What is EA Builder? An Easy Way to Create Automated Trading Systems

I’ve come across an intriguing blog that provides detailed information about EA Builder, a tool that allows you to create automated trading systems even without programming knowledge. For Forex traders and investors, EA Builder can be a valuable tool to automate their trading logic.

1. What is EA Builder?

EA Builder is software that enables the easy creation of automated trading software (Expert Advisors) that works on MT4 and MT5. With this tool, you can implement your own trading logic without any programming knowledge.

The main features of EA Builder are as follows:

• It allows you to create automated trading software (EAs) that operate on MT4 and MT5.
• No programming knowledge is required, and it is intuitive to use.
• You can develop automated trading software used for trading, such as Forex.

Developing EAs Without Programming Knowledge

With EA Builder, you can develop automated trading software without any programming knowledge. Traders don’t need to program their own trading logic. Instead, they can use EA Builder to intuitively set up and create automated trading software.

Generate and Customize mql4 Files

EA Builder allows you to generate automated trading software as mql4 files. These generated files can be used in MT4 and MT5. Additionally, you can edit the generated files for more detailed customization.

Pricing Plans and Costs

EA Builder offers both a free version and a paid version. The free version includes indicator creation functionality, but the paid version is required for creating EAs. The price of the paid version’s lifetime license is $97, making it reasonably priced.

Conclusion

EA Builder is a useful tool that allows you to create automated trading software without programming knowledge. It is highly beneficial for traders and investors. If you are interested, it is worth trying out EA Builder.

2. Main Features of EA Builder

EA Builder has the following features:

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  Create Automated Trading Without Programming Knowledge

  
  

  The most notable feature of EA Builder is that it allows you to create automated trading systems without any programming knowledge. Normally, developing automated trading systems requires programming knowledge, but with EA Builder, you can create automated trading systems by simply entering conditions. For example, you can easily create a system that sells when RSI is above 70 and buys when it is below 30. You can also add detailed conditions and multiple conditions to build a more functional automated trading system.

  
  

• Generate and Customize mql4 Files

  
  

  The automated trading systems created with EA Builder are output as mql files. Since mql files are treated as source files, you can ask other programmers to modify or add functions to the created automated trading system. You can also retain copyright for your created automated trading system and sell it. Even if you need functions that cannot be created with EA Builder, you can add or change them by customizing the mql file.

  
  

• No Japanese Support

  
  

  Unfortunately, EA Builder does not support Japanese. All displays are in English, which can be difficult for Japanese users. However, if you have no problem with English, you can use EA Builder’s high functionality to develop automated trading systems.

  
  

• Free Indicator Creation

  
  

  EA Builder allows you to create indicators for free. While the paid version is required for creating automated trading systems, it is recommended to use the free version’s features to turn your entry points into sign tools. There are no restrictions on the free version, so you can freely create indicators.

  
  

These are the main features of EA Builder. Since you can develop automated trading systems without any programming knowledge, it is a recommended software for those interested in EA development.

3. Developing EAs Without Programming Knowledge

Since you can easily develop EAs without programming knowledge, EA Builder is very convenient. Below, the main features of EA Builder are explained in detail.

3.1 Easy EA Creation with Simple Operations

With EA Builder, you can easily create EAs without programming knowledge. For example, even if you want to set a condition to sell when RSI is above 70 and buy when it is below 30, you don’t need to write code. Just enter the conditions in EA Builder’s editor, and the automated trading logic will be created.

3.2 Add a Variety of Functions

EA Builder allows you to add not only simple logic but also detailed parameters and multiple conditions. This makes it possible to set more complex trading conditions.

3.3 Create Indicators

EA Builder also allows you to create indicators for free. It is convenient when you want to turn your trading method into a sign tool. You can use the free version’s features to test your entry points.

3.4 Customize EAs After Creation

EAs created with EA Builder are generated as mql files (source files). Therefore, you can edit the created EA code to add or modify functions. Even if the necessary functions could not be implemented with EA Builder, you can ask other programmers to modify or add functions.

