Profitable EA Life Changer EA Full Version

[NexusFX]

Great. your sharing can help me and newbies here save a lot of time to find a good setting for this EA.
Thank

Its all a pleasure.

 

[StanVII]

I have now downloaded the ea on the first page and started it. I have made the settings as described by NexusFX. Is this the current version on page 1?

 

[NexusFX]

Good day All

Just some feedback. So yesterday was rough day in the market. The EA was stuck in a GBPUSD sell trade from the Tuesday. I left the trade open hoping it would TP before the CPI news dropped. CPI news dropped and GBPUSD shot to the upside causing a massive drawdown. The trade ran well over 160pips. Causing a 60% drawdown subsequent blew around 50% of the account just on that one trade. Then on top of that I have been testing indices on live account made a mistake with the lot size boom lost another 10%. So overall not good day yesterday.

So as mentioned previously its safer to switch the EA off when high impact news drops. I had the option of closing the trade manually before the news dropped and lose 3% on the trade but I decided the keep it open. And it bit me.

Cheers.

 

[cchong]

Good day All

Just some feedback. So yesterday was rough day in the market. The EA was stuck in a GBPUSD sell trade from the Tuesday. I left the trade open hoping it would TP before the CPI news dropped. CPI news dropped and GBPUSD shot to the upside causing a massive drawdown. The trade ran well over 160pips. Causing a 60% drawdown subsequent blew around 50% of the account just on that one trade. Then on top of that I have been testing indices on live account made a mistake with the lot size boom lost another 10%. So overall not good day yesterday.

So as mentioned previously its safer to switch the EA off when high impact news drops. I had the option of closing the trade manually before the news dropped and lose 3% on the trade but I decided the keep it open. And it bit me.

Cheers.

Thanks very much for the updates on EA performance and result shared. Sorry to hear that you have lost so much due to the huge drawdown that has happened recently. Life Changer EA does lack the news filter feature which make it possible to be risky at times especially during high impact news. Hope to see an improved version of this EA or any other better EA in the near future with news filter built into it for better safety. Having said so, agreed with you that it could be better to turn off the EA before the happening of any high impact news.

 

[bmad]

i was testing on demo,
and gbpjpy went into big dd so i had to manually close trades- lost a lot,
gbpusd is not bad
gbpaud is ok but goes into dd more.

best to keep the settings low and make risk less, slowly grow your account.

big news and nfp is a big factor in this.
might be best to switch off auto trade on thursday and back on monday,

 

[cchong]

i was testing on demo,
and gbpjpy went into big dd so i had to manually close trades- lost a lot,
gbpusd is not bad
gbpaud is ok but goes into dd more.

best to keep the settings low and make risk less, slowly grow your account.

big news and nfp is a big factor in this.
might be best to switch off auto trade on thursday and back on monday,

Great comment on "best to keep the settings low and make risk less, slowly grow your account.". Fully agreed with you on this. Accounts always get blown because of risky settings were used, typically with a large lot size such as 0.01 used for $100, 0.1 for $1000 and so on. Many of us don't have a large account. With small accounts we tend to grow it super fast by using pretty risky settings which in the end wiped out all our profits and capital. Greed is what kills it all.

 

[cchong]

I have now downloaded the ea on the first page and started it. I have made the settings as described by NexusFX. Is this the current version on page 1?

Yup I think so. There is also another version called Life Changer v6 somewhere else (you may do a search here in this forexforum website if you wish to) but I think they are more or less pretty much the same to me. The only thing that matters I think is with the settings that you use. Risky settings will bring higher profits but at the same time it's gonna put your account in danger for sure. In short, Higher profits = higher risks. Simple as that.

 

[cchong]

Here are my personal thoughts about using this EA that I've shared recently in another channel that is related to this EA. Feel free to read it as you wish to as follow:

Life changer MQ4 file request - Top Forex Forum | Get Forex Trading Strategies & Feeds | Forex Forum

Great for sharing. Still need more points to be able to download it. Can someone help me with a direct download?

www.forexforum.co

In short, it's all about the settings. If you wish to see your account grows safer and lives longer, try to keep your risks low. Take good care everyone and God bless

 

[StanVII]

Thank you to all those who share their experiences with us.
I will test the EA for a few months and if everything goes well then create a live account for this EA. Hopefully this will be a life changer

 

