Once you load Waka Waka EA on your chart, pop-up box will appear showing the settings of your EA. Make sure that all the settings and alerts are correct before clicking OK.
Waka Waka EA money management & risk settings:
Allow Opening a new Grid - on/off opening of new grids. It does not affect the already open grids
Lot-sizing Method - select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the "Fixed lot" parameter, Dynamic Lots will use 'Dynamic Lot' parameter, Deposit load will calculate lots based on deposit load%, and 4 predefined presets will calculate risk automatically for you
Fixed Lot - fixed trading lot for the initial trade.
Dynamic Lot (Balance/Equity based) - balance/equity to be used per 0.01 lot
Deposit Load % - % of the deposit that will be totally used to open the initial trade
Maximum Lot - max allowed trading lot
Maximum Spread, in pips - maximal allowed spread
Maximum Slippage for a non -ECN acc, in pips - max allowed slippage
Maximum Symbols at a time - max allowed number of symbols that can be opened at the same time