Valeriia Mishchenko
Valeriia Mishchenko
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2 years
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14
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5163
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Valeriia Mishchenko
Valeriia Mishchenko
⚠️ Every once in a while, I write posts about risk management and how to use it correctly. However, my previous posts were rather short. This time, I would like to dive deeper into this topic and cover everything essential about it in relation to Waka Waka and pretty much all other grid systems

1. Money management. The first thing I always start with is money management. Simply put, it’s how big the lot size you want to open in relation to your deposit size. In Waka Waka and Golden Pickaxe, it’s regulated by the ‘Lot-sizing Method’ parameter and others related to it. In most cases, it’s enough to choose one of the predefined risk levels from low to high in this parameter, and that’s it. That’s all money management most people will need. You can see how my EAs performed with each risk level in the guides for my EAs. For example, p. 57 of the Waka Waka guide (https://www.valerytrading.com/wakawaka-pdf-guide ) shows high-quality test results of Waka Waka using 2 different quotes sources for many years

2. Risk management. To keep it short, that’s how the EA deals with drawdowns. In most cases, it’s enough to use the simplest ‘Max Floating Drawdown %’ option. For example, if you set it to 30, the EA will close all trades in case of reaching a 30% drawdown, securing the remaining 70% of the account. However, this parameter is connected with money management. If you set too tight of a drawdown limitation with a high risk level, it’ll frequently be triggered during normal work of the EA, interfering with its trading. E.g., it doesn’t make sense to choose high risk and set the maximum drawdown at 5%. That’ll make you bump into this drawdown limitation time and time again, ultimately meaning losses. I usually recommend setting this value above the maximum drawdown seen in the tester. If you can’t test the EA properly yourself, I have already compiled long-term test results in guides, as mentioned previously

3. Default parameters. People frequently ask me what settings of the EA should they use. The answer is that I use default settings and think they are the best in most cases. This sounds boring, but profitable professional trading and investments are always boring. There’s a saying about that attributed to Warren Buffet: «Beware the investment activity that produces applause; the great moves are usually greeted by yawns» (https://www.ruleoneinvesting.com/blog/how-to-invest/warren-buffett-quotes-on-investing-success/ ). If you are bored with trading and investments, it usually means you are on the right track. There are plenty of variables in my EAs that change results significantly: from core parameters of the system (how to choose an entry), to exit parameters (TP level) and grid settings (coefficients and grid spacing). What some people don’t understand is that default values are not chosen randomly. They are a result of careful market research aimed at identifying market reversal levels. Default parameters of the EA work together with the aim of exploiting existing market reversals on the pairs it trades. If you change an entry level, TP value, or grid setting, you might interfere with this logic. For example, if you make the TP value larger, the EA will exit trades later, and the reversal level might not be enough to close trades and get out of a trending movement. If you change grid coefficients to, let’s say, 1-1-1 (so that all orders have the same lot size), you will interfere with the trading logic, making it much more difficult for the EA to get out of the grid. Of course, if you are a professional trader, you know it very well and may ignore this recommendation. But if that’s the case, this whole post is just 2x2=4 for you, and you won’t find it particularly useful. If you found something new or interesting in it, chances are, default parameters are better for you

4. Make sure your money management is in line with your deposit size and account leverage. By definition, one can’t use high risks with a 1:30 account leverage. The same goes for $100 – it’s impossible to use low risks with a small deposit size. You can find historical values and deposit size recommendations at the same table in the guides of my EAs

5. Make sure your VPS works 24/5. If the EA entered a position, then your VPS went offline for a day or two and was not in the market to catch a reversal, it may bring losses to you. Make sure your VPS is stable and also put the terminal in the startup folder of your system. In this case, if your VPS is restarted (which happens every once in a while with any server), the terminal will get back online as soon as the server gets up and running

6. And the last suggestion – take it seriously and plan ahead. What you might not have understood when reading the post is that each example I have outlined above is real. There were users of my EAs who used high risks with a tight drawdown limitation at 5%, there were users who changed grid coefficients, some used the EA with a small deposit and high risk on a 1:30 leverage account, and so on. And each of these examples meant losses. Each of these rules meant someone lost real money. There is a saying in the health and safety industry that all safety regulations are written in blood. It’s true, and the same goes for the rules outlined in this post. Each of them is written with losses of traders. It’s smart to take all of them into account and trade accordingly, with strict risk and money management in place

