Table of Contents

What is Waka Waka EA?

Waka Waka EA is an advanced grid trading system. The system is designed to exploit market inefficiencies and has a live track record of stable trading. It supports multiple currency pairs and can be used on a M15 timeframe. The EA should be attached to only one chart, preferably AUDCAD. It is recommended to use a good ECN broker and run the EA on a VPS continuously. The EA has various risk settings and lot sizing methods. It also has options for hedging, trading on holidays, and setting maximum drawdown. The strategy uses Bollinger Bands and RSI for filtering trades. The grid settings include trade distance, smart distance, and trade multipliers. Other features include trade comments, info panel, and the ability to set “only long” or “only short” on specific pairs. The latest update includes enhancements such as disabling trades on the same side of a currency, displaying the next grid’s price and volume, and calculating levels from the initial trade. It also fixes issues with the news filter and adds a new backup URL for news and GMT detection.

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

Waka Waka EA

Original price: $2200

ForexEAs price: $23.99 (You save 99%)

Key Takeaways:

Waka Waka EA is an advanced grid system designed to exploit market inefficiencies and make profits by using real market mechanics.
EA is recommended to be attached to only one M15 chart, with AUDCAD being the recommended currency pair, and it is not sensitive to spread and slippage.
The latest version of the EA includes new features such as disabling trades on the same side of a currency, displaying the price and volume level of the next grid trade, and the option to set “only long” or “only short” on specific pairs.

Waka Waka EA Features / Setting

Used on platform: Meta Trader 4
Currency pairs: Attach the EA to a single M15 chart (AUDCAD is recommended).
Time frame: M15.
Update symbol names in the Symbol parameter if your broker uses a suffix (e.g., AUDCAD.a).
Use recommended currency pairs; no need for .set files as all settings are internally stored.
Single Chart Trading: Simplify your trading experience with just one chart to handle all symbols.
Multi-Currency Support: Trade multiple currency pairs effortlessly.
Robust Backtesting and Live Performance: Benefit from reliable backtesting results and real-time trading performance.
GMT-Free Setup: No need to adjust for GMT time zones.
User-Friendly: Get started quickly with clear, concise instructions.
Cost-Effective: Enjoy a cost advantage over other high-quality alternatives.
The EA is not sensitive to spread and slippage but performs best with a good ECN broker.
For accounts with 1:30 leverage, stick to low-risk settings if your account has less than $6000. With 1:100 leverage, you can use significant risk settings on a $1000 account.
Recommend use VPS (Click see here).

Waka Waka EA Review

Money Management & Risk Settings:

Allow Opening a New Grid: Toggle on/off for opening new grids; it won’t affect already open grids.
Lot-sizing Method: Choose a lot sizing method based on your risk preference, including Fixed Lots, Dynamic Lots (Balance/Equity based), Deposit Load (%), and predefined presets.
Fixed Lot: Set a fixed trading lot for the initial trade.
Dynamic Lot (Balance/Equity based): Determine the balance/equity to be used per 0.01 lot.
Deposit Load %: Specify the percentage of the deposit used for the initial trade.
Maximum Lot: Set the maximum allowed trading lot.
Maximum Spread (in pips): Define the maximum allowable spread.
Maximum Slippage for a non-ECN Account (in pips): Specify the maximum allowed slippage for non-ECN accounts.
Maximum Symbols at a Time: Limit the maximum number of symbols that can be opened simultaneously.
Allow Hedging: Decide whether to allow multi-directional trades on the same symbol.
Allow Trading on Holidays: Toggle on/off the Christmas/New Year trading filter.
Allow Buy/Sell: Enable or disable Buy/Sell trades.
Maximum Drawdown Percent: Set a percentage threshold for the EA to close open positions when the floating drawdown exceeds it.

Strategy Settings:

Symbols: Define symbols separated by commas (use custom if empty).
Bollinger Bands Period: Set the period for Bollinger Bands used to calculate upper/lower levels.
RSI Period: Specify the period for RSI used to filter out trades with small potential.
Maximum RSI Value: Define the RSI filter value.
Take Profit for Initial Trade (in pips): Set the take profit for the initial trade (applies if no grid trades are opened).
Take Profit for Grid (in pips, weighted if zero): Configure the take-profit for the grid. If zero, it’s weighted based on the initial order’s TP in money (not pips).
Stop Loss for Grid (in pips, 1000 pips if zero): Set the stop-loss for the initial/grid trades.
Hide Stop Loss: Toggle on/off the stop-loss hiding feature.

Grid Settings:

Trade Distance (in pips): Specify the minimum step in pips between grid (averaging) trades.
Smart Distance: Enable auto-adjustment of trade distance based on market volatility.
2nd Trade Multiplier: Set the multiplier for the 2nd trade.
3rd-5th Trade Multiplier: Determine the multiplier for the 3rd-5th trades.
6th- Trade Multiplier: Configure the multiplier for the 6th and subsequent trades.
Maximum Trades: Limit the maximum number of grid (averaging) trades.

Other Settings:

Trade Comment: Add a comment for orders.
UID (0…9): Adjust the unique EA instance number (usually no need to change it).
ShowPanel: Toggle the Info-panel on/off

Waka Waka EA Results

Expert Advisor on ICR-FX account 1:300 myfxbook

Waka Waka EA Results2

Results EAs

Signal EA on myfxbook link: Click to view

How to install and run the Waka Waka EA Trading Bot in Metatrader 4?

Open the Metatrader 4 platform
From the top menu, click on “File”
Now click on “Open Data Folder”
Open the “MQL4” folder
Open the “Experts” folder
Copy the Waka Waka v4.43.ex4 file here
Then close and restart the MT4 platform
Attach the Expert Advisor to the chart

Now, you are ready to start using the Waka Waka EA v4.43 MT4 Without DLL!

Ctrl + O => Expert Advisors => Add the link to the Allow WebRequest for listed URL box

https:// ec.forexprostools.com (delete space)

https:// www.worldtimeserver.com (delete space)

http:// timesrv.online (delete space)

http:// valerytrading.com (delete space)

http:// valerytools.com (delete space)

Installation Instructions:

Attach the EA to a single M15 chart (AUDCAD is recommended).
Update symbol names in the Symbol parameter if your broker uses a suffix (e.g., AUDCAD.a).
Use recommended currency pairs; no need for .set files as all settings are internally stored.
Ensure the EA has access to the news list website and a time server for accurate news filtering and time detection. Refer to the provided guide for setup instructions (from 1:00 to 2:05).

You can watching How to video setup Waka Waka EA:

Waka Waka EA Download

Link download Waka Waka EA v4.43 MT4 Without DLL will be sent to your email after purchase.

+ Experts :

Waka Waka v4.43.ex4
Unlimited / NoDLL
Free 1 Year Updates

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Shopping Guide and Important Information

Please read and agree to the information below before purchasing our products:

Beginner traders should research and learn about trading before using any EAs.

Please make sure you understand the risks involved with trading and that past performance is no guarantee for future results. (EA could also make losses).

The product does not guarantee profits and demands resilience, patience, and a positive attitude in forex trading.

Before use, please test the EA on a demo account first.

Happy trading!