◌ Type: Creating custom Indicators and EAs
◌ Forex Signals: Manual & Automated Trade Signals
◌ Interface: Web App (creating source code for MT4, MT5, and Tradestation)
◌ Price: Free for building MT4 Indicators | $97 for EAs (one-time)
What is EA Builder?
EA Builder is a web-based application that offers a graphical interface for creating custom indicators and Expert Advisors (EAs). It is designed for traders with no programming skills and is compatible with MT4, MT5, and Tradestation. A great advantage is that the app is completely free for creating indicators—you only pay if you want to turn your indicators into fully functional Expert Advisors.
EA Builder Key Features
Here are the main features of the EA Builder web platform:
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Create MT4/MT5 indicators without any programming knowledge
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Convert any trading idea into a technical indicator or a fully functioning EA (Forex Robot)
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Trade any asset listed on MT4/MT5, including Forex, equities, commodities, bonds, futures, and cryptocurrencies
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Use a graphical interface offering a wide range of technical tools: RSI, MACD, CCI, trendlines, support/resistance, arrows, and alerts
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Integrate advanced money management features, including position sizing and Martingale/Anti-Martingale strategies
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Set up alerts—sound notifications, pop-ups, and email alerts
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Fully web-based, with no installation required; compatible with all major browsers and requires minimal hardware
Example: Creating an Expert Advisor (EA)
Here's how to build a Forex Robot in 8 simple steps:
Step 1: Start a ‘New MetaTrader 4 Strategy’, open a new strategy, and name it
Step 2: Go to ‘Add Condition’ (LEFT, MIDDLE, RIGHT fields available) and define conditions for long trades
Step 3: Use the magic button to automatically generate the opposite (short trade) conditions
Step 4: Set closing conditions for both long and short trades
Step 5: Under the ‘Money Management’ tab, input your preferred lot size (1 standard lot = 100,000 USD)
Step 6: Use the ‘Inputs’ tab to add additional money management rules, if needed
Step 7: Add trade alerts via the ‘Alerts’ tab
Step 8: Your Expert Advisor is ready—copy the source code from the ‘Source’ tab and compile it in MT4
► Download Free MT4, MT5, and Tradestation Indicators here
Manuals and Customer Support
EA Builder caters to everyday traders with no programming background. Creating an indicator takes just a few clicks, and users receive trade alerts via email or sound.
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Each function includes a pop-up tip for quick guidance
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Extensive video tutorials explain every feature
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Downloadable PDF manuals are available
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Tutorials cover all platforms: MT4, MT5, and TradeStation, with focus on strategy optimization and money management
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Customer support is provided via email
Positives of EA Builder
✔ Turn your ideas into a fully functional trading system in minutes—no coding needed
✔ 100% free for creating custom indicators (MT4, MT5, or Tradestation)
✔ Very intuitive graphical interface, with a wide range of tools (RSI, MACD, CCI, trendlines, arrows, alerts)
✔ Helpful resources: pop-up tips, manuals, video guides, and email support
✔ Real-time alerts for upcoming trades (email, pop-up)
✔ Advanced money management features
✔ Generates a single code file compatible with MT4, MT5, and Tradestation
✔ Supports trading in all asset classes including Forex, equities, and even binary options (special manual provided)
Negatives of EA Builder
There are no major drawbacks to this system. Based on hands-on use, it is very easy to build custom technical indicators for MT4. However, some improvements could be made:
✘ SMS alerts could be added
✘ More ready-made trading system templates would be helpful
✘ Greater focus on cryptocurrency tools would benefit crypto traders
✘ Live chat support would be useful—at least for paying users
EA Builder Membership Cost
EA Builder is free to use for creating MT4/MT5 indicators. This is not a trial—there is no obligation to upgrade. However, creating Expert Advisors requires a one-time payment of $97.
→ Create indicators for free (lifetime access)
→ $97 one-time fee to build Expert Advisors
→ Upgrade any time via the “Upgrade” button
→ Payment options include PayPal and credit/debit cards
EA Builder Review Conclusions
EA Builder is arguably the best tool available for creating indicators and automated trading systems without coding. Based on hands-on testing, it is extremely user-friendly and powerful.
It includes a vast range of technical indicators and advanced trading features like time-based rules and money management. Comprehensive tutorials and manuals are available, and support is responsive via email.
The tool is 100% free for indicator creation, with a one-time $97 fee for building EAs. It is highly recommended for traders of all experience levels—from beginners to professionals.
► Visit the EA Builder Application
■ EA Builder Web App Review
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