Waka Waka EA - Profitable Grid Multicurrency Robot

Waka Waka EA is a Grid robot that is astoundingly its super profitability of over 7500% with a track record of +5.5 years on double-verified MyFxBook. The Expert Advisor is multicurrency, which means that you can set it on any currency pair, but it will trade on all pairs specified in the settings. It has many lot management settings from fixed to high risk with dynamic lot up to 120% per year. But whether that's actually the case is up to you to figure out in this post.

Сharacteristics of the Waka Waka EA
Official website: waka-waka-ea
Platform: Metatrader4
EA version: 3.55
Currency pairs: AUDCAD, AUDNZD, NZDCAD
Trading Time: Around the clock
Timeframe: M15
Minimum deposit: $500 (or 500 USD cents)

Trading algorithm
Waka Waka EA uses market inefficiencies to capitalize on them rather than just blindly placing order grids, which undoubtedly increases its chances of success. The Expert Advisor is multicurrency, which means that you can set it on any currency pair, but it will trade on all pairs specified in the settings. It has many lot management settings from fixed to high risk with dynamic lot up to 120% per year.

Since in the settings we have lines for specifying the values of the Bollinger Bands indicators and RSI indicators, I dare to assume that these indicators are the basis for getting signals to open trades. Apparently, the crossing Bollinger Bands channel lines are used as a signal to open a deal, while RSI acts as a filter and sifts out signals with low potential.

A brief video review of Waka Waka MT4 EA:
Official website ➔ Waka Waka EA

Testing
The Expert Advisor is recommended to trade on AUDCAD, AUDNZD, NZDCAD pairs, so I tested it only on these pairs since 2008 with different risk settings. The starting deposit was set at 10000. Here are the results of the tests:

AUDCAD Fixlot 2008-2023:waka-waka-ea-backtest-audcad-fixlot

AUDCAD High Risk Set 120% annual 2008-2023:waka-waka-ea-backtest-audcad-high-risk

AUDCAD Mid Risk Set 40% annual 2008-2023:waka-waka-ea-backtest-audcad-mid-risk

AUDNZD Fixlot 2008-2023:waka-waka-ea-backtest-audnzd-fixlot

AUDNZD High Risk Set 120% annual 2008-2023:
waka-waka-ea-backtest-audnzd-high-risk

AUDNZD Mid Risk Set 40% annual 2008-2023:waka-waka-ea-backtest-audnzd-mid-risk

NZDCAD Fixlot 2008-2023:waka-waka-ea-backtest-nzdcad-fix-lot

NZDCAD High Risk Set 120% annual 2008-2023:waka-waka-ea-backtest-nzdcad-high-risk

AUDNZD Mid Risk Set 40% annual 2008-2023:waka-waka-ea-backtest-nzdcad-mid-risk

All tests were performed with the modeling quality of 99.9% using TDS2 software