FOREX HIGH ACCURACY - WAKA WAKA EA MT 4

Waka Waka EA 2.12

The EA has a long-term stable trading with a low drawdown:

Waka Waka is an advanced grid system that has been working on live accounts for many years. Rather than tailor the system to reflect historical data (as most people do), it was designed to take advantage of existing market inefficiencies. Therefore, it is not a simple hit-and-miss system that only survives through the use of a grid. Instead, he uses real market mechanics to his advantage to make a profit.

Supported currency pairs: AUDCAD, AUDNZD, NZDCAD.

Recommended timeframe: M15

Functions:
- Single chart setup: You only need one chart to trade all symbols
- Support for multiple currency pairs
- Solid backtests and live performance
- No need to set GMT
- Very easy to use: just read the 3 lines of instructions below
- Much cheaper than available high quality alternatives

How to Install
- The EA must be attached ONLY to one M15 chart, AUDCAD is recommended
- If your broker uses a suffix (eg AUDCAD.a), you should update the names in the symbol.
- Use only recommended pairs. You don't need .set files, all settings are stored inside the EA

Requirements
- The EA is NOT sensitive to spread and slippage. But I advise you to use a good ECN broker
- With leverage as low as 1:30, I advise you not to use settings above low risk on an account under $6000, otherwise you may have problems with free margin. With 1:100 leverage, you should be fine with a significant risk setting on a $1000 account.

MM and risk settings
- Allow opening a new grid - enable/disable the opening of new grids. Does not affect already opened meshes
- Lot sizing method - select a lot sizing method according to the risk you want to take: Fixed lots will use the fixed lot size from the "Fixed Lot" option, Dynamic lots will use the "Dynamic Lot" option, Deposit Load will calculate lots. based on the deposit load percentage, and 4 predefined presets will automatically calculate the risk for you.
- Fixed Lot - fixed trading lot for the initial deal.
- Dynamic lot (based on balance/equity) - balance/equity to be used per 0,01 lot
- Deposit loading % - % of the deposit, which will be fully used to open the initial transaction
- Maximum lot - the maximum allowable trading lot
- Maximum spread, in pips - the maximum allowable spread
- Maximum slippage for a non-ECN account, in pips - the maximum allowable slippage
- Maximum characters at a time - the maximum number of characters that can be opened at the same time
- Allow hedging - allow opening multidirectional trades on the same symbol
- Allow trading on holidays - enable/disable Christmas/New Year trading filter
- Allow buy/sell - enable/disable buy/sell trades
- Maximum drawdown percentage - if the current floating drawdown exceeds the specified %, the EA will close open positions

Strategy
- Symbols - comma-separated symbols (configurable if empty)
- Bollinger Bands Period - BB period used to calculate upper/lower levels
- RSI Period - RSI period used to filter trades with little potential.
- Maximum RSI Value - value for the RSI filter
- Take Profit for Initial Trade, in pips - take profit on the initial trade (if there were no open trades on the grid)
- Take Profit for Grid, in pips (weighted if zero) - take profit for the grid. If zero, then the TP is weighted, i.e. is equal to the TP of the initial order in money (not in pips!)
- StopLoss for Grid, in pips (1000 pips if zero) - stop loss for initial/grid trades
- Hide StopLoss - on/off hide stop loss