Beast Super Signal

Why you have just two reviews on Beast Super Signal mt5 version? Why just two reviews? Does it really work as you claimed it to be?

 

Hello Olakojo, MT5 is a lot less popular than MT4 so the MT5 version has less reviews, however both MT4 and MT5 versions are exactly the same.

 

It definitely has potential. But the biggest issue with it is that they tie it to a single account, and it has to be a live account, not a demo one. So of course, like with all indicators/signals. you will want to test it on different currecny pairs and timeframes and get a feel for which signals to take and which ones not to take.

No matter how good a signal is, we are all different and we need to practice with it before using it on a real money account. But they force you to use it on only a live account - so you can lose a lot of money while you try to work out the best way to use it.

I have no idea why they do this - it makes no sense, and they must be limiting their potential customers as it is normal to want to refine your trading technique on demo before risking your money. Probably it is because they tie it to a single account, and people trash demo accounts all the time and create new ones, and they don't want to have to keep issuing new licences for different demo account numbers. But there are so many easy ways around that if they really wanted to do it.

In over 15 years of trading I have never seen any indicator/signals vendor be so restrictive.

 

Hello PJR95, you brought up a good subject and I hope to explain it well for you.

Yes we provide one real account license key for the indicator. You see as the indicator is used for manual trading and there is no automated trading involved a client can use the indicator safely on the real account and if they want to test the signals first, when they receive new signals they can trade them on their demo account not on their live account.

We have these things in place to protect against potential fraud on our software as we have encountered this happening before and these measure are to protect us. We will review these policies in future if we make some updates.

 

Thanks for the reply, but it still does not make sense really. If people can make fraud by using it on a demo account, why can't they do the same thing on a real account?

What fraud can they do? Sell your signals? - they can do that from a real account. Share the code with others? - you can easily lock it down so the licence server will only allow it to run on one demo account at any time? I'm not sure what fraud is possible.

It is very inconvenient to have the signal on a real account and then trade it on a demo account. Especially if you want to use the TP and SL levels, as the lines will not be on the chart you are trading on. Also if you do not trade full time and you want to test while you are at work, for example, then on a mobile device it is really impossible to get a signal on one chart and then trade it on another.

I also do not understand why you do not want people to write their own EAs using your indicator. OK, I know you have your own EA and you want to sell it - but if people want to write their own, then why not? People have written EAs for many systems that already have their own EAs. They still have to buy the indicator if they want to write their own EA, so why would you have a problem with that.

No other indicator/system vendor I know of feels the need to have these restrictions. You can do whatever you want, of course, but I think people just need to be clear about the restrictions before they buy the product - you do not make it clear on your product sales pages that there are these restrictions in place.

 

So, first full day of trading with the Beast Super Signal, trading every signal across 21 charts - silver, gold, UK100, XRPUSD, LTCUSD and 16 currency pairs. Result was all wins, no losses and a profit of £47 on 0.01 lot size - which is an excellent result.

That's a really good start. Let's see how it goes the rest of the week.

 

This is my review for this thread:
there are few good contributors

 

Thanks so much.

 

You're absolutely right, it makes no sense. If one bought this thing, she/he should get a license for at east 1 real account AND 1 demo-account.

MANY THANKS FOR THIS INFORMATION!
I already considered buying this thing and programming a matrix/dashboard, which provides signals of this and another indicator combined.
But that's like buying a car where you can't turn right or left

 

So it really went downhill after this. In fact I stopped trading it after 5 days. In that time, and using the TP levels that the indicator provides, it lost £230 on 0.01 lots - that is equivalent to £23,000 on 1 lot!!!!!

The original version - version 1.0 - which they allow you to use for free on EURUSD only, gives much better signals than the latest version. Using that on EURUSD only can be made profitable, even though it does not have the recommended TP levels built in.

If they made the EURUSD demo version available for all currency pairs, I would try it again. But the current live version is truly bad.

How about it TrendTrader - can I get a full working copy of version 1.0?

 

Can you please email it to [email protected]

 

Hello PJR95, its unfortunate to hear about your losses, we assume you are using V1.00 not the latest version V3.5 correct? As previously mentioned in this thread it is repainting and you should stop using it to prevent further losses.

We also need to clear up a few confusions you having. The original first version V1.00 is repainting so on the charts it will look perfect, this topic has been explained previously.

The free version which is available is not V1.00, it is the exact same version as our latest V3.5 except it is limited to trade only on EURUSD giving people an opportunity to test it first.

 

Could you please send me your free version to try out. I cannot find it on your website. Thanks. [email protected]

 

Hello Frodo77, the free version that works on EURUSD only can be found on mql5.com under free indicators.

 

Hi Guys I have the latest version of this signal indicator. My results for first few days 8 Won 19Lost. This indicator does not re paint.

 

[QUOTE = "Chris Hall, post: 357570, miembro: 76011"] Hola chicos, tengo la última versión de este indicador de señal. Mis resultados para los primeros días 8 Ganó 19 Perdió. Este indicador no vuelve a pintar. [/ QUOTE]
?? iS nice o no?

 

8 wins, 19 losses? so overall?

 

t

thanks for sharing

 

Hi Guys
Since my last post for The Beast signal indicator won 13 Lost 23.

 

Does anyone has the Beast version 1.0 MQL4 file?