Thanks for this video. I made the exact same mistake. Closing my open trades at -4k and restarting with lower risk settings. Lesson learnt about the risk engine
I am trading on mt5 fxpig sever prop firm with 1:30 leverage. The EA is not taking trade after I have set it up for more than 24 hours. How can I make it trade automatically
Make sure you see a smiley face or blue hat in the top right hand corner of your chart. If your EA is installed correctly, check to make sure all settings are suited to your account size and trading conditions. If all is correct, the EA will place trades when market conditions trigger an entry
I'm new to your channel but I sincerely hope you have explained to your audience that Martingales and Grids are gambling and not trading. I'm sure you know you can do the same 1 month "trading" by going to the casino for a couple of hours and betting red/black, and doubling the bet when you lose the previous bet. The fees and costs of trading platforms are a good analogue of the 0 and 00 on the roulette which ensures that the house always wins. Trading is when you have an edge, a 55-45, and try to make everything else work.
Hi germank7924, yes, martingale systems are risky, which is why it's important that any EA you are using has a verified track record, and a good backtest. This is why we always show either or both of these.
hi, i am in eaforexacademy and my question is, if i trade a ftmo swing funded account with a laverage of 1:30, how should i set the waka. i thought waka is a swing ea, but you sad at the first moment you make the mistake and did not set the waka right for the ldarwin low laverage, because waka normal set goes for 1:100. So how should i set the waka for swing ftmo?
I would recommend you don't use the Waka Waka on FTMO at all. We got banned, and the reason they gave was that we were using 'malicious' software. The only software we used was the Waka Waka EA
The leverage can be 1:200 but the margin requirement can be set by the broker a lot higher. E.g. with 1:100 on EURUSD you normally have a margin requirement of 1% (1000 EUR), but if they increases the margin requirement to 5%, then you'd be putting down 5k EUR as margin - this is more difficult to find than the leverage. Reputable brokers communicate this to clients.
Hi up-your-skills, If your broker uses a suffix (e.g. AUDCAD.a) you should update names in the Symbol parameter. You can find more information the in the manual or email the developer with any questions you may have. They'll be happy to answer.
Petko were you able to pass challenge with Waka waka for FTMO? Which prop accounts challenges did you pass? Please ask both: did you pass FTMO and what other prop account did you pass wiht Waka Waka?
Hi emred1614, Until recently the Waka Waka EA wasn't suitable for prop firm challenges. However with the recent updates and the new protections that are included it can be used for prop firm challenges. I am currently using it on a 200 K challenge and you can see the results by clicking on the link to myFXbook in the video description.
I guess the best is get 8 pip tp.and tweak 4 pip sl , use like 1 to 5 ... That will work even in. Aprop firm and the best will be only use one pair or 2. Not 3
It will be very interesting to see if you get an allocation. Both of the EA's you have put on have been around for quite a while, and it states their terms of service that duplicating strategies will not receive an allocation,well that is to say only the most profitable of the duplication strategies will receive an allocation. What is most telling from these videos is that you are not using your own software to generate strategies. Why's that? Why, if you have software that generates profitable strategies, would you not be using that specifically and instead go with commercially available robots?😮😮😮😮😮
Could be due to settings, protections being implemented or account issues. Check you journal for any errors, and if you're still having trouble, contact the developers and ask them to send you a custom set file for your exact needs
Hey guys i have a question, i have a bootcamp challenge with the 5ers, can I connect it to Darwinex to get capital from investors or i have to open a live account and trade to get capital? I'm new to Darwinex not sure how it works. Also when i was trying to Create account, i can't see Canada as one of they countries, I was wondering how?
Hi SMC_Trading22, the 2 platforms are completely separate, and cannot be used together. 5ers is a prop firm, where if you pass the challenge, you get funded. Darwinex is an asset management firm that doesn't have a required challenge first, and will continue to fund you, eventually opening you up to investors funding. This way, your account will continue to grow, as long as you're profitable. Check out the videos on Darwinex that I recorded to get a better understanding
hey bro, i have an EA here, do you wanna test? my EA place order when the candle is bullish or bullish trend. also my ea closes order when dollar amount is reach instead of tp using pips
In Darwinex, you get a management fee. It's not a prop firm, it's an asset management company. Your asset management fee is 15% of the profits, which accumulates the more you're profitable, and the more you get allocated funds.
