Waka Waka is an advanced grid system which already has been working on real accounts for +5 years.Instead of fitting the system to reflect historical data (like most EAs do) it was designed to exploit existing market inefficiencies.Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it, uses real market mechanics to its advantage to make profit.Features:Trading style: GridSupported currency pairs: AUDCAD, AUDNZD, NZDCAD Timeframe: M15 (15 minutes)Not sensitive to slippagesUses MartingaleFIFO/FTMO compatible+5 years verified MyFxBook+5 years MQL5 live signalProfit calculator3 risk management sets+20 years high-quality back-testing dataOne chart-setupMulti-currency pairs supportAdvanced news filterStock market cash filterNew year holiday filterAuto GMT detectionSelf diagnostic systemNeed to run on VPSMarket executionStatistics panel14 days free trial30 days money-back guarantee2 months free ValeryVPSTelegram private group

One crucial aspect in the realm of Expert Advisors is the ability to verify their track records using a reliable third-party platform. In this industry, there are unfortunately numerous individuals with malicious intentions who make false claims about their EAs, aiming to deceive unsuspecting individuals venturing into Forex trading.Without a trustworthy third-party platform that tracks the performance of Expert Advisors over time, it becomes challenging to ascertain their actual capabilities. As a result, you are left with the option of either blindly believing the claims made by the developer or questioning their authenticity.Fortunately, there are several reputable third-party platforms available for verifying track records, with MyFxBook and MQL5 being the most popular and trustworthy choices. They provide a comfortable trading environment, facilitate analysis of trading systems and accounts, and encourage idea-sharing among traders. Advanced traders can optimize their forex trading systems and monitor their trading performance, while investors and managers can connect with each other. MyFxBook and MQL5 ensure guarantee, security, and transparency in these interactions. To ensure transparency and trust, I maintain verified public MyFxBook and MQL5 profiles. It showcases more than 15 different track records of variations of my expert advisors, each with different configurations. These profile updates in real-time with every trade executed in my official accounts, meticulously recording the trading history.Waka Waka EA verified MyFxBook track records:Waka Waka EAWaka Smart TPWaka CloneWaka SP500Waka Waka EA verified MQL5 live signals:Waka Waka EAWaka CloneWaka SP500

Before ever deciding to trade with an Expert Advisor, it is a good idea to back-test it. Backtesting is a method of analyzing how well a trading strategy could perform by applying it to historical data from the real world. It helps you compare different strategies and choose the one that gives you the best results.The idea behind backtesting is that strategies that worked well in the past are likely to perform well in similar market conditions in the present and future. By testing trading plans on previous datasets that closely match current market conditions, you can see how they would have performed before actually making any trades.However, it's important to remember that backtesting doesn't guarantee success in the current market. Past results are not a foolproof indicator of future performance. Backtesting is simply a part of doing your research before entering a trade. It helps you understand the potential volatility of an asset and take steps to manage your risk accordingly.You should also keep in mind that real trades involve fees that may not be considered in backtests. It's crucial to account for these trading costs when conducting simulations, as they will affect the profit-loss margins on a live trading account.That’s why constantly back-test all of my Expert Advisors, with real tick data and 100% accuracy trading history. Here you have links to up to 20 years of backtests for Waka Waka EA:Waka Waka EA back-testing data

Once you’ve selected a broker and opened an account with them, you can proceed to install Waka Waka Expert Advisor in order to start trading with itThere are three different things you will need for that:VPS (Virtual private server): A virtual machine offered as a service, that can be accessed remotely. I strongly recommend you to install my EAs on a VPS to ensure they will be able to run continuously without interruptions, or needing to have your PC switched on all day long.Trading platform (MetaTrader 4 or 5): The gateway platform that will connect your Forex broker and my Expert Advisors. You will be using MetaTrader 4 or 5, the most popular and complete platforms used for Forex retail trading.Expert Advisor files: These are my Expert Advisor .EX4/.EX5 files that you will be loading in your MetaTrader 4 or 5 platform, in order to trade with them in your account.To make the installation process as simple and flexible as possible, you can choose three different options:“Easy installation” (recommended): Where you get everything done for you, by simply accessing to a ValeryVPS server, where you’ll find all my Expert Advisors already downloaded, installed & configured in all of the main MetaTrader brokers, ready to go. Best for beginner/intermediate traders.“Manual installation”: Where you download, install, and configure my Expert Advisors by yourself, in your preferred VPS or your own computer. Best for advanced/professional traders.“MQL5 installation”: Where you download, install and configure my Expert Advisors in your MQL5 VPS or own PC, directly through the MQL5 marketplace platform.It’s up to you which one to choose, and it will probably depend on how much experience you have with Expert Advisors and MetaTrader platforms in general.

