Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people 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
Supported currency pairs: AUDCAD, AUDNZD, NZDCAD
- One Chart Setup: you only need one chart to trade all symbols
- Multiple currency pairs supported
- Solid backtest and live performance
- No need to adjust GMT
- Very easy to use: just read 3 lines of instructions below
- Much cheaper than available high-quality alternatives
How to install
- The EA must be attached to ONLY one M15 chart, AUDCAD is recommended
- If your broker uses a suffix (e.g. AUDCAD.a) you should update names in the Symbol parameter
- Use recommended pairs only. You don't need .set files, all settings are stored internally in the EA
Requirements
- The EA is NOT sensitive to spread and slippage. But I advise using a good ECN broker
- The EA should run on a VPS continuously
With only 1:30 leverage I advise not to use higher than low risk settings on a less than $6000 account, otherwise you might have problems with free margin. With 1:100 leverage it should be fine with up to significant risk setting on a $1000 account
MM & 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%
- 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
- Allow Hedging - allow opening multi-directional trades on the same symbol
- Allow Trading on Holidays - on/off Christmas/New Year trading filter
- Allow to Buy/Sell - on/off Buy/Sell trades
- Maximum Drawdown Percent - if current floating drawdown exceeds the specified % the EA will close open positions
Strategy