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Best Expert Advisor Builders

March 25, 2018 admin 0

Best Expert Advisor Builders   What is the available best EA builder ? Which EA Builder covers the most features in checking condition? Which EA is the most reliable and easy to be used without the knowledge of MQL4 programming ? Before I start on EA builder, do you already have the knowledge of EA Build? What is a EA Builder? Previously, I also have taught you how to construct and build  your own forex strategy . This is the fundamental on how to design your forex strategy based on the trade logics. For more advance level, you should know how to use comparison logic like more than, lesser than, more or equal than, lesser or equal than , equal or not equal to help you make comparison for a single strategy checking.  For more deeper, you also know how to use AND and OR operators to compare multiple conditions. These all knowledges are essential for you before you start to look at what is EA Builders. Let’s assume you are experts of these and you are ready to create your Expert Advisor (EA), then let’s continue below.  I am going to introduce the best EA Builder that I searched across so far – which is EA Builder.com  What you’ll learn in this post What could the EABuilder.com do What couldn’t the EABuilder.com do How much does it cost Step by step how to build a Expert Advisor Robot through EABuilder.com What could the EABuilder.com do From my best of knowledge, all the EA builders in the market provides basic to intermediate level of flexibility to create the conditions. You can do the simple condition checks scenario as below I want to create a new buy trade when 5 moving average is above 13 moving average The Bollinger band is getting smaller Below is the full list of the feature supported by EABuilder.com Trade to enter Buy, Sell, Buy Stop, Sell Stop, Buy Limit, Sell Limit Trade to close Buy, Sell, Buy Stop, Sell Stop, Buy Limit, Sell Limit Condition to check Indicators Price Comparison (Accelerator Oscillator, Accumulation/Distribution, Alligator, Average Directional Movement, Average True Range, Awesome Oscillator, Bear power, Bollinger bands, Bulls power, Commodity Channel Index, Demarker, Envelopes, Force Index, Fractals, Gator Oscillator, Ichimoku Kinko Hyo, MACD, Market Facilitation Index, Momentum, Money Flow Index, Moving Average, Moving Average of Oscillator, On Balance Volume, Parabolic SAR, Relative Strength Index, Relative Vigor Index, Standard Deviation, Volumes, and William’s Percent Range Price Bid, Ask Candlestick All timeframes (From 1 minute to 1 month), current timeframe Number of the candlestick (current, previous .. until last 20th bar) Open , High, Low, Close, Body Length Custom Code You can write own custom code on in what condition the indicator should show However, this need the knowledge of MQL4 programming knowledge Trendline A new feature from the EABuilder to test on the up trendline or down trendline S/R A new feature supported by the EABuilder to test on the support and resistance value based on different time interval Money management Trailing stop lost Lot size Risk per trade Martingle Extra features to be added on top of the indicators Draw on separate window Show up alert When indicator pains Show alert Print out to Journal Send email Print to file Send notification Maximum open trades /  long trades/ short trades / pending trades     Screenshot above is showing how to create a condition to open a buying trade. The condition could be set through just by selecting on the criteria that you want to set. All in all, the provided features are quite complete. What couldn’t the EABuilder.com do Nevertheless, if you are comparing EABuilder.com with the flexibilities of creating Expert Advisor through MQL4 Programming knowledge, then it is surely lagging behind. There are several aspect of EABuilder couldn’t do. Let me give you some example as below The ability of comparing multiple condition through “Either OR” operation I.e. I want to create a trade ONLY when EITHER RSI is > 70 OR  Bollinger band different is 30 pips The ability to check on the trade information to create a trade I.e. I want to stop all trades when total stop lost is – 100 The ability to change the lot size accordingly to your account balance i.e. I want to create the lot size on 5% of my account balance There are more in the lists. Anyway, I think you could ignore this if you do not need the condition to check. You could just use the provided basic function. How much does it cost This site provides free access to create the Expert advisor. However, you need to pay $97 for the service to generate the source code in .EA for you. Sign up for free here to try out create your EA. Step by step how to build an Expert Advisor Robot through EABuilder.com Here, I will teach you how to create a Expert Advisor Robot through EA Builder.com Step 1 Login into the EABuilder.com Step 2 Click on the New ICON on the top left and choose “Strategy” Step 3 Write a name and press Create Step 4 Click on the tab to create a trade, or close a trade Step 5 Click on the Add condition to add condition accordingly to your trade strategy Example below I create my open trade condition with 5 moving average is more than 14 moving average. If you do not know how to use more than or smaller than, refer to this post to learn how to use the operator. Step 6 Click on the source and generate your EA. Step 7 Upon getting your EA, you could place into Metatrader 4. If you do not know how to do it, please follow this post on how to install the .EA into Metatrader 4. I have covered most of the topic from which EA Builder to use, how to create EA through the comparison operator , as well as how to install the .EA into Metatrader 4. I hope you have learned something from the post. If you still have any doubts, please feel free to email us and we will help to solve your problem.   Post Views: 1,930

