I assume this EA uses some sort of reversal strategy, when the market is far enough away from the SMA50, takes trade, there is no stop loss, if the outcome does not end well before closing the candle, it takes the next trade in the same direction ... the second, the third, the fourth trade in the same direction, as long as the overall score does not end up positively...
Or the trades will be positive, or it'll blow your account ...
It is therefore important that you have enough money on the account, that the EA setting is well done for the size of your account, and smartly selected TF...
The first week was very good, but last week it was awkward when I had 3 trade openings with about 150 euros in the minus on AUD/USD, my account was only 300 euros, but I was lucky, at the end of the day the joint result of these three trades ended with 3 euros in plus ... see the picture, blue rectangle...
Strong trends that may arise after high impact news can be potentially dangerous if you can use daily TF, I use 4H TF, as my broker ICMarket, does not open trade when I use daily TF ...
These are just my observations after 2 weeks of using this EA, if I said something wrong, I would ask lia786 to correct me ...