EA Builder Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
Apr 28, 2023
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EA Builder Logo

4.2/5

4.2 rating based on 5 ratings

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In a nutshell: EA Builder is an intuitive tool that enables traders to develop their own automated trading systems without any programming expertise. It is designed to work with popular trading platforms such as MetaTrader 4, MetaTrader 5, and TradeStation, which are often used by speculative forex traders.

The customization options on EA Builder are rather impressive and mean that you can set up just about any kind of trading idea in a matter of minutes. Other handy features include custom alerts and the ability to trade more than just Forex, including stocks, commodities, ETFs, and indices.

While EA Builder is a robust tool that will work well for many traders, it’s not for everyone. Keep reading for our full EA Builder review to see if it’s right for you.

PricingService Type Promotion
Free Option (Limited) | $0
Unlimited Option | $97 (one-time fee)
CFD automated trading systemNone
Pros & Cons
Pros
  • Free and paid options
  • Intuitive interface
  • No programming knowledge required
  • Deep customization possibilities
Cons
  • Internet and browser required
  • The paid version is fairly costly (depending on your budget)
  • Complex for beginners

EA Builder Review 2023 | Is EA Builder Right for Me?

EA Builder is a fantastic choice for forex traders who want to implement automated trading strategies without the need for programming experience. While automating forex trading might seem like a daunting task requiring programming knowledge, EA Builder simplifies the process with a user-friendly interface and step-by-step guidance.

Although it can be complex at first and requires some learning, EA Builder’s Expert Advisor Builder is a tool that anyone can master with time and dedication. If you’re interested in automating your forex trading ideas in a matter of minutes without any programming expertise, EA Builder could be an excellent option for you. Keep reading to learn more and determine if it’s the right fit for your trading needs.

Learn More About EA Builder

What Is EA Builder?

The “EA” in EA Builder stands for Expert Advisor. Essentially, it enables you to create your own forex trading robot to automate your manual trading systems. Since many people lack the necessary programming skills, EA Builder makes the process as simple as a few clicks.

EA Builder is compatible with three popular forex trading platforms: TradeStation, MetaTrader 4, and MetaTrader 5. With EA Builder, you generate easy-to-read, well-formatted code in a single file that you can use on these platforms without understanding the code itself.

External EA Builder Review & Ratings

SiteRating
MQL54.7
Forex Peace Army4.2 from 11 reviews

Here are some reviews from traders who have experienced the platform firsthand:

“This ea was already a great ea that I have automated many of my manual trading strategies with. The recent addition of the breakout indicator is just fantastic. Some of my most profitable strategies use breakouts and now with those automated as well I can finally do my chart analysis and just baby sit the ea without having to worry about when to enter the trade myself.”
“Thank you for making EA builder. I can use so many combination with it. Hope it’s always updated whenever there’s a new indicator or logic.”
“Test and buy today. This EA look like a very good tool. For now, i rate 5 star.”
“Fantastic EA, multiple possibilities and ease of creation. The only thing I would add is the possibility of a lot multiplier if the previous operation has been negative and another if it has been positive. I would also like the possibility of marking a minimum level to reach before the opposite operation can be activated. For example: I buy in RSI at level 40 and I want to sell at level 60 but as long as it has reached level 80. Thank you for your EA!”

How Does EA Builder Work?

EA Builder operates by enabling you to transform your trading ideas into customized alerts, indicators, and Expert Advisors. While the free version of the software permits the creation of indicator arrows and signal indicators, upgrading is necessary to unlock additional features, such as crafting your own Expert Advisors.

The platform allows users to develop Expert Advisors and tailored functions for a wide range of financial instruments, including stocks, commodities, currency pairs, and binary options. EA Builder boasts a highly customizable and user-friendly interface, which provides you with the ability to configure entry and exit points, stop losses, take profits, trailing stops, and implement money management rules, among various other features.

EA Builder Pricing & Plans

One of the best aspects of EA Builder is its reasonable pricing and the ability to test the platform for free. The free version, while limited, still offers a robust set of features for creating standard indicators and technical indicators.

The paid option is a one-time payment, setting it apart from other subscription-based trading software. This one-time payment structure is a refreshing alternative for those who prefer not to commit to ongoing subscriptions. Priced at $97 the paid version offers great value, especially considering it eliminates the need for programming skills.

Free Plan:

  • The Free plan allows you to create indicators, and it supports MetaTrader 4 & 5 and TradeStation EasyLanguage. You get fully working functionality for indicators without any trial or demo limitations. To access this plan, simply sign up with one click, and you’ll gain free access to the platform.