Because Waka Waka EA operates as a grid trading system, it is crucial to prioritize effective money and risk management to ensure its long-term sustainability. To gain a comprehensive understanding of this critical aspect, I have prepared an in-depth exploration that covers all the essential information. I highly recommend reading this material carefully before engaging in trading with Waka Waka EA or any other grid trading system.1.  Money management:. The first thing I always start with is money management. Simply put, it’s how big the lot size you want to open in relation to your deposit size. In Perceptrader AI, Waka Waka and Golden Pickaxe,  it’s regulated by the ‘Lot-sizing Method’ parameter and others related to it. In most cases, it’s enough to choose one of the predefined risk levels from low to high in this parameter, and that’s it. That’s all money management most people will need. You can see how Waka Waka EA performed with each risk level in the "Risk management" section of the help center.2.  Risk management. To keep it short, that’s how the EA deals with drawdowns. In most cases, it’s enough to use the simplest ‘Max Floating Drawdown %’ option. For example, if you set it to 30, the EA will close all trades in case of reaching a 30% drawdown, securing the remaining 70% of the account. However, this parameter is connected with money management. If you set too tight of a drawdown limitation with a high risk level, it’ll frequently be triggered during normal work of the EA, interfering with its trading. E.g., it doesn’t make sense to choose high risk and set the maximum drawdown at 5%. That’ll make you bump into this drawdown limitation time and time again, ultimately meaning losses. I usually recommend setting this value above the maximum drawdown seen in the tester. If you can’t test the EA properly yourself, I have already compiled long-term test results in the "Risk management" section of the help center.3.  Default parameters: People frequently ask me what settings of the EA should they use. The answer is that I use default settings and think they are the best in most cases. This sounds boring, but profitable professional trading and investments are always boring. There’s a saying about that attributed to Warren Buffet: “Beware the investment activity that produces applause; the great moves are usually greeted by yawns”. If you are bored with trading and investments, it usually means you are on the right track. There are plenty of variables in my EAs that change results significantly: from core parameters of the system (how to choose an entry), to exit parameters (TP level) and grid settings (coefficients and grid spacing). What some people don’t understand is that default values are not chosen randomly. They are a result of careful market research aimed at identifying market reversal levels. Default parameters of the EA work together with the aim of exploiting existing market reversals on the pairs it trades. If you change an entry level, TP value, or grid setting, you might interfere with this logic. For example - if you make the TP value larger, the EA will exit trades later, and the reversal level might not be enough to close trades and get out of a trending movement. If you change grid coefficients to, let’s say, 1-1-1 (so that all orders have the same lot size), you will interfere with the trading logic, making it much more difficult for the EA to get out of the grid. Of course, if you are a professional trader, you know it very well and may ignore this recommendation. But if that’s the case, this whole post is just 2x2=4 for you, and you won’t find it particularly useful. If you found something new or interesting in it, chances are, default parameters are better for you.4.  Make sure your money management is in line with your deposit size and account leverage: By definition, one can’t use high risks with a 1:30 account leverage. The same goes for $100 – it’s impossible to use low risks with a small deposit size. 5.  Make sure your VPS works 24/5: If the EA entered a position, then your VPS went offline for a day or two and was not in the market to catch a reversal, it may bring losses to you. Make sure your VPS is stable and also put the terminal in the startup folder of your system. In this case, if your VPS is restarted (which happens every once in a while with any server), the terminal will get back online as soon as the server gets up and running.If you do not have a VPS yet, I recommend you to check the “ValeryVPS”section of this guide.6.  Take it seriously and plan ahead: What you might not have understood when reading this information is that each example I have outlined above is real. There were users of my EAs who used high risks with a tight drawdown limitation at 5%, there were users who changed grid coefficients, some used the EA with a small deposit and high risk on a 1:30 leverage account, and so on. Each of these examples meant losses. Each of these rules meant someone lost real money. There is a saying in the health and safety industry that “all safety regulations are written in blood”. It’s true, and the same goes for the rules outlined in these few pages. Each of them is written with losses of traders. It’s smart to take all of them into account and trade accordingly, with strict risk and money management in place.

