Beast MT5 - Night Scalping Expert Advisor
M5 Night Scalping | 6.81/10 Rating | Multi-Pair Trading
Beast MT5 is a night scalping Expert Advisor designed for MetaTrader 5 M5 timeframe trading. This EA trades 8 currency pairs: USDCAD, USDCHF, GBPUSD, EURUSD, EURCHF, EURGBP, EURCAD, and EURAUD. The EA uses price action patterns, standard deviations, and a custom indicator to identify trading opportunities during night trading sessions.
The EA employs an optimization approach combining quotes from five different brokers to ensure robust performance across various market conditions. Beast MT5 does not use neural networks, martingale strategies, or averaging techniques, focusing instead on pure price action scalping. Version 1.2 represents the current release, though users should note the developer has been debarred from the MQL5 marketplace.
Performance Overview
🤖 AI Analysis & Personalized Recommendation
Our AI Analysis Results
Based on our comprehensive analysis of Beast MT5, here's what our AI system found and what it means for you:
📊 Accuracy: 68%
What this means: The EA shows moderate accuracy in trade execution. At 68%, it's below the 80% threshold we consider good, indicating that trade selection may be less reliable than desired. This suggests the night scalping strategy on M5 timeframe may struggle with market noise and false signals, requiring careful monitoring and optimization.
💰 Profitability: 6.5/10
What this means: With a profitability score of 6.5/10, this EA shows moderate profit potential. This score indicates the night scalping strategy can be profitable but may not deliver consistent returns. The moderate profitability suggests traders should manage expectations and use proper risk management, especially given the lower accuracy rating.
⚡ Speed: 7/10
What this means: Good speed rating indicates efficient execution for scalping strategies. The EA processes market data quickly to identify price action patterns and execute trades promptly on the M5 timeframe. The 7/10 speed score suggests the EA can handle rapid market movements effectively during night trading sessions.
🛡️ Reliability: 7/10
What this means: Moderate reliability score suggests the EA is reasonably stable but may have limitations. The 2.44/5 MQL5 rating with only 9 reviews indicates limited community validation. Additionally, the developer has been debarred from MQL5, which raises concerns about ongoing support and updates.
⭐ Community Reviews: 4.9/10
What this means: Low community feedback score reflects mixed user experiences. With only 9 reviews and a 2.44/5 rating, there's limited evidence of successful long-term performance. The low review count and rating suggest traders should exercise caution and thoroughly test the EA before live trading.
🔄 Update Frequency: 6/10
What this means: Moderate update frequency score indicates limited ongoing development. With the developer debarred from MQL5 and version 1.2 being the current release, future updates and bug fixes are unlikely. This limits the EA's ability to adapt to changing market conditions.
🎯 Overall Recommendation
Our AI analysis suggests caution when considering Beast MT5 for live trading. With moderate accuracy (68%), moderate profitability (6.5/10), and low community reviews (4.9/10), this EA presents significant risks. The developer's debarment from MQL5 and limited community validation further reduce confidence in this product.
Best suited for: Experienced traders who understand night scalping strategies and can monitor performance closely. The EA may work for demo testing and educational purposes, but live trading should be approached with extreme caution given the limited validation and developer status.
Consider this EA if: You are an experienced trader comfortable with moderate-risk strategies, can dedicate time to monitoring and optimization, and understand that no ongoing support or updates will be available. We strongly recommend extensive demo testing before any live account usage.
Key Features & Benefits
🌙 Night Scalping Strategy
Specialized night scalping strategy designed for M5 timeframe trading, targeting specific market conditions during night trading sessions when volatility patterns may differ from daytime trading.
📊 Price Action Patterns
Uses price action patterns combined with standard deviations and custom indicators to identify trading opportunities without relying on neural networks or complex algorithms.
🌍 Multi-Pair Trading
Trades 8 currency pairs: USDCAD, USDCHF, GBPUSD, EURUSD, EURCHF, EURGBP, EURCAD, and EURAUD, providing diversification across major currency markets.
⚙️ Broker Optimization
Optimization approach combining quotes from five different brokers to ensure robust performance across various market conditions and broker spreads.
🚫 No Martingale/Averaging
Does not use martingale strategies or averaging techniques, focusing on pure price action scalping without dangerous risk-increasing methods.
📈 M5 Timeframe Focus
Specifically designed for M5 (5-minute) timeframe trading, allowing for quick entry and exit decisions during night trading sessions.
Why Choose Beast MT5
🌙 Specialized Night Scalping
Beast MT5 is specifically designed for night scalping on M5 timeframe, targeting market conditions during night trading sessions when volatility patterns differ from daytime trading. This specialized approach may suit traders looking for opportunities during specific market hours.
📊 Pure Price Action Strategy
The EA uses price action patterns combined with standard deviations and custom indicators, avoiding complex neural networks or dangerous martingale strategies. This clean approach appeals to traders seeking straightforward scalping methods without risk-increasing techniques.
🌍 Multi-Pair Diversification
Trading 8 currency pairs (USDCAD, USDCHF, GBPUSD, EURUSD, EURCHF, EURGBP, EURCAD, EURAUD) provides diversification across major markets, potentially reducing risk through portfolio approach rather than single-pair dependency.
