Onyx Wave EA is a free, fully automated Expert Advisor for MetaTrader 5, built around a Bollinger Bands strategy. It enters only when its conditions align and protects every position with a fixed Stop Loss and Take Profit.
Recommended setup:
- Platform: MetaTrader 5 (MT5)
- Strategy: Bollinger Bands
- Best pair: XAUUSD (Gold)
- Timeframe: M5 to M15
- Account type: ECN / Raw spread
- Price: FREE download
Onyx Wave trades Bollinger Band extremes, fading overstretched moves back toward the mean with clearly defined risk.
Download Onyx Wave EA for free below. The package includes the ready-to-run .ex5 plus the full MQL5 source code so you can study or customize it.
Updated in June 2026
Onyx Wave EA
Free Download - .zip file
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