Profitable EA Life Changer EA Full Version

[cchong]

Dear all,
I'm done with Life Changer EA. Not good in my opinion. After testing for three months or so for this strategy, I only got tiny profits (roughly 1.26% monthly profits with 0.05 lot used on a $10000 demo account, max drawdown 20% or so, at one time the maximum of concurrent trades was 28 opening trades which was pretty risky, by the way if I'm not mistaken I was using the default setting for my tests. I have also tried 0.1 lots but at one time it just got too risky and blew the account. That's why I reduced it to 0.05 lot. I was using 1:1000 leverage. Imagine if your leverage is only 1:500 or lower, I think your max drawdown would be much bigger. And if you want to increase your profits by using 0.1 lot with $10000 account, then yes you could surely increase your profits but your risks would also increase significantly too. Not recommended.) Anyway, perhaps some other traders could find better settings with this EA, not me, I have tested this EA for more than two years now with many different settings, so far I think 0.05 lot use for a $10000 account looks okay for now but only with a monthly profit of 1% to 2%. I think it's time for me to leave now and move on. Bye everyone. All the best to your EA tests. Whatever you do, just learn to be safe and keep safe as always. May God bless you all and take care. bye.

 

[henryjove]

Well said, safety first and profit second...

Hi guys and gals,

Intro

My first post here.
I’m a veteran trader, with 10 years of experience in EA trading and about 100k hours of screentime under my belt.
Using (amongst others) Life Changer EA during the last 4 years I have traded my main account from 5k up to 25k.

General observations

Before going into details about the pairs, chart timeframe and other settings I have been using for the Life Changer EA, a couple of observations based on reading and re-reading the 110 pages of this thread.

• Many 90% rule traders. If you don’t know what the 90% rule is in forex, Google it
• Many people posting in this thread lack the most basic education.
  They don’t seem to know what an average daily range is, don’t know how to calculate the pip value for a forex pair based on position size, don’t know margin requirements, etc. etc.
  One word of advice, “Babypips” has an excellent comprehensive free education. Go study.
• Many traders have unrealistic expectations.
  Watch Lambo Raul videos on Youtube and you’ll see what I mean.Forex trading is a marathon, not a sprint.
  Folks expecting an ROI upwards of 5% per month will most likely blow their account.
• Many traders are undercapitalized. You need serious money to make serious money.
  Alternatively, if you don’t have “serious money”, you will at least need to be very patient.
  There’s nothing wrong opening a 5 USD cent account, but don’t expect to turn that into a 100 USD (cent account) in a year…

My Life Changer EA settings

Pairs: AUDCAD, AUDNZD, NZDCAD
Why these pairs? Look at the pairs traded by similar grid expert advisors such as North East Way, Waka Waka, Hundred Eggs. The ”DNA” of these 3 pairs (daily range, swings, pullbacks) makes them very suitable for grid trading.

Timeframe: M30
Not too quick (M15), not too slow (H1) for me.

Fixlot
0.01 per 500 capital

Step: 40
This represents (at the time of writing) approx. 80% of the daily range of the pairs I am trading

Takeprofit: 30
This will give a profit factor between 2.30 and 2.50.

Multiplier: 1
Anything above 1 is martingale (be it soft or hard martingale) and will blow up your account.
It' s not a question of if, but WHEN it blows up. The only “right” way to using martingale and grid trading in general is by controlling the downside.
That means using an equity stop/max drawdown of X%.
Using a multiplier of 1 is a trading technique employed by some institutional traders. It’s also known as cost averaging.
The advantage of cost averaging – as opposed to martingale - is that your account will be able to withstand much larger sustained movements.
Using multiplier 1 and 1 microlot per 500 capital, by the time it opens the 8th trade in a grid the drawdown is 15%.

