What's new

Permission errors

  • Permission 'viewOthers' unknown for content type 'node' (src/XF/Entity/User.php:1278)
  • Permission 'viewOthers' unknown for content type 'node' (src/XF/Entity/User.php:1278)
  • Permission 'viewOthers' unknown for content type 'node' (src/XF/Entity/User.php:1278)
  • Permission 'viewOthers' unknown for content type 'node' (src/XF/Entity/User.php:1278)
  • Permission 'viewOthers' unknown for content type 'node' (src/XF/Entity/User.php:1278)
  • Permission 'viewOthers' unknown for content type 'node' (src/XF/Entity/User.php:1278)
Top Forex Forum | Get Forex Trading Strategies & Feeds | Forex Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Profitable EA Life Changer EA Full Version

3.10 star(s) 179 Votes
Hi, with regards to the settings of this EA, although I am still in the midst of finding the best settings that works well for myself, just for your info that I did receive one settting shared by one EA user that claimed to be able to generate a monthly profit of around 6% or so safely for a much longer period of more than 2 years. Here are his settings for your info and reference as follow:

Time Frame: M15

Currency pair: EURUSD (Note: actually it doesn't matter which currency pair you attach on the chart, this EA does not depend on the currency pair attached to the chart. It is a multicurrency EA (therefore you cannot backtest this EA for backtesting only works for single currency pair EA) and it will only place trades according to all the currency pairs that are listed inside the EA parameters. Just make sure that you attach just ONE currency pair of your choice on ONE single chart of your MT4 platform, and the EA will do its job to make decisions of selecting which particular currency pair to trade at any specific time according to its own sets of unknown algorithms.)

Settings:
Fixed Lot: 0.01
Multiplier: 1.11
Step: 20
Stoploss: 0
Trailing Step: 9.0
Max Trade each side: 50
Max Pair Trade: 2
3 other additional currency pairs were added into the EA parameter: GBPCHF, EURCAD, AUDNZD.
The rest of the settings remained as default.

Note: Although I don't know what is his account balance used for this EA. Anyway, my own recommendation for better safety would be to either use $10000 with a standard account or $100 with a cent account which would turn your $100 into 10000 cents and use a lot size of 0.01 for your trades. (bear in mind that with such lot size used, your profits would not be very large, therefore you risks would also be smaller too. The purpose is to control your risks so that your profits could hopefully be better secured in the long run.)

For leverage I would recommend to use 1:1000 "fixed" and not "floating" leverage. It's not recommended to start any live account testing with any EA that you are not yet familiar with. The best way is to always start with a demo account or several demo accounts with different settings for your own observations and learning journey. Wait for a few months (or even more if you prefer to be safer) later to see how the strategy works and how the result goes, then decide on whether you would like to make any further changes to it for better safety and/or results. Only consider to start a live account testing after you are pretty sure that demo testing results match well with your expectations and plans.

Last but not least, this is just a sharing of one trader's own strategy and settings of using this EA. Let me make this crystal clear that I myself DO NOT have any single proof of whether this strategy would really work well for myself and others or not. Therefore, please treat this only as a reference or info for yourself. You may feel free to test it if you wish to but at your own risks. Do not try to blame others if you have failed after trying any kind of strategy mentioned or suggested by others. I believe each one of us would have to learn to take our own responsbility and make our own decisions. The market is always changing and could become very unpredictable at times. What worked well in the past does not always mean that it would also work best in the present and the future. In short, trading is always risky and you could possibly lose money at any point of time. There is no such thing as 100% guarantee success for any strategy or settings used. What else can I say? Dear traders, welcome to the real world of trading. Pray and hope for the best and at the same time, prepare for the worst. Simple as that.

Okay I guess that's all from me for now. Hope that helps. Wish you and everyone all the best in your EA testing, take good care and God bless you all:)

Regards,
Chong.
thank you for this information
 
hi how is it possible to get a copy of this?
thanks
Just go to the first post of this thread and you would definitely see the EA files shared by the owner of this thread. Simply click to download it and use at your own risk. If you can't download it, that means you are a brand new and unsubscribed member of this website. If so, then you will need to patiently post at least 10 comments (if I'm not mistaken) in this website in order to become eligible to start downloading your first EA, or you can simply choose to subscribe to VIP membership by paying a fee which will qualify you to download as many EA as you like to in this website and also you would be able to post anything you like such as to promote marketing info with website links without any limitation. Without subscribing to VIP membership, you are limited to only able to download some EA and posting comments but you are not allowed to provide any link to any website including myfxbook to show trading results or any info that you would like to share with others through any website link, and you are also not allow to be in contact with any other member of this website through email or any way you wish to. What can I say, welcome to the land of money. No money no talk. Pay to get your VIP membership or else, there is not much you could do in this forum. Simple as that.
 
