Enhancing Trading Performance with Waka Waka, Perceptrader AI and Golden Pick Axe

Table of Contents

1. Introduction
2. Setting up a Demo Account with Valerie Trading
   • Obtaining the Golden Pickaxe
   • Creating a Video for Valerie Trading
   • Installing Bots: Golden Pickaxe, Precept Trader AI, and Wakka Waka
3. Configuring the Bots
   • Setting Up Wakka Waka
   • Setting Up Precept Trader AI
   • Setting Up Golden Pickaxe
4. Running the Bots
   • Monitoring Performance
   • Adjusting Risk Levels
   • Exploring AI and Machine Learning Features
5. Conclusion

Setting up a Demo Account with Valerie Trading

Today, we will discuss the process of setting up a demo account with Valerie Trading, a renowned platform for automated trading solutions. In recent times, I was fortunate enough to receive a free copy of the Golden Pickaxe EA from Valerie Trading. This opportunity arose when Valerie Trading reached out to me, requesting a video showcasing my experience with their EAs and live account usage. In return, I was given the valuable Golden Pickaxe EA, a $2,000 worth tool. Excited by the prospect, I embarked on creating a video that covered the installation of three bots - the Golden Pickaxe, Precept Trader AI, and Wakka Waka - on a single account.

Obtaining the Golden Pickaxe

During the Black Friday sale, I had planned to purchase the Golden Pickaxe EA. However, Valerie Trading's email offering the chance to create a video in exchange for a free copy of the EA changed my plans. The opportunity to acquire a $2,000 EA simply by making an 8-minute video was too good to pass up. Although I edited the video down to 8 minutes from the initial 30-minute Recording, I believe it was a fair trade. In this video, I documented the installation process, selected the bots, and set the parameters for optimal performance.

Creating a Video for Valerie Trading

To begin, I installed three bots - the Golden Pickaxe, Precept Trader AI, and Wakka Waka - on my demo account. The aim was to boost the percentage of return on the account by incorporating the Golden Pickaxe alongside another bot. Many traders express concerns about the profitability of EAs, advocating for increased returns. I shared a desire to test whether adding the Golden Pickaxe to an account with another bot would yield an additional 1-2% monthly boost in returns.

Installing Bots: Golden Pickaxe, Precept Trader AI, and Wakka Waka

In this video journey, I established the step-by-step process of installing the Golden Pickaxe, Precept Trader AI, and Wakka Waka bots on a single account. While I contemplated running all three bots simultaneously, I also considered focusing on either Precept Trader AI or Wakka Waka while incorporating the Golden Pickaxe. Consequently, this video covered the complete installation process, providing insights into my bot selection process and set files.

Configuring the Bots

After successfully installing the bots on the demo account, it was necessary to configure them for optimal performance. Each bot required specific settings to ensure efficient and profitable trading.

Setting Up Wakka Waka

Wakka Waka operates on the 15-minute timeframe and generates trading signals based on Bollinger Bands and RSI indicators. In this video, I explained how to set up Wakka Waka on the AUD/CAD Chart, specified the necessary parameters, and demonstrated the selection of appropriate set files. Additionally, I highlighted the significance of Auto Trading in the terminal and explained how to enable it for Wakka Waka.

Setting Up Precept Trader AI

The Precept Trader AI Bot, which runs on the 5-minute timeframe, utilizes neural networks and machine learning for its trading decisions. I guided viewers on configuring Precept Trader AI and showcased the process of selecting set files. The bot's precept configuration, neural network integration, and risk management settings were discussed in detail. I also explained the importance of enabling Auto Trading to ensure the smooth functioning of Precept Trader AI.

Setting Up Golden Pickaxe

Golden Pickaxe, the third bot featured in this video, is designed to run on the 1-minute chart. Its trading decisions are based on innovative AI filters, providing a high level of accuracy. Here, I guided viewers through the process of configuring and selecting the appropriate set file for the Golden Pickaxe bot. Moreover, I provided insights into risk management, news filtering services, and crash filters, enhancing viewers' understanding of the bot's functionality.

Running the Bots

With all three bots installed and configured, I focused on monitoring their performance in real-time. The goal was to evaluate the impact of incorporating the Golden Pickaxe alongside the other bots on overall profitability.

Monitoring Performance

I discussed the importance of regularly monitoring the bots' performance to ensure their effectiveness. By tracking the bots' trades, drawdowns, and account balances, traders can make informed decisions about risk management and necessary adjustments. I provided viewers with practical tips on analyzing trading results and maintaining a healthy trading account.

Adjusting Risk Levels

Considering the varying risk appetites of traders, I highlighted the significance of adjusting risk levels based on individual preferences. Traders can choose between low, mid, and high-risk modes according to their account size, leverage, and risk tolerance. I offered guidance on selecting appropriate risk levels while emphasizing the importance of understanding the impact on drawdowns and potential profits.

Exploring AI and Machine Learning Features

In this video, I emphasized the utilization of AI and machine learning features in the bots to enhance trading performance. By using AI filters, neural networks, and machine learning technologies, traders can benefit from advanced trading strategies. I discussed the implications of enabling these features and their potential impact on trading outcomes, urging viewers to experiment with these functionalities.

Conclusion

In conclusion, this video journey documented the process of setting up a demo account with Valerie Trading and installing the Golden Pickaxe, Wakka Waka, and Precept Trader AI bots. By combining these bots, I aimed to maximize the account's profitability, targeting an additional 1-2% monthly boost. The configurations and settings of each bot were explored, and practical guidance on monitoring performance and adjusting risk levels was provided. The video highlighted the importance of embracing AI and machine learning features within the bots to enhance trading outcomes.