Waka Waka EA (By MischenkoValeria)
| Gain : | +9536.41% |
| Drawdown | 70.24% |
| Pips: | 11796.7 |
| Trades | 4451 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:300 |
| Trading: | Automated |
Waka Waka EA Discussion
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.
forex_trader_3531958
Member Since Dec 13, 2023
32 posts
May 01 at 03:06
StevenSbrugnera posted:That's really sad to hear, people should look at the risk:reward ration before making any deposits
She made a 3000$ deposit. All her clients who didnt add funds blew their accounts. She made a 43% balance re-deposit.
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
6 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.
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.
The Trend is NOT your friend
Member Since May 01, 2024
1 posts
May 02 at 05:29
Signals365 posted:Kindly explain the breakout strategy please?
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.
May 06 at 07:29
Rhy0618 posted: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.
If this EA will survive, then definitely this EA will be very promising and reliable that traders should definitely have.
This EA is a fraud because of the new deposit. Stay clear.
forex_trader_3531958
Member Since Dec 13, 2023
32 posts
May 08 at 02:45
ziko8jp posted:Yes
Has the myth of MischenkoValeria's unbeaten streak finally been broken. hmm
Member Since Oct 30, 2020
1 posts
May 23 at 14:22
Is it possible to update the myfxbook connection?
Thanks in forward.
Thanks in forward.
Member Since Aug 11, 2023
14 posts
Jun 10 at 20:28
Sibzerr posted: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.
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.
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:damn so convincing without live update lmao ;)Sibzerr posted: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.
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.
this is what a really good system should look like
Member Since Aug 11, 2023
14 posts
Jun 18 at 11:26
DevinAkarsular posted:maybe because i dont have a subscription in myfxbook , wont matter tho lol, i can give you the investor pass if thats the case ;)hamzaaraydah posted:damn so convincing without live update lmao ;)Sibzerr posted: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.
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.
this is what a really good system should look like
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