD, EUR USD, EUR CHF, EUR GBP, EUR CAD, EUR AUD. It should be 0 as shown. If it is greater than 0, you should look for another broker.
2. Check the terminal Ping when connecting to the broker. The Expert Advisor uses a night scalping strategy. EAs use limit orders to enter trades, but liquidity for most currency pairs is still lower at night than during the day, so to execute trades quickly and reduce slippage, use Ping. It is important to keep it as small as possible.
3. important: Never use an Expert Advisor on your computer, always use a VPS. When you’re working on your computer, you can open and close windows and change time frames. All this negatively affects the work of the advisor. The Expert Advisor has a built-in automatic calibration mode. That is, after launching the Expert Advisor on the chart, it should be left alone and should not be touched. Any action on your computer puts additional pressure on your RAM, which can freeze your device and slow down the Advisor’s analysis of your work.
After purchase:
Open MetaTrader. Go to MetaTrader settings and specify the address https://steelbeast.link as shown in the image.
This action allows the EA to automatically detect GMT and protect against hacking. If you do not add the site in MetaTrader settings, the Expert Advisor will not work.
After your purchase, write me a personal message and send me a screenshot showing the transaction number of your purchase. You will need to copy this code and paste it into your Advisor settings window.
Attach the EA to the EURUSD M5 chart and write down all the pairs you use. Tools should be prescribed exactly as indicated in the market overview.
Turn on auto trading.
If you did everything right, the Expert Advisor will start and you will see a smiling smiley face in the upper right corner.
The Expert Advisor panel contains useful information.
The EA will automatically detect the GMT and adjust the EA to the appropriate summer/winter time. You can also see the list of pairs used.
Some tips from my experience:
- Use small, comfortable risks. 0.02 lots for every $100 is enough to make a profit and you don’t have to worry about every trade.
- Stay calm about your losses. This is part of working in the Forex market and cannot be avoided.
- It’s important to understand. Advisors are programs that automatically give you the opportunity to earn. In other words, don’t work your hands. In other words, don’t interfere with your advisor’s work. Don’t close deals for him. Do not change Take Profit or Stop Loss.
- Use a reputable broker who has the right attitude towards trading and clients. If you don’t know which broker to choose, please contact me. I will advise some options.
Answers to possible questions:
question: Do you have a set file?
answer: There is no config file and there is none. All parameters of pairs are embedded in the Expert Advisor code and automatically applied to pairs.
question: Why is my trading on my real account different from my test results?
answer: There are several possible reasons. Beast is a scalping system. Advisor’s highly accurate work. A slight change in the Expert Advisor’s environment can lead to differences between testing and real trading. Each trade is always executed with a slippage, and the higher the slippage, the greater the difference between trades. The same difference can occur if you test with quotes from one broker and use his Expert Advisor with quotes from another broker. Another reason for the difference in results is the version of the Expert Advisor. My latest version of the EA has received many updates and has been in use on my Signals account since February 27, 2023. Up until this point, Advisor worked a little weaker, but still showed good results.
question: Which lot should I use?
answer: This question is individual. You can’t decide how best to trade. Because you never know how nervous you are when you draw down. The best option is to test with different lots, pay attention to drawdowns and choose a risk that is comfortable for you. For me it’s 0.02 per $100.
question: Why is the stop loss so large? Is it possible to reduce it?
answer: The price moves actively during the rollover. With a small stop loss, you can make a lot of negative trades and lose money. A stop loss of 1000 points is usually the best option for such advisors.
question: My trading profits are too low and the fees are ruining my profits.
answer: The Expert Advisor works in two modes. Initially, it is set to earn. Certain signals in my indicator allow the advisor to receive information that the trade is doomed to loss. Then the Expert Advisor switches to the “Deposit saving” mode and the trailing take profit starts. This is a great way to minimize losses. In some cases, with trailing enabled, an advisor’s earnings may be less than the commission, which is normal. This means the transaction was doomed and the ADVISER used deposit saving mode. We also encourage you to take advantage of our various rebate services that either reduce or reduce your commission.
question: Can an Expert Advisor be used together with other Expert Advisors in the same Meta Trader terminal?
answer: Some Expert Advisors are not compatible on the same terminal and may interfere with each other. It is recommended to use one Expert Advisor in one terminal. If you want to develop your account with several Expert Advisors, activate your account on different devices.
If you have any questions, please feel free to contact us. I will be happy to help you.