OndaFX Expert Advisor Review

OndaFX Expert Advisor

Price: $179.99 (OndaFX Expert Advisor, 1 License, Free Updates & Friendly Support)
Currency Pairs: EURUSD
Time Frame: H1

Note: ONDAFX EA SOLD OUT!

Welcome to this BestForexEAs.com website and our OndaFX Expert Advisor review!

OndaFX EA uses a mean reversion approach with Bollinger Bands, trading the EURUSD on the H1 time frame with typical targets of 20–40 pips per trade. The system opens trades when H1 bars close outside the bands and features risk management by closing positions at breakeven or small losses. Backtesting over 24 months suggests steady monthly profits averaging 417 pips, and the EA includes a customizable indicator called HyperBB. The package comes with setting files, online instructions, email support, and a 30-day money-back guarantee, making it suitable for accounts starting at $1,000. User reviews are mixed: some appreciate its straightforward setup and profit potential, while others note certain limitations and recommend diligent monitoring.

Live Account Trading Results:

OndaFX Expert Advisor Review – Best Forex EA Based On Bollinger Bands

OndaFX Expert Advisor has been developed by Andrea Salvatore and his team using Bollinger Bands.

Bollinger Bands are probably one of the most famous and used indicator by every trader. It shows a sort of wave (“onda” in Italian) that helps you understand when a price can be considered “high” or “low”. Despite the fact that this indicator is quite easy to read it’s not that easy to trade.

Andrea and his team just developed a simple but effective Forex Expert Advisor that can be automated and has proved to be consistently profitable on EURUSD. That’s the OndaFX EA.

As you probably know Bollinger Bands is a technical analysis tool invented by John Bollinger in the 1980’s. This volatility indicator is available on the vast majority of trading platforms, including MetaTrader 4 (MT4) of course.

OndaFX Expert Advisor – How This Forex EA Uses The Bollinger Bands Indicator

Bollinger Bands are made up of three lines:

• A moving average in the centre
• An upper band that tries to define when prices can be considered “high”
• A lower band that tries to define when prices can be considered “low”

In order to make a profit in the markets we always do our best to “sell high” and “buy low”, hence an indicator that pretends to measure the “highness” or “lowness” of the price surely grabs our attention. However blindly selling when price breaks above the upper BB and buying when price breaks below the lower BB is NOT a strategy that can be profitable on any financial instrument and any time frame. As usual we must find our “sweet spot” where this strategy can work profitably. That means finding a financial instrument, time frame, reasonable take profit and stop loss levels and some trading filters that in the end make up a complete and reliable trading strategy.

OndaFX EA – More About This Profitable Trading Strategy

I’m going to describe some building blocks of the OndaFX Expert Advisor, so you can understand and trade this strategy.

First of all the best currency for trading this strategy currently is EURUSD, probably because it is the most traded pair with a high “mean reversion” personality.

Secondly focus on H1 charts only and evaluate trading signals only when a bar closes. If a H1 bar closes outside the BB, then you can enter a trade in the opposite direction and aim at 20-40 pips, like shown in this picture:

As you can see we have 4 trades (1 short and 3 long): each of them is opened at the open of the candle “after” the signal and easily grabs 40 pips.

Now let’s see the rules when a trade goes in the opposite direction from what we expect. In this case we just try to close the transaction at breakeven or with a small loss.

OndaFX – Conservative Approach To Profitable Trading

This is a very conservative approach that works best in the long run. Because it avoids bad trading scenarios when price continues to go straight in one direction after the BB breakout. Let’s see this picture as an example:

We add another short trade only when a candle closes below the median line, and only if the distance from the entry price of the first trade is reasonably big (from 20 to 40 pips according to volatility). Then we close the transaction at breakeven.

This example (that comes right after the 4 winning trades shown before) suggests that we could make a handsome profit also in this situation, however our tests show that the conservative approach (closing at breakeven when more than 1 trade must be opened) is fairly superior for the profitability of this strategy.

Of course the OndaFX Expert Advisor incorporates other rules and automatically adapts to market volatility (unless the user wants to specify fixed pip levels), but the strategy is basically built upon the two observations shown above.

It may seem weird that a trading system so simple and based on a widely known technical indicator can actually be profitable, however we also know that keeping things simple is often a good design principle for trading systems.

That’s why the KISS acronym (“Keep It Simple, Straightforward!”) has been used for more than half a century—to remind us that most systems work best when they are kept simple rather than made complex.

