Beast Super Signal can be located on the MQL MArketplace under the indicators category. There is a link provided below that will take you to the exact indicator that we are looking at. The indicator was uploaded on the 2nd of September 2018 by Dustin Vlok and was subsequently updated on the 5th of November 2019 and is now at version 3.5.
Overview
The Beast Super Signal was created to be used with MetaTrader 4, it was designed to be a simple and easy to use indicator. It will constantly monitor the current price action while looking for new trends or strong reversals when currencies are overbought or oversold. Only when all the internal strategies are met, the indicator will paint a new buy or sell signal arrow onto the chart. It is then up to you to make the trade (this indicator does not trade for you).
The Beast Super Signal will give you entry levels, stop losses, and 3 different take profit level suggestions.
There are a number of different parameters that can be altered, changing them will slightly alter the way that the indicator functions, some of the options include how many bars to calculate, the overbought and oversold entry zones, take profit and stop loss levels, what sort of alerts to use, panel width and height, font size and type, and many other options are available too.
Service Cost
The Beast Super Signal can be purchased outright for $149, this will give you unlimited access without any limitations. As with many indicators on the MQL5 marketplace, you are also able to rent it on a monthly period, this will cost you $49 per month.
There is also a free demo version available, it will have some limitations and unfortunately, the limitations have not been states on the website, it would always be worth downloading just to make sure the indicator does, in fact, do what you need it to do.
Conclusion
At the time of writing, there are currently 51 different reviews, the overall rating from the revies is 5 out of 5.
“This is an outstanding indicator. It’s very precise and the alerts are very helpful to ensure I don’t miss any trades on the pairs I’m monitoring. Great work!” – A 5-star review.
“In my personal opinion, this isn’t a good indicator. they promise a 70% strike rate but in the long term its more like 20-40% also their way of calculation doesn’t make any sense. all the 5-star reviews here are worthless because you won’t receive the ea (which is even more useless than the indicator) if you don’t rate them 5 stars. if anyone wants some proof of a 1 year to backtest or so you can contact me.” – A 1-star review.
“The indicator makes my job easier when I do my entries. Thank you for the indicator fantastic. You can make it 100% unless you mark up your chart, using technical analysis and fundamentals. You can walk away on the signal if you see if the market is not right. highly recommended.” – A 5-star review.
As you can see, there are both positive and negative reviews but the positives far outweigh the negatives. The comment section of the page has plenty of comments, the developer has been replying to each one individually which shows that they are keen to keep supporting the indicator and those that have purchased it. As always, be sure to download the free demo version to try, also send any queries you have to the developer so you can be sure it will do what you need before you make a purchase or rental.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/31436