[bmad]

its difficult getting the right pairs to use in this ea,
need to find a way of working out which pair is safe to use first then build it up from there

 

[Maciula]

Thanks for sharing I will be try to test it hope will be profitable

 

[cchong]

its difficult getting the right pairs to use in this ea,
need to find a way of working out which pair is safe to use first then build it up from there

Feel free to check out NexusFX sharing (he has a lot of detailed insights about this EA that I believe we could think about and learn from) and settings used by him (he only chose three currency pairs and deleted all the others) which seemed to work well in my opinion except during high impact news like NFP and etc. where sudden aggressive market movement happened that could easily cause huge drawdown and eventually and possibly wiped out your account. For your better safety, I think it would be good to turn off EA just to avoid such possible threat and risks. If you think using 0.04 lot for $1000 that NexusFX used for his account is too risky for you, you can always reduce the lot size to 0.02 or 0.01 for your better safety. Here's NexusFX sharing for your info as follow:

https://www.forexforum.co/threads/life-changer-ea-full-version.2226/post-172094 (Life Changer EA Settings 1/2 by NexusFX)
https://www.forexforum.co/threads/life-changer-ea-full-version.2226/post-172095 (Life Changer EA Settings 2/2 by NexusFX)

Just for your info, after trying out NexusFX's settings for some time, I was able to get roughly around 40-50% monthly or so which is quite an amazing and profitable result.

Happy reading. God bless and take care

 

[cchong]

hi i am new to the forum. does anyone have a link to myfxbooks and the lifechangerea that has been running for a long time?

Well, if you don't mind, I can show you my demo testing result of using this EA with settings shared by trader "NexusFX". I have been running it for almost two months now (Sorry for I know perhaps it is not long enough to prove anything solid yet, but that's all I have to share with everyone for now) and the good news is that I have already doubled my account balance which is simply awesome in my opinion. Sorry for I can't share any myfxbook link and/or any other external link because that ability is solely limited to all those paid VIP members or paid subscribers in this forum and I'm sure many of us here are not. I think the most we could do to help each other is perhaps to take some screenshots and share them here purely just for info sharing purpose and that is pretty much all we could do as free and unpaid members. Hope that helps. Here is the screenshot for your info as follow:

 

[cchong]

Well, if you don't mind, I can show you my demo testing result of using this EA with settings shared by trader "NexusFX". I have been running it for almost two months now (Sorry for I know perhaps it is not long enough to prove anything solid yet, but that's all I have to share with everyone for now) and the good news is that I have already doubled my account balance which is simply awesome in my opinion. Sorry for I can't share any myfxbook link and/or any other external link because that ability is solely limited to all those paid VIP members or paid subscribers in this forum and I'm sure many of us here are not. I think the most we could do to help each other is perhaps to take some screenshots and share them here purely just for info sharing purpose and that is pretty much all we could do as free and unpaid members. Hope that helps. Here is the screenshot for your info as follow: View attachment 21594

Strangely speaking, I've just checked and noticed that the screenshot that I've uploaded in my most recent post was not shown up. Therefore, I'm attaching the screenshot again here below not in full image but as a thumbnail. I hope you can now click and being able to see it now. If you still don't see any screenshot at all. Then sorry for there is nothing I could do. The admin might have somehow chosen to remove it as per their discretion.

 

[NexusFX]

its difficult getting the right pairs to use in this ea,
need to find a way of working out which pair is safe to use first then build it up from there

Hi Bmad

Hope you well.

Go look at my post and few other members. We have narrowed down which pairs works well and which don't. This EA works on any pair. The list of pairs that it comes with as default it will trade them all. Like previously mentioned the risk tolerance is the key on this EA. So you have to make sure your lot size is correctly set based off your account balance. Because of the strategy the EA uses if it does hit drawdown you are safe. I have tested both side of the coin. Low risk and high risk. High risk works for a few days and then you hit that one day where it will all go haywire because you forget to check what high impact news will be out. So to have longevity on your account balance having low risk settings or at least medium risk is much better.

Good luck with your test. Do share your experiences with us.

 

[StanVII]

Strangely speaking, I've just checked and noticed that the screenshot that I've uploaded in my most recent post was not shown up. Therefore, I'm attaching the screenshot again here below not in full image but as a thumbnail. I hope you can now click and being able to see it now. If you still don't see any screenshot at all. Then sorry for there is nothing I could do. The admin might have somehow chosen to remove it as per their discretion. View attachment 21603

Thank you for sharing your experience. Which account model do you use at Roboforex?

