Wazaby: Automated MT5 triangular pair trading with verified performance results

This Wazaby review presents a 2026 performance analysis focused on how the Expert Advisor reacts in correlated forex environments and what results traders can reasonably expect. The Wazaby strategy is unique in its exclusive use of a triangular relationship between AUDCAD, AUDNZD and NZDCAD, which reduces single-pair directional exposure while capturing relative mispricings across the three quoted pairs. In our analysis we considered live and backtest data, looking for consistency in results, average trade length, and maximum adverse excursion statistics. Wazaby is not based on grid or martingale and explicitly avoids recovery techniques, which makes its risk profile different from many retail EAs. The algorithm samples price differentials and correlation coefficients, then initiates offsetting buys and sells according to predefined thresholds and volatility filters. Risk management is embedded in the entry logic, fixed stop placement, and per-trade lot sizing tied to account equity. HEGUI Morad developed the system for MT5 and priced the product at $199, positioning it as an accessible tool for serious retail accounts. In practice, Wazaby performs best in moderately trending or range-bound markets where correlation relationships remain stable. Expected performance characteristics include modest monthly returns with low-to-moderate drawdowns when parameters are tuned conservatively. Traders should monitor spread sensitivity and broker symbol naming conventions, since Wazaby supports only the three specified pairs and may require symbol mapping for brokers with suffixes or prefixes.