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The New Beast!
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Author:  Ribelo [ Sun Nov 20, 2011 3:51 pm ]
Post subject:  The New Beast!
SERIOUS WARNING

* Most Forex traders lose all their money.
* Using the robot posted here in trading Forex does not guarantee success.
* Trading this robot could lead to serious financial loss.
* Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
* This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
* At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
* To trade this robot, you have to understand:
* How to use EA's.

Currently I do not use EA on live account.



List of changes compared to the Beast.

Stealth.
AutoCalcLot.
AutoCalcTradeClosureLine using RSI trend.
White Box Trade using RSI trend.
Volatility calculated using ChaserL Sixths.
ReEntryLine calculated using Sixths and RSI.
AutoCalcTradeClosureLine for box trade.
Removed TrendDetectionModule
Removed some things from TradaManagementModule
OnlyTradeCurrencyTwice, and Zeljko now are based on global variables.
Add Cbi Module.

auto.calc.rec.var - AutoCalculateRecoveryVariables:
If we start from BoxTrade Recovery = 1.1.2.4, else 1.2.6.
RecoveryBreakEvenProfitPips based on ATR.
RecoveryTrailingStopAt based on ATR.

_______________________________________________

Some time ago EA on live account did ~ 50% in two weeks. Soon after, with a sharp drop in EURUSD almost lost my entire profit. I was able to pay out 116% of initial capital.

EA should work for anyone who is not afraid of the current market situation.

Do not abandon this project. Perhaps I will return to it when I find a free moment, and the market will be more conducive to this way of playing.

Regards,
Ribelo.
Author:  DING [ Sun Nov 20, 2011 4:06 pm ]
Post subject:  Re: The New Beast!
Hi Ribelo,

I am appreciate your coding skill and sharing! :D
Will test it and thanks a lot!
Author:  currymonster [ Sun Nov 20, 2011 5:05 pm ]
Post subject:  Re: The New Beast!
Thanks Ribelo, I loved the original beast but it could bite, thanks so much for sharing your effort and dedication to getting this method improved,

Cal :)
Author:  musky [ Sun Nov 20, 2011 5:08 pm ]
Post subject:  Re: The New Beast!
Isnt the beast Jitterbug from FXAW or am I mistaken?
Author:  SteveHopwood [ Sun Nov 20, 2011 6:43 pm ]
Post subject:  Re: The New Beast!
musky wrote:Isnt the beast Jitterbug from FXAW or am I mistaken?
Mistaken. I would recognise my coding anywhere. :lol:

:D
Author:  SteveHopwood [ Sun Nov 20, 2011 6:45 pm ]
Post subject:  Re: The New Beast!
Ribelo wrote:I love the old beast. For over half a year I play it live.

From the beginning, I dreamed to enter the EA changes, new ideas based on personal experience.

List of changes compared to the Old Beast.

Stealth.
AutoCalcLot.
AutoCalcTradeClosureLine using RSI trend.
White Box Trade using RSI trend.
Volatility calculated using ChaserL Sixths.
ReEntryLine calculated using Sixths and RSI.

A lot of new bugs.
Breathtaking additions here Ribelo. I am thrilled to see such development of my original code. You must have worked very hard.

Thanks for sharing it here.

:D
Author:  OldTrader [ Sun Nov 20, 2011 7:09 pm ]
Post subject:  Re: The New Beast!
Nah, there is another ea that was a stolen JB from fxaw named 'The Beast'. Nothing similar to steve's.
Author:  Ribelo [ Sun Nov 20, 2011 7:34 pm ]
Post subject:  Re: The New Beast!
What is FXAW? What are you talking at all?

Its Steve's Code. It looks different?

The only changes that are in it, are my own, apart isNewBar() that comes from luktom.biz. Another look? To clear the code I used UniversalIndentGUI, K & R style.
Author:  SteveHopwood [ Sun Nov 20, 2011 10:36 pm ]
Post subject:  Re: The New Beast!
Ribelo wrote:What is FXAW? What are you talking at all?

Its Steve's Code. It looks different?

The only changes that are in it, are my own, apart isNewBar() that comes from luktom.biz. Another look? To clear the code I used UniversalIndentGUI, K & R style.
Don't worry. Pure mis-understanding on OldTrader's part.

FXAW is a private forum that some of us here belong to.A bit like here, but less public and with more brains in the engine room.

:D
Author:  OldTrader [ Mon Nov 21, 2011 5:10 am ]
Post subject:  Re: The New Beast!
musky wrote:Isnt the beast Jitterbug from FXAW or am I mistaken?
No, I was just answering this poster's question. Nothing to do with the ea posted here.
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