Waka Waka EA - Profitable Grid Multicurrency Robot
Waka Waka EA is a Grid robot that is astoundingly its super profitability of over 7500% with a track record of +5.5 years on double-verified MyFxBook. The Expert Advisor is multicurrency, which means that you can set it on any currency pair, but it will trade on all pairs specified in the settings. It has many lot management settings from fixed to high risk with dynamic lot up to 120% per year. But whether that's actually the case is up to you to figure out in this post.
Сharacteristics of the Waka Waka EA
- Official website: waka-waka-ea
- Platform: Metatrader4
- EA version: 4.43
- Currency pairs: AUDCAD, AUDNZD, NZDCAD
- Trading Time: Around the clock
- Timeframe: M15
- Minimum deposit: $500 (or 500 USD cents, best conditions here ➔ ProCent)
- Recommended broker: Roboforex, XM, FBS
Trading algorithm
Waka Waka EA uses market inefficiencies to capitalize on them rather than just blindly placing order grids, which undoubtedly increases its chances of success. The Expert Advisor is multicurrency, which means that you can set it on any currency pair, but it will trade on all pairs specified in the settings. It has many lot management settings from fixed to high risk with dynamic lot up to 120% per year.
Since in the settings we have lines for specifying the values of the Bollinger Bands indicators and RSI indicators, I dare to assume that these indicators are the basis for getting signals to open trades. Apparently, the crossing Bollinger Bands channel lines are used as a signal to open a deal, while RSI acts as a filter and sifts out signals with low potential.
A brief video review of Waka Waka MT4 EA:
Official website ➔ Waka Waka EA
Testing
The Expert Advisor is recommended to trade on AUDCAD, AUDNZD, NZDCAD pairs, so I tested it only on these pairs since 2008 with different risk settings. The starting deposit was set at 10000. Here are the results of the tests:
AUDCAD Fixlot 2008-2023: 
AUDCAD High Risk Set 120% annual 2008-2023: 
AUDCAD Mid Risk Set 40% annual 2008-2023: 
AUDNZD Fixlot 2008-2023: 
AUDNZD High Risk Set 120% annual 2008-2023:
AUDNZD Mid Risk Set 40% annual 2008-2023: 
NZDCAD Fixlot 2008-2023: 
NZDCAD High Risk Set 120% annual 2008-2023: 
AUDNZD Mid Risk Set 40% annual 2008-2023: 
All tests were performed with the modeling quality of 99.9% using TDS2 software
I slightly idealized the results of the tests on AUDCAD pair, having reduced the testing interval to June 2023, because after June the Expert Advisor falls into a prolonged drawdown and it looks less encouraging:
The Expert Advisor managed to stay in operation, but the drawdown was 95%(!!!) - this is a lot, but you should be prepared for this when using grid EAs. Based on this test, I conclude that it is not safe to use settings with High and Significant risk, but this is an isolated case in 15 years of testing on three pairs.
On MyFxBook we can see the following confirmed monitoring of Waka Waka accounts.
Legendary with a double MyFxBook confirmed track record of +5.5 years on live accounts, generating over 7500% profit and +65 continuous profitable months:
A more modest account from another owner of this EA started from May 2023:
Input parameters of the Waka Waka EA v4.43
Understanding the settings of the Waka Waka Expert Advisor should not cause you any problems, everything is transparent and clear.
These are the settings:
- Money Manegment & Risk settings
- Time settings
- Strategy
- Grid settings
- Others
I touched only 2 settings - Lot-Sizing Method and Dynamic Lot (Balance/Equite based). The others were left by default.
Of course, for stable work of the Expert Advisor it is better to install it on a VPS and use a proven ECN broker with zero spread. Do not entrust the EA with money that you are not ready to lose. And remember that this Expert Advisor uses a dangerous method of money management.
In the archive Waka_Waka_EA.rar (1,44 М):
- Waka Waka EA v3.28_fix.ex4
- Waka Waka EA V3.55_fix.ex4
- Waka Waka EA V4.43 fix.ex4
Free Download Waka Waka EA v4.43
Official website ➔ Waka Waka EA with 30-Day Money Back Guarantee
