Waka Waka EA MT5 is an advanced forex robot developed by Forex Robot Easy Team. It is designed to automate trading in the forex market, allowing traders to take advantage of market opportunities without the need for manual intervention.
- Grid trading strategy: The EA uses a grid trading strategy, placing buy stop orders at specified intervals above the current market price.
- Customizable parameters: The EA allows traders to customize various parameters such as grid size, lot size, maximum number of orders, take profit level, stop loss level, slippage, magic number, and trade restrictions.
- Trade restriction: Traders can choose to enable or disable trading for specific currency pairs, including AUDCAD, AUDNZD, and NZDCAD.
- Close profitable orders: The EA automatically closes profitable orders when they reach the specified take profit level.
- Order management: The EA manages open orders by continuously monitoring the market and adjusting stop loss levels.
To use Waka Waka EA MT5, follow these steps:
- Download the EA file from the official developer's website at forexroboteasy.com.
- Open the MetaTrader 5 platform and navigate to 'File' > 'Open Data Folder'.
- Copy the EA file into the 'MQL5/Experts' folder.
- Restart the MetaTrader 5 platform.
- Drag and drop the EA from the Navigator window onto a chart.
- Adjust the EA's parameters according to your trading preferences.
- Enable live trading and ensure that all necessary permissions are granted.
Waka Waka EA MT5 executes trades automatically based on the specified parameters. It places buy stop orders at predefined intervals above the market price, creating a grid of orders. The EA continuously monitors the market and adjusts stop loss levels to manage open orders.
The EA also includes trade restrictions for AUDCAD, AUDNZD, and NZDCAD. By default, all trade restrictions are enabled. Traders can disable specific trade restrictions by setting the corresponding boolean variables to 'false' in the EA's parameters.
Profitable orders are automatically closed when they reach the specified take profit level. The EA uses the magic number to identify its own orders and avoid interfering with other expert advisors or manual trades.
Please note that Forex Robot Easy Team is not the official developer of Waka Waka EA MT5. This README file only provides a sample code that can work as described in the product. For detailed reviews and trading results of this product, visit the official developer's website at forexroboteasy.com/forex-robot-review/review-waka-waka-ea-mt5-advanced-forex-software-with-real-results.
For any inquiries or technical support regarding Waka Waka EA MT5, please contact the official developer through the MQL5 platform.