😌 I hope this post is not too long for you to just skip it if it may be useful for you. I highly recommend reading it if you use any grid system from me or other developers

Best wishes,
Valery
chen1231500
chen1231500 2023.10.18
Hello, Waka Waka EA MT4 does this support for other currencies?
Valeriia Mishchenko
Valeriia Mishchenko
Just a quick reminder: prices on my EAs will go up in 48 hours!
jinlinwan
[Deleted] 2023.05.25
[Deleted]
Valeriia Mishchenko
Valeriia Mishchenko
Hi there,

Quick reminder: Only 24 hours left to take advantage of our Easter promotion on the MQL5 marketplace, and get any of my Expert Advisors at a discounted price of 35% OFF
cgomez
cgomez 2023.04.21
Hi Valeriia . I'm looking for an EA for managing Prop accounts. Which one will you advice that have a low draw down, put stop lose on every trade and can pass challenges. Please reply
Albin Sarbach
Albin Sarbach 2023.04.23
Hi Valeriia. I have the same question like cgomez. Thank you in advance for replying.
Valeriia Mishchenko
Valeriia Mishchenko
Hey there,

As Easter approaches, we are excited to announce our latest offer to help you maximize your trading profits. For the next 72 hours, you will be able to purchase any of our Expert Advisors at a discounted price of 35% OFF

This exclusive offer is only available on the MQL5 marketplace and is an excellent opportunity to get your hands on our Expert Advisors at a lower price point. Don't miss out on this limited-time offer, as our last one was in December of 2022.

If you're serious about trading and want to take your results to the next level, now is the time to act:

👾 Get your Waka Waka at $1300 instead of $2000 (you save $700):
- MetaTrader 4: https://www.mql5.com/en/market/product/66317
- MetaTrader 5: https://www.mql5.com/en/market/product/70283

🐯Get your Night Hunter Pro at $1300 instead of $2000 (you save $700)
- MetaTrader 4: (https://www.mql5.com/en/market/product/66358
- MetaTrader 5: https://www.mql5.com/en/market/product/68327

🌄 Get your Evening Scalper Pro at $1300 instead of $1850 (you save $650):
- MetaTrader 4: https://www.mql5.com/en/market/product/79339
- MetaTrader 5: https://www.mql5.com/en/market/product/80309

⛏ Get your Golden Pickaxe at $1200 instead of $1850 (you save $650)
- MetaTrader 4: https://www.mql5.com/en/market/product/74692
- MetaTrader 5: https://www.mql5.com/en/market/product/89528

Wish you all a Happy Easter and happy trading,
Valeriia
JeanMarc2222
JeanMarc2222 2023.04.08
Thank you Valeriia! I wish you the same and even more! Just the best - for the best!
Valeriia Mishchenko
Valeriia Mishchenko 2023.04.09
Thank you! I'm glad to see it :-)
eattradetravelplay
eattradetravelplay 2023.04.26
So sad I miss the promo! :( Will there be another soon? Just came from Petco's Video on this EA
Valeriia Mishchenko
Valeriia Mishchenko
❗️Today I am going to start trading with all my systems that I either stopped or lowered risks with due to the US bank crisis as described in this post: https://t.me/valeryEAs/375

➡️ If you haven't already, I highly recommend updating all of my EAs before resuming trading to fix issues with news filtering
Valeriia Mishchenko
Valeriia Mishchenko
❗️ News in relation to the news filtering capability of my EAs. Here is the recent post about it: https://t.me/valeryEAs/390

➡️ After a bit of thought I've set up my own news events server. Since there is always a probability that access to someone else's server will be blocked, the most "bulletproof" decision in this regard is to set it up on my own

✅ I've already set up the server and got it working. Now I work on updating all EAs to handle it properly. I'll try to update scalping systems and the News Catcher Pro today (since these depend on the news events filter the most) and Waka Waka and Golden Pickaxe soon after that (until the end of the week)
Henry Asaba Achankeng
Henry Asaba Achankeng 2023.08.03
does your filter actually consider the news, or you just turn all trading off before and after the news? is a good rule say, 15 minutes before and after the news or I could use hours for major news and 1 hour for medium? The greatest challenge am facing is how to backtest news. Did not yet find a developer who knows how to include the news library in the ea for backtesting
Valeriia Mishchenko
Valeriia Mishchenko
⏱ EA Prices Going Up In 48 Hours!

