What is the Onda fx?

Onda fx is a fully automated forex Expert Advisor robot system usually being sold for a high price. This is a bit old EA that trades on automated.it 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 builds strategies of the OndaFX EA. In addition, the advisor uses and additional trading rules and automatically adapts to market volatility. The EA uses the adaptive trade management algorithm strategy.

This robot is designed for beginners and expert traders. it comes with many parameters.so it isn’t a plug-and-play robot you may need to tune it up.

Forex trading is high risk and has high returns. You must take the right decisions at right time. You cannot take them only through indicators or trading systems. You must have your own knowledge and experience about trading, market behavior, and the world economy. We have given you an A – Z Free forex Lesson series via ProFX Learning Center. Practice all these things on Demo Account before trading on Live Account.

Onda fx consists following indicators, Experts, and templates. You can check them and information to understand the system and signals. We have mentioned here the main indicators, experts, and templates only.

Indicators

          No, any templates included

Expert Advisors

1   OndaFX-EDU.ex4

Templates

    No, any templates included

Libraries

    No, any Libraries included

Presets

    Presets – set_OndaFX.set

Onda fx FAQs

01. Which trading platforms are suitable for Onda fx?

You can run the indicator on MT4 (Meta Trader 4 platform) only. You cannot run it on MT5 or other platforms. More about MT4 and MT5   

02. Which time Frames are suitable for the Onda fx?

You can take any time frame. More about trading time frames.

03. Which currency pairs can the Onda fx trade?

You can use only 4 currency pairs as ERU/AUD, EUR/USD, USD/JPY / XAU/USD. More about currency pairs

04. The indicator system provides signal alerts?

It automatically takes trades.

05. What are the pre-Requirements for Trading?

• You must have a Verified trusted broker Account. Our recommended brokers
• Verified Skrill or Neteler accounts for deposits and withdrawals.  Visit ProFX Premium Store to create and verify Skrill and Neteler accounts for a cheaper cost.

06. What do we need to know about trading first and how to know them?

• You should have good knowledge about the forex market and the market movements.
• You should have good knowledge of fundamentals of currency trading
• Knowledge and experience about Indicators, systems, strategies, and technical and fundamental
• Understand the trading psychology

You can A-Z learn all these things from ProFX Learning Center for free.

07. How to affect news and trading sessions at the Onda fx?

• You can learn more about trading sessions and News trading through ProFX Learning Center.
• You can use www.investing.com to check important news related to the forex market.

How to install and use the Onda fx

1. Download and install MT4 Platform

Visit MT4 configuration Guide to download and install the Meta Trader 4 Platform on your computer or mobile phone. Visit our Recommended Brokers list.

2. Download and install the Onda fx

Visit Indicator Installation Guide to download and install the Onda fx on your MT4 Platform.

Once you install the indicators on your MT4, you need to configure input settings. visit the below link to check the guide about changing indicator settings. Guide Link

3. Required Settings and Configuration

Once you install the System on your MT4, you need to configure input settings as follows

5. Trade with Onda fx

ProFX Learning Center

ProFX Learning center is a different concept started by the profxindicators team. Our primary goal is to carry you towards successful trading. We have provided A – Z lesson series about trading under three stages such as Basic, Intermediate, and Advance. You can learn following through ProFX Learning center.

• Fundamentals of trading
• Trading Platforms
• Indicators, Systems and Expert advisors / Develop own systems and strategies
• Advanced trading techniques
• Step by step practical sessions and test your improvement

Your knowledge improvement on trading will make fewer losses and high returns.

ProFX Freemium Store

You can get followings through ProFX Freemium Store

• High Profitable Indicators, Expert Advisors, and Systems with Verified Results
• Open and Verify Forex and Binary Option Trading accounts (Any Broker)
• Open and Verify Skrill, Neteler, and Payoneer Accounts
• Recover restricted Skrill and Neteler accounts
• Develop Indicators and Experts According to your Strategy

You can follow these images for further trading