Onda FX EDU
Onda FX EDU is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages and ATR. It works with a grid of orders, moves the stop behind price and handles several symbols. It has 37 settings, for example timeframe (default 60), bb period (default 20) and bb deviation (default 2.0). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor, 2 settings files (.set) and a PDF guide. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Onda FX EDU
Onda FX EDU is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and ATR. It opens a grid of orders at fixed price steps, moves the stop loss behind price (trailing stop / break-even) and works on several symbols at once. It has 37 settings, such as Timeframe, Bb period and Bb deviation. MQL source code included.
Files in the download: OndaFX-EDU.mq4, OndaFX Users Manual.pdf, ondafx_audusd_h1.set, ondafx_eurusd_h1.set.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Timeframe | 60 | Period or timeframe used by the calculation |
| Bb period | 20 | Period or timeframe used by the calculation |
| Bb deviation | 2.0 | |
| Bb method | 0 | |
| Bb price | 0 | |
| Atr period | 20 | Period or timeframe used by the calculation |
| Lot size 1 | 0.01 | |
| Lot size 2 | 0.01 | |
| Lot size 3 | 0.02 | |
| Lot size 4 | 0.0 | |
| Lot size 5 | 0.0 | |
| Lot size 6 | 0.0 | |
| Lot size 7 | 0.0 | |
| Lot size 8 | 0.0 | |
| Entry rule | 1 | |
| Re entry rule | 7 | |
| Median period | 20 | Period or timeframe used by the calculation |
| Filter sma | 0 | |
| Atr take profit | TRUE | Take profit distance |
| Take profit 1 | 3.0 | Take profit distance |
| Take profit 2 | -1.0 | Take profit distance |
| Take profit 3 | -1.0 | Take profit distance |
| Take profit 4 | 0.0 | Take profit distance |
| Take profit 5 | 0.0 | Take profit distance |
| Take profit 6 | 0.0 | Take profit distance |
| Take profit 7 | 0.0 | Take profit distance |
| Take profit 8 | 0.0 | Take profit distance |
| Atr stop loss | FALSE | Stop loss distance |
| Stop loss | 0.0 | Stop loss distance |
| Atr step pips | TRUE | Distance between orders |
| Step pips | 1.0 | Distance between orders |
| Slippage | 5 | Maximum slippage allowed when opening a trade |
| Magic buy | 1234 | Magic number that tells this EA's orders apart |
| Magic sell | 1235 | Magic number that tells this EA's orders apart |
| Comment | OndaFX | Comment written on the orders |
| Text interface | TRUE | |
| Background color | Teal | Colour on the chart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Grid · Trailing Stop & Break-even · Multi-Currency · Moving Average · ATR · MT4 Expert Advisor · MQL4 Source Code