Hi everyone, just to share with you some updates on using this EA. Sadly speaking that two of my real accounts just got blown up with NZDJPY and AUDJPY traded in my account with this EA used. And because of the strong trending movement happened that makes the EA keep placing more than 9 trades that eventually got my two accounts blown up. Later i found out from this thread channel that someone has mentioned that it's better to avoid using any JPY pairs for they are very volatile (or "violent" as described by one trader). Therefore, please try to avoid from using all JPY pairs such as AUDJPY, NZDJPY, GBPJPY, EURJPY, USDJPY in your parameter settings (pls do delete them in your parameters for your safety). Later one of my friends also warned me that the GBP pairs are also quite volatile so I also deleted the GBPUSD from my parameter, however I couldn't delete EURGBP yet because it is being used at the moment and i guess my friend was right about this as EURGBP is having a big trend now that makes the EA placing a total of 6 trades and still not yet closed even until today. (Please see attached screenshot for your proof and info)
In short, I do see the risk of this Life Changer EA now. It is very good if there are no major big market trend movements happening. Meaning it is good for "Ranging" Market but NOT good and could be extremely dangerous whenever "Trending" Markets happen. Therefore if possible please try to avoid from using any JPY and GBP pairs and/or any other pairs that you know that might have very big trending movement or huge volatility that could be a huge threat to this EA.
Just for in sharing, here are my settings that I use as follow:
(To be honest, there is no guarantee that this setting will be working well at all times or in the long run. Nothing is guaranteed.)
Deposit: $100 (I'm using a CENT account for my safety, therefore $100 is = 10000cents shown in my CENT account)
Important: If you don't have a mimimum of $1000, then you must use a CENT account or else your account will be at huge risks of being blown up.
Leverage: 1:1000
Time Frame: M15
Currency pair: EURUSD (use only one chart in my MT4 platform).
Settings:
I use my own preset with the following settings
Fixed lot: 0.1 (used for 10000 cents ($100), which is equivalent to 0.01 lot used for $1000, 0.02 lot for $2000, 0.05 lot for $5000 and so on....)
7 Currency pairs were deleted: AUDJPY, NZDJPY, GBPJPY, EURJPY, USDJPY, GBPUSD, EURGBP (reason: one trader has mentioned that all JPY currency pairs are to be avoided for volatility issue. Another trader later also mentioned about volatility of GBP pairs too.)
Multiplier: 1.05
Max pair trades: 2
The rest remained as default
Okay that's all the info I know and share with you about this EA. Hope that helps. Wish you all the very best in your testing. Take care, be safe and God bless.
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