Waka Waka (real EA) source code download and deployment instructions | Grid EA download - MT4/MT5 resources

Waka Waka is an advanced grid system that has been operating on real accounts for many years. Rather than adjusting to historical data, as most do, it is designed to exploit existing market inefficiencies. Therefore, it is not a "hit or miss" system that relies solely on a grid system to survive. Instead, it uses real market mechanisms to make money. Supported currency pairs: AUDCAD, AUDNZD, NZDCAD Recommended timeframe: M15 Features: One chart setup: You only need one chart to trade all symbols Supports multiple currency pairs Reliable backtesting and live performance No need to adjust GMT Very easy to use: Just read the following 3 lines of instructions Much cheaper than existing high-quality alternatives How to install the EA Must be attached to only one M15 chart, it is recommended to use AUDCAD If your broker uses a suffix (e.g. AUDCAD.a), you should update the name in the symbol parameter to use only the recommended currency pairs. No .set file is required, all settings are stored within EA You need to give EA access to the news list site and time server for the news filtering and time detection features to work properly. Below is a link to the how-to guide (1:00 to 2:05). This EA is required to be insensitive to spreads and slippage. But I recommend using a good ECN broker. The EA should be run continuously on a VPS. Since the leverage is only 1:30, I recommend not using higher than low risk settings on accounts below $6000, otherwise you may run into issues with available margin. If the leverage is only 1:100, then you should be fine using settings up to high risk on a $1000 account. MM and risk settings allow opening of new grids – Turn new grids on/off. It will not affect the opened grid lot adjustment method – choose the lot adjustment method based on the risk you want to take: Fixed lot will use the fixed lot size from the “Fixed lot” parameter, Dynamic lot will use the “Dynamic lot” parameter, Deposit load will calculate the lot based on the deposit load percentage, and 4 predefined presets will automatically calculate the risk for you Fixed lot - Fixed trading lot for the initial trade. Dynamic Lots (Based on Balance/Equity) - Balance/Equity Deposit Load % used per 0.01 lots - Percentage of deposit used to open initial trade Max Lots - Maximum trading lots allowed Maximum spreads in pips - Maximum allowed spreads Maximum slippage for non-ECN accounts in pips - Maximum slippage allowed Maximum number of symbols at one time - Maximum number of symbols allowed to be open at the same time Hedging allowed - Multi-directional trades allowed to be opened on the same symbol Holiday trading allowed - Turn on/off Christmas/New Year trading filter Allow buy/sell - turn on/off buy/sell trades Maximum Loss Percent - EA will close the trade if the current floating loss exceeds the specified percentage Strategy Symbols - symbols separated by comma (custom if empty) Bollinger Bands Period - Bollinger Band Period used to calculate upper/lower levels RSI Period - RSI Period used to filter out trades with less potential. Maximum RSI value – the value of the RSI filter. Take profit of the initial trade in pips – the profit of the initial trade (if grid trading is not enabled). Grid Take Profit in pips (zero is weighted) – the take profit of the grid. If zero, Take Profit is weighted, i.e. equal to the Take Profit amount of the initial order (not in pips!) Grid Stop, expressed in pips (1000 pips if zero) - Stop loss for initial/grid trade Hidden Stop - Turn on/off stop loss hiding Grid settings Trade Distance - Grid (average) Minimum step between trades in pips Smart Distance - Automatically adjust the trade distance based on market fluctuations Second Trade Multiplier - Multiplier for the second trade from 3rd to 5th Trade multiplier - multiplier for the 3rd to 5th trade 6th trade multiplier - multiplier for the 6th trade -…. Maximum number of trades - maximum number of trades in the grid (average) Other trade comments - order comments UID (0…9) – unique EA instance number. Usually there is no need to change the ShowPanel – open/close the information panel for a live demo: https://www.myfxbook.com/members/MischenkoValeria/waka-waka/11662830 https://www.myfxbook.com/members/MischenkoValeria/waka-smart-tp/11662858

Waka Waka (real EA) source code download and deployment instructions points before use

This page has been reorganized according to the reading path of search users, focusing on the applicable scenarios of EA source code, MQL4/MQL5 platform compatibility, parameter testing methods and real-time risk warnings, so as to quickly judge whether it is worth continuing to test before downloading or deploying.

Suitable for who to use

• Traders who need to quickly screen EA source code and are willing to do simulation verification first.
• People who are already familiar with the MT4/MT5 installation process and want to compare different EAs, indicators or source code projects.
• People who want to record the backtest, parameters and risk control before deciding whether to enter the real market.

Testing and risk control suggestions

• First use the default parameters for basic backtesting, and then adjust them one by one according to the variety, cycle and spread.
• Grid, Martin, and scalping strategies should focus on observing maximum drawdown, continuous losses, and trading frequency.
• It is recommended to observe the simulated trading performance for at least 2-4 weeks before the actual trading, and limit the account risk proportion of a single strategy.

FAQ

Can this file be sold directly?
It is not recommended to make a direct offer. Any EA or indicator requires first checking the source, parameters, platform version and historical performance.

Can MT4 and MT5 be used interchangeably?
Usually it cannot be used directly. MQ4/EX4 corresponds to MT4, MQ5/EX5 corresponds to MT5, and the source code project also needs to be compiled in the corresponding MetaEditor.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , GitHub open source EA , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around Waka Waka (real market EA) source code download and deployment instructions . Related search terms include: MQL4 source code, MQL5 source code. Test any Forex EA, Expert Advisor, MT4/MT5 indicator or MQL source code with historical data and a demo account before live trading.