Hi stefd5886, it was challenging in the beginning due to the leverage being 1:10. I overlooked this. However, I changed settings and EAs, and it has since recovered, and is now profitable. I will share the details and results in an upcoming video.
Hi jamesmurray5345, The Waka Waka has proven itself to be consistently profitable and with the time limit removed, I believe it will work, but on low risk settings, it will take time.
Hi Sivakumar-op9mr, I have personally never had an issue, however if you are concerned about this, simply change 1 or 2 very minor settings in the properties.
It's kind of unlikely because in addition to having to detect the same configuration, traders would have to turn on the ea at exactly the same moment to get the exact input values
Hello ... its sailesh from india.. I have tried testing forex flex ea v4.91 which is free for download... the results were good on mt4 backtesting but after loading it on vps then testing it the results are bad? Any reason
If I close the open trade in an ea manuelly then will the robot stop working from then on... or it will open new trades when there will be time for execution?
Hi saileshmishra1026, generally trades will open whenever the market conditions are right and the strategy properties are met, irrespective of whether you close previous trades manually. As long as the EA is active, it will keep opening trades.
Hi @prplutem, in the first Darwinex Zero video, I show how it works, and I will continue to make videos about it, as I learn and trade. Subscribe to follow the progress
Hello, I am not sure that Darwinex Zero allows traders use Same EA, this would be duplicated strategy, do you have any info about that? Let's say many other traders also use Waka and The Night hunter EAs, will the Darwinex accept to allocate? Thank you
Hi tieuyeutinh1511, we have had no issues trading the same EAs. The important thing is that you are profitable, and each EA has different set files which change the entry and exit rules. You can also slightly change the settings to change the results and trade rules.
Darwinex do check for correlation with other systems on their platform and this can cause the allocated funds to be removed from your account. Inside your dashboard you can see the systems that are closest to your own.
@@PetkoAleksandrov have you ever had difficulties withdrawing your profits using "commercial" EAs (the risk of several people using the same and it being flagged hence no withdrawal)?
Hi Logitecc1, I do not use the Waka Waka for passing the challenge, only on my funded account after I have passed the challenge. To pass, I use a combination of my FTMO robot and manual trading, as I teach in the FTMO Masterclass.
You are using the settings wrong my friend. Its EITHER you choose risk based on the balance or deposit load. You changed the balance to 10000 for every 0.01 lot, thats fine. Changing the deposit load then to 0.08 doesn't do anything since lotsize is already determined by the 0.01/10000 combination. If you want to use the deposit load for determining the lotsize then choose "based on deposit load" instead of "based on balance" in the risk field
I don't see how you are providing any value to investors by using a robot that has the risk of blowing up. As an investor my first fear when selecting a manager is if he is using a martingale or grid system. Because I've seen time and time again managers that blow up the moment a couple investors take their money out and they can no longer cover the losses.
Hi honestalgo, while grid and martingale systems can indeed be risky, there are ways to mitigate that risk. Trading low-risk set files for example, lower entry sizes and smaller leverage. But, I do mention in many of my videos that there is risk involved, of course.
Hey Petko, love your stuff!! I have a 200,000 account with Next Step Funded, a prop firm, and I'm unsure of where to put the 5% for the max daily drawdown, and I wasn't sure if I should up the lot size because it is a 200k account Oh, sorry, I just bought Waka Waka. Can you help me please!! Thank you!
Hi bouncingheart4677, the Waka Waka has just had a major update which includes protections, one of which is the daily risk / drawdown. Stay tuned, the video explaining it all will be released in the next few days. Currently, it's not really suitable for challenges, but with the update it will be
Yes, because the leverage is too low with Darwinex to get the kind of results we want. This is why we are trading Waka Waka only on a live account now.
Guys, I arranged 20EUR OFF for all my subscribers for the Darwinex Zero: eatradingacademy.com/s/jpedB
Yes I did use your link to open DarwinX. Keep up the good work and create new videos for the updates..