All the available licenses for my Expert Advisors at the current prices have been sold

Which means the prices of all my EAs will be increased to keep the number of users controlled, a high quality support level and to avoid liquidity issues on brokers

➡️ As of this moment, there are only 48 hours left before all my EAs go up

Here are the links if you want to take advantage of this opportunity:

⛏Get your Golden Pickaxe before it goes to $1850:
- MetaTrader 4: https://www.mql5.com/en/market/product/74692
- MetaTrader 5: https://www.mql5.com/en/market/product/89528

👾 Get your Waka Waka before it goes to $2000:
- MetaTrader 4: https://www.mql5.com/en/market/product/66317
- MetaTrader 5: https://www.mql5.com/en/market/product/70283

🐯Get your Night Hunter Pro before it goes to $2000:
- MetaTrader 4: https://www.mql5.com/en/market/product/66358
- MetaTrader 5: https://www.mql5.com/en/market/product/68327

🌄 Get your Evening Scalper Pro before it goes to $2000:
- MetaTrader 4: https://www.mql5.com/en/market/product/79339
- MetaTrader 5: https://www.mql5.com/en/market/product/80309

Best wishes,
Valeriia
Eric Robinson
Eric Robinson 2023.04.04
what do you mean by avoid liquidity issues on brokers?
Valeriia Mishchenko
Valeriia Mishchenko
⏱ Only 24 Hours Until Golden Pickaxe Price Goes Up!

- Get your Golden Pickaxe license for MetaTrader 4 at the MQL5 market: https://www.mql5.com/en/market/product/74692

Get your Golden Pickaxe license for MetaTrader 5 at the MQL5 market: https://www.mql5.com/en/market/product/89528

Best wishes,
Valeriia
Valeriia Mishchenko
Valeriia Mishchenko
⏳2 Days Until Golden Pickaxe Price Goes Up!

All the licenses for my Golden Pickaxe Expert Advisor available at $1450 have been sold, so in 48 hours from now the price will rise to $1650

The reason to increase prices after a certain amount of licenses has been sold, is to keep providing the highest quality support I can, to a controlled amount of clients, as well as avoid potential liquidity issues with brokers

⛏ If you want to take advantage of this opportunity before prices increase, you can do it right now:

- Get your Golden Pickaxe license for MetaTrader 4 at the MQL5 market: https://www.mql5.com/en/market/product/74692

Get your Golden Pickaxe license for MetaTrader 5 at the MQL5 market: https://www.mql5.com/en/market/product/89528

Best wishes,
Valeriia
Valeriia Mishchenko Published product

Like most things that work in trading, it's really simple. However, it's one of the most powerful tools I have that makes entries of many systems much more precise.   In its essence, it measures the recent volatility against the medium-term average. How does it work? Markets tend to be prone to strong trending movements when relative volatility is low and tend to be mean-reverting when relative volatility is high.   It can be used with both mean-reversion systems (like the Golden

Valeriia Mishchenko Published product
Reviews: 5
FREE

Like most things that work in trading, it's really simple. However, it's one of the most powerful tools I have that makes entries of many systems much more precise.   In its essence, it measures the recent volatility against the medium-term average. How does it work? Markets tend to be prone to strong trending movements when relative volatility is low and tend to be mean-reverting when relative volatility is high.   It can be used with both mean-reversion systems (like the Golden

Valeriia Mishchenko
Valeriia Mishchenko
➡️ Just a quick reminder - only 24 hours left until the Christmas offer ends

Here are the links if you want to take advantage of this opportunity:

