Profitable EA Life Changer EA Full Version

[dhanasekar_83]

Thanks for sharing.

did u use it

 

[henryjove]

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.

thanks for the information,

Just wondering, are you using the version that was posted here few years ago ? I am searching for the current version.

Next question, wondering why your stop loss is set to 400 pips or its $400 don't know .

Would it not be better to set the stop loss just below average losing trade in pips displayed in the track record in myfxbook ?

 

[henryjove]

Thanks for your questions. Sorry to say that I don't think anyone has the official EA instruction manual so I don't really know how everything works. I don't understand what you mean by "T/L", if you are asking about the Trailing Stop Loss functions, all I know is that it will only start to work only when the trend is moving in your favourable direction. If the trade started but the trend is moving against you, then the trailing stop loss function won't be triggered or activated to work at all. Secondly, for the "Trailing Stop", if value is set at 12.0, not sure I'm right about this but, I think what that means is, let's just say that when a EURUSD BUY trade started moving in a profitable or in your favourite direction which is upward movement and once it has reached 12 pips/points in profit, then the Trailing Stop Loss function would immediately be activated and started to move your stop loss level to 12 pips/points below your current profit level and so the distance between your take profit and your stop loss is 12pips/points. If that profitable trend continues to go up to say 25 pips/point, then the "trailing stop" will also follow this trend by move up your stop loss level to 12pips/points below 25 which should be at 13 pip/point level. The trailing stop loss level will only go up and won't come down in a BUY trade condition (if it is a SELL Trade then it's vice versa). Therefore, it will help protect and secure your profits when the trend is moving in the positive directions. Even when later if the trend of the BUY trade suddenly changed direction and start to keep moving downward, then the EA will eventually and finally close the trade at the 13 pip/points level which is the final Trailing stop loss level and you'll end up earning a profit of 13 pips. That's roughly the way of how the trailing stop loss function works in my understanding.

As for the "Trailing Steps", if the value is set at 1, then the trailing stop loss level will move every time whenever the trend started moving 1 step in your favourable direction. If you set the value to 4, then the trailing stop loss level will only move once every time whenever the trend has moved 4 steps further in your favourable direction. There are pros and cons of what value you put in your Trailing Steps, sometimes it could possibly be better to use a smaller Trailing Steps value so that the Trailing Stop loss function will follow closely with the trend. Yet the problem is, if it follows too closely with the trend movement, then there isn't much space for the trend to fluctuate freely and the trend could possibly changed direction and hit the stop loss level too soon before allowing itself to go further in your favourable direction which could eventually end up earning you with a larger profit. So in short, there are always pros and cons of how big or small value you set to the "Trailing Steps". There is no right or wrong about this matter. Some people might like to do their adjustment by changing the value frequently as they deem fit, some just don't anything and leave it as it is. It all depends on what you prefer according to your own strategy and preference. It's that simple.

Hope that helps. Please bear in mind that I'm not an expert in any part of this and I could be wrong at some point or so. Therefore please do your own research and study on how Trailing Stop Loss functions work and what are the pros and cons of using Trailing Stop Loss. I believe you can simply do a google search on this topic for your better understanding.

Ok that's all I can say about this matter. Wish you and everyone all the best, take care and God bless. Bye.

thanks a lot, this is a concept I have been trying to rap my head around, especially in regular trading. Never used the trailing stop in MT4 but it can be an amazing blessing because we might not hit next key area of support or resistance but we still get to take a profit at least half of our TP instead of coming back down and hitting the SL.

Another question, in the EA, there is a point that says, Steps below the multiplier. what does that mean?

 

[cchong]

With regards to the "Step" function, I think NexusFX has already explained this in one of his comments:
"I figured out what the step setting is for. if the EA opens one trade. For example, a Buy. Now this trade starts running in a negative. It will open another position when it hits 15pips or 20pips in negative. To start mitigating the risk and managing the position. So what i will be testing now to see if it is better to lower this setting in order for when the EA does hit trade where it needs to manage the trade with more then one open position if it will then close in profit sooner."
Source: https://www.forexforum.co/threads/life-changer-ea-full-version.2226/post-184001
Just a word of advice if you don't mind, please kindly spend more time reading posts shared by NexusFX and other EA users and traders in this channel for your better understanding so that it could help save your time from asking questions which might have already been answered by others. Till then, all the best in your EA tests then. Take care and God bless

 

[henryjove]

With regards to the "Step" function, I think NexusFX has already explained this in one of his comments:
"I figured out what the step setting is for. if the EA opens one trade. For example, a Buy. Now this trade starts running in a negative. It will open another position when it hits 15pips or 20pips in negative. To start mitigating the risk and managing the position. So what i will be testing now to see if it is better to lower this setting in order for when the EA does hit trade where it needs to manage the trade with more then one open position if it will then close in profit sooner."
Source: https://www.forexforum.co/threads/life-changer-ea-full-version.2226/post-184001
Just a word of advice if you don't mind, please kindly spend more time reading posts shared by NexusFX and other EA users and traders in this channel for your better understanding so that it could help save your time from asking questions which might have already been answered by others. Till then, all the best in your EA tests then. Take care and God bless

ok I guess it would only mitigate risk if you had set it to open more than 1 pair or trade at a time.

