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THE BLUE BEAST

List of functions:
1: Number of Trades per day.
-Number of positions per trade.
2: Trade position calculator (based on account balance)
3: Spread Tolerance: If the user enters 3, then the EA will not place a
trade when the bid & ask spread is equal/greater than 3.
4: The EA will consist of different patterns running within it. I would
like to make each of them an option to turn on or off
5: Time limit for trade to take place. EX: 2hrs, 4hrs etc. (See Pg. 21)
6: Partial Profit taking option per level of TP area on fib. Including
close all and BE.
-Example
- TP1 = Take __% of position(s), Close All (Y/N), Move SL to BE (Y/N)
- TP2 = Take __% of Position(s), Close All (Y/N), Move SL to BE (Y/N)
- TP3 = Take __% of Position(s), Close All (Y/N), Move SL to BE (Y/N)
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Pg: 2

Fractal Turn:
- Sell- A bullish closing candle containing a fractal Carrot followed by 2 bearish closing candles.

Fractal Turn: Sell

1 1

2 1

- Buy - A bearish closing candle containing a fractal Carrot followed by 2 bullish closing candles.

Fractal Turn: Buy

2 2
2
1 1 1
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THE BLUE BEAST

Fractal“MiniTurn”:
- This will be the same as the fractal turn but without the carrots. *The MiniTurn Cannot contain a fractlacarrot on
any of the bars in the set.

Sell

1 1 1

2
2 2

Buy
Buy

1
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Pg: 4

3 Bar Beast:
- Sell - 3 Bearish Closing Candles with the first candle containing the fractl carrot.

1 2 1

3
3

- Buy - 3 Bullish Closing Candles with the first candle containing the fractal carrot.

3 3

2
2

1
1
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THE BLUE BEAST
3 Bar”MiniBeast”:
- Sell - 3 Bar Beast sell without the fractal carrot. Bullish close followed by 3 bearish candles.

1 2
1
1

2
2 3
3
3

- Buy - 3 Bar Beast buy without the fractal carrot. Bearish close followed by 3 bullish candles.

3 3
2
2 2
1
1
1
Buy
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THE BLUE BEAST

Cancelation:
- When a candle has a fractal carrot on both the High and the Low
the trade that could be setting up with it will be void.
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THE BLUE BEAST

Now that we have a good understanding of the patterns, we need
to understand the meaning of the fib expansion tool.

When the Fib is placed on the chart, double click and edit the
settings. The current setting I have are as follows:

These values can be changed by the user insode the EA settings.

I have changed the SL to 3 and have added a “Quick” level to take
quick profits manually on added positions.
My “Quick” level has been set to 1.5.

Our fib is now set up. Lets dive into how it is placed around all
of the patterns.
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Fib Expansion Placement
The fib will be placed on the open and close of the candles or “Bodies”. Place the cross hair on the open of the
pattern, click and drag the cross hair to the close of the next candle. The levels will expand out and give you the
HotBox Area, SL, Bailout and TP levels.
3 Bar Beast*:
Open FractalTurn*:
MiniTurn*:

Open

Close

Close

Close

Open

3 Bar MiniBeast*: Flip*: QuickHit*:

Open
Close
Open
Close

Open
Different Rules on placement*:
Close

Different Rules on placement*:

Random Flip*:

Fib placement on the Random Flip is pulled from open to close of

Fractal Candle. The HotBox area and scheme will not come into play
Close for this pattern. We use the fib for StopLoss placement and TP levels.

Open
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THE BLUE BEAST
The HotBox Entry
Now we have recognized the patterns and placed our fib tool, we look for an entry based on the HotBox Area
in the fib. The HotBox is the area from the open to the 50% level of the 2 candles (depending on the pattern).
I have highlighted the area in blue.

Enter Sell @ close

of candle

Enter Buy @ close

of candle

The first chance PRICE moves into the HotBox, we have a signal. The candle that breached the HotBox area
MUST close the opposite direction of the signal AND outside of the HotBox.
*Bullish candle close outside HotBox = Sell.
*Bearish candle close outside HotBox = Buy.

Random Flip*:
The Random Flip will not utilize the HotBox Area. After the
2nd cndle closes the trade will be placed with SL.
Close

Open
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THE BLUE BEAST
The HotBox Entry
IF a candle penetrates the HotBox area and closes inside the HotBox
then the trade is CANCELLED.

If the signal is for a buy and the candle that enters the HotBox closes
bullish, then the trade is CANCELLED. This is also the case for a sell
signal, but with a bearish candle.

Sell Signal

Buy Signal
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THE BLUE BEAST
Flips:
- Sell - 2 Bearish closing candles containing a fractal carrot on the high of the first candle. The 3rd candle to confirm
the fractal must close bullish.

