Profitable EA Life Changer EA Full Version

[cchong]

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.

Thanks for your input and updates. Take care and all the best for your EA tests.

 

[AV1]

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.

Thank you for the update and good luck

 

[cchong]

Dear all, after having recent conversations with NexusFX about this EA as all of you can read here in this channel, I think he is absolutely right when mentioning about "Some how It seems the EA just got stuck in a trade and it couldn't recover." This sounded really bad for me because it does not matter how good this EA had performed in the past, once it got stuck with any currency pair (such as GBPJPY and etc.) that had failed to recover, then all your precious profits earned plus your capital are all gone, as simple as that.

Furthermore, although NexusFX mentioned that he has done tests using different currency pairs in the past and have found only these three pairs (namely: GBPUSD, GBPJPY and AUDUSD) that appeared to be profitable and also considered to be low risks, yet, now I believe we could agree that there is no such thing as a "safe" or "low risk" currency pair. Every currency pair could easily turned out to be risky at any point and any time. Well, what can I say? Welcome to the real world.

To be honest, personally I don't think I would recommend this EA to anyone especially after seeing what happened when one currency pair has gone wrong. If you were to ask me what kind of lot size to try, now I would say that perhaps 0.01 lot for a $1000 account would be reasonably safe. However, you could only expect maybe a monthly profit of say around 10% or so with roughly max. drawdown of 20% when using a large leverage of 1:1000. However if you choose a lower leverage of 1:500, then I would assume that the max. drawdown could easily go up to 40% or so which is definitely not a good thing in my opinion with regards to the account safety.

Okay, that is pretty much what I could say about Life Changer EA now. Best wishes to NexusFX and all of you and all the best in your journey of testing this EA.

Stay safe and keep safe. Take care everyone and May God bless all of you.

 

[StanVII]

can you tell me what this range means?
I have an account with ICM Raw Spread. I hope it is suitable for the EA

 

[Bajujing]

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.

Hi can I have this EA?

 

[NexusFX]

Dear all, after having recent conversations with NexusFX about this EA as all of you can read here in this channel, I think he is absolutely right when mentioning about "Some how It seems the EA just got stuck in a trade and it couldn't recover." This sounded really bad for me because it does not matter how good this EA had performed in the past, once it got stuck with any currency pair (such as GBPJPY and etc.) that had failed to recover, then all your precious profits earned plus your capital are all gone, as simple as that.

Furthermore, although NexusFX mentioned that he has done tests using different currency pairs in the past and have found only these three pairs (namely: GBPUSD, GBPJPY and AUDUSD) that appeared to be profitable and also considered to be low risks, yet, now I believe we could agree that there is no such thing as a "safe" or "low risk" currency pair. Every currency pair could easily turned out to be risky at any point and any time. Well, what can I say? Welcome to the real world.

To be honest, personally I don't think I would recommend this EA to anyone especially after seeing what happened when one currency pair has gone wrong. If you were to ask me what kind of lot size to try, now I would say that perhaps 0.01 lot for a $1000 account would be reasonably safe. However, you could only expect maybe a monthly profit of say around 10% or so with roughly max. drawdown of 20% when using a large leverage of 1:1000. However if you choose a lower leverage of 1:500, then I would assume that the max. drawdown could easily go up to 40% or so which is definitely not a good thing in my opinion with regards to the account safety.

Okay, that is pretty much what I could say about Life Changer EA now. Best wishes to NexusFX and all of you and all the best in your journey of testing this EA.

Stay safe and keep safe. Take care everyone and May God bless all of you.

Good day

You hit the nail on the head. Strange how it will be profitable for at least 2 months and then suddenly it goes all haywire. I was making decent profits for two months straight. This month starts and it works it self back wards.

Guess its back to square one.

 

[cchong]

Good day

You hit the nail on the head. Strange how it will be profitable for at least 2 months and then suddenly it goes all haywire. I was making decent profits for two months straight. This month starts and it works it self back wards.

