How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019



How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019

Setting up an Expert Advisor like The Beautiful Beast Lite is simple. Please make sure you are using a recommended broker
and VPS (

more information)

Follow these 4 simple steps:

  1. Buy and download
  2. Setup TBB in Metatrader 4
  3. Open recommended pairs
  4. Configuration of INPUTS parameters


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019

    1. Buy and Download:

    Buy The Beautiful Beast  here or
    in your MetaTrader 4 Market.

    In case of questions on how to buy and download an expert advisor, please consult  MQL5s
    help pages


    How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019

      2. Setup TBB in Metatrader


a) Drag TBB onto recommended pair and timeframe (see 3. Open recommended pairs)
b) Activate “Allow live
trading”


c) Setup INPUT parameters (see 4. Configuration of INPUTS parameters)
d) When finished will all pairs and
timeframes, activate “AutoTrading”


e) Finished! Now enjoy watching your 90% precision machine at work…


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019

3.  Open recommended pairs


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019

Tipp: Download portfolio as Excel file here and
automatically calculate your individual stop loss!


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019

4. Configuration of INPUTS parameters


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019


TimeRangefrom  & TimeRangeTo:

Trades are placed between these times. By default the hours around midnight are excluded to avoid some swap effects. If you prefer to trade around
the clock simply set to 00:00 to 23:59


Close all at hour:

Has to be greater then 0 to be active.  All trades are closed at the specified hour


MaximumBasketSize: 
How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019

A basket is a number of trades of the same pair opened simultaneously. This can happen when the price is moving in the wrong direction, so TBB
opens one or more positions to mitigate the risk. Standard value is “99” meaning TBB is NOT limited in opening more positions. The average
opened position is 2-3. If you would like to limit this to e.g. a maximum of 2 open positions of the same pair, use value “2”. 


Magic number:

  • Please use a different magic number on each chart
  • Also please make sure the magic number does not conflict with the number of existing EAs running on the same account.


Fixed Lot and Balance per Lot (IMPORTANT!):

Trading variable lot size depending on your equity:

  • Activate by setting “Fixed lot” to “0”
  • Set your individual risk setting “balance per lot”:


    • Low Risk: 100.000 
    • Medium Risk: 50.000 (standard setting and recommended)
    • High Risk: 25.000 (not recommended)


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019 Example: 100.000 balance per lot trades 0.01 lot
per 1000$


Basket_Stop_Loss_Perc:

Can range from 0 to 1

Example:

  • 0.5 = 50%
  • 0.1 = 10%
  • 0.05 = 5%

So if EURUSD has an open loss of $100 and the account balance is $1000 that would be a 0.1 drawdown;

If you have a basket stop-loss of 0.1 this would trigger the Basket_Stop_Loss_Perc function and all trades for EURUSD would be closed.


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019 Take Profit is dynamic ranging from 3 to 25
pips.


Lot Multiplier:

This adds a martingale component to your
trade baskets (multiple trades of the same pair). Default value is “1”, meaning it is disabled. Enabling is NOT recommended and for
experts ONLY!

Example for value = “2”
Trade 1: 1
Trade
2: 2

Trade 3: 4
Trade
4: 8

etc.


Maximum Spread:

Ideally maximum spread is below 2 pips / 20 points!

Please consult your brokers homepage and multiply value in points by 1.5. Our recommended broker is ICMarkets,
use the number in column “EA value in points”:


How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019



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How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019
How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019
How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019
How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019
How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019

How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019

How To Configure The Beautiful Beast Lite - Analytics & Forecasts - 4 October 2019