Waka Waka EA MT4 V4.43 (working build 1420)

What is Waka Waka Expert Advisor?

The Waka Waka Expert Advisor is a sophisticated trading robot designed to navigate the forex market with precision and strategic acumen. Aimed at addressing the core challenges faced by beginners, such as the daunting task of making profitable trades amidst market volatility, this EA offers a beacon of hope. It stands out by leveraging an advanced grid system, not merely to fit historical data but to exploit market inefficiencies for real gains. This approach directly tackles the beginner’s pain point of finding a reliable, low-risk investment strategy in the forex market.

• Official website: https://www.valerytrading.com/products/waka-waka
• Price: $2600
• Discount from mqlShop: $39.99

Key Takeaways:

• Addresses Beginner Challenges: Simplifies forex trading for beginners by automating decision-making processes.
• Low Drawdown: Ensures stable trading with minimal risk, making it ideal for those new to forex trading.
• Live Track Record: Over 4.5 years of proven performance, offering peace of mind to users.
• One Chart Setup: Makes it easy to start trading without the need for complex configurations.
• No Need for Constant Monitoring: Ideal for beginners looking for a hands-off investment approach.

Key Features:

• Supported Currencies: The Waka Waka EA is optimized for trading on specific currency pairs, including AUDCAD, AUDNZD, and NZDCAD, offering a focused and strategic approach to forex trading.
• News Filter: Incorporates a sophisticated news filter to avoid trading during high-impact news events, reducing risk and protecting against market volatility.
• GMT Offset: Automatically adjusts to the correct GMT offset, ensuring that trading strategies are executed at the optimal times based on market conditions and broker server times.
• High-Risk Settings: Offers the option for high-risk settings for traders seeking higher returns, while also providing tools and options to manage and mitigate risk effectively.

Waka Waka Expert Advisor Strategy:

• Advanced Grid System: Utilizes an advanced grid trading strategy that doesn’t solely rely on historical data but aims to exploit market inefficiencies for profit.
• Market Mechanics Utilization: Designed to leverage real market behaviors and trends, ensuring the strategy remains relevant and effective in dynamic market conditions.
• Risk Management: Incorporates built-in risk management settings, allowing users to adjust the EA’s operation according to their risk appetite, from low to significant risk levels.
• Multiple Currency Pairs: Focuses on specific currency pairs (AUDCAD, AUDNZD, NZDCAD) known for their stability and potential for profitability, enhancing the strategy’s effectiveness.
• One Chart Setup: Simplifies operation by requiring only one chart for trading all supported symbols, making it user-friendly and efficient.
• No Need for Constant Adjustments: The EA is designed to work without the need for constant tuning or adjustments, making it ideal for both beginners and experienced traders.
• News Filter and Time Detection: Features functionality to adjust trading based on news events and accurate time detection, minimizing risk during high volatility periods.
• Dynamic Lot Sizing: Offers various lot-sizing methods, including fixed lots, dynamic lots, and deposit load, allowing for flexible capital management.
• Customizable Grid Settings: Provides options to adjust grid settings, such as trade distance and trade multipliers, tailoring the strategy to different market conditions and volatility levels.
• Technical and Fundamental Analysis Combination: Employs a blend of technical analysis (using indicators like Bollinger Bands and RSI) and fundamental analysis to make informed trading decisions.

Waka Waka EA Settings and Setup:

Settings:

• Waka Waka EA Settings: The EA comes with a range of customizable settings, allowing traders to tailor its operation to their trading style, risk tolerance, and market outlook.
• Best Settings: While the “best” settings can vary depending on market conditions and individual preferences, the EA provides guidelines and recommendations to optimize performance for different scenarios.
• Set File: Users can easily apply recommended settings or their customized configurations using the EA’s set file, simplifying the setup process and ensuring consistency across trading sessions.
• Setup: The Waka Waka EA is designed for easy setup, requiring attachment to only one M15 chart (AUDCAD recommended) for trading all supported symbols. It emphasizes a user-friendly approach, making it accessible even to those with limited trading experience.