I had the step set to 1. I had 24 wins in a straight roll today but markets started ranging (or rather not trending at all) while i was asleep, I got up to see it had 12 losses in a row, actually 6 trades since I had set it to open two traders per pair.

Wonder if someone found a way to sort out the mess during non trending markets.

Pardon me I might have to ask questions that have been answered, it's hard for me to read 1000 posts already made.

 

[henryjove]

With regards to the "Step" function, I think NexusFX has already explained this in one of his comments:
"I figured out what the step setting is for. if the EA opens one trade. For example, a Buy. Now this trade starts running in a negative. It will open another position when it hits 15pips or 20pips in negative. To start mitigating the risk and managing the position. So what i will be testing now to see if it is better to lower this setting in order for when the EA does hit trade where it needs to manage the trade with more then one open position if it will then close in profit sooner."
Source: https://www.forexforum.co/threads/life-changer-ea-full-version.2226/post-184001
Just a word of advice if you don't mind, please kindly spend more time reading posts shared by NexusFX and other EA users and traders in this channel for your better understanding so that it could help save your time from asking questions which might have already been answered by others. Till then, all the best in your EA tests then. Take care and God bless

Regarding your answer, he answered the question of trailing steps, I did acknowledge that. He did not mention "steps" .

There are two steps, there is one at the top, read my post please.

 

[henryjove]

Regarding your answer, he answered the question of trailing steps, I did acknowledge that. He did not mention "steps" .

There are two steps, there is one at the top, read my post please.

The images should clarify the two different step settings I was talking about.

 

[BOT343]

Any one change there life useing this EA?

This EA real work.

Any one have profitable EA

 

[cryptolifestyle]

thanks for sharing, does this help maximize your trading results?

 

[cchong]

Regarding your answer, he answered the question of trailing steps, I did acknowledge that. He did not mention "steps" .

There are two steps, there is one at the top, read my post please.

No he was not talking about "trailing steps" but "steps". Please read carefully and try to understand slowly.

 

[cchong]

The images should clarify the two different step settings I was talking about.

Yes, Steps and Trailing steps are two entirely different things.

 

[cchong]

ok I guess it would only mitigate risk if you had set it to open more than 1 pair or trade at a time.

I had the step set to 1. I had 24 wins in a straight roll today but markets started ranging (or rather not trending at all) while i was asleep, I got up to see it had 12 losses in a row, actually 6 trades since I had set it to open two traders per pair.

Wonder if someone found a way to sort out the mess during non trending markets.

Pardon me I might have to ask questions that have been answered, it's hard for me to read 1000 posts already made.

Sorry to say this but I don't think you would survive for long by using STEP of 1. The default is set at 15 which I think is already a bit risky. For your info, NexusFX has changed to 20 in his settings which I think is better and safer. There is no problem asking questions. It's just that not everyone has the time to respond to the same question over and over again. It's just my advice and suggestion for you to read past posts for your better understanding. That's how everyone learn from each other and others. We all went through the same thing. So I hope you'll learn more as you follow and read the posts. You don't need to read every post if you don't have plenty of time. Just scroll up and read some that you think are helpful for you. I think NexusFX's posts are quite helpful in my opinion. You may do a search for his posts for your info and learning. Feel free to chat with him if you like. Anyway, up to you to decide what you want and do. No problem.

Just a short answer for you, STEP in my understanding is used for opening a new trade whenever the trend is going against you. If you set STEP to 30, then every 30 STEPS (or pips) in drawdown the EA will open another trade to try to recover your losses. The closer your STEPS, the more trades will be opened when the trend goes against you and that would definitely put you in huge danger and risks. Imagine when you set STEP value at 1, when the trend is moving against you in 10 STEPS/PIP, you will have 10 opening trades, and if the trend continues to move against you with another 20 to 30 pips, what would happen next? I think you would know the answer very well.

Last but not least, for your info that there is no admin or EA owner or user being assigned here to answer any questions. So if you really want to save some time for better learning, please do start reading posts shared by others or else, well...yes, you could ask a bunch of questions but there could be no one to respond to you. It happened to me and many others and I'm sure it could happen to you too. If you don't believe me, just go ahead and browse through many other channels in this forum and I think you would see similar things happened. Questions after questions asked without answers given. It's just simply the fact. No offense please.

One more thing, the other way to learn is observation. Once you set up the EA and let it run for a few days or more, I'm sure pretty soon you would see clearly how the STEPS and many other settings works. In short, there is no shortcut, you just need to do the hardwork yourself to learn and find out how this EA or any other EA works (or not work). Of course it would be great if there is a EA manual available. But there isn't any. Too bad but that's the reality.

