Discussion Waka Waka EA

It costs quite a lot in swap fees already so even if it recovers somewhat the swaps fees will absorb the profits.

She made a 3000$ deposit. All her clients who didnt add funds blew their accounts. She made a 43% balance re-deposit.

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

it seems every EA in the world has it's final days.

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.

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?

Very rare signal providers use her Broker.

It looks quite strange.

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.

If this EA will survive, then definitely this EA will be very promising and reliable that traders should definitely have.

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.

Has the myth of MischenkoValeria's unbeaten streak finally been broken. hmm