Once you load Waka Waka 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 parameters:TF for OPO method' - timeframe for the 'Use OPO method to handle TP' feature: the EA will close trades using open prices only on the TF of your choosing'Break Even after this Level' - break even feature after the specified Grid level is reached'TakeProfit for Grid' - now it allows any value including zero and negative. The weighted TP can be set with a separate 'Weighted TakeProfit' option'Do not adjust TP unless new grid level opened' - if true, the EA will adjust TP of open positions only when a new grid level is opened. The user can manually set their own TP, which will stay current until the EA opens a new grid level‘Fixed Initial Deposit (Tester only)' - lot size will be calculated based on the initial deposit, new profits will not be taken into account'HourToStartTrading' - hour to start trading‘HourToStopTrading' - hour to stop trading'Keep Original Profit Level & Lot Size' - When skipping grid level, the EA will keep profit target from the original (standard) strategy. It helps boost performance. The EA still needs 'marker orders''Allow sending SL & TP along with an order (for a non-ECN acc.)': if true, then the EA will send SL & TP along with orders. If false, then SL & TP will be set after the order is sent and executed.'Randomize TP/SL Levels': if enabled, Waka Waka will randomly slightly change the TP/SL levels. This option allows you to have a unique TP/SL.‘Max Random Delay before sending Orders, sec [0-disabled]': maximum random delay in seconds before sending an order. Values over 15 seconds are not recommended.‘Trade on Monday/Tuesday/Wednesday/Thursday/Friday': enable/disable trading on Monday/Tuesday/Wednesday/Thursday/Friday.'Check Margin for all Grid Levels': if true, the EA will check if there is enough free margin to open all grid levels at the same time. If not enough, the initial lot size will be reduced.'Check Bars for Errors': if true, the EA will check the relevance of historical data and bar opening time. Turn it off if your broker uses non-standard bar opening time (for example hh:02, hh:17, hh:32, hh:47).'Show Stats': show a panel with statistics.'Font Size (1...8)': reduce this value if you're having trouble with the info panel.'Disable Automatic GMT Detection': set it to 'true' to disable automatic GMT detection. You can use the GMT Test/Manual' and 'DST Test/Manual' parameters to manually set the GMT offset in live trading.'GMT(DST) Test/Manual': GMT offset in winter and DST in Tester.'News Filter Enabled': on/off News Filter'Wait Minutes Before/After Event': suspend trading before/after the news.'Disable Trading on Holidays': enable/disable trading on bank holidays according to the real-time Economic Calendar (https://www.investing.com/). This filter is currency-specific. For example, with it, EA won't take trades on USD pairs during bank holidays in the USA. It also works in Strategy Tester.'Medium Impact News': enable/disable news events with medium impact (2 stars news).'Low Impact News': enable/disable news events with low impact (1 star news).'Speaks': if false, then the EA will not take into account news events marked as Speeches/Speaks.News List Refresh Rate': news events list update frequency (selection from the drop-down list'Show News List': displays a list of upcoming news events to the right of the info panel.'Disable Built-in News Filter Settings' - disables the built-in news filter settings, allowing you to fine-tune the news filter.‘Custom Events (separated by a comma, disabled if empty)': custom rules allowing you to fine-tune the news filter.Format: Key[-Currency pair],Key[-Currency pair],.........,Key[-Currency pair]    Key – the currency of the news event or keyword in the news header. You can use multiple currencies without a separator, for example, USDAUDGBP.    If you specify a keyword, the letter case does not matter. For example, FOMC.    [-Currency pair] - optional parameter specifying which currency pair the rule applies to. For example -EURUSD.    