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.
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.