Expert Advisor Builders

Hi traders,
Currently i am a discretional trader and i would like to try automate my trades with MT4 for specific pairs... problem is i have no knowlegde about MQL programing...
I noticed there are some programs called Expert Advisor Builders that claim could do the job , convert discretional setups to automatic trading
systems...what is your opinion and experience if any with them ? Do you currently use or suggest any specific program ?

thanks in advance
Kon

First of all, you can't convert a discretionary system to an automated one. You may be able to automate parts of it like trade and risk management, but you will never automate it fully even if you had the best programming skills. Only mechanical systems can be automated.

Google for forex EA builder and you will find lots. Also consider using MT5 - it has an EA wizard. But keep in mind these tools are very limited in what they can build - usually trading using the common indicators like RSI plus some basic trade management.

Hi CodeMeister,

Thanks a lot for your answers...so would you suggest me to start learning
MQL instead using one of EA buliders? Have you any experience with any of them? can you suggest a specific one with the most capabilities ?

thanks in advance
Kon

I am a programmer, so I write my own.

I looked at EA builders out of curiousity to find out what they did, so I'm not very expert at them. I do know that everything I looked at was limited functionally. Everything I have read confirms my opinion.

The latest one I looked at was Noprograma (??). I liked it because the interface was very well done and the guy seemed to support it well on here and BP. You might like something else which is why you should do a little checking around.

As far as learning MQL4, be sure you know what you are getting into. Check out this thread.

http://www.forexfactory.com/showthread.php?t=366863

http://fxdreema.com (my own)
http://fxdreema.com/alternatives (list of other builders)
http://www.metatrading.net/progetti.aspx (italian)
http://www.xtb.es/metatrader4-builder (espanol)
http://mql-studio.ru/index.htm (russian)

I'm curious as to the motivation of EA builders (those who spend the time writing an EA builder, creating a website, etc.).

Why do they do it? Free ideas? The challenge? Because they can?
(serious question by the way)

http://eagenerator.com One more EA builder based on multi layer back propagation neural net.

The quick answer is what anyone wants to hear - for money. Yes, I am the one who builds one of the EA builders and I can honestly say that I'm really happy every time someone buys my work.

"Free ideas?" - No way! In fact, to work on EA builder takes more ideas and even their realization. This is not easier than programming yet another EA in MQL4. EA Builder is to be used from people with little knowledge of how to use it, and in order to be catchy, it needs to look great, feels great, be errors-free and do more things than normal programming in some context. Sounds like a serious work

"The challenge". Yes. Everyone knows that EA Builders cannot do many things. But is this the only true? Well, they grow up. And yes, the output code can look crazy, long or heavy, but in the same way is ridiculous for a trader to learn programming in order to send 2-3 trades. The mission is to make EA programming easiear and faster than ever before.

Good programmers - stay away from EA builders! Habits are hard to be broken.

"Because they can". I can't, but I do it

Hi All,

https://easyforexbuilder.com/

Recently I have used the https://easyforexbuilder.com/
To my surprise there are few exceptional things I have noticed.

It has got instant cloud based strategy tester that shows performance of strategy instantly. Please see the attached images.

Another great feature is - it has got step by step Algorithmic trading set up guide. As an expert trader, I must say these steps are something first time I found at one place.
Please have a look at the link
https://easyforexbuilder.com/algo-tr...-to-earn-money

This is something exceptional in this EA builder and Algo trading industry.

Dear friend, this website offers auto trading and not algo trading.
Autotrading has many flaws; it can even be said that it does not solve a problem.
I suggest you definitely read the article "The difference between Algotrading and Autotrading?" published on the Algochurch website so that you don't risk your capital.
Perhaps trading in traditional ways is much safer than auto trading.
In addition, this platform has not been checked for its data quality, and it does not have the ability to perform robustness tests.