![]() ![]() Everything was good until the broker produced some error. Once I wrote simple code for a friend and he used it with his real account. But that’s fine, because MetaTrader does not really care if you have 100, 1000 or 10000 lines of code, it’s still few kilobytesĮA builders can be better at opening/modifying/closing trades and orders for real accounts. Well, EA builders probably have their own problems sometimesĮA builders produce bigger source code, if you ever want to look at it. Just look at the forums in and, there are many people asking for various weird problems all day long. You don’t have to deal with the weird specifics of MQL4 and especially MQL5. For example, try to build the EA that people use to generate Renko charts, in EA builder. Sometimes it’s easier to write 5 lines of code instead of connecting multiple graphical blocks if there is no one specially designed for the situation. In the same time, EA builders are not that flexible if you want to do something very specific. It’s much easier to do some strategy if the EA builder has all the needed parts, because you can add/remove parts of the strategy in seconds, while in MQL4 it takes time and efforts to always cut/copy/paste/debug code. Ok, to the pros and cons of using an EA builder: I also have another accout, but it’s not really recognizable. I just registered here so I can answer to questions about it, like this one. I am not affiliated in any way with this project, but I do use it for strategy design and testing. In my opinion, EA builders are a shortcut, and in my experience shortcuts in trading don’t lead anywhere you really want to go.įor a softer introduction to strategy design and programming, check out the Zorro Project (google it). You will also develop a much better knowledge of the systems you develop, how they work and why they work. The skills you learn will enable your strategy design to be limited only by your imagination. While this requires an investment in time, it will be worth it in the long run. If I had my time over again, I wouldn’t bother with these EA builders and would just bite the bullet and learn to code. I believe Dukascopy’s JForex platform has a similar free graphical strategy builder. Cons - you don’t get the flexibility that you get from learning to write code. ![]() It essentially replaces blocks of code with graphical modules that you link together to build your strategy. When I first started building algorithmic systems, I tried a drag and drop EA builder called Molanis. ![]()
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May 2023
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