Video Guide how to use Waka waka ea:

Additional Setup Tips:

• Symbol Names: If your broker uses a suffix (e.g., AUDCAD.a), update the names in the Symbol parameter to match.
• News and Time Server Access: Ensure the EA has access to the news list website and time server for the news filter and time detection functionality to work correctly. A guide is provided for setting this up.
• Broker Recommendations: While the EA is not sensitive to spread and slippage, using a good ECN broker is advised for optimal performance.
• Risk Management: The EA includes settings for opening new grids, lot-sizing methods (including fixed lots, dynamic lots, and deposit load), and maximum allowed trades, spread, and slippage, enabling comprehensive risk management tailored to your preferences.

By leveraging these features and settings, the Waka Waka EA aims to provide a robust and adaptable trading solution, catering to a wide range of trader needs and preferences, from those seeking conservative, risk-averse strategies to those willing to embrace higher risk for potential higher returns.

Waka Waka Recommendations:

• Platform: MetaTrader 4 or 5
• Currency Pairs: AUDCAD, AUDNZD, NZDCAD
• TimeFrame: M15
• Minimum Account Balance: $1000 for significant risk settings; $6000 for low risk with 1:30 leverage
• Preset: Not required; settings are internally stored
• VPS: Recommended for continuous operation
• Broker: Good ECN broker advised for optimal performance

Waka Waka Expert Advisor Review:

In our experience, the Waka Waka EA has lived up to its promises, delivering stable and profitable trading outcomes with low drawdown. While employing it on a beginner’s account, we observed a consistent performance that aligns with the developer’s claims. It’s important to note, however, that like any trading tool, there’s a risk involved, and it’s crucial to use settings that match your risk tolerance.

Waka Waka EA Results:

Live signal: https://www.mql5.com/ru/signals/995287?source=External

• Consistent Profits: Users frequently report achieving consistent profits over various market conditions, highlighting the EA’s effective strategy.
• Low Drawdown: Notable for maintaining a low drawdown, which is crucial for risk management and capital preservation.
• Long-Term Performance: Positive feedback on long-term performance, with some users reporting steady gains over multiple years.
• Adaptability: The EA’s ability to adapt to changing market conditions is often praised, suggesting it uses a sophisticated algorithm.

Waka Waka EA Reddit:

https://www.reddit.com/r/thecryptoshots/comments/192cl3s/discover_the_waka_waka_ea_your_ultimate_forex/ 

• Community Insights: Reddit hosts a mix of user experiences, with some traders sharing optimization tips and success stories.
• Technical Support: Threads on Reddit indicate that users seek and offer technical advice on settings and operation, fostering a supportive community.
• Mixed Reviews: As expected, discussions include a range of opinions, from highly positive endorsements to cautionary tales from less successful users.

Waka Waka EA Myfxbook:

https://www.myfxbook.com/members/MischenkoValeria/waka-waka-ea/8379251 

• Verified Accounts: Many users link to Myfxbook accounts showing verified trading results, providing transparency and proof of performance.
• Performance Metrics: Detailed analytics available on Myfxbook showcase the EA’s performance metrics, including profit percentages, drawdown, and win rates.
• Real-Time Tracking: Myfxbook’s real-time tracking allows potential users to see the EA’s performance under current market conditions, offering up-to-date insights.

Waka Waka EA Download:

• Link download expert: Waka Waka EA MT4 .ex4
• Presets

Download link, Installation guide will be sent immediately via email after your purchase, or you can directly download it from the website, under the section: My account -> Download.

Payment:

• Payment Options: PayPal, credit card, USDT TRC20, Binance Pay

Risk Warning:

• Forex trading is highly risky and can lead to the total loss of your investment; use Forex EAs cautiously and they cannot replace your trading decisions.
• Past performance is not a guarantee of future profits.
• Always test EAs on a demo account before applying them to a live account.