Tired of missed entries and whipsaw losses? Onix EA Version 1.0 MT4 is here to sharpen your scalping edge. Built for MetaTrader 4, Onix EA uses a blend of moving‐average momentum and volatility filters to spot micro-trends on M5–M15 charts. You’ll get automated trade execution with dynamic stop-loss, take-profit, and auto-lot sizing—so you can capture small, frequent wins without babysitting your screen.



Overview


Onix EA V1.0 MT4 is a lightweight, MQL4‐coded Expert Advisor designed for fast, trend-scalping setups on major currency pairs. It analyzes consecutive bar closes against a dual moving‐average crossover, then confirms entries with an ATR-based volatility check. When conditions align, Onix EA opens a trade with user-defined risk parameters, trails the stop, and locks in profit once your target is reached.




 


How the Strategy Works




  1. Trend Detection: Two customizable MAs (fast & slow) identify the current market direction.




  2. Volatility Filter: ATR threshold ensures only sufficiently active moves trigger trades.




  3. Entry Execution: Market order placed with TP and SL based on pip distances or ATR multiples.




  4. Auto-Lot Sizing: Risk percentage per trade or fixed lot option adjusts to account equity.




  5. Trailing Stop: Once profit exceeds a buffer, SL moves up to breakeven and then follows price.




  6. Session Filter: Optional time window lets you trade only high-liquidity sessions (e.g., London).




This blend helps you ride mini-trends while cutting losses on choppy reversals.



Key Features


• Fast MA crossover logic optimized for M5–M15
• ATR-based entry filter to reduce false signals
• Configurable stop-loss, take-profit, and trailing stop
• Auto-lot sizing by fixed lots or % risk per trade
• Time filter for session-based trading only
• News filter pause around high-impact events
• Email & push notifications on trade events
• Works on all major pairs: EURUSD, GBPUSD, USDJPY, etc.



Backtest & Live Results


In a 12-month backtest (June 2024–May 2025) on EURUSD M5 with 99% tick quality:




  • Net Profit: +4,120 USD on a 1,000 USD account




  • Max Drawdown: 5.2%




  • Profit Factor: 1.78




  • Total Trades: 1,257




Live-demo tracking over 3 months shows similar consistency—steady equity growth with drawdown capped under 6%.




 


Installation & Setup




  1. Download “Onix EA Version 1.0 MT4.ex4” from the ForexFactory.cc product page.




  2. Copy the .ex4 file into MQL4/Experts in your MT4 data folder.




  3. Restart MetaTrader 4.




  4. Attach Onix EA to your preferred chart (M5 or M15 recommended).




  5. Load “Onix_Default.set” via the EA’s Inputs tab.




  6. Enable Algo trading and let it scalp 24/5.




Alt text: MT4 Navigator panel showing Onix EA Version 1.0 in the Experts list



Risk Management Tips




  • Demo-Test First: Run for 1–2 weeks on demo with default settings.




  • Adjust ATR Multiplier: Higher volatility pairs may need a larger ATR filter.




  • Monitor Trade Size: Start at 0.01 lots on live until you’re comfortable.




  • Update Regularly: Check for new builds on the ForexFactory.cc thread.




 


 


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