 

[cchong]

Thank you for sharing your experience. Which account model do you use at Roboforex?

You're most welcome.
As for accounts, I would normally choose "MT4 Demo Pro account" which is a standard account that has no commission charged but with a higher spread that might not be that suitable for certain EA that specifically required to use low spread accounts. However, if you prefer to use a low spread account, then you might want to choose the "MT4 Demo ECN accounts" that has low spread but with commissions charged for every trade that is executed.

Next, kindly do take note that ECN accounts only allowed up to 1:500 (fixed leverage) as the maximum leverage. Yet standard accounts would allow up to 1:1000 (fixed leverage) or maximum 1:2000 (floating leverage). For your info, personally I would rather recommend using a fixed and not floating leverage to avoid unforseen risks due to the fact that the floating leverage will reduce its value whenever the account equity has grown and reached to a certain amount, and also for Roboforex, the 1:2000 leverage will automatically reduce to 1:1000 during a specific period of time that will happen once every week as set by Roboforex as according to their leverage rules and regulations (Strange to hear that and they never give reasons of why they set such rule for this 1:2000 leverage). As the result of those conditions, I have decided to only choose 1:1000 and not 1:2000 for my better safety.

Last but not least, I always prefer using a large leverage for my better safety because during any aggressive market movement, a huge drawdown will most likely happen, and if your leverage is not large enough, there is a much higher chance for your account(s) to be wiped out at any time.

Hope that helps. God bless and stay safe at all times

 

[cchong]

Dear all, new updates on Life Changer EA testing are as follow:
1. I believe using 0.04 lot for $1000 is just too risky. Just to let you know that today I have a huge drawdown of 79.88% with 10 trades of GBPJPY being placed on my account. As of now, my demo account is barely surviving due to using a large leverage of 1:1000, I think if anyone is using a leverage of 1:500 or lower, you account most probably wouldn't survive and got wiped out already.

2. After the result shown today, I think it would be good to use a much smaller lot size such as 0.02 lot or even 0.01 lot for a $1000 account (Yes your profit would be much smaller but your risks will reduce too). The next important thing would be using a large leverage for better safety. The larger the leverage the better and safer it is for your account to survive during crazy market movement like the one that is happening today.

Here's some screenshots shared below just for your reference. That's all I have to share with everyone for now. Wish you all the best in your testing. Be safe and stay safe. God bless. bye.

 

[ConnorB_FX]

I am excited to test this system. I have looking for it a long time.

 

[NexusFX]

Dear all, new updates on Life Changer EA testing are as follow:
1. I believe using 0.04 lot for $1000 is just too risky. Just to let you know that today I have a huge drawdown of 79.88% with 10 trades of GBPJPY being placed on my account. As of now, my demo account is barely surviving due to using a large leverage of 1:1000, I think if anyone is using a leverage of 1:500 or lower, you account most probably wouldn't survive and got wiped out already.

2. After the result shown today, I think it would be good to use a much smaller lot size such as 0.02 lot or even 0.01 lot for a $1000 account (Yes your profit would be much smaller but your risks will reduce too). The next important thing would be using a large leverage for better safety. The larger the leverage the better and safer it is for your account to survive during crazy market movement like the one that is happening today.

Here's some screenshots shared below just for your reference. That's all I have to share with everyone for now. Wish you all the best in your testing. Be safe and stay safe. God bless. bye.
View attachment 21630View attachment 21631

Good Day @cchong

The exact same thing happened to me on both my live accounts. All settings was the same my lot was lowered to 0.02 because I started testing Indices as well. I was caught in the GBPJPY trade as well. Well over 200pips in drawdown. This is same thing that happened to the GBPUSD trade last week. I eventually had to close out the losses in order to save the accounts. What is weird for me yesterday was high impact news for GBP but the overall moves in the markets wasn't overwhelming in the sense of added volume etc. Some how It seems the EA just got stuck in a trade and it couldn't recover. So back to the drawing board for me. Will not run the EA on my live accounts until I have run a few more tests. I am going to see how it will perform when lowering the SL from 400 to say 60 pips or 90pips.

Will keep you posted.