Example: USD,AUDGBP-GBPUSD-NZDUSD,CHFEUR-EURUSD,FOMC,Rate-AUDCAD    USD, - takes into account all news events for USD on all currency pairs    AUDGBP-GBPUSD-NZDUSD, - takes into account all news events for AUD and GBP on GBPUSD and NZDUSD     currency pairs    CHFEUR-EURUSD, - takes into account all news events for CHF and EUR on the EURUSD currency pair    FOMC, - takes into account news events with the word (or part of the word) FOMC in the header on all currency     pairs        Rate-AUDCAD - takes into account news events with the word (or part of the word) Rate in the header on AUDCAD     currency pair               Each rule must be separated by a comma. if 'Disable Built-in News Filter Settings'=false, then the custom rules are     in addition to the built-in ones. The built-in settings are as follows:    USD,EUR-EURUSD,GBPEUR-GBPUSD-EURGBP,CAD-USDCAD,CHFEUR-USDCHF-EURCHF,JPYCHF-CHFJPY,JPYEUR-EURJPY,JPYAUD-AUDJPY,CADAUD-AUDCAD,CADEUR-EURCAD,AUDEUR-EURAUDTakeProfit #1/2/3 after this Level [0-disabled] - adjusts the TP once the specified Grid level is reachedTakeProfit #1/2/3 after X bars [0-disabled] - adjusts the TP after reaching a specified number of barsTakeProfit #1/2/3 [can also be negat., 0-breakeven] - take profit for grid after reaching a specified number of bars or grid level. Values can be positive, negative, or 0 – breakeven'Stock Market Crash Filter Enabled': enable/disable the stock market crash filter.‘Stock Market Symbol': symbol name of the S&P500 stock index of your broker. It is usually called something like US500 or SPX500 (press Ctrl+U to see all symbols).'Filter Period' - period of the stock market crash filter.'Max Historical Volatility (HV)': max. annualized standard deviation of H1 returns (HV in %).‘Block Trading for the Entire Day': prohibits opening new trades throughout the day if HV hits the specified level just once at any moment during the day.'Check for Instances of the EA': checks that only one instance of the EA is running at a time. If EA detects other instances with the same UID, trading will be disabled.'Symbol Suffix': here you can specify a symbol suffix if your broker uses one.‘Max Open Lots (Filter)': the EA will not send new initial orders if the volume of all positions opened by the EA exceeds the specified value.‘Max Daily Drawdown Limit % FTMO Rules' - maximum daily drawdown limit, calculated according to the FTMO rules. Non-trading operations (like withdrawals) during the day are not taken into account.'Max Daily Drawdown Limit in Money FTMO Rules [0-disabled]': maximum daily drawdown limit in MONEY, calculated according to the FTMO rules. Non-trading operations (like withdrawals) during the day are not taken into account.'Max Daily Drawdown Reset Hour FTMO Rules (Broker time)': hour to reset the max. drawdown with the prop firm.'Handle Max Drawdown Events on Every Tick': enable/disable drawdown event handling on every tick (instead of once a minute which is used by default, it may consume more CPU resources).'Minutes to Start Trading': minutes to start trading (for initial orders only).'Minutes to Stop Trading': minutes to stop trading (for initial orders only).'Allow Manual Trading Buttons': enable/disable manual trading buttons that allow you to manually open an initial trade: the EA will pick up the manually opened trade and manage it as usual. The buttons are affected by the following parameters: Symbols, Maximum Spread, and Maximum Symbols at a time.'Rounding Method' : allows you to choose the method of rounding fractional lots to calculate trading lot sizes.'Rollover Start Hour': rollover start hour.'Rollover Start Minutes': rollover start minutes.'Rollover End Hour': rollover end hour'Rollover End Minutes': rollover end minutes.'Send Orders During Rollover Time': enable/disable sending orders (including grid trades) during rollover time.