The New Beast!

[alex_forex]

Hi all

Demo EA updated to 23.11.11 version.

Results from start to now :
11.22.2011 23:30 11.24.2011 10:10 EURAUD Sell 0.01 - - 1.37303 1.37302 0.1 pips 0.44$

11.23.2011 23:03 11.24.2011 06:26 GBPJPY Buy 0.01 - - 119.90700 119.98100 7.4 pips 0.96$

11.23.2011 02:57 11.23.2011 16:00 USDJPY Buy 0.01 - - 77.01800 77.31700 29.9 pips 3.87$

Regards
Alex

[qooyend]

Ribello,

it is a pleasure to read Your code - elegant, clean, tidy and expressive! Keep up top quality work On this winner or elsewhere.

Best regards,
qooyend

[fluegel]

Hi Ribello and all,

I'm a big fan of Beast and have used it on my live account. I really appreciate the effort Ribello has made to improve it further!

I've loaded your Simple Beast on my demo to see its behavior, and I have a few questions:

1. Did you change the entry conditions for counter trend trade? I saw that it placed a position as soon as the price touched the dashed magenta line (not the solid one).

2. What input should I choose to disable the MoneyPerMicroLot feature? I want to use a fixed lot. Should I simply enter a desirable number in Lot and ignore MoneyPerMicroLot?

fluegel

[Ribelo]

Did you change the entry conditions for counter trend trade? I saw that it placed a position as soon as the price touched the dashed magenta line (not the solid one).

When the price comes between magenta lines, and then come back, the trade is taken. It is interesting that such a method is more effective on backtest.

What input should I choose to disable the MoneyPerMicroLot feature? I want to use a fixed lot. Should I simply enter a desirable number in Lot and ignore MoneyPerMicroLot?

MoneyPerMicroLot is used only when the lot is not 0.

Thanks qooyend. By such words working on SimpleBeast is a real pleasure.

Ribelo.

[fluegel]

Thanks for the clarification!

fluegel

[Ribelo]

Update in first post.

[peje]

Nice piece of work Ribelo, I like your Beast and auto calc. functions but I quite miss option to manually adjust Re Entry Line (MinPipsFromLastEntry) just in case of change of market behaviour. Anyway I run it on my demo account.

[Wapen]

Hi Ribelo,

Is this "The New Beast" bast on "The Beast" or "The Old Beast" code.

Regards
WAPEN

[Ribelo]

"The New Beast" bast on "The Beast". Sorry for insufficient clarification.

I go EA live, more information in first post.

[fluegel]

Thanks Ribelo! I also started trading live with this EA. So far, I found this EA much safer than the original Beast. I especially love the improvement in the whitebox trade. Anyway I'll keep you informed of any bugs I find.

The pairs I'm using are: EUR/USD, GBP/USD, AUD/USD, EUR/AUD, GBP/AUD, USD/CAD, EUR/CAD, GBP/CAD, AUD/CAD and EUR/GBP.

*Addition*

Ribelo, I found that you've updated the EA in the 1st post today. What are the changes you made from the November 28 version? Should I replace the EA with the December 1 version?