Thanks for this video. I made the exact same mistake. Closing my open trades at -4k and restarting with lower risk settings. Lesson learnt about the risk engine
Glad it helped!
So is it possible to use waka Waka on darwinex zero ? What are the best inputs ?
I am trading on mt5 fxpig sever prop firm with 1:30 leverage. The EA is not taking trade after I have set it up for more than 24 hours. How can I make it trade automatically
Make sure you see a smiley face or blue hat in the top right hand corner of your chart. If your EA is installed correctly, check to make sure all settings are suited to your account size and trading conditions. If all is correct, the EA will place trades when market conditions trigger an entry
I'm new to your channel but I sincerely hope you have explained to your audience that Martingales and Grids are gambling and not trading. I'm sure you know you can do the same 1 month "trading" by going to the casino for a couple of hours and betting red/black, and doubling the bet when you lose the previous bet. The fees and costs of trading platforms are a good analogue of the 0 and 00 on the roulette which ensures that the house always wins. Trading is when you have an edge, a 55-45, and try to make everything else work.
Hi germank7924, yes, martingale systems are risky, which is why it's important that any EA you are using has a verified track record, and a good backtest. This is why we always show either or both of these.
you sir have never came across a profitable grid EA yet, and that’s ok.
martingale EA's are a losers game!
@@zayfirstplace😂😂😂😂😂😂
There's a lot profitable grid EA but be prepared coz one day you'll be on zero again
@@Rootham297 exactly
hi, i am in eaforexacademy and my question is, if i trade a ftmo swing funded account with a laverage of 1:30, how should i set the waka. i thought waka is a swing ea, but you sad at the first moment you make the mistake and did not set the waka right for the ldarwin low laverage, because waka normal set goes for 1:100. So how should i set the waka for swing ftmo?
I would recommend you don't use the Waka Waka on FTMO at all. We got banned, and the reason they gave was that we were using 'malicious' software. The only software we used was the Waka Waka EA
Why on the MetaTrader the Leverage setting was 1:200? Wasn't it supposed to be 1:10 from the very beggining?
Hi carloscastillo4421, the issue wasn't on the platform, but rather the settings of the EA which were not optimised for a low leverage of 1:!0
The leverage can be 1:200 but the margin requirement can be set by the broker a lot higher. E.g. with 1:100 on EURUSD you normally have a margin requirement of 1% (1000 EUR), but if they increases the margin requirement to 5%, then you'd be putting down 5k EUR as margin - this is more difficult to find than the leverage. Reputable brokers communicate this to clients.
What is the leaverage of the Darwinex Zero account? 1:30 ?
Hi tamjohnson8796, it's 1:10
I am very impressed with your ability to produce informative and interesting content
How to set suffix please 😢 help me bro what should i put in symbols for suffix broker
Hi up-your-skills, If your broker uses a suffix (e.g. AUDCAD.a) you should update names in the Symbol parameter. You can find more information the in the manual or email the developer with any questions you may have. They'll be happy to answer.
How big is your starting lot size with those settings?
What is your starting lot size with those settings?
Petko were you able to pass challenge with Waka waka for FTMO? Which prop accounts challenges did you pass? Please ask both: did you pass FTMO and what other prop account did you pass wiht Waka Waka?
Hi emred1614, Until recently the Waka Waka EA wasn't suitable for prop firm challenges. However with the recent updates and the new protections that are included it can be used for prop firm challenges. I am currently using it on a 200 K challenge and you can see the results by clicking on the link to myFXbook in the video description.
@@PetkoAleksandrov Thank you Petko!...
I guess the best is get 8 pip tp.and tweak 4 pip sl , use like 1 to 5 ... That will work even in. Aprop firm and the best will be only use one pair or 2. Not 3
It will be very interesting to see if you get an allocation. Both of the EA's you have put on have been around for quite a while, and it states their terms of service that duplicating strategies will not receive an allocation,well that is to say only the most profitable of the duplication strategies will receive an allocation. What is most telling from these videos is that you are not using your own software to generate strategies. Why's that? Why, if you have software that generates profitable strategies, would you not be using that specifically and instead go with commercially available robots?😮😮😮😮😮
Hey, why is my Waka Waka EA not taking trades automatically despite being on and running?
