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Waka Waka EA - Profitable Grid Multicurrency Robot

Published: 05.11.2023
Reading time: 25 minutes
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waka-waka-ea

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: 3.55
  • Currency pairs: AUDCAD, AUDNZD, NZDCAD
  • Trading Time: Around the clock
  • Timeframe: M15
  • Minimum deposit: $500 (or 500 USD cents)
  • 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: waka-waka-ea-backtest-audcad-fixlot

AUDCAD High Risk Set 120% annual 2008-2023: waka-waka-ea-backtest-audcad-high-risk

AUDCAD Mid Risk Set 40% annual 2008-2023: waka-waka-ea-backtest-audcad-mid-risk

AUDNZD Fixlot 2008-2023: waka-waka-ea-backtest-audnzd-fixlot

AUDNZD High Risk Set 120% annual 2008-2023:
waka-waka-ea-backtest-audnzd-high-risk

AUDNZD Mid Risk Set 40% annual 2008-2023: waka-waka-ea-backtest-audnzd-mid-risk

NZDCAD Fixlot 2008-2023: waka-waka-ea-backtest-nzdcad-fix-lot

NZDCAD High Risk Set 120% annual 2008-2023: waka-waka-ea-backtest-nzdcad-high-risk

AUDNZD Mid Risk Set 40% annual 2008-2023: waka-waka-ea-backtest-nzdcad-mid-risk

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:

waka-waka-ea-backtest-audcad-high-risk-95dd

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:

Waka Waka EA - Profitable Grid Multicurrency Robot

A more modest account from another owner of this EA started from December 2021:

Waka Waka EA - Profitable Grid Multicurrency Robot

Input parameters of the Waka Waka EA v3.55

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 (932 KB):

  • Waka Waka EA v3.28_fix.ex4
  • Waka Waka EA V3.55_fix.ex4

Free Download Waka Waka EA v3.55

Official website ➔ Waka Waka EA with 30-Day Money Back Guarantee

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Author:
Daniel
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Comments:
  • hafid kh
    Published: 30.01.2024 Reply to the message

    please Update new version 4.29 this version Not work thank you

  • Eric
    Published: 19.02.2024 Reply to the message

    Does not work anymore since Metatrader build 1403 ...

  • Eric
    Published: 26.02.2024 Reply to the message

    Good day Dan,

    v3.55 does not work, in nor in back neither in forward test. Can you help ?

    Thank you,

    Best

  • Skrotos
    Published: 18.03.2024 Reply to the message

    v3.55 might not work with the latest MT4 build, but v3.28 still works with the latest build 1415.

    The EAs core principle is still the same, no major changes between the two versions. so no need for complaints.
    I've been running the v3.55 for a couple of weeks and so far so good. 11 trades, all on profit.
    I don't use a VPS and my connection is usually between 10-13 m/s.

    So, as long as the v3.55 does the job I don't, I can't complain for something that is +€2000 and we have it here for free.

    Thanks Dan, keep it up.

  • HESAM
    Published: 30.03.2024 Reply to the message

    HI

  • mert
    Published: 03.07.2024 Reply to the message

    hi. It gives license error. how should i do

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