Hope that helps.

 

[henryjove]

Sorry to say this but I don't think you would survive for long by using STEP of 1. The default is set at 15 which I think is already a bit risky. For your info, NexusFX has changed to 20 in his settings which I think is better and safer. There is no problem asking questions. It's just that not everyone has the time to respond to the same question over and over again. It's just my advice and suggestion for you to read past posts for your better understanding. That's how everyone learn from each other and others. We all went through the same thing. So I hope you'll learn more as you follow and read the posts. You don't need to read every post if you don't have plenty of time. Just scroll up and read some that you think are helpful for you. I think NexusFX's posts are quite helpful in my opinion. You may do a search for his posts for your info and learning. Feel free to chat with him if you like. Anyway, up to you to decide what you want and do. No problem.

Just a short answer for you, STEP in my understanding is used for opening a new trade whenever the trend is going against you. If you set STEP to 30, then every 30 STEPS (or pips) in drawdown the EA will open another trade to try to recover your losses. The closer your STEPS, the more trades will be opened when the trend goes against you and that would definitely put you in huge danger and risks. Imagine when you set STEP value at 1, when the trend is moving against you in 10 STEPS/PIP, you will have 10 opening trades, and if the trend continues to move against you with another 20 to 30 pips, what would happen next? I think you would know the answer very well.

Last but not least, for your info that there is no admin or EA owner or user being assigned here to answer any questions. So if you really want to save some time for better learning, please do start reading posts shared by others or else, well...yes, you could ask a bunch of questions but there could be no one to respond to you. It happened to me and many others and I'm sure it could happen to you too. If you don't believe me, just go ahead and browse through many other channels in this forum and I think you would see similar things happened. Questions after questions asked without answers given. It's just simply the fact. No offense please.

One more thing, the other way to learn is observation. Once you set up the EA and let it run for a few days or more, I'm sure pretty soon you would see clearly how the STEPS and many other settings works. In short, there is no shortcut, you just need to do the hardwork yourself to learn and find out how this EA or any other EA works (or not work). Of course it would be great if there is a EA manual available. But there isn't any. Too bad but that's the reality.

Hope that helps.

thanks bro I understand now why it opened few trades with only 1 pip difference. I was confused between a step and trailing step. Now i have set my step higher. thanks

 

[henryjove]

No he was not talking about "trailing steps" but "steps". Please read carefully and try to understand slowly.

Thanks the post you shared he was indeed talking about Steps. thank you. I had previously read a post from him about trailing steps. Thought you were pointing to the same post.

 

[henryjove]

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.

One like to thank you and appreciate the supportive community you are building . Including Chhog and Cphan too.

The life changer EA seems to have so much potential as I see as compared to the Fx Stabilizer. The risk management for fxtabilizer is already inbuilt , no provisions for SL , TP or trailing stops. I think its a mess.

I see you talked about the news aspect.

The wallstreet Asia EA seems to have all of that built into it but i have not been able to use it yet.
I opened it up in a demo yesterday it did not trade and it seems it also affected my Life changer EA from trading the London/US market today

 

[henryjove]

yes, this ea uses classic martingale with averaging...

View attachment 454

I think it depends on the settings you use right ? I can imagine the martingale would be if your multiplier is greater than 1 right?

 

[henryjove]

It is a martingale system. When in loss it adds a 11% bigger trade against the trend, any 20 pips up to 50 times.

I see several people testifying it's a martingale system.

So this means if trade is lost it opens in opposite direction with an addition. My question is that, is this the entire logic of this EA?
Is it not supposed to open a trade based on the next best available signal based on its algorithm ?

I wonder whey people say it works just by Martingale, I know most Eas have multiple indicators being used to enter trades.
I think the martingale is just an option.

 

[henryjove]

Martingale ea is not always bad. You just need to know how it works and pay attention to it.

I think it won't use any martingale if the multiplier is set to 1. I prefer to manage my risk to reward by increasing TP slightly than SL. What about you guys ?

 

[henryjove]

start from $200 now its $487 after two month but its very risky.
reduce the total trading value (default 50 :O) imagine .01*50

I think if the account size is big enough like 1k and can actually handle 0.5 lot at a total margin which is below 10% thats cool, leverage 1:500.
Considering that the lot size is set at 0.01 then it reaches 0.5 likely after the 50th failed trade which very unlikely

 

[henryjove]

start from $200 now its $487 after two month but its very risky.
reduce the total trading value (default 50 :O) imagine .01*50

Am actually trying to understand what it means by trades both sites.
Reading all posts in this thread to learn .

Would it be something, like maximum number of times it can hedge on specific trade before closing the sequence?
Or its simply the number of times it can try to get in on a better price on the same side (maybe buy) before reversing to sell trade?