‘Max Open Lots (Filter)': the EA will not send new initial orders if the volume of all positions opened by the EA exceeds the specified value‘Max Daily Drawdown Limit % FTMO Rules': maximum daily drawdown limit, calculated according to the FTMO rules. Non-trading operations (like withdrawals) during the day are not taken into account'Remove TakeProfit During Rollover': removes TP for all orders at the specified rollover time. This option helps to avoid closing trades via TP during bad trading conditions since slippage can turn a profitable trade into a losing one.'Custom Symbol Multipliers separated by comma': here you can set multipliers to calculate trading lots for each pair, for example, 1.0,0.7,0.9. This means that the first pair (specified in the 'Symbols separated by comma' parameter) will be open normally, but the second and third will have smaller lots, multipliers 0.7x and 0.9x.'Working TF for BB and RSI': allows you to set working TF for BB and RSI indicators.'Percentage Pips Mode': enable/disable percentage pips mode. 1 percentage pip = 0.0001 * Current Price.'Custom Multipliers sep. by comma': custom multipliers for each GRID step separated by a comma, for example - 1,2,4,8,12,18,27,41. This parameter has a higher priority.'Trailing SL Size, in pips [0-disabled]': trailing stop in pips based on the grid breakeven point (=weighted average entry price of all orders including SWAPs and commissions).'Trailing SL Start, in pips': number of pips in profit at which the trailing SL is activated.'Tester Withdrawal (Tester only)': the withdrawal will take place if the account equity exceeds the specified value.'Withdrawal Amount (Tester only)': amount to withdrawal.Portfolio Mode - allows you to run more than one set file (instance of the EA) and/or my other EAs (instances of Perceptrader AI and Golden Pickaxe) on the same account so that the EAs do not open new initial trades simultaneously. Initial Delay for Portfolio Mode, ms - time delay, which will be set automatically based on the UID value. This delay is necessary to ensure one set file recognizes the opened trades of another and skips the trading signal. Please note that set files of the same EA must have a unique UID!For example, if you run 2 set files on the same account and want to prevent the same pair from being opened by both set files simultaneously, then I recommend setting as follows:First set file: Portfolio Mode=true, UID=0Second set file: Portfolio Mode=true, UID=1Consider PAI Orders (Portfolio only) - the EA will take into account open trades of Perceptrader AI in portfolio mode. Consider GP Orders (Portfolio only) - the EA will take into account open trades of Golden Pickaxe in portfolio mode. Basic Magic Number - this option allows you to change the basic magic number of all trades. Magic numbers of trades/orders are calculated according to the following formula: [Direction][BasicMagicNumber+UID][TradeNumber], where    Direction - 1 for Buy, 2 for Sel    TradeNumber - the number of trades from 00 to 99. 00 - for the initial trade, 01 - for the first averaging trade, and so on.For example: 28457000, 18457003.Pause Between Grid Trades, in min: a minimum pause between grid trades in minutes.Cover Swaps: if true, the EA adjusts the TP to cover any possible loss due to the swap. Set it to false if you want to deactivate this option.ML-based Pattern Recognition & Filtering: enable/disable filtering of trades using ML-based candlestick pattern filter. The filter increases the trading quality, but reduces the number of trades.ML-based Pattern Filter Threshold: the minimal predicted probability that a trade will result in profit.Reverse Strategy: allows you to take the order in the other direction on a signal. For example, you can set the EA to follow the trend instead of countering it.Open Opposite Trade: if true, the EA will open an additional initial trade in the opposite direction as soon as the initial order/trade is executed.Max Daily Drawdown Type FTMO: allows you to customize the daily drawdown calculation.Do Nothing if During Rollover: set to true if you want to ignore max. drawdown checks during rollover.Increase Take Profit, in pips [0-disabled: specified number of pips to be added to TP during news events.Hour to Close & Stop Trading on Friday [0-disabled]: possibility to stop the EA on Friday at a specified hour.Max Open Lots Adjusted For...: allows you to adjust Max Open Lots for balance or equity so that it will grow proportionately.Force Basket Closure once the Initial Order