3
3
1 1
2
1
2 2

- Buy - 2 Bullish closing candles containing a fractal carrot on the low of the first candle. The 3rd candle to confirm
the fractal must close bearish.

1 2
1 3 3

3
2

1
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THE BLUE BEAST
Fib Locations for Flips
Some of the patterns will have options for to pull fibs from.
The “Flips” fib is normally pulled from candle 2, but other options
for this pattern are pulling from both candle 1 and 2. This will create
2 trades.

2
2
1
1

Spot 1 Spot 2

Spot 1&2

In other instances, Spot 1 cand be a miss/cancel, but Spot 2 cand be a trade. Along with the inverse, Spot 1 cand be a
trade, but spot 2 can be a miss/cancel.
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THE BLUE BEAST
Fib Locations for Quick hits:
Quick Hit patterns can have 2 spots to pull the fib to get entries.
Spot 1 is fibed from candle 2 (open to close). Spot 2 is
fibed from candle 1 (close to open).

2 1

Spot 2
Spot 1

Spot 1&2

In other instances, Spot 1 cand be a miss/cancel, but Spot 2 cand be a trade. Along with the inverse, Spot 1 cand be a
trade, but spot 2 can be a miss/cancel.
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THE BLUE BEAST
Random Flip:
- Sell - Bearish closing Fractal Candle with the carrot on the high followed by 2 bullish candles.

3 1
2

2 3

- Buy - Bullish closing Fractal Candle with the carrot on the low followed by 2 bearish candles.

2 3

1
1
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THE BLUE BEAST
Fib Locations for Fractal Turn:
Fractal Turns are pulled from candle 2 and 3 open to close. Another option is from candle 2 open to close.

1 2 1 2
3 3

Spot 1 Spot 2

1 2

Spot 1&2

In other instances, Spot 1 cand be a miss/cancel, but Spot 2 cand be a trade. Along with the inverse, Spot 1 cand be a
trade, but spot 2 can be a miss/cancel.
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THE BLUE BEAST
Fib Locations for Fractal Turn:
Fractal Turns also can be included with the 3 Bar Beast meaning an extra bearish or bullish candle close. This will
make a candle 4. The fib will get pulled from candle 2 and 3 open to close and 3 and 4 open to close.

1 2 1 2
3 4
34

Spot 1
Spot 2

1 2

3
4

Spot 1&2

In other instances, Spot 1 cand be a miss/cancel, but Spot 2 cand be a trade. Along with the inverse, Spot 1 cand be a
trade, but spot 2 can be a miss/cancel.
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THE BLUE BEAST
Fib Locations for 3 Bar Beast:
The 3 Bar Beast will pull the fib from candle 2 and 3 open to close.
The second option is pulling the fib from candle 1 and 2.

2 3 2 3

1 1

Spot 1 Spot 2

2 3

Spot 1&2

In other instances, Spot 1 cand be a miss/cancel, but Spot 2 cand be a trade. Along with the inverse, Spot 1 cand be a
trade, but spot 2 can be a miss/cancel.
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THE BLUE BEAST
Take Profit Levels
TP 1: Close Partial/Close All/BreakEven Options

TP 2: Close Partial/Close All/BreakEven Options

TP 3: Close Partial/Close All/BreakEven Options

All TP levels are based on actual price hitting the line or proce point
of the fib. Not the spread.
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Stop Loss Level
The Stop Less Level on the fib will be a starting point. Each position
will be placed based on the SL level plus spread, or including spread.
This number can be rounded up to the nearest pip.

If the SL level is 15pips. The spread is 1.1pips. The SL will be placed

at 16.1 pips or 17.
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THE BLUE BEAST
Manual Closing/Opening Positions
Please allow the User to close positions manually without interupting
the EA. Example: User closes a trade and EA reopens the position at
market value.

Please allow User to enter new positions, but they will have to be
monitored by the user.
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Timeout Option
Time for trade to be entered into HotBox Area for entry.
I have been using the amount of bars within the fib lines as they are pulled out.
1hr = 6bars, 2hrs = 12bars, 4hrs = 24bars etc. 6

4
5
12
4
6 7
3 5

8 9 3
2
1 2
1
Sell 10
11
Close @ BE
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Quick Hit:
- Sell - Bullish closing fractal candle followed by a bearish closing
engulfing candle (bodies). The 3rd “fractal pattern confirmation”
candle must close bullish. 1
1
1 3
3
3

2 2
2

- Buy - Bearish closing fractal candle followed by a bullish closing

engulfing candle (bodies). The 3rd “fractal pattern confirmation”
candle must close bearish.
2

2
2

3
3
3 1
1
1