In this post I will be reviewing the Expert Advisor Builder. Well, I am sure there are many traders and would-be programmers out there who will find the EA builder extremely useful! Have you ever dreamed of having your own manual trading system idea fully automated into your own forex robot? Well, now you can without needing any programing knowledge or experience. You can create strategies to trade any financial instrument available on any of the three most popular trading platforms: MetaTrader 4, MetaTrader 5 and TradeStation.
In this Expert Advisor Builder Review, I will be taking a closer look at this forex trading tool to see exactly what it is and how it works. Hopefully, this will help you to make a decision if it is something that you would like to implement as part of your daily trading routine.
What is the Expert Advisor Builder?
Using the EA Builder user friendly interface you can create your very own automated forex expert advisor in just a few clicks. If you have been manually trading your own trading system the EA Builder can automate it for you, you can even use it to develop any idea that you have into a forex robot.
Once the Expert Advisor Builder has created your forex robot you can then use it to auto trade your manual system or to back test how it would have performed using the MetaTrader 4 strategy tester. Not only does the EA Builder crate EA’s, it can also create your very own indicators, just like the ones you see used in my forex trading system reviews.
Furthermore, not only will it create indicators and expert advisors for MetaTrader 4, it can also for MetaTrader 5 and TradeStation. The sky is the limit with the Expert Advisor Builder and you can have lots of fun testing out your trading system ideas.
The generated code is human readable, well-commented and neatly formatted. It uses no objects, classes or advanced functions, and it is contained in a single file. You don’t need to understand the code, just download it. However, for non-professionals interested in diving into the source and learning something about it, this is a great tool.
One of the best things that I like about EA Builder is that the work is pretty much done in a few clicks. Turn your trading idea into an automated system within minutes, without hiring a programmer and without knowing anything about programming. Even professional programmers appreciate the benefits of creating indicators and strategies with a few short clicks.
Expert Advisor Builder Features
Obviously, the most important feature with the Expert Advisor Builder is the ability to create your own forex robot and indicators. It allows you to create indicators completely free of charge but for a small one off fee it is certainly worth upgrading so that you can create your own expert advisors as well.
You can turn your manual trading conditions into arrows or alerts. You can automate your own manual trading system. You can create EA’s and indicators for any instrument from currency pairs, commodities, stocks and more.
It is very easy and straight forward to use with a user friendly point and click interface. You can code everything with no limitations from entries, exits, stop losses, take profits, trailing stops, break evens, alerts and much more.
Some of the other main features of the EA builder include:
Custom Arrows and Alerts
Turn your manual trading conditions into arrows and alerts! Create indicators for MetaTrader 4 & 5 or technical analysis tools for TradeStation.
Automated Trading System
Now you can easily turn any manual trading system into an Expert Advisor for MetaTrader 4 & 5 or into a strategy for TradeStation.
Trade Just About Anything
Depending on the size of your account and your financial goals, you may be interested in developing indicators and strategies for Forex, stocks, commodities, ETFs and indices, all with no limitations!
How to use the EA Builder?
There are 15 video tutorials ranging from 2 to 7 minutes in length, designed to help you discover the full potential of the EA Builder. Creation is demonstrated in both MetaTrader 4 and TradeStation. You will get step-by-step guidance on how to design, backtest and optimize a winning strategy. The videos show how easy it is for you to create indicators that will notify you about the latest trading opportunities. The easy to follow and very helpful videos include the following:
- How To Create Strategies
- Daily Breakout Strategy
- Daily Breakout With Pending Orders
- Strategy Optimization
- Money Management Demonstration
- Trendline Breakout Automated Entry
- Create EA From Custom Indicator
Expert Advisor Builder Summary
This is a useful tool for anyone who has ever wanted their own automated forex trading system but does not have the knowledge to code it themselves. It will save you literally years of learning how to code (trust me, I know!) whilst allowing you to create as many indicators and expert advisors as you can think of.
It is a web-based application, so you don’t need to download or install anything. It is compatible with all major web browsers, so it should work on your computer without any hiccups.
Overall, I think this is a very handy tool for those of you who have a manual trading strategy that you want to automate. It can also be a great way to experiment with different trading strategy ideas and indicator settings to see which work best according to your own trading style. I do think that it is perhaps a little too advanced for the absolute beginner, but it can be a good way for those who are interested in developing their own automated trading strategies to get a head start.
Instead of spending weeks even months testing your manually system, you could make it automated in less than an hour and back test it in the MetaTrader 4 strategy over years of historical data to get an idea of how it would have performed. It comes with detailed instructions, video tutorials, full support and a 60-day money back guarantee.
Expert Advisor Builder
$97
Pros
- All Currencies
- Multiple Timeframes
- 60 Day Money Back Guarantee
- Full Support
- Detailed Instructions
- MetaTrader 4/5 & TradeStation
- Video Tutorials
- Signal Alerts
- Create EA's
- Create Indicators
Cons
- Quite Complex For Beginners
- Limited Functionality
- Steep Learning Curve
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