Stoploss: 280
Why 280 pips? Simple. By the time the Life Changer EA opens the 8th trade in a grid, the first trade is 7 x 40 pips = 280 pips in drawdown. That means a 5-day sustained solid drop (or rise) at 100% of the ADR, without sufficient pullback to get out. By this time, I’m in a 15% drawdown, which I consider my max acceptable drawdown. So far (4-year period) the max number of trades in a grid I’ve had has been 6.
Maybe there’ll be a day it gets to 8, which means I’ll incur a 15% loss of capital.

Trailstop: 10
Trailstep: 1

Max pairtrades: 2

ROI

These setting will yield an average of 3% per month.
To give you an idea of compounding at 3% ROI per month:
500 USD starting capital * (1.03 ^ 12) = USD 712 capital end of year 1
500 USD starting capital * (1.03 ^ 24) = USD 1016 capital end of year 2
Doubling your account in 2 years time isn't so bad, is it? Go talk to your bank manager, ask him what interest rate he'd offer you for a 2-year USD 500 depo...

There’s a myfxbook account (it's not my account), that has been running the Life Changer EA using exactly these settings and pairs for more than a year.
Search for “life changer” in the systems section and you’ll find only 1 system running on an ICMarkets demo account with a RoMaD of 10. The user is “Tortellini”.

Trade safely!

thanks for sharing your journey. If i may ask, how does the trailing work in this ea? is it trailing per trade or per group of trades in the grid?
Just wondering what happens when one trade is closed in grid which was to help recoup the other trades in case the trail works per trade.

 

[Letsgetit]

Dear all,
I'm done with Life Changer EA. Not good in my opinion. After testing for three months or so for this strategy, I only got tiny profits (roughly 1.26% monthly profits with 0.05 lot used on a $10000 demo account, max drawdown 20% or so, at one time the maximum of concurrent trades was 28 opening trades which was pretty risky, by the way if I'm not mistaken I was using the default setting for my tests. I have also tried 0.1 lots but at one time it just got too risky and blew the account. That's why I reduced it to 0.05 lot. I was using 1:1000 leverage. Imagine if your leverage is only 1:500 or lower, I think your max drawdown would be much bigger. And if you want to increase your profits by using 0.1 lot with $10000 account, then yes you could surely increase your profits but your risks would also increase significantly too. Not recommended.) Anyway, perhaps some other traders could find better settings with this EA, not me, I have tested this EA for more than two years now with many different settings, so far I think 0.05 lot use for a $10000 account looks okay for now but only with a monthly profit of 1% to 2%. I think it's time for me to leave now and move on. Bye everyone. All the best to your EA tests. Whatever you do, just learn to be safe and keep safe as always. May God bless you all and take care. bye.

Hey man, how's going. I get it. Trust me I do. Been at this for a solid year now, testing it. I've recently learned that the Life Changer is more of a "seasonal" type of ea where if the markets are trending, you'll make a quick buck. I'm still on it and actually doing it counterproductively, where you let it run on a high lot size for a bit, then pause the trading for some time, make a withdrawal, then run it up again when you don't see a lot of high impact news for the week. It's a lot more manual but can be done. I never recommend using your own money. Get on a prop firm and try it out if you have the funds and ready to go. Much better than using your own money in my opinion. Send me a DM and lets talk

 

[cchong]

Hey man, how's going. I get it. Trust me I do. Been at this for a solid year now, testing it. I've recently learned that the Life Changer is more of a "seasonal" type of ea where if the markets are trending, you'll make a quick buck. I'm still on it and actually doing it counterproductively, where you let it run on a high lot size for a bit, then pause the trading for some time, make a withdrawal, then run it up again when you don't see a lot of high impact news for the week. It's a lot more manual but can be done. I never recommend using your own money. Get on a prop firm and try it out if you have the funds and ready to go. Much better than using your own money in my opinion. Send me a DM and lets talk

Thanks very much for your kind feedback and sharing. Anyway like I've said earlier, I'm pretty much done with this EA and have decided to move on somewhere else. Thanks though for the comments and suggestions. Appreciated for everything. May God continue to bless you and everyone in this channel for all your hardwork and sharing, do keep up the good work and take care

 

[tejaschaudhari00]

Thanks For sharing Thank you so much for sharing this EA as I was looking for it for months.

