Waka Waka EA (By MischenkoValeria)

Gain : +8713.1%
Drawdown 70.24%
Pips: 11618.3
Trades 4215
Won:
Lost:
Type: Real
Leverage: 1:300
Trading: Automated

Waka Waka EA Discussion

Aug 21, 2021 at 10:09
4,562 Views
37 Replies
Member Since Mar 05, 2024   5 posts
Apr 30 at 12:02
It costs quite a lot in swap fees already so even if it recovers somewhat the swaps fees will absorb the profits.
Member Since Dec 29, 2021   1 posts
Apr 30 at 17:03
She made a 3000$ deposit. All her clients who didnt add funds blew their accounts. She made a 43% balance re-deposit.
Member Since Dec 13, 2023   32 posts
May 01 at 03:06
StevenSbrugnera posted:
She made a 3000$ deposit. All her clients who didnt add funds blew their accounts. She made a 43% balance re-deposit.
That's really sad to hear, people should look at the risk:reward ration before making any deposits
Member Since Feb 03, 2024   18 posts
May 01 at 11:55
it seems every EA in the world has it's final days.
Member Since Sep 12, 2022   1 posts
May 01 at 17:29
Might find the Breakout or Trend Following EAs are performing well in this kind of market activity.

Martingale EAs get hurt when there is a prolonged move without any retracement. eg the recent AUDNZD. activity.
Very important to understand the profit distribution of any strategy. Martingale / mean-reversion type have a Negative Skew (lots of small winners but a small number of LARGE losers). Unfortunately this type of EA/Strategy appeals to retail traders who want to see profits immediately and continually. Some quants refer to Mean Reversion strategies as 'accidents waiting to happen'.
Breakout type EAs/strategies are Positively Skewed (large number of small losses and small number of large wins that more than compensate) . They also require more patience, tolerance and confidence in the strategy.
There is a right time and right market to trade each type of EA/Strategy, it is really up to the skill of the trader to make this determination.

It is important to study the above characteristics of any EA before deploying it. Also, the worse time to deploy it might be after it has had a long profitable run. Market activity works in cycles and the longer you have profited from one type, the closer you are getting to the inevitable shift to the next phase.
Member Since May 01, 2024   1 posts
May 02 at 05:29
Signals365 posted:
Might find the Breakout or Trend Following EAs are performing well in this kind of market activity.

Martingale EAs get hurt when there is a prolonged move without any retracement. eg the recent AUDNZD. activity.
Very important to understand the profit distribution of any strategy. Martingale / mean-reversion type have a Negative Skew (lots of small winners but a small number of LARGE losers). Unfortunately this type of EA/Strategy appeals to retail traders who want to see profits immediately and continually. Some quants refer to Mean Reversion strategies as 'accidents waiting to happen'.
Breakout type EAs/strategies are Positively Skewed (large number of small losses and small number of large wins that more than compensate) . They also require more patience, tolerance and confidence in the strategy.
There is a right time and right market to trade each type of EA/Strategy, it is really up to the skill of the trader to make this determination.

It is important to study the above characteristics of any EA before deploying it. Also, the worse time to deploy it might be after it has had a long profitable run. Market activity works in cycles and the longer you have profited from one type, the closer you are getting to the inevitable shift to the next phase.
Kindly explain the breakout strategy please?
Member Since Mar 05, 2018   4 posts
May 02 at 08:58
Very rare signal providers use her Broker.

It looks quite strange.
Member Since Aug 27, 2018   3 posts
May 03 at 16:11 (edited May 03 at 16:11)
Another week of uptrend and it will burns the account. The stop losses are so large that it's like not having them. I'm sorry for those who believed it.
Member Since Apr 15, 2023   1 posts
May 06 at 06:32
If this EA will survive, then definitely this EA will be very promising and reliable that traders should definitely have.
Member Since Mar 05, 2024   5 posts
May 06 at 07:29
Rhy0618 posted:
If this EA will survive, then definitely this EA will be very promising and reliable that traders should definitely have.
It already went bust. The new deposit saved the account for now but the underlying problem stays the same. Martingale Ea's will go bust once the trend does not revert. Even more on pairs with high swap costs.

This EA is a fraud because of the new deposit. Stay clear.
Member Since Jun 28, 2017   5 posts
May 07 at 23:46
Has the myth of MischenkoValeria's unbeaten streak finally been broken. hmm
Member Since Dec 13, 2023   32 posts
May 08 at 02:45
ziko8jp posted:
Has the myth of MischenkoValeria's unbeaten streak finally been broken. hmm
Yes
Member Since Oct 30, 2020   1 posts
May 23 at 14:22
Is it possible to update the myfxbook connection?
Thanks in forward.
Member Since May 30, 2024   2 posts
Jun 10 at 10:19
it's a bit strange that there aren't more big DD with this type of EA, made up mainly of martingales and grids.

I went for a TPSL robot from Angelite and I don't regret it at all.
Member Since Aug 11, 2023   13 posts
Jun 10 at 20:28
Sibzerr posted:
it's a bit strange that there aren't more big DD with this type of EA, made up mainly of martingales and grids.

I went for a TPSL robot from Angelite and I don't regret it at all.
more big DD? it literally says 70% drawdown , and thats in losses idk how much in equity , all of that to gain 300% in 6 years? lol.
this is what a really good system should look like

Attachments:

Member Since Mar 21, 2023   22 posts
Jun 18 at 01:02
hamzaaraydah posted:
Sibzerr posted:
it's a bit strange that there aren't more big DD with this type of EA, made up mainly of martingales and grids.

I went for a TPSL robot from Angelite and I don't regret it at all.
more big DD? it literally says 70% drawdown , and thats in losses idk how much in equity , all of that to gain 300% in 6 years? lol.
this is what a really good system should look like
damn so convincing without live update lmao ;)
Member Since Aug 11, 2023   13 posts
Jun 18 at 11:26
DevinAkarsular posted:
hamzaaraydah posted:
Sibzerr posted:
it's a bit strange that there aren't more big DD with this type of EA, made up mainly of martingales and grids.

I went for a TPSL robot from Angelite and I don't regret it at all.
more big DD? it literally says 70% drawdown , and thats in losses idk how much in equity , all of that to gain 300% in 6 years? lol.
this is what a really good system should look like
damn so convincing without live update lmao ;)
maybe because i dont have a subscription in myfxbook , wont matter tho lol, i can give you the investor pass if thats the case ;)
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