3.5 Utilize Without Programming Knowledge

With EA Builder, you can develop EAs without programming knowledge. You can automate your trading strategies without spending time and effort learning programming.

3.6 Easy Verification with Backtesting and Strategy Tester

EAs developed with EA Builder can be easily verified through backtesting and strategy tester. You can verify how much profit your trading strategy can generate in advance. This allows you to understand the expected value and win rate of your logic.

With EA Builder, you can easily develop EAs without programming knowledge. It is a recommended tool for those who want to automate their trading strategies or have given up on programming.

4. Generate and Customize mql4 Files

By using EA Builder, you can create your own EAs and generate mql4 files. This allows you to customize the generated files and further refine your trading logic.

Steps to Generate mql4 Files

1. Create an EA using EA Builder. You need to set entry signals, trading conditions, trailing stops, etc.

   
   

2. Once the EA is created, an mql4 file is automatically generated. This file contains the logic and conditions of the created EA.

   
   

3. Open the mql4 file and customize it as needed. You can set additional conditions, make modifications, and perform final checks.

   
   

4. Perform error checks and compile the mql4 file if there are no issues. A regular EA file (ex file) will be downloaded.

   
   

Advantages of Customizing mql4 Files

Customizing mql4 files has the following advantages:

• It is easy to set additional conditions and make modifications. Based on the generated file, you can change the trading logic to a more advanced one.

  
  

• Final checks are possible. Customization allows you to verify the operation and accuracy of the EA’s conditions.

  
  

• You can perform error checks and ensure there are no issues. If there are no errors, you can compile the mql4 file into an EA file.

  
  

By generating and customizing mql4 files, you can develop your own original trading logic. You can improve the performance of the EA and create trading logic tailored to your unique trading style.

5. Pricing Plans and Costs

The pricing plans for EA Builder are as follows:

• Lifetime License: $97
• Support License: $60/year

The pricing plans include a lifetime license and a support license. The lifetime license allows you to use EA Builder permanently with a one-time payment. On the other hand, the support license is an annual license that provides additional support and updates.

The support license provides updates such as new features and bug fixes. You can also use the materials and templates necessary for support.

The pricing of EA Builder is very reasonable compared to other EA creation tools. The lifetime license fee is $97, which allows you to use EA Builder for approximately 10,000 yen.

The support license incurs additional fees but is relatively inexpensive at $60 per year.

You can choose the pricing plan that suits your needs. With the lifetime license, you can use it long-term with a one-time payment, and with the support license, you can receive additional support and updates.

The pricing plans for EA Builder offer excellent cost performance, making it a very attractive option for those starting EA development.

Conclusion

EA Builder is a very convenient tool that allows you to easily develop automated trading systems without programming knowledge. You can implement trading logic intuitively and generate and edit mql4 files for more advanced customization. The pricing plans are also reasonably set, making it a recommended software for those interested in EA development. By utilizing EA Builder, you can automate your trading strategies and conduct more effective trading.

Frequently Asked Questions

Can EA Builder create EAs without programming knowledge?

EA Builder allows you to create EAs without programming knowledge. You can develop automated trading systems by simply setting conditions intuitively. It is a significant feature that even beginners can easily create EAs.

Can I customize the EAs created with EA Builder?

EAs created with EA Builder are output as mql4 files. By editing this mql4 file, you can customize it in more detail. You can add or modify functions as needed.

What is the pricing structure of EA Builder?

EA Builder offers two pricing plans: a lifetime license ($97) and a support license ($60/year). With the lifetime license, you can use it long-term with a one-time payment, and with the support license, you can receive additional support and updates.

Can EA Builder be used for creating indicators?

Yes, the free version of EA Builder allows you to create indicators. In addition to the EA creation functionality of the paid version, you can develop sign tools with the free version.