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Waka Waka EA is the highest growth rate Forex robot in the market and has detailed backtesting and live records to verify its statistics. The algorithm is pre-optimized, i.e., it comes with the best set-files and recommendations from the developer. In this Waka Waka EA review, we will go through the features, strategy, live records, and vendor experience to better understand the profitability of the EA.
ValeryTrading Group is the company behind the development of Waka Waka EA. The group is headed by Valeriia Mishchenko from Russia. They have multiple other systems in the market, such as Golden Pickaxe EA, Evening Scalper Pro, Night Hunter Pro, etc. The authors also offer account management services.
Waka Waka is an EA designed and optimized to achieve stable results in the long run (profitable for over 50 consecutive months). It shows a good amount of profitability on its live records on Myfxbook.
Waka Waka EA Review
Waka Waka EA uses real market mechanics to its advantage to make profits. The algorithm of this expert advisor does not use risky martingale strategies which can cause a high drawdown on the account.
Waka Waka EA has satisfactory customer reviews on Forex review forums, where traders seem content with their algorithms. Some of the notable features include:
- 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
- Waka Waka EA is very easy to use: just read 3 lines of instructions below
- Much cheaper than available high-quality alternatives
Waka Waka EA is not broker selective and not sensitive to spread and slippage (vendor recommends good ECN broker. The EA must be attached to only one M15 chart, AUDCAD is recommended and should be run on a VPS continuously.
Waka Waka EA Strategy
Waka Waka EA is an advanced grid trading system that was designed to exploit existing market inefficiencies.
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From the history present on Myfxbook records, we can observe that the Waka Waka EA uses a proper stop loss and take profit. This adds a plus point as it ensures risk management is in place. It uses real market mechanics to its advantage to make profits.
- Type: Forex Robot
- Strategy: Grid system
- Recommended Pairs: AUDCAD, AUDNZD, NZDCAD
- Tim3frame: M15
- Price: $2160
Waka Waka EA package comes with a license for ten simultaneous MT4/5 account activations. You will get the best set-files and recommendations, and there is a 30-day money-back guarantee. Considering the refund and the low cost for the superb performance it is possible to say that the purchase is a good bet.
Waka Waka EA Backtest Report
Backtesting results are available for AUDCAD, where the relative drawdown was around 34.31%. The winning rate was 76.82%, with a profit factor of about 1.95.
All the tests were done on the 15-minute chart with a starting balance of $1000. Waka Waka EA tanked an average profit of $9323575.95 for this period after completing a total trade of 6539.
The spread settings for the duration of testing were set to variable to best mimic the live market conditions. There were 273294039 ticks modeled where 396591 bars were tested.
Waka Waka EA Trading Result
Verified trading records are available on Myfxbook that show performance from June 4, 2018, till the current date. Waka Waka EA made an average monthly gain of 7.76%, with a drawdown of 26.70%. From a low value of drawdown, we can infer that sound risk management is in place with a good strategy. The winning rate stood at 74%, with a profit factor of 1.77.
The developer made $500 in deposits and $4,352.41 in withdrawals. The account’s current balance stands at $5,311.10, where the equity is $5,207.02. The upwards curve in the profit chart with a stable value of risk suggests that the algorithm has a positive gain/drawdown ratio. While increasing the lot size it is possible to increase your gains while keeping the downside away.
Valery Trading Waka Waka
ValeryTrading is responsible for developing expert advisors that are compatible with both Metatrader 4/5, their algorithms are beginner friendly and there is a 14-day free trial period to test any of their products without any commitment, learn more.
Fifty customer feedback is present on Trustpilot, a reputed review forum. most of the traders’ comments are on the positive side. One of the clients praised the success of Valeria EAs and recommended it to his fellow users.
Waka Waka EA Review – Conclusion
Waka Waka is an EA designed and optimized to achieve stable results in the long run (profitable for over 50 consecutive months). It shows a good amount of profitability on its live records on Myfxbook. The algorithm maintains the drawdown while trading and comes with a 30-day money-back guarantee for peace of mind.
The developers of Waka Waka EA are fully transparent with the strategy, backtesting, and customer support. Get started now – prices are incremental, and spots are limited. The developers are ready to commit 100% of their energy and time to providing you with the best possible experience.
More Details about Waka Waka EA
Waka Waka EA is a Forex trading robot developed by ValeryTrading Group, designed to automate trading strategies and potentially generate profits in the foreign exchange market.
Waka Waka EA utilizes an advanced grid trading strategy to take advantage of market inefficiencies. It trades on multiple currency pairs and aims to achieve stable, long-term profitability without resorting to risky martingale strategies.
Waka Waka EA is developed by ValeryTrading Group, led by Valeriia Mishchenko from Russia. The group has a track record of developing expert advisors for the Forex market.
Waka Waka EA supports multiple currency pairs, with AUDCAD, AUDNZD, and NZDCAD being recommended choices. The flexibility to trade different pairs provides diversification opportunities.
Waka Waka EA operates on the M15 (15-minute) time frame.
While Waka Waka EA is not broker-selective, the vendor recommends using a good ECN (Electronic Communication Network) broker for optimal performance.
Yes, Waka Waka EA is designed to be user-friendly. It requires attaching the EA to just one M15 chart, and the setup process is straightforward, with clear instructions provided.
No, you do not need to adjust GMT settings when using Waka Waka EA.
Yes, it is recommended to run Waka Waka EA on a VPS continuously for optimal performance.
The EA has shown an average monthly gain of 7.76% with a drawdown of 26.70% in live trading records. It employs risk management to maintain stable profitability.
Yes, the purchase of Waka Waka EA comes with a 30-day money-back guarantee, offering peace of mind to buyers.
Each Waka Waka EA package includes a license for ten simultaneous MT4/5 account activations.
Yes, the developers of Waka Waka EA offer customer support, and they are known for their transparency in sharing strategy and performance information.
Yes, Waka Waka EA has received positive feedback from traders on Forex review forums and Trustpilot.
To get started with Waka Waka EA, you can visit the official website for purchase details.
Yes, by increasing the lot size, you have the potential to increase your gains, but it's important to do so cautiously while considering your risk tolerance.
Yes! The developers offer a 14-day free trial for you to experience the power of Waka Waka EA firsthand. This allows you to assess its performance and compatibility with your trading style before making a commitment.
Waka Waka EA has shown profitability for over 50 consecutive months in its historical records, making it a reliable choice for long-term trading.
Yes, backtesting results are available for AUDCAD, one of the recommended currency pairs. These results show a relative drawdown, winning rate, and profit factor, providing insights into the EA's historical performance.
Verified trading records are available on Myfxbook, showing performance from June 4, 2018, to the present. These records include average monthly gains, drawdown, winning rate, and profit factor.
Waka Waka EA is considered beginner-friendly due to its user-friendly interface and clear instructions. However, it's essential for all traders, including beginners, to thoroughly understand its strategy and risks before using it.
Like all trading strategies, there are inherent risks when using Waka Waka EA. It's crucial to use proper risk management and only trade with funds you can afford to lose. Additionally, past performance does not guarantee future results.
Yes, the vendors of Waka Waka EA offer account management services in addition to their EA products. If you're interested in this service, you can inquire with them directly.