Profitable EA Life Changer EA Full Version

[cchong]

Why does he open a disproportionate lot at multiplier 20?

Furthermore, if this trade was truly executed by Life Changer EA alone and not by any other EA or so, then the only possibility that I could think of is, there should be something wrong somewhere that caused this irregularity or inconsistent performance of Life Changer EA. Here are the possibilities that I could think of:

1. Human intervention (I have mentioned this in my previous reply to you. It's a trade executed manually by the trader instead of using Life Changer EA.)

2. Broker's intervention/manipulation?
Anyway this is just a pure speculation. Having said that, I did see some info shown online mentioning about some brokers possibly involved in manipulations of trades on their platform which could affect the trading results or so. If that's the case then the only advice is to change your broker for better safety.

3. Another EA
There could be another EA working within the same MT4 platform that might caused such incident to happen. If so, it is strong recommended to turn off and uninstall that EA to allow Life Changer EA alone to work without any interference.

4. Unknown reasons.
If all the above given reasons are not valid and you still get the same wierd trade happened on your account when using Life Changer EA, then I think perhaps the one and only suggestion that I have for you is to uninstall and reinstall everything again, go check and make sure that all your Life Changer EA settings are set up properly. Hopefully by doing so, your trades would then be executed in a "normal" way instead of being crazy and go completely out of control as shown on your screenshot.

Hope that helps. Wish you all the best then. God bless and take care.

 

[NexusFX]

Why does he open a disproportionate lot at multiplier 20?

Good Day

If your fix lot is set to 0.02 and your multiplier is set to 1.11. When the EA opens 1st trade it will be 0.02 lot. When it opens a 2nd trade for the same pair it will be 0.02 x 1.11=0.0222 rounded to 0.03

If you set the multiplier to 20 it means every trade it opens after 1st trade will be the fix lot x 0.20. so be careful to not set that very high.

I set my multiplier to 1.00. so, it never increases the lot sizes. Works well for me. Multiplier function on this EA is there when the EA opens 1 EURUSD buy trade at 0.02 lot. Now the market goes 20pips in the opposite direction the EA will open a 2nd trade and move the TPs. Now the 2nd trade will be opened at 0.02 x 1.11 multiplier = 0.03 With new TPs.

Hope that makes sense

Take Care.,

 

[coolm]

Dear cchong,

Thank you very much for your time and effort for testing Life Changer EA. With your approval and information provided, I would like to share my findings as follows:-

1. Your currencies pair trade is very low volatility, except for GBPJPY. The maximium level step is GBPJPY which reaches level 18.
2. Your parameter setting is in favour of relatively low volatility, such as AUDUSD and GBPUSD, where the max level/step is 10-13 and the minimum balance required is USD292, in reference to the attached file of martingale calculation.
3. Due to your trailing stop and step is 12 and 1, the power of price rebound (the price has risen from a lower level/the price has dropped from a hgiher level) is less than original setting with earning less by getting more safety.

Overall, the setting is considering low risk with good return( profit $735.11 / 73.5% since Aug 2022) without too much worred and can sleep well. I think. Hope my sharing is useful for all of you.

God bless you all

​	​	Lower Risk​	​	​	​	​	Higher Risk​	​	Max.​	​	​
Classic​	Level/Step​	1-4​	5-9​	10-13​	14-15​	16-17​	18​	​	Step​	​	​
Risk​	Point​	800​	1000​	800​	400​	400​	200​	​	Level​	​	​
Categories​	Acc. Point​	800​	1800​	2600​	3000​	3400​	3600​	​	​	​	​
​	Lot​	0.01​	0.02​	0.03​	0.04​	0.05​	0.06​	Total​	​	Profit​	%​
High​	GBPJPY​	207​	26​	4​	2​	2​	1​	242​	18​	171.96​	23.7%​
Low​	AUDUSD​	213​	25​	1​	0​	0​	0​	239​	10​	309.34​	42.6%​
High​	GBPUSD​	212​	34​	5​	0​	0​	0​	251​	13​	155.82​	21.4%​
Low​	NZDUSD​	46​	1​	0​	0​	0​	0​	47​	5​	36.44​	5.0%​
Middle​	NZDJPY​	32​	0​	0​	0​	0​	0​	32​	3​	12.81​	1.8%​
Middle​	AUDJPY​	27​	2​	0​	0​	0​	0​	29​	6​	40.27​	5.5%​
​	Trade No.​	737​	88​	10​	2​	2​	1​	840​	​	726.64​	100%​