👾 Get your Waka Waka at $990 before it goes to $1850 (you save $860):
- MetaTrader 4: https://www.mql5.com/en/market/product/66317
MetaTrader 5: https://www.mql5.com/en/market/product/70283

🐯Get your Night Hunter Pro at $990 instead of $1850 (you save $860)
- MetaTrader 4: https://www.mql5.com/en/market/product/66358
MetaTrader 5: https://www.mql5.com/en/market/product/68327

🌄 Get your Evening Scalper Pro at $990 before it goes to $1850 (you save $860):
- MetaTrader 4: https://www.mql5.com/en/market/product/79339
MetaTrader 5: https://www.mql5.com/en/market/product/80309

📣 Get your News Catcher Pro at $990 before it goes to $1850 (you save $860)
- MetaTrader 4: https://www.mql5.com/en/market/product/72439
MetaTrader 5: https://www.mql5.com/en/market/product/72587

⛏ Get your Golden Pickaxe at $900 before it goes to $1450 (you save $550)
- MetaTrader 4: https://www.mql5.com/en/market/product/74692
MetaTrader 5: https://www.mql5.com/en/market/product/89528

💸 It's the last time you can get my EAs for less than $1000 on the MQL Market
Valeriia Mishchenko
Valeriia Mishchenko
👉 Recently I've got a lot of questions from buyers of my EAs asking why there is no trading right now

✅ The reason is the holidays filter, which is turned on in all of my EAs. I explained it in another post recently, but some people missed that post. So I decided to publish it again

❗️ It may be dangerous to trade during the low-liquid Christmas and New Year markets. So I have a filter in all my EAs which prevents it

➡️ You may still enable trading by setting the 'Allow Trading on Holidays?' parameter to false if you want to get some trades right now. But I won't do it on my accounts
Valeriia Mishchenko
Valeriia Mishchenko
🎄 CHRISTMAS OFFER - [40% OFF] - 4 DAYS left

First of all, merry Christmas to everyone who celebrates this holiday! This time of the year is a beautiful one because we get to get together with our loved ones, spend some quality time with family, and celebrate one more year

Along this and last year, we've built an incredible community of traders from all across the world, and I am sure many of us consider the members of the groups our 'second family'

To celebrate this special holiday, I am making the BIGGEST offer of the year so far:

For 4 more days only, you can get my EAs with a 40% OFF DISCOUNT, exclusively on the MQL market

Once this promotion ends, the prices will rise to $1850, as always, to keep providing the highest quality support I can, to a controlled amount of clients

Here are the links if you want to take advantage of this opportunity:

👾 Get your Waka Waka at $990 before it goes to $1850 (you save $860):
- MetaTrader 4: https://www.mql5.com/en/market/product/66317
MetaTrader 5: https://www.mql5.com/en/market/product/70283

🐯Get your Night Hunter Pro at $990 instead of $1850 (you save $860)
- MetaTrader 4: https://www.mql5.com/en/market/product/66358
MetaTrader 5: https://www.mql5.com/en/market/product/68327

🌄 Get your Evening Scalper Pro at $990 before it goes to $1850 (you save $860):
- MetaTrader 4: https://www.mql5.com/en/market/product/79339
MetaTrader 5: https://www.mql5.com/en/market/product/80309

📣 Get your News Catcher Pro at $990 before it goes to $1850 (you save $860)
- MetaTrader 4: https://www.mql5.com/en/market/product/72439
MetaTrader 5: https://www.mql5.com/en/market/product/72587

⛏ Get your Golden Pickaxe at $900 before it goes to $1450 (you save $550)
- MetaTrader 4: https://www.mql5.com/en/market/product/74692
MetaTrader 5: https://www.mql5.com/en/market/product/89528

As you can see, Golden Pickaxe has a slightly smaller discount than the rest, as it would be unfair for the first buyers on MQL, to offer it below the initial release price, which was $720

Best wishes,
Valeriia
Valeriia Mishchenko
Valeriia Mishchenko
❗️ I am going to switch off all my EAs during the morning of the 23rd of December

