Introduction

Waka Waka EA V4.59 MT4 is an automated trading system designed to execute trades based on algorithmic logic, technical indicators, and price action analysis. It aims to provide consistent and structured trading by removing emotional decision-making and automating the entire trading process.

Key Features

Fully automated trading system
Multi-currency pair support
Indicator and price action-based strategy
Built-in Stop Loss and Take Profit
Works on M5, M15, and H1 timeframes
Customizable risk and lot size settings
Trade management with trailing stop option
Compatible with most MT4 brokers
Backtesting and optimization support

Recommended Settings

Timeframe: M15 or H1
Currency Pairs: EUR/USD, GBP/USD, USD/JPY
Risk Level: 1% to 2% per trade
Lot Size: 0.01 or auto lot
Broker Type: ECN or low spread broker
VPS: Recommended for stable performance
Trading Sessions: London and New York sessions

Backtest Result

Shows stable performance in historical testing under optimized conditions
Performs better in trending market environments
Drawdown depends on risk settings used
Works more effectively on major currency pairs
Live performance may vary due to spreads and execution speed

Advantages

Fully automated trading execution
Emotion-free and disciplined trading
Suitable for beginners and advanced traders
Flexible and customizable settings
Saves time with automation
Supports continuous trading via VPS

Disadvantages

No guaranteed profits in live markets
Performance depends on market conditions
Requires proper configuration and monitoring
Sensitive to broker spread and execution quality
Less effective in sideways markets
Needs stable internet or VPS for best results

Installation & Setup Guide

Download EA file (.ex4 or .mq4)
Open MetaTrader 4 platform
Go to File → Open Data Folder
Navigate to MQL4 → Experts folder
Paste EA file into the folder
Restart MetaTrader 4
Drag EA onto a chart
Enable AutoTrading
Adjust risk and lot settings
Confirm EA is active on the chart.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.