Could be due to settings, protections being implemented or account issues. Check you journal for any errors, and if you're still having trouble, contact the developers and ask them to send you a custom set file for your exact needs
I am trying to buy this EA, and your referal link is not working. It open the website, but discount of 200$ is not getting applied
Hey user-ti1wz3eb4h, the robot is currently being discounted by the vendor, so it's already applied.
Hey guys i have a question, i have a bootcamp challenge with the 5ers, can I connect it to Darwinex to get capital from investors or i have to open a live account and trade to get capital? I'm new to Darwinex not sure how it works. Also when i was trying to Create account, i can't see Canada as one of they countries, I was wondering how?
Hi SMC_Trading22, the 2 platforms are completely separate, and cannot be used together. 5ers is a prop firm, where if you pass the challenge, you get funded. Darwinex is an asset management firm that doesn't have a required challenge first, and will continue to fund you, eventually opening you up to investors funding. This way, your account will continue to grow, as long as you're profitable. Check out the videos on Darwinex that I recorded to get a better understanding
hey bro, i have an EA here, do you wanna test? my EA place order when the candle is bullish or bullish trend. also my ea closes order when dollar amount is reach instead of tp using pips
Hi simplextrade408, please send us an email to support@eatradingacademy.com, and we will review it and make a decision from there.
Hi Petho can you trade with more than one ea’s on the Dawinex zero account
Yes, you can. You can trade multiple charts on your MT platforms, with an EA on each
how to select the capital at darwinex ? Or its a fixed equity of 100k ?
The demo account is 100K by default after you sign up
Do you have courses for trading without robots?
Yep, here they are: eatradingacademy.com/courses/manual-trading/
How much is profit share in darwin?
In Darwinex, you get a management fee. It's not a prop firm, it's an asset management company. Your asset management fee is 15% of the profits, which accumulates the more you're profitable, and the more you get allocated funds.
Hello Petko, how is your journey with Darwinex going?
Hi stefd5886, it was challenging in the beginning due to the leverage being 1:10. I overlooked this. However, I changed settings and EAs, and it has since recovered, and is now profitable. I will share the details and results in an upcoming video.
Wonderful video sir, definitely would like to watch the update of your darwinex zero with Waka Waka EA. 😀
EA Creator here... Does the risk management do Partial Stop Losses after a certain amount of Drawdown?
Hi jamesmurray5345, The Waka Waka has proven itself to be consistently profitable and with the time limit removed, I believe it will work, but on low risk settings, it will take time.
how are you doing meanwhile with your darwin?
Hi oliverumbrath1250, stay tuned. I have already recorded and published several videos, and will be recording more
Is it okay to use ea? Will system detect my trades as identical? Because many people might use the same EA right??
Hi Sivakumar-op9mr, I have personally never had an issue, however if you are concerned about this, simply change 1 or 2 very minor settings in the properties.
@@PetkoAleksandrov can u please share more about DD??
It's kind of unlikely because in addition to having to detect the same configuration, traders would have to turn on the ea at exactly the same moment to get the exact input values
Hello, please can i have update of your wakawaka on Darwinex please ? 🙏
Hi arnaud5117, I will be releasing more videos in the near future showing the progress.
You are Amazing, Can you please let us know what should be the setting in WAKA WAKA for FTMO challenge of 10k please
Personally, I use low-risk with the protections included. You can set your account size in the properties
Hello ... its sailesh from india..
I have tried testing forex flex ea v4.91 which is free for download... the results were good on mt4 backtesting but after loading it on vps then testing it the results are bad? Any reason
Maybe it has to do with the ping settings and also the slippage and spreads
If I close the open trade in an ea manuelly then will the robot stop working from then on... or it will open new trades when there will be time for execution?
Hi saileshmishra1026, generally trades will open whenever the market conditions are right and the strategy properties are met, irrespective of whether you close previous trades manually. As long as the EA is active, it will keep opening trades.
If you have waka waka EA drop your genuine review and how it performs on your account.
I have it on a few accounts. Here is a video I showed some Live results: th-cam.com/video/Vgx_DUpu8-c/w-d-xo.html
how to avail waka waka EA?
