What the vendor announced
On 10 November 2026, Valery Trading wrote to clients to confirm that Waka Waka had blown up. The email states that the system lost its main track record after more than eight years of live results, during what it calls a strong AUDNZD trend. It gives no account number, no date, and no loss figure. It says the first version is still trading, that it held through the same conditions, and that research into the cause is under way. It closes by calling eight years of live results more than comparable systems deliver.
What the product is
Waka Waka is a grid Expert Advisor for MT4 and MT5, developed by Valeriia Mishchenko and sold by Valery Trading. It trades AUDCAD, AUDNZD and NZDCAD on the M15 timeframe from a single chart, and the vendor publishes four risk sets. The three crosses form a triangle among the Australian, New Zealand and Canadian dollars. The premise is mean reversion: a pair that has stretched away from its usual relationship is expected to close the gap. Execution is algorithmic trading in the literal sense — a fixed rule set on a chart, with filters for news, negative swap, and stock-market stress.
How a grid fails on a cointegrated pair
The system opens a position against a stretch, then adds at set distances as price keeps going. No single trade carries the exit, because the exit is the basket: when the combined position returns to profit, everything closes at once. In an oscillating market that gives a high strike rate and a smooth curve. On a chart that moves one way for weeks, the additions pile up in the wrong direction, and the drawdown grows with the distance travelled, not the size of the first signal.
Cointegration is estimated from history, and it does not survive a repricing of one economy against another. When the relationship breaks, the legs expected to converge keep separating while the grid keeps adding. The three crosses suit range trading because they usually come back, and that same property makes a directional break expensive. A grid does not fail because the average was miscalculated, but because the account runs out of room while the average is still moving away.
What the public records show
The two public records now read very differently. The first is the MQL5 signal published under the product’s name, hosted by MQL5 rather than by the vendor. The second is Myfxbook account 12286158, the record the product page promotes as verified, which carries the title “Waka Waka Original”.
| Record | Published on | Latest figures |
|---|---|---|
| MQL5 signal | MQL5 Signals | Growth -94.97%, balance 165.20 USD, 99.61% drawdown by balance |
| Myfxbook 12286158 | Product page panel | Lifetime gain 1,067.8%, max drawdown 23.84%, 66 of 66 months profitable |
AUDNZD is the only one of the three pairs with a gross loss, about 11,000 USD, against roughly 6,500 USD and 5,800 USD on the other two. Across 5,555 trades the win rate is 73.93%, while the average loss of 27.56 USD is nearly three times the 9.96 USD average win. That is the profile of a system that was right most of the time and wrong once. Past performance does not predict future results, but here it also shows how the loss arrives.
What the announcement leaves out
The note is candid about the loss and thin on the detail a client needs. It does not name the account, date the failure, or say what remained in it. It gives no figure for client accounts on the same settings, and does not say whether the version on sale has changed. On the day it was sent, the product page still called the system “the most proven grid trading system”, claimed “unmatched growth” and showed the +1,067.8% panel, with no mention of the loss. The note also argues that few systems of this kind survive eight years, which may be true and cannot be checked. The vendor’s pages disagree on the length of the record: six-plus years for the live account, eight-plus for the system.
What holders and buyers should check
Four things matter more than the tone.
- Whether a basket is open. A grid can sit in a losing sequence for weeks. Ask for the floating drawdown, not the closed-trade figure.
- Which risk set is loaded. Four are published, and the record that collapsed does not say which it used. Comparing it with your own account is guesswork until then.
- What was withdrawn. The signal shows 500.00 USD initial, 3,000.00 USD deposited, and 4,352.41 USD withdrawn. Withdrawals are why the balance reads 165.20 USD rather than a larger sum that no longer exists.
- Whether the build changed. The announcement says improvements are being researched, not shipped. Ask what the current version contains before treating the failure as solved.
Anyone testing it should start on a demo account, with the swap and commission the broker actually charges, because a grid pays both on every leg. Leverage multiplies the margin the basket needs and the speed of a forced exit.
For a basket of this kind, execution costs matter more than the entry rule: every added position pays the spread and the swap again. IC Markets runs MT4 and MT5 accounts built for automated trading, with VPS hosting, and a deposit bonus that adds margin rather than protection. Traders who want to see the basket on live fills can open an account through IC Markets and size it small first.
Eight years is a long run for a strategy whose entire loss arrives in one piece. The question that outlasts this announcement is not whether the note was frank, because it was, but whether the same tail risk is sitting in an account right now. The record is public, and worth reading before the next deposit.
