CREATE MT4 INDICATORSProduct: EA Builder

Type: Create custom Indicators and EAs

Forex Signals: Manual and Automated

Interface: Web App (source code for MT4, MT5, and Tradestation)

Price: Free for building MT4 Indicators, $97 for EAs (one-time)

EA Builder Review

 

Introduction -What is EA Builder?

The EA builder is a web-based application that provides a graphical interface for creating customized indicators and EAs. The application focuses on traders without any programming skills and it is compatible with MT4, MT5, and Tradestation. What is nice is that this app is 100% free for creating indicators, and you have to pay only if you wish to transform your indicators into fully functional Expert Advisors.

The EA Builder Website

EA Builder FeaturesEA Builder Key Features

Here are the key features of the EA Builder web service:

(1) Develop MT4/MT5 indicators without programming skills

(2) Transform any ideas into technical indicators or fully working Expert Advisors (Forex Robots)

(3) Trade any Forex pair, equities, commodities, bonds, futures, and cryptocurrencies (as long they are listed on MT4/MT5)

(4) EA Builder offers a graphical interface containing a great variety of technical indicators (RSI, MACD, CCI, etc.), support, resistance, trendlines, arrows, and alerts

(5) Apply full money management techniques including advanced positioning, Martingale / Anti-Martingale trading techniques, and other important built-in functions such as time intervals

(6) Alerts include audible alerts, print to windows alerts, and email alerts

(7) EA Builder is a 100% web-based application, so there is no need to download and install any software. The app has minor hardware requirements and it is compatible with all major internet browsers

Creating an Expert Advisor (EA) Example

Here is an example of how to create a Forex Robot in 8 simple steps:

  • Step-1 Go to a ’New MetaTrader 4 Strategy’, open a new strategy, and name it
  • Step-2 Go to ‘Add condition’ (there are three available fields LEFT, MIDDLE, RIGHT) and enter some conditions for opening long trades
  • Step-3 Click the magic button to create the opposite conditions for a selling order (short trade)
  • Step-4 Do the exact opposite in order to close the trades (either long or short)
  • Step-5 Use the ‘Money Management’ tab to insert the lot size. The standard lot size is 1 standard lot (100,000 USD)
  • Step-6 Use the tab ‘Inputs’ and add more money management rules (if you wish)
  • Step-7 Add some alerts using the ‘Alerts’ tab
  • Step-8 The Expert Advisor is now ready, you can copy the source code at the last tab ‘Source’ and compile it directly on MT4

Download Free MT4, MT5, and Tradestation Indicators here

EA Builder ManualsManuals and Customer Support

EA Builder is designed to meet the needs of everyday traders without any programming experience. Creating an indicator can be done in a few clicks. In addition, traders can enjoy trading signals via email and sound alerts.

-Every function of the EA Builder includes a popup tip that guides users at a glance

-There is a great number of video tutorials showing the usage of every function

-There are also (.PDF) tutorials that you can download

-The tutorials focus on all available platforms (MetaTrader 4, MetaTrader 5, and TradeStation) and aim to cover important issues such as Forex strategy optimization and Money Management.

Note that there is also customer support via email.

Positives of EA Builder Review

 

Positives of EA Builder Review

(√) Turn your ideas into a fully working trading system in just a few clicks. No need for MQL or other programming knowledge

(√) 100% free for creating custom indicators (MT4, MT5, or Tradestation)

(√) Very user-friendly graphical interface, you can create indicators and Forex robots using a great variety of technical indicators (RSI, MACD, CCI, etc.), support, resistance, trendlines, arrows, and alerts

(√) Popup tips, manuals, video tutorials, and email customer support

(√) Real-time alerts about upcoming trades (email, pop-up)

(√) Incorporates Money-Management with custom functions

(√) The code that is generated by EA Builder is contained in a single file, compatible with MT4, MT5, or Tradestation

(√) Can trade any financial asset class such as Forex and Equities (it can even trade binary options, and there is a special manual for that)

Negatives of EA Builder Review

 

Negatives of EA Builder Review

There is no crucial negative point for this system. We have used the system ourselves and we found it very easy to create our own technical analysis indicators for MT4. Nevertheless, in order to be fair these are some features that can be improved (as concerns EA Builder function ability):

(x) It could offer also SMS alerts

(x) It could offer more (ready-to-use) trade system examples

(x) It could focus more on cryptocurrency trading as more and more traders need advanced tools to trade crypto

(x) It could offer live chat (at least for those who purchased a full membership)

 

EA Builder CostEA Builder Membership Cost

EA Builder is a free web app for creating MT4/MT5 indicators. This is not for a trial period and users are not forced to purchase a full membership at any time. For those who need to create Expert Advisors, there is a one-off fee of $97.

→ Create indicators for free (lifetime)

→ Costs $97 to be able to create Expert Advisors (EAs)

→ Traders can upgrade later (if they wish) simply by clicking on the “upgrade” button

→ Payment methods include Paypal and Credit/Debit Cards

EA Builder Payment Methods

 EA Builder Review Conclusions

EA Builder Review Conclusions

Probably, EA Builder is the best application in the market to create indicators and auto trade systems without any programming skills. We have used the application ourselves and we found it extremely easy to create a customized signaling machine.

There is a ton of technical analysis indicators and functions, including even time intervals and money management. There are also a full series of manuals and video tutorials, explaining money management and strategy optimization. Customer support is available via email.

EA builder is completely free for creating MT4/MT5 indicators but in order to be able to build Forex Robots, there is a one-time payment of $97. The application is absolutely recommended for all trading styles and for all levels of trading experience (beginners, semi-advanced, and advanced traders).

Visit the EA Builder Application

 

■ EA Builder Web App Review

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