Beast Scalper EA vs setfiles (Original version)

What is Beast Scalper EA MT5?

Beast Scalper EA is an advanced and flexible Expert Advisor (EA) designed to optimize scalping performance across various markets.
Beast Scalper combines dynamic risk management mechanisms with intelligent filtering, applying suitable Risk/Reward ratios for Forex trades and adaptive TP/SL settings.

Version: New Version
The Right Platform: Meta Trader 5 (MT5)
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Key Features

🔹 High-Performance Scalping: Optimized for fast and precise scalping across multiple instruments.
🔹 Smart Risk Control: Trades with 1% risk per order (customizable) for safe, consistent growth.
🔹 Profit Protection: Built-in Stop Loss and breakeven to secure gains automatically.
🔹 News Filter Ready: Avoids high-impact events to reduce unnecessary risk.
🔹 Optional Market Filters: Includes RSI and Moving Average filters for smarter entries.
🔹 Flexible Timeframe: Works seamlessly on any current chart timeframe in MetaTrader 5.

Beast Scalper EA MT5 Review

Beast Scalper  EA trading XAUUSD on M15 timeframe from 15/01/2024 to 31/10/2024 with 1:100 leverage.

✅ Initial Deposit: $500
✅ Total Net Profit: $8,818.80
✅ Maximum Drawdown: 9.92%
✅ Win Rate: 92.61%

Beast Scalper EA backtest results with a starting capital of $1000, trading on XAUUSD pair from 2024.01.15 to 2024.10.31

✅ Initial Deposit: $1,000
✅ Total Net Profit: $18,371.86
✅ Maximum Drawdown: 8.02%
✅ Win Rate: 92.64%

Beast Scalper  EA trading XAUUSD pair from 2024.01.15 to 2024.11.30 achieved impressive performance parameters.

✅ Initial Deposit: $5,000
✅ Total Net Profit: $160,544.39
✅ Maximum Drawdown: 7.85%
✅ Win Rate: 92.72%

Beast Scalper EA backtest results XAUUSD pair from 2024.01.15 to 2024.10.31 achieved impressive performance parameters.

✅ Initial Deposit: $2,000
✅ Total Net Profit: $29,597.21
✅ Maximum Drawdown: 7.76%
✅ Win Rate: 92.64%

The EA Setting

1. Install the EA on MT4/MT5

1. Copy the EA file (.ex4 or .ex5) to:
   MQL4 → Experts (or MQL5 → Experts for MT5).

2. Restart the platform or Refresh in the Navigator panel.

3. Drag Beast Scalper EA_fix 1.00 onto your desired chart.

4. In the Common tab:

   • Enable Allow live trading

   • Enable Allow DLL imports

   • Enable Allow import of external experts if required.

2. Configure Inputs (Screenshot Explanation)

Trading Profiles

• Trading System applied (Forex or Crypto): Choose the market type, e.g., Forex.

Common Trading Inputs

• ½ risk as % of trading capital: Set risk percentage per trade (default 1.0%).

• Timeframe: current (EA will use the chart’s timeframe).

• EA identification no: Unique ID for the EA instance (e.g., 298347).

• tradcomment: Comment attached to orders (default: scalping robot).

• Start Hour / End Hour: Trading hours; inactive means 24/7 operation.

• Chart color when EA is Inactive: Visual cue, default Pink.

• Chart color when EA is active: Visual cue, default Black.

• Hide Indicators on chart: true to hide visual indicators.

Forex Trading Inputs

• Take profit (10 points = 1 pip): Default 200 (20 pips).

• Stop loss points (10 points = 1 pip): Default 200 (20 pips).

• Points in profit before trailing SL activates: 15 (1.5 pips).

• Trailing stop loss (10 points = 1 pip): 10 (1 pip).

Crypto Related Inputs

• ½ TP as % of Price: Default 0.4 (40% of price move).

• ½ SL as % of Price: Default 0.4.

• ½ Trail SL as % of TP: Default 5.0.

• Trigger of Trail SL % of TP: Default 7.0.

Gold Related Inputs

• Similar to crypto inputs, with lower values (e.g., TP 0.2, SL 0.2).

3. Operation Recommendations

• Attach EA to the recommended currency pair or asset (Forex, Crypto, or Gold).

• Check broker spread; scalping EAs perform best on low-spread accounts.

• Test in Demo Account first to validate broker compatibility.

• Enable AutoTrading and ensure a smiley face appears on the chart to confirm the EA is active.

• Adjust risk settings according to your account size and risk appetite.

In the Downloads folder, there are:

✅ Experts: Beast Scalper EA_fix.ex5
✅ Presets: GOLD M5 $1000.set

>>> Reviewed by Micheal Elliot

Conclusion

Beast Scalper EA is a cutting-edge scalping solution tailored for traders aiming to capitalize on rapid price movements in volatile markets such as Forex, Cryptocurrencies, Gold, and Indices. Engineered with adaptive risk controls, breakeven stop-loss mechanics, and a comprehensive news filter, this expert advisor delivers a balanced approach between high-frequency execution and capital protection.