How to Build Custom Indicator through EA Builder

February 28, 2018 admin 0

EA Builder Custom Indicator – How to build custom Indicator through Free EA Builder Many newbies are asking me if whether could build own custom indicator fast without any MQL4 programming language. Yes. This is the solution. You could use knowledge of this post to create your own custom indicator through a FREE EA Builder. I assumed that you have known what is indicator. Indicator is a group of values to be drawn as Line or Objects (Arrows) to be shown in the chart. This post I will teach you Introduction to Free EA Builder to build custom indicator What is supported in the EA Builder to build the custom indicator How to build the custom indicator using this EA Builder Introduction to Free EA Builder to build custom indicator The free EA builder I could recommend is www.EABuilder.com  This site provides free access and building of custom indicator through the their EA Builder. Nevertheless, you need to sign-up free at this site in order to build the custom indicator and download the source.   After you have signed up, just log in . You will be brought to the screenshot above. This is the place you pull in your condition on when to draw the indicator. I will rate this site as below for the feature to create custom indicator through EA Builder User Friendliness Consider I am new in EA builder, I would rate this 4 stars out of 5 stars. It is quite easy to click on the criteria, smoother than other web EA builder. The page will not keep on refresh like the other. It is quite intuitive to be used. Strategy supports     The supported condition is quite completed. In fact, is the most complete conditions that I have come across. I will rate this 4 stars out of 5. I will describe the supported strategy / conditions in here in this post. The reason i rate it 4 out of 5 due to the  it supports the condition by doing comparison between two values, i.e. indicators value / trend line value / candlestick price value. If I want to build indicators like pivot points ? Then this EA Builder couldn’t do so. That is why i rate it as 4. However, it is suitable to used as beginner who want to build simple indicator. This is the most easiest and robust EA Builder site that you could try.   What is supported in the EA Builder to build the custom indicator This EA Builder supports quite a complete list of conditions. It is the most complete indicator EA builder that i have come across. I breakdown the conditions supported as below Indicators Price Comparison (Accelerator Oscillator, Accumulation/Distribution, Alligator, Average Directional Movement, Average True Range, Awesome Oscillator, Bear power, Bollinger bands, Bulls power, Commodity Channel Index, Demarker, Envelopes, Force Index, Fractals, Gator Oscillator, Ichimoku Kinko Hyo, MACD, Market Facilitation Index, Momentum, Money Flow Index, Moving Average, Moving Average of Oscillator, On Balance Volume, Parabolic SAR, Relative Strength Index, Relative Vigor Index, Standard Deviation, Volumes, and William’s Percent Range Price Bid, Ask Candlestick All timeframes (From 1 minute to 1 month), current timeframe Number of the candlestick (current, previous .. until last 20th bar) Open , High, Low, Close, Body Length Custom Code You can write own custom code on in what condition the indicator should show However, this need the knowledge of MQL4 programming knowledge Trendline A new feature from the EABuilder to test on the up trendline or down trendline S/R A new feature supported by the EABuilder to test on the support and resistance value based on different time interval Extra features to be added on top of the indicators Draw on separate window Show up alert When indicator pains Show alert Print out to Journal Send email Print to file Send notification The most important is, this free version is able to download the source code without any fee. How to build the custom indicator using this EA Builder As long as you know your custom indicator condition, then you could select the condition at the indicator condition page to build your condition. There are two tips for you before you build your indicator You should know when you need the indicator to be shown . Or in other word, your condition is used to check whether the indicator should be drawn on the chart. Each indicator is checked on each of the bar itself. This is where you design your condition Example on the condition: At current bar , time 10:00, Ask price is larger than 5 moving average. If the condition is true, draw the indicator. You should know where you need to the indicator to be drawn. This means what is the price the indicator should be drawn at the particular bar. Example: when my condition check is true on point 1, the Ask price is larger than 5 moving average, I want to draw the indicator at the Bid price of the indicator. So, you need to be clear on the concepts above when want to draw indicator. After you construct your idea, then you can populate it through the EA Builder I constructed mine condition (point 1) and the price (point 2) as below: Then move to download page, you could generate and download your source file here. The video will show you how to create the custom indicator live through EA Builder. Access EABuilder.com here to build your FREE custom Indicator. I hope you have learned how to build the custom indicator through Free EA Builder. Hope this will bring you the knowledge in how to build the custom indicator. Follow us for more new upcoming tutorial and updates.