Onda FX is a profitable forex advisor, which is based on a simple and very popular among traders standard indicator called Bollinger Bands. This indicator shows on the chart of the wave (in Italian “Onda”), from here and the name of this advisor. It is based on Bollinger Bands and build strategies of the OndaFX EA. In addition, the advisor uses and additional trading rules and automatically adapts to market volatility.
- Trading Platforms – Meta Trader 4 (MT4)
- Timeframes: H1
- Currency pairs – AUD/USD, EUR/USD
- EA Version: 1.2
- News trading – We advised to be careful in important news.
You can use www.investing.com to check daily news. It will help you to overcome inaccurate signals and loses.
- Trading Sessions – Trading Time: Set the setting of the EA for a certain time
Broker Requirement :
The default settings, are changed only the parameters lot_size_1, lot_size_2 and lot_size_3.
As you can see, in this case the right approach in working with simple technical indicator, made a very profitable forex advisor, especially for the pair EURUSD.