BEATS V5 Trading System – A Powerful Yet Simple Trend Trading Setup

The BEATS V5 trading system is the latest offering from expert trader BeatlemaniaSA, aimed at making trading “even more FUN and PROFITABLE”. This simplified trend trading setup provides clear buy/sell signals and helps traders determine if they should enter a trade, stay out of the market, or get ready for a potential opportunity.

BEATS V5 Trading System

Download Free BEATS V5 Trading System

Overview of the BEATS V5 System

BeatlemaniaSA states that his goal with BEATS V5 was to create a straightforward system for his own trading style that would show at a glance whether to buy, sell, get ready, or stay out of the market.

The system incorporates custom indicators that analyze price action and market conditions to identify emerging trends early. It provides high-probability trade setups for taking advantage of short-term to intermediate-term trends across any liquid trading instrument or timeframe.

Main Components:

  • Custom indicators analyzing momentum, volatility, and market states
  • Clear graphical buy/sell signals and trade management levels
  • Applicable to forex, stocks, futures, and cryptocurrencies
  • Optimized for 1-hour to 1-day charts but can be used on any timeframe

Benefits Highlighted:

Risks and Limitations:

  • Requires an understanding of trading risks
  • Individual customization may be needed
  • Overtrading and poor money management can still result in losses

The developer provides no guarantees of profitability and notes that traders may lose some or all of their capital using this or any other system.

How the BEATS V5 Trading System Works

The BEATS V5 system uses a set of custom MT4/MT5 indicators to analyze price action and determine market states.

The main indicator is the BEATS Dashboard which displays graphical buy and sell signals and key support/resistance levels. It also shows the prevailing trend strength and momentum.

Trade entry signals are generated when the price breaks key levels in the direction of the trend after periods of consolidation.

Exits and targets are based on trailing stops and profit objectives set by the indicator. The developer recommends using a 2:1 or 3:1 reward/risk ratio.

Trade management is conducted using the levels highlighted on the chart and dashboard. More aggressive or conservative stops and targets can be set manually based on market conditions and trader preferences.

The system aims to capture impulsive market moves while filtering out consolidations and trend reversals. It can be used across all liquid instruments and timeframes.

Forex Master Levels Indicator

Check our advanced Forex Master Levels Indicator

Performance and Historical Testing

Comprehensive historical testing results for the BEATS V5 system are not yet publicly available.

The developer trademarked, optimized and thoroughly tested this latest version before release but has not provided quantified performance metrics.

However, results posted on ForexStation forums for the prior BEATS V4 system indicate it has performed well in live trading. Many traders also commented positively on the potential of this new upgraded version for catching profitable trends.

Without long-term audited performance data, traders should thoroughly backtest the system themselves before using it with real capital.

Using the BEATS V5 Trading System

Follow these steps to install and configure the BEATS V5 system:

  1. Download the BEATS V5 indicator package from Forex Station (link in references)
  2. Install the indicators in the MT4/MT5 platform of your choice
  3. Add the BEATS Dashboard indicator to your currency pair or instrument chart
  4. Configure settings as required for trade management and display preferences
  5. Analyze charts for trade signals and use dashboard for decision making
  6. Enter and manage trades according to indicator signals and your trading plan

Be sure to use proper risk management with this system and any other trading method. Use prudent position sizing, reasonable stop losses, and at least a 2:1 reward/risk ratio per trade.

Customize settings such as the periods used, indicator colors/styles, and dashboard information as desired to suit your trading plan. Extensive optimization is likely not required to gain an edge with this robust trend trading method.

Strengths and Weaknesses

Key Strengths:

  • Clear signals identifying high-probability trades
  • Objective entry, exit and trade management guidance
  • Works across all major asset classes and timeframes
  • Customizable without needing optimization
  • Created by an experienced profitable trader

Potential Weaknesses:

  • Lacks long-term public performance report
  • Needs discretionary risk management
  • Overly intense trend filters may miss some moves

Verdict on the BEATS V5 Trading System

The BEATS V5 system for MT4 provides a simplified discretionary approach to trend following across any liquid trading instrument or timeframe.

It objectively identifies potentially profitable trends and consolidations using custom indicators optimized by its developer BeatlemaniaSA. Clear graphical signals guide traders on entries, trade management and exits.

While historical testing results have not been fully disclosed, the performance of prior BEATS systems indicates positive long-term profitability is achievable.

Traders comfortable with discretionary trading and risk management should find this system very worthwhile. It simplifies the process of identifying high-probability trends early and managing profitable trades.

However, as with any trading method, losses can occur due to market volatility. Traders should use sound risk principles to preserve capital and avoid overtrading.

Overall the BEATS V5 system is well worth testing yourself. It could provide the edge you need for successful trend trading across a diversity of instruments.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

Leave a Comment - Nemokamas lankytojų skaitliukas