OndaFX Expert Advisor – Best Settings For This Forex Trading System

There are a few simple but critical aspects that account for the profitability of the strategy:

• Apply the strategy to a currency pair with good tendency to reverse to the mean (EURUSD is a nice choice in this regard)
• Select a time frame that can be reasonably exempt from too much market randomness (like H1)
• Fix a take profit adjusted to current market volatility (we use ATR – Average True Range – for that)
• If the trade goes in the wrong direction open another trade only after confirmation of a reversal
• Try to reduce the risk by closing bad trades at breakeven or even with a small loss
• Open more than 1 trade in the same direction only if the entry prices are reasonably far apart from each other

When following all these basic rules we have a good chance of success on our side. Actually over the last 24 months this strategy  – applied to EURUSD only – could have easily tripled a trading account.

We decided to record video showing a livebacktest of the OndaFX Expert Advisor on EURUSD. In this way you can easily understand the typical floating Profit&Loss involved by this strategy and the windfall pips potentially generated over the last 24 months.

We are speaking an average 417 pips per month (or 10 thousands pips in a 2 years period)!

OndaFX Expert Advisor – The Bollinger Bands Based EA In Action:

As you can notice Equity line and Balance line grow smoothly during the entire backtesting period.

OndaFX EA – Suggested Forex Brokers And More

OndaFX Expert Advisor is a real trading tool. You can customize every aspect of the EA and discover yourself new pairs and time frames to trade with.

For example Andrea and his team have found that AUDUSD is another very good performer with a 130% gain over 18 months of trading. As a bonus they’ll provide you with the settings for AUDUSD as well!

OndaFX Expert Advisor can easily become your private “lab” for understanding how to make the most from Bollinger Bands on different pairs and time frames. You can change BB settings that are not available with the standard Bollinger Bands indicator of MT4. And you can choose from several “BB breakout rules”. You’ll also have complete control over the money management settings.

This OndaFX Expert Advisor can safely run on accounts of any size, starting from 1K USD.

OndaFX Expert Advisor uses a proprietary Bollinger Bands indicator that we have called HyperBB: the number of “standard deviations” can be expressed as a fractional number (instead of an integer), and the median line can be any Moving Average of your choice (instead of only SMA). HyperBB is provided as a bonus along with OndaFX, so that you can easily follow on chart the trades executed by the EA, in case you want to experiment with some non-standard input parameters of Bollinger Bands.

Although the strategy can work pretty well on any reputable broker, we personally use FxPro.com which offers top-rated liquidity providers and very competitive spreads.

OndaFX Expert Advisor – What You Get With Your Purchase

• OndaFX EA
• Setting Files for each pair and time frame we backtested successfully
• An online manual with instructions
• Bonus: HyperBB indicator (fully customizable Bollinger Bands)
• Email Support

OndaFX Expert Advisor – FAQs

Q1: What is the price of the OndaFX Expert Advisor and what does it include?

A1: The OndaFX Expert Advisor is priced at $179.99 for 1 license, offering free updates and support. It focuses on trading the EURUSD currency pair on the H1 time frame.

Q2: How does the OndaFX Expert Advisor utilize Bollinger Bands in its trading strategy?

A2: The OndaFX EA uses Bollinger Bands to identify high and low price levels. It employs a mean reversion strategy on the EURUSD pair, entering trades when H1 bars close outside the Bollinger Bands and aiming for 20-40 pips.

Q3: What are some critical aspects for success with the OndaFX Expert Advisor trading system?

A3: Success with the OndaFX EA relies on applying the strategy to suitable currency pairs, selecting appropriate time frames, setting take profits based on market volatility, managing risk by closing losing trades, and spacing entry prices sufficiently when opening multiple trades in the same direction.

Q4: What additional features are included with the purchase of the OndaFX Expert Advisor?

A4: Upon purchase, buyers receive the OndaFX EA, setting files for successful pairs and time frames, an online manual with instructions, a customizable Bollinger Bands indicator called HyperBB, and email support. The EA is designed to run on accounts starting from $1,000.

Q5: Is there a refund policy for the OndaFX Expert Advisor?

A5: Yes, the vendor offers a 30-day money-back guarantee for the OndaFX EA priced at $179.99. There are no recurring fees associated with the purchase. After buying, users gain immediate access to all EA-related files, making it easy to start trading professionally within a day.

Refund Policy

30-day-money-back-guarantee provided by the vendor of OndaFX EA

The OndaFX Expert Advisor is available for a one-time fee of only 179.99 USD. There are no recurring fees or any hidden fees.

Immediately after your purchase, you will get access to all EA related files. The trading rules are easy to understand and easy to follow. The interface takes minutes to understand, and you could be trading like a professional currency trader within a day.

Part-Time or Full-Time Trader… Beginner or Advanced… Anyone can start profiting TODAY!

OndaFX Expert Advisor Sold Out!

Live Account Trading Results:

OndaFX Expert Advisor Sold Out!