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Ya I think you've got a good point. Anyway, I think this guy (NexusFX) is quite an experienced forex trader and has been testing this EA for quite some time as he did share quite a lot of info that I think is worth to read about and learn from. here's his first comment just in case if you are...

Thanks for your comment. For your info, this is actually an EA (Expert Advisor) and not an indicator. An EA will automatically place trades on your behalf whereas an indicator won't be able to do so.

I see. I think another important factor would be with the leverage. The larger the leverage your account has, the better and safer your account would be when the trend is moving strongly against you. My recommendation would be 1:1000 if possible for better account safety.

One more thing about the currency pairs, for me I only used GBPUSD, GBPJPY and AUDUSD for the trading as another trader has shared his opinion that these 3 pairs seemed like performing quite well and safe in his previous tests of using this EA. I have actually created the preset and shared all...

Correct me if I'm wrong, I think the original version is in MT4 version. Someone with coding skills might have taken the mq4 version of the EA to modify it and made a MT5 version of it and shared it online. Anyway, whatever version it is, as long as it works well for the users then it's fine...

Agreed with you on the risks of using this EA.

Yes fully agreed with you on that. This EA could be very risky at times. I think one key thing is try to use a smaller lot size for your better safety. The other thing is the currency pairs. Some currency pairs could get extremely risky at times. At the moment, for me I just follow the...

Correct me if I'm wrong but, I think using 0.01 lot with $100 would definitely get your account blown in no time. From my past experiences of testing this EA, I think one would at least need a minimum of $1000 using 0.01 lot or you could also choose to use a very small amount of only $10 with a...

Well, from what I know, there isn't any autolot compound feature being buit on this EA. Maybe someone with EA coding skills could get the mq4 version of this EA and add in this feature if possible.

I see. Noted with thanks:)

Thanks for sharing. May I kindly know where you get this MT5 version of Life Changer EA? Are there any differences or changes of MT5 version and MT4 version? Furthermore, I wonder if anyone could or have added in a news filter for this EA, if so then it would be an improved version that could...

Thanks and glad to hear that. Well, wish you all the best in your EA search and tests. Take care and God bless.

I see....thanks for your input. Ya after seeing all the risks involved with this EA in all my tests, I do agree that it probably won't last long and could blow up accounts in the long run. Therefore, for anyone who are still interested in using this EA, please do make changes in your settings...

Ya I think similar things also happened with many EA users or promoters that showed huge profits result and yet when you see their initial deposit they usually also come with a huge balance too which is simply not possible for most of us to have. True enough in my opinion.

Perhaps please kindly allow me to just share my thoughts on this matter. I don't think there is any free trial given from Priya the thread owner and she probably can't do it too because she is not the EA developer or team. I guess you would have no choice but to go to the official EA website and...

I don't think so. If I'm not mistaken, I believe the official EA maker and team would already knew what thoughts the buyers might have in terms of trying to save money, therefore they would also come up with strategies and ways to prevent the possibility of having profit loss in selling their...

You're most welcome. Wish you all the best then. God bless and take care.

Here are my settings used for this EA demo test: 2022-08-18 Roboforex MT4 Demo Pro Acc (Life Changer EA) EA source: https://www.forexforum.co/threads/life-changer-ea-full-version.2226/ Deposit: $1000 Leverage: 1:1000 Time Frame: M15 Currency attached on MT4 chart: EURUSD Settings: Use Preset...

One more thing, never trust backtest results 100% for I have seen EAs that have shown crazy awesome results in backtests and yet when put on demo and/or live accounts, surprisingly they performed terribly bad instead. That's the fact that I've seen and I just thought it would be important to...

Agreed. Me too. Cheers.