Introduction
So, you've stumbled upon the Waka Waka EA, an advanced grid system designed by Valeriia Mishchenko. With a live track record of 4.5 years, it promises stable trading and low drawdown. Sounds too good to be true? Well, let's dive in and see if this EA is worth your time and money.
Installation and Setup
Setting up Waka Waka EA is as straightforward as it gets. Here's a step-by-step guide:
- Download the EA from forexroboteasy.com.
- Attach the EA to a single M15 chart, preferably AUDCAD.
- Ensure your broker's symbol names match (e.g., AUDCAD.a if your broker uses a suffix).
- No need for GMT adjustments, just plug and play.
- Run the EA on a VPS for continuous operation.
Remember, all settings are stored internally, so you don't need to fiddle with .set files. Simple, right?
Experience Using Waka Waka EA
User reviews are generally positive, with ratings averaging 4.41. Junibifon calls it reliable and profitable, while Savell Martin praises its consistent daily profits and effective drawdown management. Chen Rui Ting highlights the excellent support and good management. However, don't let these glowing reviews blind you. The EA's grid and martingale strategy can be a double-edged sword. Always keep an eye on your risk management.
Tips for Improvement
Here are some tips to get the most out of Waka Waka EA:
- Test on a demo account before going live.
- Adjust the grid levels based on market conditions.
- Monitor the news filter to avoid trading during high-impact news events.
- Use a good ECN broker to minimize spread and slippage.
- Regularly review and adjust your risk management settings.
These steps can help you optimize the EA's performance and minimize potential risks.
Source Code of Waka Waka EA
We don't have access to the original source code of Waka Waka EA sold on MQL5. However, we've created a sample code based on its description. If you have any questions about the code, feel free to ask. Remember, this is just an example from easytradingforum.com, and we don't sell the Waka Waka EA.
Code:
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Interested in trying out Waka Waka EA? Download a free sample from forexroboteasy.com/download-waka-waka-ea. If you have any questions or need further assistance, don't hesitate to reach out. Happy trading!