No-Code EA Trading: Build MT4/MT5 Expert Advisors with EA Builder

I found an interesting blog with detailed information about **EA Builder**, a tool that allows you to create automated trading systems without programming knowledge. Forex traders and investors might benefit from utilizing EA Builder to automate their trading logic.

1. What is EA Builder?

EA Builder is a software that makes it easy to create **Expert Advisors (EAs)**, which are automated trading programs that run on MT4 and MT5. This tool allows you to implement your own trading logic without any programming knowledge.

Key features of EA Builder include:

• Ability to create automated trading software (EAs) that run on MT4 and MT5.
• No programming knowledge required, with intuitive operation.
• Develop automated trading software for use in foreign exchange (Forex) and other trading activities.

EA Development Possible Without Programming

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 create automated trading software by intuitively setting conditions using EA Builder.

Generate and Customize MQL4 Files

EA Builder allows you to generate the created automated trading software as an **MQL4 file**. The generated file can be used with MT4 and MT5. Furthermore, you can achieve more detailed customization by editing the generated file.

Pricing Plans and Costs

EA Builder offers both a free version and a paid version. The free version includes indicator creation functionality, but you’ll need the paid version to create EAs. The lifetime license for the paid version costs $97, making it an affordable option.

Summary

EA Builder is a convenient tool that allows you to create automated trading software without programming knowledge. It’s incredibly useful for traders and investors. If you’re interested, EA Builder is worth trying.

2. Key Features of EA Builder

EA Builder has the following features:

• Create Automated Trading Systems Without Programming Knowledge

  One of EA Builder’s most significant features is its ability to create automated trading systems without requiring any programming knowledge. Normally, developing an automated trading system requires programming expertise, but with EA Builder, you can create a system by simply inputting conditions without programming. For example, you can easily create an automated trading system that places a sell order when the RSI is above 70 and a buy order when it’s below 30. You can also add detailed or multiple conditions, allowing for the creation of sophisticated automated trading systems.

• Generate and Customize MQL4 Files

  Automated trading systems created with EA Builder are output as MQL files. Since MQL files are treated as source files, you can commission other programmers to modify or add features to the code of your created automated trading system. You also retain the copyright for your self-created automated trading systems and can even sell them. If you need a function that cannot be created with EA Builder, you can still add or modify it by customizing the MQL file.

• No Japanese Language Support

  Unfortunately, EA Builder does not support the Japanese language. All displays are in English, which can be inconvenient for Japanese users. However, if you’re comfortable with English, you can leverage 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 enables the creation of automated trading systems, we recommend using the free version’s features first to turn your entry points into signal tools. There are no restrictions on the free version, so you can create indicators freely.

These are the main features of EA Builder. Since it allows you to develop automated trading systems without programming knowledge, it’s a recommended software for anyone interested in EA development.

3. EA Development Possible Without Programming

EA Builder is incredibly convenient because it allows you to easily develop EAs even if you have no programming knowledge. Below, we’ll explain the key features of EA Builder in more detail.

3.1 Easy EA Creation

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

3.2 Add Diverse Functionality

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 Indicator Creation Also Possible

EA Builder also allows you to create indicators for free. This is useful if you want to turn your trading method into a signal tool. You can test your entry points using the free version’s features.

3.4 Post-Creation EA Customization Possible

EAs created with EA Builder are generated as MQL files (source files). Therefore, you can add or modify features by editing the code of the created EA. If a necessary function couldn’t be achieved with EA Builder, you can also commission other programmers to modify or add features.

3.5 Usable Without Programming Knowledge

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

3.6 Easy Verification with Backtesting and Strategy Tester

EAs developed using EA Builder are easy to verify through backtesting and the strategy tester. You can pre-verify how much profit your trading strategy will generate. This allows you to understand the expected value and win rate of your logic.

By using EA Builder, you can easily develop EAs even without programming knowledge. It’s a recommended tool for those who want to automate their trading strategies or who have struggled with 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’ll need to set up entry signals, trading conditions, trailing stops, and more.

2. Once the EA is created, an MQL4 file is automatically generated. This file describes the logic and conditions of the EA you created.

3. Open the MQL4 file and customize it as needed. You can add additional conditions, make corrections, and perform a final check.

4. Perform an error check, and if there are no issues, compile the MQL4 file. A regular EA file (EX file) will be downloaded.

Benefits of Customizing MQL4 Files

Customizing MQL4 files offers the following advantages:

• Easily add or modify conditions. You can modify the trading logic to be more advanced based on the generated file.

• Perform a final check. Customization allows you to confirm the accuracy of the EA’s behavior and conditions.

• Perform error checks to 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 unique trading logic. This allows you to improve the EA’s performance or create trading logic tailored to your specific trading style.

5. Pricing Plans and Costs

EA Builder’s pricing plans are as follows:

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

There are two pricing plans: 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.

With the support license, you receive updates such as new feature additions and bug fixes. You also get access to necessary resources and templates for support.

EA Builder’s pricing is very reasonable compared to other EA creation tools. The lifetime license costs $97, allowing you to use EA Builder for approximately 10,000 JPY (Japanese Yen).

While the support license incurs an additional fee, it’s $60 per year, which is a relatively light burden.

EA Builder’s pricing plans can be chosen to suit user needs. If you choose the lifetime license, you can use it long-term with a single payment, while the support license provides additional support and updates.

EA Builder’s pricing plans offer excellent cost-performance, making it a very attractive option for anyone looking to start EA development.

Conclusion

EA Builder is an incredibly convenient tool that allows you to easily develop automated trading systems even without programming knowledge. Its intuitive operation enables you to implement trading logic, and the ability to generate and edit MQL4 files allows for more advanced customization. Furthermore, its affordable pricing makes it a recommended software for anyone interested in EA development. By leveraging EA Builder, you can automate your trading strategies and engage in more effective trading.

Frequently Asked Questions

Can EA Builder create EAs without programming knowledge?

Yes, EA Builder allows you to create EAs without programming knowledge. You can develop automated trading systems by simply setting conditions through intuitive operation. A major feature is how easily beginners can create EAs.

Can I customize EAs created with EA Builder?

EAs created with EA Builder are output as MQL4 files. By editing these MQL4 files, more detailed customization is possible. You can add or modify features as needed.

What are EA Builder’s pricing plans?

EA Builder has two pricing plans: a lifetime license ($97) and a support license ($60/year). If you choose the lifetime license, you can use it long-term with a single payment, while the support license provides additional support and updates.

Can EA Builder also be used for indicator creation?

Yes, the free version of EA Builder allows for indicator creation. In addition to the paid version’s EA creation functionality, you can also develop signal tools with the free version.