Home › Forums › Ready-to-use Robots › Waka Waka Robot › Waka Waka EA performance this month? › Reply To: Waka Waka EA performance this month?
According to the Waka Waka stats it had averaged 7.18% profit per month and has a maximum drawdown of 26.7%. It also touts every month for the last five years had been profitable. Since the average profit per month is 7.18% it stands to reason that some months produce less than 7.18% per month and some months more than 7.18%. Also it stands to reason, since every month has been a winning month, some months could produce a profit below 1% but greater than 0% with a risk every month of having a 26.7% drawdown. To adjust the risk so that the maximum drawdown is less than 5% so as not to fail the FTMO drawdown requirement and close the account also means to have a smaller monthly profit to well below 7.18%. So by reducing the risk therefore would indicate that the monthly profit would be too low to pass the price target to complete the Challenge or the Verification phase. As a result I don’t see how this EA can be used to pass the Challenge or the Verification phase. I do see how it can be used in a very low risk / low profit funded FTMO account. If the funded account performance Petko has shown above is for one month then it represents a monthly profit of about 0.7%.