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Waka Waka EA - Free Download

Waka Waka EA - Free Download

REQUIREMENTS
Platform: MT4;
VPS hosting is recommended;
 
FILES
1 Expert Advisor file
User Manual

  • Description

    Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make profit

    Supported currency pairs: AUDCAD, AUDNZD, NZDCAD

    Recommended timeframe: M15

    Features:

    • One Chart Setup: you only need one chart to trade all symbols
    • Multiple currency pairs support
    • Solid backtest and live performance
    • No need to adjust GMT
    • Very easy to use: just read 3 lines of instructions below
    • Much cheaper than available high-quality alternatives

  • How to install

    How to install

    • The EA must be attached to ONLY one M15 chart, AUDCAD is recommended
    • If your broker uses a suffix (e.g. AUDCAD.a) you should update names in the Symbol parameter
    • Use recommended pairs only. You don't need .set files, all settings are stored internally in the EA
    • You need to give the EA access to the news list website and time server for news filter and time detection functionality to work correctly. Here is the link for the guide on how to do that (from 1:00 to 2:05)

  • How to use

    1. Step 1: Register with a reputable broker.
    2. Step 2: Download the Expert Advisor’s file.
    3. Step 3: Install the Expert Advisor to your MT4 platform
    4. Step 4: Run the  Expert Advisor on your demo account first
    5. Step 5: After profitable testing, go to your real account
    6. Step 6: Make profit

     

    Learn These 4 Pro Trading Tips to Use and See Immediate Results:

     

    Pro Trading Tip #1

    NEVER consider Forex as a path to get rich quickly.

    Always factor the risks and efforts that must be put into achieving such a goal.

     

    Pro Trading Tip #2

    Be careful with your Lots.

    You can make good money even with a small initial deposit and there is no need to open large positions to make decent profit.

     

    Pro Trading Tip #3

    No emotions allowed.

    A lot of newbie traders get caught up in the emotions and forget everything they’ve learned. I think by now you might already understand where this might lead.

     

    Pro Trading Tip #4

    Be consistent! Stick to your trading system and don’t add or remove anything.

     

    This will allow you to have a much better idea of what exactly is working and helping you win more trades. More importantly, a strategy of being consistent will help you understand where you are going wrong and what to fix.

  • Summary

    Download and become the owner of this very powerful trading tool. If you use this tool correctly, you can have successful trading results.

     

    Here are the key points to keep in mind when trading with this EXPERT ADVISOR:

    • We recommend trading on a demo account for at least a month.
    • If you are profitable after one month of demo trading, feel free to transition to a live account.
    • Use a reasonable risk factor. We recommend starting with 1-2 % risk on a live account to make sure you get comfortable with the EA. Once you understand the process and are comfortable with risking real money, feel free to move up to 5%.
    • Review the news calendar everyday, and disable the EA if you see red news events listed for the next trading day.

     

    We sincerely hope this Expert Advisor brings you closer to the goal you are hoping to achieve.

  • Requirements

    • The EA is NOT sensitive to spread and slippage. But I advise using a good ECN broker
    • The EA should run on a VPS continuously
    • With only 1:30 leverage I advise not to use higher than low risk settings on a less than $6000 account, otherwise you might have problems with free margin. With 1:100 leverage it should be fine with up to significant risk setting on a $1000 account

  • MM & Risk settings

    • Allow Opening a new Grid - on/off opening of new grids. It does not affect the already open grids
    • Lot-sizing Method - select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the "Fixed lot" parameter, Dynamic Lots will use 'Dynamic Lot' parameter, Deposit load will calculate lots based on deposit load%, and 4 predefined presets will calculate risk automatically for you
    • Fixed Lot - fixed trading lot for the initial trade.
    • Dynamic Lot (Balance/Equity based) - balance/equity to be used per 0.01 lot
    • Deposit Load % - % of the deposit that will be totally used to open the initial trade
    • Maximum Lot - max allowed trading lot
    • Maximum Spread, in pips - maximal allowed spread
    • Maximum Slippage for a non-ECN acc, in pips - max allowed slippage
    • Maximum Symbols at a time - max allowed number of symbols that can be opened at the same time
    • Allow Hedging - allow opening multi-directional trades on the same symbol
    • Allow Trading on Holidays - on/off Christmas/New Year trading filter
    • Allow to Buy/Sell - on/off Buy/Sell trades
    • Maximum Drawdown Percent - if current floating drawdown exceeds the specified % the EA will close open positions

  • Strategy

    • Symbols - symbols separated by comma (custom if empty)
    • Bollinger Bands Period - period of BB used to calculate the upper/lower levels
    • RSI Period - period of RSI used to filtering out trades with small potential.
    • Maximum RSI Value - value for the RSI filter
    • TakeProfit for Initial Trade, in pips - take profit for the initial trade (if no grid trades opened)
    • TakeProfit for Grid, in pips (weighted if zero) - take-profit for the grid. If zero, then TP is weighted, i.e. it is equal to TP of the initial order in money (not in pips!)
    • StopLoss for Grid, in pips (1000 pips if zero) - stop-loss for the initial/grid trades
    • Hide StopLoss - on/off stop-loss hiding

  • Grid settings

    • Trade Distance - min. step in pips between grid(averaging) trades
    • Smart Distance - auto- adjusts the trade distance depending on market volatility
    • 2nd Trade Multiplier - multiplier for the 2nd trade
    • 3rd-5th Trade Multiplier - multiplier for the 3rd-5th trades
    • 6th- Trade Multiplier - multiplier for the 6th-.... trades
    • Maximum Trades - max number of grid(averaging) trades

  • Others

    • Trade Comment - comment for orders
    • UID (0...9) - unique EA instance number. Usually no need to change it
    • ShowPanel - on/off Info-panel

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