WHAT IS WAKA WAKA EA MT4?

The Waka Waka EA MT4 is a trading robot created by Valeriia Mishchenko of Valery Trading. It is highly regarded as one of the top trading robots available on the MQL marketplace, a well-known platform for expert advisors. The Waka Waka EA employs a sophisticated grid system that has demonstrated its effectiveness on live accounts over the years. In contrast to many other systems, it is engineered to capitalize on prevailing market inefficiencies rather than relying solely on grid trading.

Vendor website: https://www.mql5.com/en/market/product/66317

Original Price: $2200
ForexEAstore.com Price: $14 (Discount 99%)

Key Features

The standout attributes of the Waka Waka EA MT4 encompass:

• Developer Valeriia Mishchenko: Crafted by the skilled developer Valeriia Mishchenko of Valery Trading.
• Impressive Ranking: Holds a prominent position among the leading trading robots featured on the renowned MQL marketplace for expert advisors.
• Exceptional Growth: Demonstrates an outstanding performance record, with a remarkable account growth of over 7300% in 5 years.
• Automated Forex Trading: Empowers users with the capability to engage in automated trading within the Forex market.
• Proven Track Record: Boasts a live track record spanning 4.5 years, showcasing consistent trading results with minimal drawdown.
• Advanced Grid System: Leverages an advanced grid system that has proven its effectiveness on genuine accounts over an extended period.
• Currency Pair and Timeframe: Tailored for AUDCAD currency pair quotes with a M15 timeframe, it independently assesses the market and initiates trades across three currency pairs: AUDCAD, NZDCAD, and AUDNZD.

WAKA WAKA EA MT4 Features

• Single-Chart Configuration: Simplifies trading by requiring just one chart for all symbols.
• Supported Currency Pairs: Compatible with AUDCAD, AUDNZD, and NZDCAD.
• Preferred Timeframe: Suggested timeframe is M15.
• Robust Backtest and Live Results: Demonstrates strong performance in both historical testing and real-time trading.
• GMT Adjustment Not Required: Eliminates the need for GMT adjustments.
• User-Friendly: Requires minimal effort, with clear instructions provided in just three lines.
• Cost-Effective: Offers affordability compared to high-quality alternatives in the market.

WAKA WAKA EA MT4 Reviews

How to install WAKA WAKA EA MT4?

Setup Instructions:

• Attach the EA to a single M15 chart; AUDCAD is the recommended pair.
• If your broker uses a suffix (e.g., AUDCAD.a), update the symbol names in the “Symbol” parameter.
• Use the recommended currency pairs only; no .set files are required as all settings are stored internally in the EA.
• Enable the EA to access the news list website and time server for proper news filtering and time detection functionality. Follow this guide for assistance (from 1:00 to 2:05).

Requirements:

• The EA is not sensitive to spread and slippage, but using a good ECN broker is advisable.
• The EA should run continuously on a VPS.
• With a leverage of 1:30, it’s recommended not to use risk settings higher than “Low Risk” on an account with less than $6,000. With 1:100 leverage, it’s acceptable to use “Significant Risk” settings on a $1,000 account.

Money Management (MM) & Risk Settings:

• “Allow Opening a new Grid” controls the opening of new grids; it doesn’t affect existing grids.
• “Lot-sizing Method” allows you to choose your lot sizing method:
  • “Fixed Lots” uses the lot size set in the “Fixed Lot” parameter.
  • “Dynamic Lots” uses the lot size determined by the “Dynamic Lot” parameter.
  • “Deposit Load” calculates lots based on a percentage of the deposit in the “Deposit Load %” parameter.
  • Four predefined presets automatically calculate risk for you.
• “Fixed Lot” sets the trading lot for the initial trade.
• “Dynamic Lot (Balance/Equity based)” determines the balance/equity used per 0.01 lot.
• “Deposit Load %” specifies the percentage of the deposit used for the initial trade.
• “Maximum Lot” sets the maximum allowed trading lot.
• “Maximum Spread, in pips” defines the maximal allowed spread.
• “Maximum Slippage for a non-ECN acc, in pips” is the maximum allowed slippage.
• “Maximum Symbols at a time” sets the maximum number of symbols that can be open simultaneously.
• “Allow Hedging” controls multi-directional trades on the same symbol.
• “Allow Trading on Holidays” enables or disables the Christmas/New Year trading filter.
• “Allow to Buy/Sell” toggles Buy/Sell trades.
• “Maximum Drawdown Percent” specifies the percentage at which the EA will close open positions.

Strategy:

• “Symbols” lists symbols separated by commas (custom if empty).
• “Bollinger Bands Period” defines the period for BB used to calculate upper/lower levels.
• “RSI Period” determines the RSI period used for filtering out trades with low potential.
• “Maximum RSI Value” sets the value for the RSI filter.
• “TakeProfit for Initial Trade, in pips” is the take profit for the initial trade (if no grid trades are open).
• “TakeProfit for Grid, in pips (weighted if zero)” is the take profit for the grid; if zero, it’s based on the initial order’s TP in money.
• “StopLoss for Grid, in pips (1000 pips if zero)” is the stop-loss for the initial/grid trades.
• “Hide StopLoss” controls the visibility of the stop-loss.