The strategy I use is to limit trades so that only a certain % of my balance is at risk, and made some modifications in the mql4 code like only trading with the trend. Works way better, @trading_leader on telegram hmu for more info
The fast and rapid recent loss indicates it is a martingale EA and you could easily lose all your money one day out of nowhere as is the risk with all martingales.
Have you backtested?