Last edited:
I've had my version on a real account since April 2020 and all good, returns circa 6% PM using the .set file i provided. DD can get to 20%-25% but comes out the other side.

I've seen/used a few EA's and this one is the consistent one for me.

Attached it again if anyone wants it - it has a guide to install too, so just do that, then load the set file
 

Attachments

I've had my version on a real account since April 2020 and all good, returns circa 6% PM using the .set file i provided. DD can get to 20%-25% but comes out the other side.

I've seen/used a few EA's and this one is the consistent one for me.

Attached it again if anyone wants it - it has a guide to install too, so just do that, then load the set file
Thanks very much for sharing. Correct me if I'm wrong, in order for your set files of capable to earn a 6% monthly profit, the lot size for a $1000 account should be set to 0.01 lot and the lot size for a $10000 account should be set to 0.1, correct?
 
I've had my version on a real account since April 2020 and all good, returns circa 6% PM using the .set file i provided. DD can get to 20%-25% but comes out the other side.

I've seen/used a few EA's and this one is the consistent one for me.

Attached it again if anyone wants it - it has a guide to install too, so just do that, then load the set file
thsnk you for sharing
 
Thanks very much for sharing. Correct me if I'm wrong, in order for your set files of capable to earn a 6% monthly profit, the lot size for a $1000 account should be set to 0.01 lot and the lot size for a $10000 account should be set to 0.1, correct?

Hello,

Indeed, for £1000 you would use 0.01, £2000 0.02 etc etc

It does tell you this in the guide that is with the package :giggle:
 
Dear all, for your info, please find the two attached screenshots of the result produced by this EA (after testing for almost two months plus) with the following settings used:

Deposit: $10000
Leverage: 1:1000
Time Frame: M15
Currency pair: EURUSD (actually it does not matter what currency pair you attach on the MT4 chart, just make sure that you attach only ONE currency pair on the MT4 chart, then the EA will trade with multicurrency pairs according to the currency pairs that are listed in the parameter settings.)
Settings:
Fixed Lot: 0.1
Multiplier: 1.11
Step: 20
Stoploss: 0
Trailing Stop: 9.0
Max Trade each side: 50
Max Pair Trade: 2
Currency added in the parameter settings: GBPCHF, EURCAD, AUDNZD.

The rest of the settings remained as default.

Things to take note:
1. Account Leverage Size
Please try to use a large leverage for your better safety. As some of you would notice from one of my screenshots, the maximum drawdown percentage of my $10000 account with such a large leverage of 1:1000 used is 34.20% which is considered to be risky (this happened because recently the USDJPY pair had suddenly turned extremely volatile and ended up with a total of 17 sell trades placed by the EA that had actually blew up one of my live account which is sad but true). Imagine if your account is using a much smaller leverage, I don't think you could survive when there is a huge or big trending movement happening with any of the currency pairs.

2. Lot size
Be very careful not to use the wrong lot size for your account. A lot size that is too big could easily get your account blown in no time.
You could use 0.1 lot for a $10000 account and 0.01 lot for a $1000 account. However, if your account balance is smaller than $1000, then you cannot use any kind of standard account or even ECN account. If so, you would need to use a CENT account (please check with your broker as not every broker has CENT account offered for their clients) in order to survive with this EA. e.g., if you only have $100 and now if you use a CENT account, it would then turn your $100 into a 10000 cents account. By doing so, you can then use 0.1 lot to trade for your 10000 cent account.

Okay that's all from my sharing. Hope that helps. Wishing you all the very best in your testing and trading. Whatever you do, try to be safe and stay safe as always. Take good care everyone and God bless:)


2022-03-25 Screenshot 1 (daily 0.43%,monthly13.70%, max DD34.20%).jpg2022-03-25 Screenshot 2.jpg
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Similar threads

Users Who Are Viewing This Thread (Total: 2, Members: 0, Guests: 2)

Back
Top