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Profitable EA Life Changer EA Full Version

3.10 star(s) 176 Votes
Also, another thing to add. With all the current economic uncertainty, be careful with any USD pair. The volatility in the Dollar also not helping the EA. Trending market the EA trades it very well. Ranging markets, it tends to struggle.
 
Hello All,

This post is to let you all know, I will provide the Life Changer EA Full Version for FREE to whoever is very active in this Forum and posting good contents and messages. Our moderators will view the posts/messages and will grant the EA for the genuine users. All you have to do is be very active in the forum by posting new threads/messages which is useful to the Forex Industry.
good initiative!
 
FREE to whoever is very active in this Forum and posting good contents and messages. Our moderators will view the posts/messages and will grant the EA
 
Good day All

Trust all is well.

Here is some feedback. I have been, running the EA now for 3 months straight on live account. I only allow it to trade GBPUSD, AUDUSD, NAS100. I took out GBPJPY as the volatility of the YEN against the Pound sometimes makes the EA run into heavy draw down. For me it works. I am not greedy at all. I have also dropped my account balance to around $4600USD from 8000USD. As it was way too big.

My set file at the moment.
Fix Lot 0.18
Multiplier 1.0
Step 20
Take profit 28.0
Stoploss 400
Max Trades 5
Magic Number 1234567
Trailing stop 24.0
Trailing step 1.0
Pairs
AUDUSD
GBPUSD
NAS100

To everyone this EA works. If you allow it to build the account slowly and not get greedy it will make profits. Make sure your lot size is set according to your account size. So far, I am happy with my returns. EA will make at most 5 trades a day. somedays even two or three. So, for me the frequency of trades is perfect. People think the more trades you let it make the more money you going to make. Yes, true that can be done but also opens yourself to risk. Like manual trading you still need to manage your risk. I still trade manually on my other account. And solely allow this EA to trade and build this account for me.

People are naturally results driven so they will only believe something works if they see results beforehand. There is a lot of people here, that spend countless hours running this EA getting a perfect set file etc. Ultimately it comes down to what you want out of it. Like I said in my previous post. This EA can give high returns over short period of time, but it can blow your account very fast if something in the markets happen. Or you can be conservative and allow it to make small % profits each day and build slowly.

I have spoken to a friend of mine who is programmer. The source code that is available for this EA can't be work with. He did have a look at it. Code is very unclear. I am in talks with him to build an extra news filter EA or something that will switch of the Life changer EA before heavy impact news drops. I still switch of the EA manually before heavy impact news. But still run the risk as something can happen in the markets at any time. Unless we can get the original source file for this EA that is not modified in any way then I can have a filter build in. Until then its manual work for now.


Happy Trading everyone.

Take Care.
What time frame are you using for this settings of yours?
 
Hello All,

This post is to let you all know, I will provide the Life Changer EA Full Version for FREE to whoever is very active in this Forum and posting good contents and messages. Our moderators will view the posts/messages and will grant the EA for the genuine users. All you have to do is be very active in the forum by posting new threads/messages which is useful to the Forex Industry.
Thank you!
 
Hello everyone.

I'm new to the forum and I'm looking forward to sharing experiences. I will try to be very active here and help where I can.

first and foremost i would like to say a big thank you to @NexusFX, @cchong and also to everyone else who invested a lot of time testing the lifechangerEA and sharing their most profitable/best settings here.

My business partner and I also spent a lot of time doing tests on the subject of lifechangerEA.

Overall I have nothing more to add here to NexusFX and cchong. To all who are new to dealing with EA's: The experience of NexusFX and cchong is simply a fact! if you do tests yourself for a longer period of time (please please please no backtesting, only demo account or if you are advanced in handling the EA, a live account), you will definitely come to the same conclusion as we did. there will always be a compromise between safety and profit. there is no perfect setup with maximum security and maximum profit. it always depends on what you set your priorities!

I wish you all successful trading.

Best regards,

IncAT
 
a few more thoughts on the way the lifechangerEA works:

I noticed that the bot very often starts to open the first position in zones. support and resistance zones or liquidity zones. i guess that in connection with volume and other indicators he then decides whether he goes long or short. a clearly clear line is not recognizable for me so far.
and here what nexusfx and cchong already meant in relation to: trends that are too large/long without a significant correction make life difficult for this EA and means that the martingale TP cannot be reached, so the drawdown with long-lasting trends is always larger and puts the account under pressure. in the worst case, the account will be blown up.
the same thing happens with high impact news, of course. the price rises or falls very sharply without correction. the bot moves more and more positions and can ultimately break the account because no price correction takes place with which the TP is then reached.
another little information. My business partner and I used the lifechangerEA with XAUUSD, XAUAUD, XAUEUR.
!!Please do not imitate as a beginner, all gold pairs are very volatile and at the moment it is extremely risky to operate the EA with them!! (even with settings primarily based on maximum security rather than profit)


Best regards,
IncAT
 
Seems to close some posotions at profit (very small) and carry the remaining open positions at loss (much higher), thus cannot see it able to get ahead and make consistent profits. At this rate, I can see the stage where the carry loss (and drawdown) will be huge compared to closed win trades. Typical of Martingale system. Will leave it running to see how long it takes to blow the (Demo) account!
 

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