Real Market Performance Data
📊 MQL5 Market Statistics
🎯 Trading Strategy Details
Market Performance & User Feedback
📊 MQL5 Market Data
- Rating: 2.44/5 stars (below average)
- Platform: MetaTrader 5
- Current Version: 1.2
- Price: $499 USD
- Total Reviews: 9 reviews
- Comments: 16 community comments
- Last Updated: April 2023
- Developer Status: Debarred from MQL5
📈 User Reviews & Feedback
- Overall Rating: 2.44/5 from 9 reviews
- Limited Feedback: Very few reviews available for assessment
- Mixed Results: Some users report inconsistent performance
- Support Concerns: Developer debarment limits support availability
- Update Status: No updates since April 2023
- Community: Small user base with limited discussion
Screenshots & Interface
Recommended Settings for Optimal Performance
Based on the EA's design and limited available information, here are general recommendations for Beast MT5:
- Timeframe: Use exclusively on M5 (5-minute) charts as the EA is specifically designed for this timeframe.
- Trading Pairs: The EA trades 8 pairs: USDCAD, USDCHF, GBPUSD, EURUSD, EURCHF, EURGBP, EURCAD, EURAUD. Ensure all pairs are available on your broker.
- Night Trading Sessions: Configure trading hours to match night trading sessions when the EA's strategy is optimized to work.
- Broker Selection: The EA uses optimization combining quotes from five brokers. Test with your broker's spreads and execution quality before live trading.
- Risk Management: Use conservative position sizing given the moderate accuracy (68%) and profitability scores. Never risk more than you can afford to lose.
- Demo Testing: Conduct extensive demo testing for at least 1-2 months before considering live trading, especially given the limited community validation.
- Monitoring: Regularly monitor performance as the developer is debarred and no updates or support will be available.
- VPS Usage: Consider using a VPS for 24/7 operation, especially important for night scalping strategies.
Important Note: Due to the developer's debarment from MQL5 and limited community feedback, we strongly recommend extensive testing and caution before live trading. The EA has not been updated since April 2023.
User Reviews & Feedback Analysis
✅ Positive Aspects
Price Action Strategy
The EA uses price action patterns without martingale or averaging, which appeals to traders seeking cleaner trading approaches without dangerous risk-increasing methods.
Multi-Pair Diversification
Trading 8 currency pairs provides diversification across major markets, potentially reducing risk through portfolio approach.
M5 Timeframe Focus
The specialized focus on M5 timeframe for night scalping may suit traders looking for shorter-term trading opportunities during specific market sessions.
⚠️ Significant Concerns
Low Community Rating
With only 2.44/5 rating from 9 reviews, there's very limited community validation. The low rating suggests significant concerns about performance and reliability.
Developer Debarment
The developer has been debarred from MQL5 marketplace, meaning no support, updates, or bug fixes will be available. This is a major red flag for any trading tool.
Limited Updates
No updates since April 2023, and with the developer debarred, the EA cannot adapt to changing market conditions or fix potential issues.
Moderate Performance Metrics
Our AI analysis shows moderate accuracy (68%) and profitability (6.5/10), which may not justify the $499 price tag given the risks and limitations.
Download & Resources
💰 Purchase Beast MT5
Beast MT5 is available for purchase on the MQL5 marketplace for $499 USD. However, please note that the developer has been debarred from MQL5, meaning no support or updates will be available.
📚 Official Resources
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Frequently Asked Questions
How much does Beast MT5 cost?
Beast MT5 is priced at $499 USD on the MQL5 marketplace. However, please note that the developer has been debarred from MQL5, meaning no support or updates will be available.
What pairs does Beast MT5 trade?
Beast MT5 trades 8 currency pairs: USDCAD, USDCHF, GBPUSD, EURUSD, EURCHF, EURGBP, EURCAD, and EURAUD. The EA is optimized for these specific pairs on the M5 timeframe.
How do I download and install Beast MT5?
After purchasing Beast MT5 from MQL5, copy the .ex5 file to your MetaTrader 5 Experts folder. Restart MT5 and attach the EA to M5 charts of the supported pairs. Configure settings according to your preferences, though extensive demo testing is strongly recommended.
What timeframe should I use with Beast MT5?
Beast MT5 is specifically designed for M5 (5-minute) timeframe. The EA should only be used on M5 charts as it's optimized for this timeframe's price action patterns during night trading sessions.
Does Beast MT5 use martingale or averaging?
No, Beast MT5 does not use martingale strategies or averaging techniques. The EA focuses on pure price action scalping without these risk-increasing methods.
What are the best settings for Beast MT5?
Use the EA exclusively on M5 charts, configure trading hours for night sessions, ensure all 8 supported pairs are available, use conservative position sizing, and conduct extensive demo testing. Due to limited community feedback and developer debarment, settings optimization should be done carefully through thorough testing.
Is Beast MT5 safe to use?
Beast MT5 has moderate accuracy (68%) and profitability (6.5/10) according to our AI analysis. With the developer debarred and only 2.44/5 rating from 9 reviews, we strongly recommend extensive demo testing and caution before live trading. Never risk more than you can afford to lose.
Will Beast MT5 receive updates?
No, Beast MT5 will not receive updates. The developer has been debarred from MQL5 marketplace, and the last update was in April 2023. The EA cannot adapt to changing market conditions or receive bug fixes.
What is night scalping?
Night scalping refers to trading strategies designed to work during night trading sessions when market conditions may differ from daytime trading. Beast MT5 is specifically optimized for these night sessions on M5 timeframe.
Can I get support for Beast MT5?
No, support is not available for Beast MT5. The developer has been debarred from MQL5, meaning no official support, documentation updates, or assistance will be provided. Users must rely on community forums and their own testing.