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What you say is right. I know its risky. I normally trade only 0.1 for a 10k usd account. In this thread, some one suggested 0.04 lot for a 1000 usd account and hence i tried. Anyways thanks for your suggestion. Ill bring it down to 0.01 lot. Yesterday the EA has opened GBP JPY and GBP USD...
Yes i am aware of the risks. That is why i am testing it. The lot sizes were 0.04 for a 1k USD account. We cannot trust an EA blindly. We have to mange the risks properly to earn some consistent profit. There are many EAs out there which performs well for a short period. I am not sure about...
Actually Life EA is a copy of Life Changer EA. But added a few new things. 1) They have added an extra indicator to enter a trade. 2) There is an option called averaging. Which means, when there is an over all profit, it will close all the open trades that are in loss.
This is a cool feature...
you should use a mix of both (manual and EA Trading). If you do only manual trading, you might get more stress. If you do only EA trading, you might end up losing all your money. So, be smart and use both.