Guess its back to square one.

Thanks NexusFX for the sharing and yes agreed with you, back to square one again, sad.
Anyway, I'm starting all over again this time with 0.01 lot used for $1000 demo account (with leverage 1:1000). See how it goes over three months or more. Hope for the best and prepare for the worst.

 

[cchong]

Hi can I have this EA?

Go back to the 1st page of this channel, look for the 1st post/thread shared by the thread owner called "Sharon", click to download the attachment of that she shared in her 1st or 2nd post. Alternatively, you can also use the following link to do so: https://www.forexforum.co/threads/life-changer-ea-full-version.2226/post-3173

Hope that helps. Wish you all the best.

 

[AV1]

Hi can I have this EA?

You can download the ea from page 1

 

[cchong]

can you tell me what this range means?
I have an account with ICM Raw Spread. I hope it is suitable for the EA

View attachment 21640

Sorry I have no idea what that "Range:53.0"(shown on EA MT4 Chart) is all about. Maybe someone else who understand this could help explain this to us all. As for "ICM", are you referring to ICMarkets broker? If so, I think it's quite a reputable broker. As for Raw Spread accounts I think it should work fine. For your info, some EA do need Raw Spread accounts in order to work well. As for Life Changer EA, so far I don't see any specific requirements for using Raw Spread accounts. Having said so, Raw spread accounts are good especially during high volatile market movements where spreads would become much wider with normal standard accounts and Raw Spread Accounts do serve well to help minimize this problem.

 

[NexusFX]

Thanks NexusFX for the sharing and yes agreed with you, back to square one again, sad.
Anyway, I'm starting all over again this time with 0.01 lot used for $1000 demo account (with leverage 1:1000). See how it goes over three months or more. Hope for the best and prepare for the worst.

Hi @cchong

We have spend so much time testing it cant really give up now. Still one of the best EA's out there. The changes I will be doing is the following.

On demo account as my live accounts took big knocks that I am currently slowly making back by manual trading.

0.01 lot
Stoploss - from 400 down to 100. I want to see what the EA does with a lower SL.
Amount of trades open drop it from 10 to 4.


Lets see how this goes. Will keep you posted.

Take Care

 

[Jamala02]

Thanks for sharing, look forward to testing this ea

 

[Jsvsvjs]

I hope you'll share 2022 version of it.
Many people like me are waiting.

 

[cchong]

Hi @cchong

We have spend so much time testing it cant really give up now. Still one of the best EA's out there. The changes I will be doing is the following.

On demo account as my live accounts took big knocks that I am currently slowly making back by manual trading.

0.01 lot
Stoploss - from 400 down to 100. I want to see what the EA does with a lower SL.
Amount of trades open drop it from 10 to 4.


Lets see how this goes. Will keep you posted.

Take Care

Thanks very much for your sharing and updates. Wish you all the best with your tests and God bless

 

[peppebas]

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 for sharing

 

[kupiin]

thank you so much for sharing this EA
will test it out later

 

[darknight]

I unfortunately have blown 2 accounts in the past using this ea, it seems very promising but you must pay attention

 

[cchong]

I unfortunately have blown 2 accounts in the past using this ea, it seems very promising but you must pay attention

Understood. Just like any other EA, this EA could blow up accounts too with the wrong settings used. As for now, I think 0.01 lot used with a $1000 account (or $10 with a cent account) would be reasonably safe (for now). I have tried bigger lot sizes in the past and to be honest, none of them had survived in the longer period. Some even survived for two months and yet after that one day came where one currency pair just got crazy market movement and there the account got blown. This EA don't have any news filter built in so do watch out for major news events that could possibly bring extra risks to your account when using this EA.

 

[RochelleX]

Good day. For someone like me who has limited knowledge on trading, where or how do I start? I just want good advice. Don't send me links and downloads please.

 

[andretu]

Nice thanks for this thread.
Some Telegram channel claim they are selling it, but it could be a scam.