➡️ Brokers may have some surprises, like closing the day an hour or two earlier than usual during the last Friday before Christmas. To prevent problems because of that and also to not trade during low-liquid Christmas and New Year holidays, I plan to stop all trading from the 23rd of December up until the 9th of January

🎄 You may have EAs running if you want, but it is usually recommended to avoid low-liquid Christmas markets. Also, there is a Christmas and New Year holidays filter in all my EAs. If it's enabled (by default, it is), you will have trading stopped automatically before the New Year. But I recommend stopping trading manually from the 23rd of December

👉 To disable trading when there are no orders opened you may simply click on the "AutoTrading" button in the MetaTrader terminal and disable all automated trading in the terminal. If you still have some trades but you wish to not have any new ones, you need to set the 'Allow Opening a new Grid?' (for Waka Waka and Golden Pickaxe) or 'Allow Opening a new Trade' (for other EAs) parameter to false

Best wishes,
Valeriia
Valeriia Mishchenko
Valeriia Mishchenko
BLACK FRIDAY UNIQUE OFFER 🖤 [ONLY FOR 72 HOURS]

If you've missed the previous offers to get the #1 ranked Expert Advisors on the planet, pay attention:

As of this moment and for 72 hours only, you can get all my EAs (except Golden Pickaxe, which is already discounted) with a 30% OFF discount, exclusively on the MQL market

Once this promotion ends, the prices will rise to $1650, as always, to keep providing the highest quality support I can, to a controlled amount of clients

Here are the links if you want to take advantage of this opportunity:

🟡 Get your Waka Waka at $1050 before it goes to $1650 (you save $600):
- MetaTrader 4: https://www.mql5.com/en/market/product/66317?source=Site+Profile+Seller
MetaTrader 5: https://www.mql5.com/en/market/product/70283?source=Site+Profile+Seller

🐯Get your Night Hunter Pro at $1050 instead of $1650 (you save $600)
- MetaTrader 4: https://www.mql5.com/en/market/product/66358?source=Site+Profile+Seller
MetaTrader 5: https://www.mql5.com/en/market/product/68327?source=Site+Profile+Seller

🌄 Get your Evening Scalper Pro at $1050 before it goes to $1650 (you save $600):
- MetaTrader 4: https://www.mql5.com/en/market/product/79339?source=Site+Profile+Seller
MetaTrader 5: https://www.mql5.com/en/market/product/80309?source=Site+Profile+Seller

📣 Get your News Catcher Pro at $1050 before it goes to $1650 (you save $600)
- MetaTrader 4: https://www.mql5.com/en/market/product/72439?source=Site+Profile+Seller
MetaTrader 5: https://www.mql5.com/en/market/product/72587?source=Site+Profile+Seller

Best wishes,
Valeria
Valeriia Mishchenko
Valeriia Mishchenko
Only 2 copies of the Golden Pickaxe left at $950! Next price --> $1050
Valeriia Mishchenko
Valeriia Mishchenko
Only 1 hour left before the Golden Pickaxe price gets to $950!
mohammed abdul
[Deleted] 2022.11.24
[Deleted]
Valeriia Mishchenko Published product
Reviews: 8
2400.00 USD

EA has high-performance live track records of different set files: XAU Risky Vol XAU Balanced Vol XAU Balanced MT5 version can be found here Golden Pickaxe is a mean-reversion grid trading system that uses machine learning technology to place high-profit potential trades on the Gold market. It uses real market inefficiencies to its advantage to have an edge over the market. The EA has 5 predefined set files, which are essentially 5 different trading systems on gold . You may

Trade1973
Trade1973 2022.11.25
Усредняшка за $950? максимум цена $30
Valeriia Mishchenko Published product
Reviews: 10
2400.00 USD

EA has high-performance live track records of different set files: XAU Risky Vol XAU Balanced Vol XAU Balanced MT4 version can be found here Golden Pickaxe is a mean-reversion grid trading system that uses machine learning technology to place high-profit potential trades on the Gold market. It uses real market inefficiencies to its advantage to have an edge over the market. The EA has 5 predefined set files, which are essentially 5 different trading systems on gold . You may