is Closed: option to force basket closure once the initial order/trade is closed by TP or by manual intervention.Send Push Notifications after this Level [0-disabled]: sends a push notification if a trade above the specified level is opened. You need to allow push notifications in the terminal settings and specify your MetaQuotes ID.Max Floating Drawdown % for each Symbol, separated by comma: allows you to specify the max. drawdown % separately for each symbol.'Remove TakeProfit During Rollover': removes TP for all orders at the specified rollover time. This option helps to avoid closing trades via TP during bad trading conditions since slippage can turn a profitable trade into a losing one.'Custom Symbol Multipliers separated by comma': here you can set multipliers to calculate trading lots for each pair, for example, 1.0,0.7,0.9. This means that the first pair (specified in the 'Symbols separated by comma' parameter) will be open normally, but the second and third will have smaller lots, multipliers 0.7x and 0.9x.'Working TF for BB and RSI': allows you to set working TF for BB and RSI indicators.Percentage Pips Mode': enable/disable percentage pips mode. 1 percentage pip = 0.0001 * Current Price.'Custom Multipliers sep. by comma': custom multipliers for each GRID step separated by a comma, for example - 1,2,4,8,12,18,27,41. This parameter has a higher priorit

When trading with a grid you do not usually experience realized losses, but you get floating drawdowns from time to time. Significant ones are usually rare, but it all depends on risks you setYou can set very high risks and lose the whole deposit in one go even on a small market movement or you can use lower risks and survive even another 2007-2009 financial crisis without a scratchHow to best deal with that? I usually recommend doing the following:Imagine the biggest floating drawdown you can handle with the EA. Multiply that by 2. After that select risks level with which you did not have the historical drawdown exceeding this multiplied valueWhy should you multiply the drawdown? Any trading system will eventually surpass the historical drawdown. Grid trading has a larger risks variability over time, so it needs this x2 margin to account for many things that will happen in the future that we don’t know yetBelow you can find the table with Waka Waka test results on high-quality tick data from different sources:

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 gridsLot-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 youFixed Lot - fixed trading lot for the initial trade.Dynamic Lot (Balance/Equity based) - balance/equity to be used per 0.01 lotDeposit Load % - % of the deposit that will be totally used to open the initial tradeMaximum Lot - max allowed trading lotMaximum Spread, in pips - maximal allowed spreadMaximum Slippage for a non -ECN acc, in pips - max allowed slippageMaximum Symbols at a time - max allowed number of symbols that can be opened at the same time

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:Symbols - symbols separated by comma (custom if empty)Bollinger Bands Period - period of BB used to calculate the upper/lower levelsRSI Period - period of RSI used to filtering out trades with small potentialMaximum RSI Value - value for the RSI filterTakeProfit for Initial Trade, in pips - take profit for the initial trade (if no grid trades opened)TakeProfit for Grid, in pips (weighted if zero) - take-profit for the grid. If zero, then TP is weighted, i.e. it is equal to TP of the initial order in money (not in pips!)StopLoss for Grid, in pips (1000 pips if zero) - stop-loss for the initial/grid tradesHide StopLoss - on/off stop-loss hiding

Once you load Waka WAka 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 grid settings:Trade Distance - min. step in pips between grid(averaging) tradesSmart Distance - auto- adjusts the trade distance depending on market volatility2nd Trade Multiplier - multiplier for the 2nd trade3rd-5th Trade Multiplier - multiplier for the 3rd-5th trades6th- Trade Multiplier - multiplier for the 6th-.... tradesMaximum Trades - max number of grid(averaging) trades