Building Automated Trading Strategies October 2018 | Page 35

➢ The outcome is a single compiled MQL4/MQL5 file, ready to trade
➢ 15 video tutorials
➢ Can be used on any PC, MAC, or Linux-based computer
The EA Builder is an application that can transform trading ideas into
indicators or Expert Advisors (EAs). The system is 100% web-based and it is
compatible with MT4, MT5, and TradeStation platforms. It is important to
mention that in order to use EA-Builder you do not need to have
any programming skills. Even beginners can use the application. EA Builder is
a free service for creating indicators but in order to create EAs (Forex
Robots), you have to pay 97USD (one-time).
» the EA Builder's Official Webpage
The Advantages of this Method
1. Free for creating indicators (which can be later transformed into EAs)
2. No need for Programming Skills (graphical environment)
3. Can build automated startegies for trading all asset classes in any
timeframe
4. Includes tens of functions and a wide variety of technical analysis
indicators
5. Action alert methods (e-mail, audio alerts, on-screen)
6. Spread and slippage control (important for scalping strategies)
7. EAs for trading Binary Options
8. Supports MT4, MT5, and Tradestation
9. The final code can be used in unlimited accounts (no limits)
Automated-Trading Functions
• Full functionality (time, support & resistance, trendlines, etc.)
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