Unlimited Plan:

  • The Unlimited plan offers the ability to create both indicators and strategies (Expert Advisors) for a one-time payment of $97, granting you lifetime access to the platform. This plan supports MetaTrader 4 & 5 and TradeStation EasyLanguage as well. With the Unlimited plan, you’ll enjoy unrestricted functionality for crafting strategies, making it a comprehensive solution for automating your trading ideas.

 

EA Builder: Additional Features and Benefits

Custom Alerts and Notifications

EA Builder offers custom alerts and notifications to help you stay up to date with your automated trading strategies. You can create email, push, and sound alerts to notify you when specific conditions are met in your trading system. This feature allows you to stay informed about your trades without constantly monitoring your trading platform.

Video Tutorials and Comprehensive Guides

EA Builder recognizes that getting started with a new tool can be challenging, so they provide extensive video tutorials and comprehensive guides to help users get acquainted with the platform. These resources cover various topics, such as how to create a custom indicator, how to set up an expert advisor, and how to use the different features available within the platform. This educational content makes it easier for users to understand the platform and maximize its potential.

Integration with Multiple Trading Platforms

One of the key advantages of EA Builder is its compatibility with multiple trading platforms, such as MetaTrader 4, MetaTrader 5, and TradeStation. This flexibility allows users to create expert advisors and indicators that work seamlessly across these popular platforms, offering more versatility in their automated trading strategies.

60-Day Money-Back Guarantee

EA Builder offers a 60-day money-back guarantee for its paid version, which demonstrates the company’s confidence in the product. This guarantee allows users to test the platform and its features without any financial risk. If you’re not satisfied with the product within 60 days, you can request a full refund, making it a risk-free investment.

Dedicated Support Team

EA Builder provides a dedicated support team to assist users with any questions or issues they may encounter. Their support team is knowledgeable about both technical and trading aspects, ensuring that you receive accurate and helpful answers to your queries. This level of support contributes to a positive user experience and enhances the overall value of the platform.

Can I Use EA Builder if I’m New to Forex Trading?

If you’re new to the world of forex trading and wondering whether EA Builder is the right tool for you, the answer is yes, with some considerations. It’s important to keep in mind the learning curve associated with the platform and your current understanding of forex trading concepts.

Getting a Grip on the Fundamentals

Prior to using EA Builder, it’s essential to have a firm understanding of the basics of forex trading. This encompasses knowledge of currency pairs, pips, leverage, margin, and various trading strategies. While EA Builder can certainly help automate your trading ideas, it isn’t a replacement for a strong foundation in forex market principles and trading techniques.

Navigating the Learning Curve

Though EA Builder boasts an intuitive interface, it may initially pose some challenges for beginners. However, with dedication and a willingness to learn, you can master the platform. To assist users in overcoming the learning curve, EA Builder offers video tutorials and an extensive user guide.

Tailoring Customization for Newcomers

As a beginner, you might not require all the advanced features that EA Builder provides. Fortunately, the platform enables you to customize and create straightforward strategies and indicators as you learn more about forex trading. As your expertise and experience develop, you can gradually integrate more advanced features and strategies into your trading system.

Starting with the Free Option

For those new to forex trading, it’s advisable to begin with EA Builder’s free option. This allows you to get acquainted with the platform, create indicators, and start automating your trading ideas without incurring any expenses. Once you gain confidence and experience, you can consider upgrading to the paid version to access more advanced features and craft expert advisors.

Is EA Builder Worth It?

Imagine spending weeks or even months testing manual forex trading systems, only to discover you could have automated the process and tested it within MetaTrader in just an hour or two. This is the value that EA Builder offers, making it well worth considering for anyone looking to automate their forex trading ideas.

Additionally, the platform is priced reasonably, supports all major currencies, offers tech and trading support, and comes with a 60-day money-back guarantee. The software works with major web browsers, eliminating the need for a reputable middleman.

The key to remember is that while EA Builder simplifies the programming process, it still requires time and effort to learn. It’s not a guarantee for overnight success, but a tool that, when used correctly, can help you identify and capitalize on trading opportunities.

If EA Builder sounds like it could benefit your trading strategies, click here to try it out today. With its straightforward process for creating automated trading strategies, including binary options strategies, EA Builder can take care of the heavy lifting for you, allowing you to focus on making informed decisions in the foreign exchange market.

Get Started With EA Builder

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.