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Waka Waka EA MT4 – Full Input Settings Analysis
Waka Waka EA, crafted by Valeriia Mishchenko of Valery Trading, stands as a distinguished trading robot within the esteemed MQL marketplace, recognized for its prowess in expert advisors. Employing a sophisticated grid system, it has garnered acclaim for its demonstrated effectiveness on live accounts over the years. Notably, it distinguishes itself from conventional systems by strategically capitalizing on prevailing market inefficiencies, rather than solely relying on grid trading strategies.
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Money Management & Risk Settings
- Starting Lot Size: 0.01 (able to use Dynamic Lot as a function of % of balance).
- Deposit Load: 0.25 → Low Risk Set (~20% per annum).
- Max Lot / Open Lots Limit: 100 → Limits overall exposure.
- Max Floating Drawdown: 100% (FTMO/Funded rules can be adjusted).
- Daily Drawdown Limit: 10% / 100 USD → EA stops trading when reached.
- Drawdown Action: Close all positions + stop trading for 24h.
Trading Settings
- Allow Buy/Sell: Yes (both sides).
- Use Hedge: false (hedging disabled).
- Trading Days: Monday → Friday.
- Trading Hours: 00:00 – 23:00 (early close option on Fridays).
- Rollover Filter: Avoids swap times (23:45 – 00:15).
- Grid Trading
- Trade Distance: 35 pips.
- Multiplier: 1.0 – 2.0 (lot increase per grid execution).
- Max Orders: 9 (maximum per grid execution).
- Take Profit: 10 pips (weighted TP activated).
- Stop Loss: 0 (hidden; risk managed by drawdown limiting).
Strategy & Smart Filters
- Indicator Filters: RSI (80/20), Bollinger Bands (35), Price Action detection.
- News Filter: true → Avoids trades on major events (FOMC, NFP, etc.).
- Stock Market Crash Filter: Refers to S&P500 as a benchmark to avoid high volatility.
- Custom Symbols: AUDNZD, AUDCAD, NZDCAD (low-volatility cross currencies).
- Technical Mix: EMA + Bollinger + RSI + ML Pattern detection for best entries.
Additional Settings
- Magic Number: 84570 (ea trade’s unique ID).
- Trade Comment: “Waka”.
- Show Panel: true (EA control panel visible on chart).
- Debug Mode: false.
- GMT Settings: Manual (GMT +2, US DST).
- Max Spread: 10 pips (stops entries if spread is too large).