Waka Waka Source Code mq4

waka waka source code

Waka Waka Source Code Review:

waka waka source code – review

How to Install Waka Waka EA:

1. Download the Source Code: Obtain the Waka Waka EA source code file.
2. Open MetaTrader 4: Launch the MetaTrader 4 platform.
3. Navigate to the Experts Folder:
   • Go to File > Open Data Folder.
   • Open the MQL4 folder.
   • Open the Experts folder.
4. Copy the Source Code: Paste the Waka Waka EA source code file into the Experts folder.
5. Compile the EA:
   • Open the MetaEditor from MetaTrader 4 (press F4).
   • Find the Waka Waka EA file in the Experts folder.
   • Open the file and click Compile.
6. Attach the EA to a Chart:
   • Go back to MetaTrader 4.
   • Open the Navigator window (press Ctrl+N).
   • Find the Waka Waka EA under Expert Advisors.
   • Drag and drop the EA onto a chart.
7. Enable Automated Trading: Ensure that automated trading is enabled in MetaTrader 4 (press the AutoTrading button on the toolbar).

Waka Waka Source Code Settings:

• • Allow Opening a new Grid – on/off opening of new grids. It does not affect the already open grids
  • Lot-sizing Method – select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the “Fixed lot” parameter, Dynamic Lots will use ‘Dynamic Lot’ parameter, Deposit load will calculate lots based on deposit load%, and 4 predefined presets will calculate risk automatically for you
  • Fixed Lot – fixed trading lot for the initial trade.
  • Dynamic Lot (Balance/Equity based) – balance/equity to be used per 0.01 lot
  • Deposit Load % – % of the deposit that will be totally used to open the initial trade
  • Maximum Lot – max allowed trading lot
  • Maximum Spread, in pips – maximal allowed spread
  • Maximum Slippage for a non-ECN acc, in pips – max allowed slippage
  • Maximum Symbols at a time – max allowed number of symbols that can be opened at the same time
  • Allow Hedging – allow opening multi-directional trades on the same symbol
  • Allow Trading on Holidays – on/off Christmas/New Year trading filter
  • Allow to Buy/Sell – on/off Buy/Sell trades
  • Maximum Drawdown Percent – if current floating drawdown exceeds the specified % Waka Waka EA will close open positions

In the pack forder EA DOWNLOAD: 

• Link download expert: waka waka source code v2.12 . mq4
• Presets

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Conclusion:

The EA offers a flexible and powerful tool for automated trading in the forex market. By providing access to the source code, it allows traders to fully customize and adapt the EA to their specific needs, enhancing the potential for effective and personalized trading strategies. Before deploying the EA in live trading, it’s crucial to conduct thorough backtesting and optimization to ensure it aligns with your trading goals. Continuous monitoring and adjustment of the EA’s settings will help maximize potential returns while managing risk effectively.