Waka Waka EA

This EA finally crashed & blew up my account after holding multiple SELL positions on NZDCAD for over a month.

current risk 1.5% load = exploding account / 1% load = exploding account

Introduce new users The risk used should be 0.25% lower than the load.

The EA itself is not bad but is not worth the price. The reason of this 1 star review is because the marketing and the backtests showed by the author are misleading. The EA shows an incredible performance in backtest, specially after every update when it has been fitted by the machine learning or whatever other new feature that has been released. Once you start using it after the release, you will face a complete different result than what you saw in the backtest. The author answers to bad reviews is not logical "ie with the proper risk management options in WakaWaka, blowing the account is impossible". That might be right, but if you run low risk (10% return per year) and you cut loses let's say 30%, you will need 2-5 years to recover the loss, not to mention if during this period you have to cut loses again. So, technically we "do not blow the account but we incur in loses" and that is not the purpose of trading with an ea. Also, the author uploaded some positive testimonials but I wonder where are the negative ones? during this week some people has blown the account or cut loses following the risk management advised by her. Actually, we are around 40-50% DD using mid risk. Now my question, do you guys think that in order to archive around 20% per year, you should go through this deep drawdown (considering is not getting worse in the following days, perhaps even me in low risk will end up blowing my account). Another negative thing to mention, on the telegram group, if you would need advise or answers to your questions, 99% of the times you will receive an answer from another member instead of the author or support. Author just send advertisements trying to boost her other products and/or new product sales instead of addressing the concerns and questions. If you are a new user, I would not recommend you purchasing it.

I purchased this EA, the data in different real accounts is inconsistent, some accounts have already closed orders, while others have orders that have not been closed, and there are multiple hedging orders for the same currency pair. Is this normal? How many open orders can there be for the same symbol at most？

Such an expensive robot, yet the service is so poor. It doesn't reply to messages for a long time. After the robot's update, it can't recognize old orders and will create new positions, which is a serious bug.

Reliable and profitable EA

High-risk Asymmetric martingale EA. The author is focused on Sales and marketing rather than existing users. The performance of the EA decreased with an increased number of users . The author ignored my warning message last April. Some users lost a lot of money using this EA, even at medium risk, due to impulsive moves in Audnzd and Nzdcad. The author's back test is misleading. Not a professional way to Trade. The best traders trade with an edge, and it does not make sense to lose a year or many months of profits in one Trade. Risk management is my priority; my trading accounts are safe. EA could be used for semi-auto trading.

This EA recently wiped a lot of money from buyers' accounts. Waka is a martingale grid system. For most grid martingale systems it is a matter of "when", and not of "if", your account will be wiped out or suffer very severe losses. This has happened with Waka too! Many users missed the TP of a large grid by fractions of a pip in their brokers (others were lucky to get just out) and the grid kept on growing taking a lot of the users's money with it. Many users took their risk settings decisions based on the excellent backtests provided by the author and blew their accounts. Many others followed the cautios recommendations from the author and sufferred very heavy losses too, far greater than the profits they had made before with this EA. Additionally, it has been clearly noticeable that the author became very quiet in the EA's Telegram group a long while ago. Specially recently, when users asked numerous questions or had recommendations for improving the EA, the author has been remarkably non-present and not providing her opinion about the situation. In my opinion, the origin of all these problems was the very high confidence that the author spreads on the basis of backtests (providing detailed tables of maximum historic drawdowns which the users used to set up their risk, and which at the end have turned out to be totally off in this recent event!), the very aggressive marketing methods used, broadcasting screenshots of the great results of her clients, with many testimonial videos (which surprisingly quickly turned out to be overly optimistic and their authors have suffered heavy losses themselves!), etc. I give it only 1 star because: - author does not respond any more practically ever in her Telegram Waka group - the EA is really bad at managing risk in exceptional situations in its default settings (supposed to be "safe" but with a max. drawdown parameter which by default is set to 100% DD, or total loss). If you want to be safe and pick low risk settings, your losses can still be very large compared to the profits you will generate (e.g. if you lose the profits of 3-4 months every 6 months with a stop loss, then the EA makes no sense) - the EA seems to have become very broker dependent - due to the very large number of buyers, the performance of the EA seems to have deteriorated significantly (I have no proof for this though). Either the Waka users are moving the market or the institutional money has learned to play us. The EA is definitely not great, very good or perfect as other users claim here. Actually, most of those users in the Telegram group that survived the recent carnage did so because they actually manage the EA manually, limiting the number of grids that it opens and managing the trades manually after a certain grid level. Otherwise, also them would probably be wiped out or in heavy losses. But that means that the EA is not great and cannot be trusted blindly.

Very good EA, fantastic service,

I have used this EA for quite a while, this EA can profit with a proper stop loss setting.

I have been using 3 EA's in live operation from the provider for almost a year and can only say that I am convinced. All EA's have made money so far. Thanks

perfect Ea

This EA is stable and profitable, I recommend this EA. I had set this on the settings that Valeria had shared on her video.

Waka Waka performance is consistent and great! The live performance aligns with the back test performance. And, the author Valeriia is an excellent developer, both knowledgeable in trading and helpful!

The best EA I’ve ever purchased and using for longterm consistent profit in monthly basis. Trust, Respect & Responsively EA & author.

Check out NEW signals, then check out these ones. Enough said. Val support is 10/10 as well. Best developer on here hands down.

Good Expert

Хороший стабильный советник

This is an excellent Martin grid EA, which can bring stable income, but you must use excellent brokers. In the current volatile financial environment, we need to pay attention to our own risk settings to reduce risks.

Waka is my second favorite EA but close to the first. I have been using this EA for around 1 year and really do not need to worry. Having around 4 % per month without having to worry if interests went down, up, if there are political problems or not, if there is a holiday with whatever, etc. is just great! There are people that expect miracles or holy grail to stop working and Waka is not a miracle but it is a stable EA that can definitely help generating passive income with security if you are not gready. . . A huge applause here to Valeria also because she doesn`t just develop and sell - she studies to see if EAs can have improvements or eventually correct bugs, she talks to people, she is interested in understanding, etc. Do not expect her to answer silly questions however because she needs time to develop more :) and help indeed in what is needed. To Martin: Welcome. Good guy that has been very helpfull also. Another advantage of this EA is also there is a great group of people that have many experience and share. Many groups around is just propaganda and people dont share. If you think NEW is better then this one, I do not. Highly recommend. Note: My favourite EA is NHP also of Valeria just because is more complex, allows higher personalization of strategies (but Waka is more stable in passive income). Many Thanks Valeria

In my opinion this is the best EA on MQL5. 50 months of constant profit on signal, I have been running on live accounts for 6 months and the results have been exactly what I wanted. Well recommended