This Forex EA System called Life Changer EA is the tool that allows it to become profitable easily and achieve this result constantly with the help of automation. The main factors that characterize this EA, in terms of its needs, profitability and the process of its installation.

Forex EA System: Requirements

• Trading Equity: $200
• Lot Size: 0. 01
• Profit Percentage: 60% monthly
• Drawdown: 12%
• Currency Pair: XAUUSD or one of the major pairs
• Time Frame: On the other hand we have the 5-minute or 15-minute chart.

Important Note:

• VPS Required: Yes

How to Install

• Register with Exness Broker: Click here to register for the MT4 platform download.
• Open an ECN Account: Open an ECN account also with the Exness Broker by using the same link.
• Download the MT5 EA: Extract and download the MT5 EA file as seen below.
• Install on MT4 Platform: Here is the procedure to install the file that has been downloaded on the MT4 platform:
  -To do this go to File/Open Data Folder/MQL4/Experts.
  -Before that, you must copy the EA file into the folder with experts.
  -Relaunch the MT4 to start working on the EA.

Here are some tips to maximize its profitability: Here are some tips to maximize its profitability

• Backtesting: Before the actual employment of the EA on a real account do an efficiency test using historical data.
• Risk Management: The trader can consider choosing a different lot size and leverage that they are comfortable with to get an optimal risk-reward ratio.
• Regular Monitoring: Despite the EA successfully implementing the signals into a fully automated trading system, a manual review has to be made daily to find out whether we are trading as required by the market conditions.

Conclusion

The Life Changer MT5 EA is an excellent tool for individuals aspiring to transition to a more improved level of trading skill in the market. Once you meet the outlined specifications and follow all the installation procedures outlined here, then this EA can greatly help you meet the most crucial aspect of FOREX EA SYSTEM.