Profitable EA Life Changer EA Full Version

[cchong]

Please help me with your contact

Sorry I can't help you anymore coz I'm done with this EA and no more using it. You gonna have to rely on other people in this channel for help on this EA. All the best to you then. Take care and God bless. bye

 

[dadangsam]

Is this Martingale or Grid?

itis grid, but we can set the lot size for marti

 

[LionWrz]

wow thanks so much, I'll try it! again thank you so much

 

[Letsgetit]

Cchong is right y’all. This Ea has been my life for sometime and lost hope. Funny how me and him stopped using the life changer at around the same time….

Yes the EA can make profit in 2 weeks, 4 weeks, 6 we…oh it blew up the account. FYI. Happens a lot for almost 1.5 years now and I’ve relied on testing out other EA’s with an extremely low lot size. Big piece of advise for anyone using EAs, gotta let it work the drawdown, in general, if it’s a martingale like the Life Changer EA.

If y’all can test it out, cool. Let us know. I’ve done everything from changing lot size, step size, multiplier, SL, TP, currency pairs, different brokers, VPS’s, turning off or leaving news on (High and Medium impact), manually turning it off for a bit after some wins, etc. I’ve done it all and have unfortunately lost hope.

Good luck and I wish y’all nothing but the best

 

[dragonheartjo]

Nice thanks for the good group and forum, keep the good work

 

[Buddy]

Well said, safety first and profit second...

Hi guys and gals,

Intro

My first post here.
I’m a veteran trader, with 10 years of experience in EA trading and about 100k hours of screentime under my belt.
Using (amongst others) Life Changer EA during the last 4 years I have traded my main account from 5k up to 25k.

General observations

Before going into details about the pairs, chart timeframe and other settings I have been using for the Life Changer EA, a couple of observations based on reading and re-reading the 110 pages of this thread.

• Many 90% rule traders. If you don’t know what the 90% rule is in forex, Google it
• Many people posting in this thread lack the most basic education.
  They don’t seem to know what an average daily range is, don’t know how to calculate the pip value for a forex pair based on position size, don’t know margin requirements, etc. etc.
  One word of advice, “Babypips” has an excellent comprehensive free education. Go study.
• Many traders have unrealistic expectations.
  Watch Lambo Raul videos on Youtube and you’ll see what I mean.Forex trading is a marathon, not a sprint.
  Folks expecting an ROI upwards of 5% per month will most likely blow their account.
• Many traders are undercapitalized. You need serious money to make serious money.
  Alternatively, if you don’t have “serious money”, you will at least need to be very patient.
  There’s nothing wrong opening a 5 USD cent account, but don’t expect to turn that into a 100 USD (cent account) in a year…

My Life Changer EA settings

Pairs: AUDCAD, AUDNZD, NZDCAD
Why these pairs? Look at the pairs traded by similar grid expert advisors such as North East Way, Waka Waka, Hundred Eggs. The ”DNA” of these 3 pairs (daily range, swings, pullbacks) makes them very suitable for grid trading.

Timeframe: M30
Not too quick (M15), not too slow (H1) for me.

Fixlot
0.01 per 500 capital

Step: 40
This represents (at the time of writing) approx. 80% of the daily range of the pairs I am trading

Takeprofit: 30
This will give a profit factor between 2.30 and 2.50.

Multiplier: 1
Anything above 1 is martingale (be it soft or hard martingale) and will blow up your account.
It' s not a question of if, but WHEN it blows up. The only “right” way to using martingale and grid trading in general is by controlling the downside.
That means using an equity stop/max drawdown of X%.
Using a multiplier of 1 is a trading technique employed by some institutional traders. It’s also known as cost averaging.
The advantage of cost averaging – as opposed to martingale - is that your account will be able to withstand much larger sustained movements.
Using multiplier 1 and 1 microlot per 500 capital, by the time it opens the 8th trade in a grid the drawdown is 15%.

Stoploss: 280
Why 280 pips? Simple. By the time the Life Changer EA opens the 8th trade in a grid, the first trade is 7 x 40 pips = 280 pips in drawdown. That means a 5-day sustained solid drop (or rise) at 100% of the ADR, without sufficient pullback to get out. By this time, I’m in a 15% drawdown, which I consider my max acceptable drawdown. So far (4-year period) the max number of trades in a grid I’ve had has been 6.
Maybe there’ll be a day it gets to 8, which means I’ll incur a 15% loss of capital.

Trailstop: 10
Trailstep: 1

Max pairtrades: 2

ROI

These setting will yield an average of 3% per month.
To give you an idea of compounding at 3% ROI per month:
500 USD starting capital * (1.03 ^ 12) = USD 712 capital end of year 1
500 USD starting capital * (1.03 ^ 24) = USD 1016 capital end of year 2
Doubling your account in 2 years time isn't so bad, is it? Go talk to your bank manager, ask him what interest rate he'd offer you for a 2-year USD 500 depo...

There’s a myfxbook account (it's not my account), that has been running the Life Changer EA using exactly these settings and pairs for more than a year.
Search for “life changer” in the systems section and you’ll find only 1 system running on an ICMarkets demo account with a RoMaD of 10. The user is “Tortellini”.

Trade safely!

 

[zayan]

View attachment 81 View attachment 82 View attachment 81 View attachment 82 Please find attached Life Changer Full Version EA.View attachment 81 View attachment 82 View attachment 81 View attachment 82

Thanks

 

[Buddy]

How often does this EA trade? I've had mine on the chart for a week with a smiley face but nothing else showing, no trades and no errors etc

Thanks!

 

[LionWrz]

I tried it but it doesn't work... why? Can you explain why please.

 

[Antonesco]

How does it works? Would be very interesting for test.

 

[prodix]

Is this a good EA? any good result for long term? Is it suitable for

 

[Code061010]

Very nice EA. thank you for sharing this EA , could you please give set file for some pair?

 

[alexmackel]

Is this a good EA? any good result for long term? Is it suitable for

It seems it is a good EA. It works with many pairs at the same time.

 

[misaro]

itis grid, but we can set the lot size for marti

Hi, Could you please share what I must do to set lot size - Martingale mode?

 

[misaro]

Hi,
Im using Life Changer EA. so far EA has given some + profit. Even though, I've a question, have set TP 30 pips, and for any reason which dont know always trade is closed before reaching TP, even when the trade went 50pips+ the trade is closed out. DOnt know what the reason is, the problem is that no matter TP I set 30 /50 / 80 pips always close around 25pips. Any suggestion ? Thanks

 

[J3nk4r]

Is this EA working on mt4 v1420?
Work's on any mt4 version or not???

 

[misaro]

Is this EA working on mt4 v1420?
Work's on any mt4 version or not???

Hi,
Im using mt4 v1420 it works fine.

 

[nicolaselmir]

Any good results for real accounts for this EA ? is it worth to give it a try?

 

[yanyulon]

It is an old EA. Is it work fine today? Anybody had tried it?

 

[misaro]

I have tried this Gold EA it works fine as long as it doesn't go counter-trending. it opens multiple trades trying to recover DD. Insufficient balance the EA blows up your account