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, News Catcher Pro, etc. The authors also offer account management services.
ValeryTrading is responsible for developing expert advisors that are compatible with both Metatrader 4/5, their algorithms are beginner friendly and their is a 14 days free trial period to test any of their products without any commitment, learn more.
Waka Waka EA Review
Waka Waka uses real market mechanics to its advantage to make profit. 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 ery 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 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 profit.
- Type: Forex Robot
- Strategy: Grid system
- Recommended Pairs: AUDCAD, AUDNZD, NZDCAD
- Tim3frame: M15
- Price: $1665
Waka Waka EA is available for a onetime price of 1665 USD, which 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 minutes 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. The system made an average monthly gain of 7.76%, with a drawdown of 26.70%. From a low value of drawdown, we can infer that a 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.
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 provide you the best possible experience.