 

[DH1000]

is it possibke to back test this EA yet or is it still blocked >

 

[cultabi]

yes.. this ea works only when there is no big movement in the market. 1000 usd turned to 3000 usd and now all wiped out..... A lot of manual work is required to succeed with this EA.

 

[buickiran]

it sounds good EA i'm gonna try it next week i hope it works well

 

[drewski1980]

Hey man, how's going. I get it. Trust me I do. Been at this for a solid year now, testing it. I've recently learned that the Life Changer is more of a "seasonal" type of ea where if the markets are trending, you'll make a quick buck. I'm still on it and actually doing it counterproductively, where you let it run on a high lot size for a bit, then pause the trading for some time, make a withdrawal, then run it up again when you don't see a lot of high impact news for the week. It's a lot more manual but can be done. I never recommend using your own money. Get on a prop firm and try it out if you have the funds and ready to go. Much better than using your own money in my opinion. Send me a DM and lets talk

That sort of result really isn't worth the time!!

 

[swamifx2]

I got the MQ4 Version of this EA, hope to convert it to MQ5 and run it in MT5, hope to complete this by this month end.

 

[shanmugapradeep]

I got the MQ4 Version of this EA, hope to convert it to MQ5 and run it in MT5, hope to complete this by this month end.

If it not Chinese version, upload here. i will convert and upload on this forum back

 

[Lucia_CM]

Hello All,

This post is to let you all know, I will provide the Life Changer EA Full Version for FREE to whoever is very active in this Forum and posting good contents and messages. Our moderators will view the posts/messages and will grant the EA for the genuine users. All you have to do is be very active in the forum by posting new threads/messages which is useful to the Forex Industry.

Thanks for your sharing I will test

 

[Megavatio]

Si no es la versión china, cárguela aquí. Lo convertiré y lo subiré a este foro nuevamente.

What the hell!
Is there a Chinese version?
And that Chinese version.... Does it work correctly?

 

[entemena]

Thank you, is this only for demo account ? ill try to use my first EA like this

 

[Osas1234]

Thanks very much for your kind feedback and sharing. Anyway like I've said earlier, I'm pretty much done with this EA and have decided to move on somewhere else. Thanks though for the comments and suggestions. Appreciated for everything. May God continue to bless you and everyone in this channel for all your hardwork and sharing, do keep up the good work and take care

Agreed. This is not a get rich quick EA. Patient is the key

Please help me with your contact

 

[cchong]

Please help me with your contact

Sorry I can't help you anymore coz I'm done with this EA and no more using it. You gonna have to rely on other people in this channel for help on this EA. All the best to you then. Take care and God bless. bye

 

[dadangsam]

Is this Martingale or Grid?

itis grid, but we can set the lot size for marti

 

[LionWrz]

wow thanks so much, I'll try it! again thank you so much

 

[Letsgetit]

Cchong is right y’all. This Ea has been my life for sometime and lost hope. Funny how me and him stopped using the life changer at around the same time….

Yes the EA can make profit in 2 weeks, 4 weeks, 6 we…oh it blew up the account. FYI. Happens a lot for almost 1.5 years now and I’ve relied on testing out other EA’s with an extremely low lot size. Big piece of advise for anyone using EAs, gotta let it work the drawdown, in general, if it’s a martingale like the Life Changer EA.

If y’all can test it out, cool. Let us know. I’ve done everything from changing lot size, step size, multiplier, SL, TP, currency pairs, different brokers, VPS’s, turning off or leaving news on (High and Medium impact), manually turning it off for a bit after some wins, etc. I’ve done it all and have unfortunately lost hope.

Good luck and I wish y’all nothing but the best

 

[dragonheartjo]

Nice thanks for the good group and forum, keep the good work