Hi lawrencelaureta5360, you can download it here, with a $200 discount. eatradingacademy.com/s/tDXNm
How work darwinex Zero?
Hi @prplutem, in the first Darwinex Zero video, I show how it works, and I will continue to make videos about it, as I learn and trade. Subscribe to follow the progress
Hey petko, u heard about ftmo now is unlimited trading day on evaluation phase? Hope u try to pass it with waka waka maybe? 🤔
Sure, it’s already in my to-do-list.
how much % of profit stay with us ?
Hi cosmelazaro7672, market conditions will determine this. Stay tuned as I record more videos with my results.
@@PetkoAleksandrov ight
Hello, I am not sure that Darwinex Zero allows traders use Same EA, this would be duplicated strategy, do you have any info about that? Let's say many other traders also use Waka and The Night hunter EAs, will the Darwinex accept to allocate? Thank you
Hi tieuyeutinh1511, we have had no issues trading the same EAs. The important thing is that you are profitable, and each EA has different set files which change the entry and exit rules. You can also slightly change the settings to change the results and trade rules.
Darwinex do check for correlation with other systems on their platform and this can cause the allocated funds to be removed from your account. Inside your dashboard you can see the systems that are closest to your own.
@@PetkoAleksandrov have you ever had difficulties withdrawing your profits using "commercial" EAs (the risk of several people using the same and it being flagged hence no withdrawal)?
are you using the Standard settings of Waka ? could u share the settings for passing a funded account challenge?
Hi Logitecc1, I do not use the Waka Waka for passing the challenge, only on my funded account after I have passed the challenge. To pass, I use a combination of my FTMO robot and manual trading, as I teach in the FTMO Masterclass.
You are using the settings wrong my friend. Its EITHER you choose risk based on the balance or deposit load. You changed the balance to 10000 for every 0.01 lot, thats fine. Changing the deposit load then to 0.08 doesn't do anything since lotsize is already determined by the 0.01/10000 combination. If you want to use the deposit load for determining the lotsize then choose "based on deposit load" instead of "based on balance" in the risk field
Keep us updated
i went to wrong url that is darwinex without zero, what is difference between that two ?
Hi superlioairlangga8098, Darwinex is the broker, Darwinex Zero is the investment program the broker offers.
I don't see how you are providing any value to investors by using a robot that has the risk of blowing up. As an investor my first fear when selecting a manager is if he is using a martingale or grid system. Because I've seen time and time again managers that blow up the moment a couple investors take their money out and they can no longer cover the losses.
Hi honestalgo, while grid and martingale systems can indeed be risky, there are ways to mitigate that risk. Trading low-risk set files for example, lower entry sizes and smaller leverage. But, I do mention in many of my videos that there is risk involved, of course.
I would be grateful if you would make video to cover the shutdown of MyForexFund and the road ahead of Prop Firm business.
Hey Petko, love your stuff!! I have a 200,000 account with Next Step Funded, a prop firm, and I'm unsure of where to put the 5% for the max daily drawdown, and I wasn't sure if I should up the lot size because it is a 200k account Oh, sorry, I just bought Waka Waka. Can you help me please!! Thank you!
Hi bouncingheart4677, the Waka Waka has just had a major update which includes protections, one of which is the daily risk / drawdown. Stay tuned, the video explaining it all will be released in the next few days. Currently, it's not really suitable for challenges, but with the update it will be
It's that sure
Plz show us best setup manually waka waka ea for 2k balance also darwinx account
Hi akuzzal4189, email the developer to get the right settings file. They will be happy to help.
Why in Chinese 😂😂
Hi @Joel-xw9ls, what do you mean? If it's in Chinese, it must be picking up your location as China. Are you using a VPN?
The signing up
nice info ..
Thanks! Glad you liked it!
-12k floating p/l 😲 yeah keep update about this easy how this go
Sure, I will. It will recover the loss, but it will be slower because of the leverage and the very low-risk settings I have now.
@@PetkoAleksandrov understand
Helallik çok iyi 😂😂😂😂😂
i think the ultimate problem is the fact you are using grid trading with martingale.
Yes, because the leverage is too low with Darwinex to get the kind of results we want. This is why we are trading Waka Waka only on a live account now.