Profitable EA the Life Changer EA V6 Unlimited

[jhurkz]

Good to hear that you share this EA, but is this a full version or trial only? Additionally, what is the percent draw down of the EA. any links for the historical data about his EA so that we can evaluate. thank you.

 

[Bremados]

Why its not working for back testing?
Is it multiple pairs EA?

 

[mnuh69]

Waiting for this great version, hope will make more profit with it.

 

[Tim009]

Thank you for sharing. Will definitely try it out. Thanks once again

 

[Michael Ogbonnaya]

Thanks for sharing this EA. I've been looking for this. Finally can download, test and use it live.

Thank you brother.

 

[luigi8]

Thanks for sharing. Any Demo or Real trading results?

 

[Alan103]

Look forward someone to share the results and setting

 

[Einsbern]

Is this a grid system EA? Just wondering why it's not working while doing backtest

 

[cchong]

Is this a grid system EA? Just wondering why it's not working while doing backtest

Correct me if I'm wrong. That's because it is trading with multi currencies and not just one currency. Backtest only works on one currency in my humble opinion. Hope that helps. All the best. Take care and God bless.

 

[smith88]

Thanks for sharing. I can test this EA in demo account?

 

[Alan103]

Is this a grid system EA? Just wondering why it's not working while doing backtest

The EA developed in multiple plair

Correct me if I'm wrong. That's because it is trading with multi currencies and not just one currency. Backtest only works on one currency in my humble opinion. Hope that helps. All the best. Take care and God bless.

Yes, Tested, Back Test Multi currencies not permissible

 

[Vikramz]

here the version 6 of the EA.
the Life Changer dont wok in backtesting and you should get forward test.

Tq for you time

 

[theodorekh]

Thanks for sharing. Martingale is good if coupled with good MM and news monitoring

 

[azerty11]

thanks for sharing this EA, looking forward to testing

 

[Seanxander]

Hope that someone can share their results in myfxbook

 

[yadayada]

how to forward test this one?

Thank you for sharing

 

[asuji]

Test for a month in a Demo account. It's multipair, so back test not possible. It's martingale, needs to be careful, has potential to double account in a short time as well as blow the account including profit and deposit.

 

[cchong]

Test for a month in a Demo account. It's multipair, so back test not possible. It's martingale, needs to be careful, has potential to double account in a short time as well as blow the account including profit and deposit.

Thanks very much for your comments. Agreed with you that this EA has the potential to double account as well as blow up account within a short period of time. Please do correct me if I'm wrong, if let's say you are using $100 as your balance, then I would assume that you are using a lot size of 0.01, am I right? The reason for saying that is because if you use 0.01 lot for $100 using a standard account and not a cent account, then the possibility of earning a lot within a short period is surely great. But at the same time, the possibility of blowing your account would be really soon. Therefore, for anyone who wants to be safer with this EA, my suggestion would be to use 0.01 lot for $1000 and not $100. If you don't have $1000, then you can use $100 with a cent account which turn it into 10000 cents and use a lot size of 0.1 for your trading, by doing so I think you should be much safer with your trading. Yet at the same time your profits would be much smaller too.

 

[EDWARD MONIAGA MO]

Is it martingale ? Thanks for sharing anyway

 

[cchong]

Is it martingale ? Thanks for sharing anyway

The answer for your question would be Yes and No. By default it is using Martingale method. However, if you set the mulitipler value to 0, then there won't be any Martingale strategy used anymore. But the thing is, just for your info that I myself have tried that method before in the past by setting the multiplier to 0 to turn off the Martingale strategy. The bad thing was that this EA kept placing so many trades (up to 15 trades!) and still can't even help to recover my previous lost trades, instead in the end it blew up my account because of too many opening trades which my margin became too low and unable to hold up all the opening trades.

Therefore, my advice for you or anyone else is not to set the multiplier to 0. By doing so, not only that you are not helping to minimize your risks, instead you are increasing your risks because the EA can't recover all your losses easily but instead it will keep placing lots of trades until it managed to recover your losses, which could end up like me of blowing up my account with 15 trades opening. Question is, what multiplier value should you set for this EA? Well, for me I set it to 1.5. By doing so, the EA won't need to open too many trades and therefore it is able to recover sooner. In my experience of using multiplier value of 1.5, the maximum number of trades that I saw opened was around 6 - 8 trades. But, for your better safety, you need to watch out for the account balance and the lot size that you use. If you use $1000 balance with a standard account, your lot size should be 0.01 lot and not 0.1 lot or else you could easily blow up your account pretty soon. If you don't have $1000 but only $100, then you need to use a Cent account to turn your $100 into 10000 cents and use a lot size of 0.1 for your trading so that you would be as safe as using 0.01 lot for a $1000 standard account. These are just my experience and info to share. Hope that helps. Wish you all the best in your tests. Whatever you do, please try to be safe (learn to manage your risks) and stay safe at all times. Take care and God bless.