Expert Advisor Builder Review
Ease of Use
Have you heard of Expert Advisor Builder? Expert Advisor Builder is an automated trading program that has many talking. With a plethora of features and their compatibility with MetaTrader 4, MetaTrader 5, and TradeStation, this automated trading program has a good amount to offer. So, are they really all they say they are? Read our in-depth review of Expert Advisor Builder and learn the truth.
About Expert Advisor Builder
For the trader that likes to use automated trading strategies, it can be difficult to find a good program that works intuitively within trading platforms. Many often do not perform as expected, which can be highly disappointing, especially if any money was spent to have access to the program. Fortunately, there is a solution for these individuals, as Expert Advisor Builder exists to help traders without the need for coding knowledge. What exactly is Expert Advisor Builder, and what tools does it have to offer?
Expert Advisor Builder Product Offerings
This auto trader tool is highly functional in a few different aspects, ultimately allowing traders to automate their strategies without having to manually enter each trade within the broker. First and foremost, Expert Advisor Builder is compatible and fully integrates with the MetaTrader 4, MetaTrader 5, and TradeStation platforms.
One of the major functions of Expert Advisor Builder is the use of indicators, especially the ability to create custom indicators. Users have access to a large number of pre-existing indicators that they can use on their charts. This is a great feature for anyone who may have a special strategy that relies on unique indicators and situations. For the trader that has custom indicators or functions, they can also integrate those tools into the platform, allowing the trader to optimize their experience according to their preferences.
Traders can also customize their trades and orders via a large number of options such as Time-of-Day trading options, trade durations, custom order times, and more, all available with a click of a checkbox.
The program also has the ability to create a number of alerts. Traders can receive alerts via Email, Print to Journal/Output Window, Audible Alerts, Print to File, and Mobile Notifications. Alerts can also be toggled between Instant Alert and Alert on Open options. Alerts can be extremely helpful to traders, communicating needed information in a convenient way. Using alerts can notify the trader that an order completed, that a price crossed a certain level, and more.
Traders also have the capabilities for Binary Options trading directly on the MetaTrader 4 platform.
For the users that have decided to pay for their version of Expert Advisor Builder, traders can create automated trading strategies that operate according to custom parameters. This automated function can be extremely handy for the trader that doesn’t want to spend a whole lot of time reading candle charts, but wants to capitalize on the most opportunities according to the rules of their strategies.
Getting Started With Expert Advisor Builder
Access to the tools provided by Expert Advisor Builder is very easy and straightforward to attain. There are two versions; one is absolutely free to use, and the other costs a one-time payment of $97 for lifetime access of full functionality within the product. Users can opt for the free version at signup and upgrade later. As the product operates solely from a webpage, there is no downloading and installing necessary, and will work with any computer that has internet access.
To start, the user simply needs to enter their name and an email address. From there, Expert Advisor Builder will give a temporary password that can be used, or the user can create a new password on the spot. This is all that is required to use the platform; once this step is completed, the user will have access to the functions of Expert Advisor Builder. The paid version will work across all platforms (MetaTrader 4 & 5, as well as TradeStation) without the need for multiple purchases.
To get the trader started and acquainted with the capabilities and functions of Expert Advisor Builder, the platform offers a numerous amount of tutorial videos to guide the new user.
There are a number of tutorial videos offered for MetaTrader 4 including: the creation of indicators; the creation of strategies; the Daily Breakout Strategy; the Daily Breakout Strategy with Pending Orders; Optimization of Strategies; a demonstration on money management; automated entry of trend line breakouts; and the creation of EA from custom indicators. The platform also offers a group of videos (covering most of the same topics previously mentioned) for use with the TradeStation platform. A tutorial is also available for those traders who wish to trade Binary Options.
An in-depth manual is also available to users. This contains a brief overview of the functions on the platform, as well as video tutorials, and thoroughly detailed examples of executing different functions and indicators. There are also sections for both Indicators and Strategies, allowing the user to fine-tune their query should they need to use the manual to learn how to use the platform.
As an added bonus, Expert Advisor Builder has some free indicators that users can download and use, including colored trend candles for both MetaTrader 4 and TradeStation; Trendline Break Alert alert for MetaTrader 4 and TradeStation; and more. A tutorial video also exists to show users how to import the indicators and properly use them.
Expert Advisor Builder Customer Service
To contact the Customer Service sector of Expert Advisor, users should send an email to firstname.lastname@example.org for any concerns or problems that they may have. The Support team should respond in a timely manner to ensure that the user’s needs and concerns can be addressed appropriately. A small 5-question FAQ also exists towards the bottom of Expert Advisor Builder’s main webpage.
There are a lot of automated trading platforms out there. Expert Advisor Builder stands out amongst automated trading platforms, allowing users to automate their strategies in the trading of forex, commodities, stocks, and more. However, when it comes down to the bottom line, individuals must first do their own research to see if this platform is the right fit. The free version of Expert Advisor Builder offers a large amount of function and capability. When compared to a service like TradingView, however, the program does pale a little in comparison, though the two services are fundamentally different. TradingView does offer scripts (through Pine Script) and indicators, as well as the ability to trade through different brokers. Depending on the service desired, a user would have to pay a monthly subscription fee for TradingView (which does have a little more capability than Expert Advisor Builder, including cryptocurrency markets), whereas the paid version of Expert Advisor Builder requires only one payment for lifetime access.
Conclusions For Expert Advisor Builder
Expert Advisor Builder is a great tool for any trader looking to automate their strategies in the trading of forex, stocks, and commodities. The platform allows users to customize their technical analysis with the use of a wide variety of indicators, as well as the ability to create custom indicators. The platform is compatible with MetaTrader 4, MetaTrader 5, and TradeStation for an intuitive trading experience.
- Large capability with free access
- Fully compatible with MetaTrader 4 & 5, and TradeStation
- Ability to create custom indicators
- Ability to set different alerts
- Highly customizable orders
- Easy and straightforward to use
- Large amount of tutorial videos available
- Will work on any computer with internet access
- Does not offer nearly the same amount of services that other platforms do
- Looks fairly basic aesthetically
- Limited FAQ and Customer Support contact options
- Could be compatible with more than 3 different platforms
- No social platform where users can communicate and share ideas