Waka Waka is an advanced grid system that has been running on real accounts for years. It's not about adapting the system to historical data (like most people), but about taking advantage of existing market inefficiencies. Therefore, it is not a simple "hit-and-go" system that can only survive by using a grid. Instead, it makes use of real market mechanisms to make a profit
Supported currency pairs: AUDCAD, AUDNZD, NZDCAD
Recommended time frame: M15 Features:How to install
Requirements
- One chart setup: you only need one chart to trade all symbols
- Multiple currency pairs are supported
- Reliable backtesting and live performances
- There is no need to adjust the GMT
- Very easy to use: Just read the 3 lines of instructions below
- Much cheaper than existing high-quality alternatives
- 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 the name in the Symbol parameter
- Use only recommended pairings. You do not need a .set file, all settings are stored inside the EA
- Hedge accounts!
- The EA is not sensitive to spreads and slippage. But I recommend using a good ECN broker
- The EA should run continuously on the VPS
- With only 1:30 leverage, I recommend not using a higher than low risk setting on accounts under $6000, otherwise you may experience free margin issues. With a leverage of 1:100, it should be fine to set a maximum risk on a $1,000 account
MM & Risk Settings
- Allow new grids to open - Turn on/off the opening of new grids. It does not affect the mesh that is already open
- Lot Method - Choose the lot size method based on the risk you want to take: fixed lot will use the fixed lot in the "Fixed lot" parameter, dynamic lot will use the "dynamic lot" parameter, the deposit load will calculate the deposit load based on the lot size, 4 predefined presets will automatically calculate the risk for you
- Fixed Lots - The fixed number of lots of the initial trade.
- Dynamic lot size (based on balance/equity) - the balance/equity used per 0.01 lots
- Deposit Load % - The percentage of deposits that will be used entirely to open the initial trade
- Maximum Lot - The maximum number of lots allowed to trade
- Maximum spread, in points - maximum allowable spread
- Maximum slippage for non-ECN accounts, in points—the maximum slippage allowed
- Maximum number of symbols at a time—The maximum number of symbols allowed to be opened at the same time
- Hedging allowed - allows multi-directional trading on the same symbol
- Allow trading during the holidays - turn on/off the Christmas/New Year trading filter
- Allow Buy/Sell - Open/Close Buy/Sell trades
- Maximum Drawdown Percentage - If the current floating drawdown exceeds the specified percentage, the EA closes open positions
stratagem - Symbols—Comma-separated symbols (custom if empty)
- Bollinger Bands Period - The BB period used to calculate the upper/lower levels
- RSI Period - The RSI period used to filter out trades with less potential.
- Maximum RSI value—The value of the RSI filter
- Take profit on the initial trade, in points - the profit of the initial trade (if no grid trade is opened)
- Take Profit of the grid, in points (if zero, weighted) - Take Profit of the grid. If zero, the TP is weighted, i.e. it is equal to the TP of the initial order in currency (not in points!). )
- Grid Stop Loss, in pips (1000 points if zero) - Stop Loss for initial/grid trades
- Hide StopLoss - Open/close Stop Loss hidden
Grid settings
- Trade distance - minutes. Step into points between grid (average) trades
- Smart Distance - Automatically adjusts the trading distance based on market fluctuations
- 2nd Trade Multiplier - Multiplier for the second transaction
- Multiplier for 3-5th transaction - Multiplier for 3rd-5th transaction
- 6th- Trade Multiplier - 6th-.... The multiplier of the transaction
- Max Trades - The maximum number of grid (average) trades
other
- UID (0...9) - Unique EA instance number. It is usually not necessary to change it
- ShowPanel - On/Off Information Panel
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