Waka Waka EA V4.37_fix-1400+Waka Wakais the advancedgrid systemwhich 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
Recommended timeframe:M15
Features:

• One Chart Setup:you only needone chart to trade all symbols
• Multiplecurrency pairs support
• Solid backtestand live performance
• Noneed toadjust GMT
• Veryeasy to use:just read 3 lines of instructions below
• Much cheaperthan available high-quality alternatives

How to install

• The EA must be attached toONLYoneM15chart,AUDCAD is recommended
• If your broker uses a suffix (e.g. AUDCAD.a) you should update names in theSymbolparameter
• Use recommended pairs only. You don't need .set files, all settings are stored internally in the EA
• You need to give the EAaccess to the news list website and time serverfor news filter and time detection functionality to work correctly.Hereis the link for the guide on how to do that (from 1:00 to 2:05)

Requirements

• The EA is NOT sensitive to spread and slippage. But I advise using agood 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 ofnewgrids. 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 Lotswill use fixed lot size from the "Fixed lot" parameter,Dynamic Lotswill use 'Dynamic Lot' parameter,Deposit loadwill 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
• 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

• Symbols- symbols separated by comma (custom if empty)
• Bollinger Bands Period- period of BB used to calculate the upper/lower levels
• RSI Period- period of RSI used to filtering out trades with small potential.
• Maximum RSI Value - value for the RSI filter
• TakeProfit for Initial Trade, in pips- take profit for theinitialtrade (if no grid trades opened)
• TakeProfit for Grid, in pips(weighted if zero) - take-profit for thegrid. If zero, then TP isweighted, i.e. it is equal to TP of the initial orderin money(not in pips!)
• StopLoss for Grid, in pips(1000 pips if zero) - stop-loss for the initial/grid trades
• Hide StopLoss - on/off stop-loss hiding

Grid settings

• Trade Distance - min. step in pips between grid(averaging) trades
• Smart Distance - auto- adjusts the trade distance depending on market volatility
• 2nd Trade Multiplier- multiplier for the 2nd trade
• 3rd-5th Trade Multiplier- multiplier for the 3rd-5th trades
• 6th- Trade Multiplier- multiplier for the 6th-.... trades
• Maximum Trades- max number of grid(averaging) trades

Others

• Trade Comment- comment for orders
• UID (0...9)- unique EA instance number. Usually no need to change it
• ShowPanel - on/off Info-panel

MT40110