Waka Waka Questions

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  • #203304 Reply
    robert finn
    Participant

    I am currently demo testing Waka Waka.  On the chart it shows Waka Waka with a leverage of 1:200.  My broker in the U.S. has a limit of 1:50 which is where I have my account set.  I do not see an input on Waka to change the leverage.  Will Waka go with my broker settings?  Will everything run OK like this?   I want to make sure everything is set correctly.  I have it running with the news enabled and on a vps.  Thanks

    #203305 Reply
    Alan Northam
    Participant

    Waka Waka is a scalping strategy.  In the US the spreads are too wide for this strategy to provide good results.  With the difference in leverage you just need to use a smaller lot size to keep the risk the same.  So, using a smaller lot size and wide spreads will most likely result in small profits which will result in taking a long period of time to recover the cost of purchasing the EA.  Using some of Petko’s other EAs will most likely provide more profits over the same time frame at a much lower cost.  I create my own EA’s using EA Studio and my portfolio outperforms Waka Waka.  I would demo some of Petko’s other EAs before spending $2000 to purchase Waka Waka!

    I recommend you read about trading Waka Waka in the US by clicking on this link:

    Waka Waka in the US???

    #203314 Reply
    robert finn
    Participant

    After a few minutes the EA corrected itself and showed the proper leverage.

    #203319 Reply
    robert finn
    Participant

    Thanks for the reply Alan.  I was a manual technical trader for 5 years several years ago and want to make a go of it again using bots.  Running a company and trading all night got a little tiring.  I am definitely testing Petko’s bots and am making my own now also.  I have had issues with some of the bots I have tried because of FIFO regulations in the U.S. and am still figuring out how to deal with that.  Some of the strategies apparently aren’t applicable under U.S. rules.  Anyway, congrats on your success…I will keep working on it!

    #203336 Reply
    Alan Northam
    Participant

    Normally the “Forex Algo Course + 12 EAs I Trade Live” cannot be used in the US because of the FIFO rule.  Here is how I solve this problem:

    Forex Algo Course + 12 EAs I Trade Live

    #203337 Reply
    Alan Northam
    Participant

    Happy to hear!

    #227909 Reply

    Yes

    #448693 Reply
    Latobard
    Member

    Good question! From my experience, Waka should follow your broker’s leverage settings, especially since you’re running it live through your broker’s account. I’ve had it on 1:50 too and it worked fine. Just keep an eye on margin usage. Let us know how it goes!
    4o

    #450608 Reply
    Noel E
    Participant

    yeah, waka2 is very expensive now, for me better to get the EA studio then generate top EA on your own, what do you think guys?

    #452082 Reply
    EZ Rankings
    Participant

    Yes, Waka Waka uses your broker’s leverage settings; everything will run fine.

    #455188 Reply
    [email protected]
    Participant

    ok man

    #455224 Reply
    Keonhacai Team
    Participant

    Chấn thương là một phần không thể tránh khỏi trong thể thao, đặc biệt là với các vận động viên chuyên nghiệp

    #457324 Reply
    Ernest Little
    Participant

    hello

    #477892 Reply
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    Participant

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    #477893 Reply
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    Participant

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