​

Martingale calculation: Capital Required

​

Level​	Pipsteps (Points)​	Cumulative Pipsteps​	Lot Size​	Cumulative Lot Size​	DD ($) Level Start​	Cumulative Used Margin​	Capital Required​	Used %​
​	​	​	​	​	​	​	​	​
1 (initial)​	200​	​	0.01​	0.01​	​	$2​	$2​	0.20%​
			​					​
			​					​
			​					​
			​					​
			​					​
			​					​
			​					​
			​					​
			​					​
11​	200​	2000​	0.03​	0.2​	$154​	$40​	$194​	19.40%​
12​	200​	2200​	0.03​	0.23​	$194​	$46​	$240​	24.00%​
13​	200​	2400​	0.03​	0.26​	$240​	$52​	$292​	29.20%​

​

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[cchong]

Thanks very much @coolm for the detailed analysis and hard work which is very helpful for many who are interested to find out more about how Life Changer EA works. Good job and keep it up. Take good care, may God bless you and God bless everyone

 

[proteknik]

Thanks for sharing. Download and test talk

 

[asif4b]

Thanks very much @coolm for the detailed analysis and hard work which is very helpful for many who are interested to find out more about how Life Changer EA works. Good job and keep it up. Take good care, may God bless you and God bless everyone

which set file are you using please share your settings

 

[coolm]

which set file are you using please share your settings

Life Changer EA Full Version - Top Forex Forum | Get Forex Trading Strategies & Feeds | Forex Forum

Thanks kecodon8991 for your kind sharing of experience of using this EA. Sorry to hear that you've blown your live account. It happened to me too in the past and frankly speaking it could also happen to anyone at any point of time. I don't know what broker you use but just for your info that I...

www.forexforum.co

Please refer to above link.

 

[longphan]

There is no orders open at all, no errors at Experts and Journal tab also. Not sure what's wrong or is the EA expired somehow. Anyone can help?

 

[longphan]

Hi @gkhanetlikci

Small account id suggest 1:500. The leverage is what will allow the account to not blow immediately if the EA does go into drawdown. On a 100USD you need to put lot size 0.01 and maybe cap the EA on the pairs. Only let it trade 2 or 3 pairs.

NexusFX bro, somehow my Life Changer EA not produce any orders. No error at Experts nor Journal tab at all. Any help? Appreciate

 

[spectra4x]

Many times i've ear by this EA, but i don't know if really protect your account from blowing risk

 

[NexusFX]

Good day

There is no orders open at all, no errors at Experts and Journal tab also. Not sure what's wrong or is the EA expired somehow. Anyone can help?

How long has it been like this. Maybe reapply the EA to the chart and see.

 

[NexusFX]

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.

 

[longphan]

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.

You can use IceFX.NewsInfo indicator. It can turn off Auto Trading on heavy news, and turn it back on. No need to modify the code at all

 

[coolm]

Trailing stop 24.0

Dear NexusFx,

Thank you very much for your setting and explaination. I have a question regarding the setting of Trailing Stop and Step. It is appreicate if you could explain further about it. Actually, I don;t know how to work of trailing stop in this setting.

Thank you very much.

Best regards,

 

[NexusFX]

You can use IceFX.NewsInfo indicator. It can turn off Auto Trading on heavy news, and turn it back on. No need to modify the code at all

Good day.

Thanks for the info will definitely look into this.

 

[yourdan]

thank you for sharing . Lets see at FT .

hope it works

 

[tony034]

Is Life changer exactly the same EA as in PROFIT MAKER? if I set them to work on two accounts, I see that they open exactly the same trades.

 

[NexusFX]

Is Life changer exactly the same EA as in PROFIT MAKER? if I set them to work on two accounts, I see that they open exactly the same trades.

Good day

I am not sure. I have not encountered profit maker EA

 

[Trader_Mark]

Thank you. Will give it a go and hopefully make some good profit

 

[rikkimaroe]

Thank you for sharing with us. try in forward test and demo account