Forex EA Builder MT5 Robot review:
About The Forex EA Builder MT5 Robot
EA Builder allows you to create your own algorithm and adapt it to your own trading style.
Classical trading, grid, martingale, combination of indicators with your personal settings, independent orders or DCA, visible or invisible TP/SL, trailing stop, loss covering system, break-even system, trading hours, automatic position size etc..
The EA Builder has everything you need to create your perfect EA. There is an infinite number of possibilities, build your own algorithm. Be creative!
It is not recommended to beginner or new MT5 user. You need to fully understand how it works before going live, please be careful.
Join the EA Builder community on discord!
I am glad to provide a free EA, but given my limited time, there will be no more support. An update will be made in the next few months.
Unfortunately, there is not enough space in this description to describe all the parameters
Buy enabled. Allow the EA to place buy orders
Sell enabled. Allow the EA to place sell orders
Start hour. Day starts at 0
Stop hour. Day ends at 24
Maximum orders. Max. positions the EA can open at the same time
Maximum orders per side. Max. buy or sell positions the EA can open at the same time
Lot calculation type for additional order. First order is set with the initial lot. Every new order can be set with:
-linear_step: add X from last order lot
-multiplier_step: multiply last order lot by X
-only_initial: use initial lot for all orders
Initial lot. Set the initial lot.
Balance per initial lot. [0=Off] This is an autolot system based on the balance
Example: For initial lot = 0.01, Balance per initial lot = 1000
-When balance = 5000, initial lot = 0.05
Maximum lot. Max. lot the EA can set
Lot incrementation each new order. Set the lot incrementation
Lot multiplier each new order. Set the lot multiplier
Closing type. -independent: each order has its own TP & SL.
-average: Set TP & SL with an average price based on orders prices and lots.
-relative_average: Set TP & SL with an average price based on orders prices and lots divided by the number of orders. (Example: 5 orders with a TP of 100 will give an average TP of 20 (100/5)
Visible TP. [0=Off] Set a visible Take Profit (in points)
Visible SL. [0=Off] Set a visible Stop Loss (in points)
Invisible TP. [0=Off] Set an invisible Take Profit (in points)
Invisible SL. [0=Off] Set an invisible Stop Loss (in points)
Minimum orders to set TP to open price. [0=Off] Min. open order to set the orders TP at opening price
Trailing distance. [0=Off] (in points)
Trailing start. (in points)
Maximum security orders per side. [0=Off] Security orders are orders open in the opposite direction of the main order
Maximum active orders before closing first. [0=Off] If I have more than X orders, it will close the most distant
Minimum active orders before activating percent profit. [0=Off] Percent profit will close all orders if the profit reach the percentage of balance
Percentage of profits. Set de percentage of percent profit
Minimum active orders before activating loss coverting. [0=Off] Amount of orders necessary to enabled loss covering system
Loss covering type. (Closing the first order with the last) Loss covering systems:
-tp: close the first order with the last one with a TP of an average price of both.
-balance_percent: close the first order with the last one with a TP of an average price of both
Close with a percent profit. Set de percentage of loss covering only if you select balance_percent
Close with a TP. Set the TP of loss covering only if you select tp
Grid type. -timeframe: add time between new orders
-distance: add distance between new orders
-timeframe_and_distance: add distance & time between new orders
Grid initial distance.
Grid distance calculation type. -linear_step: add X from last distance
-multiplier_step: multiply last distance by X
-only_initial: use distance for all orders
Grid distance step.
Grid distance multiplier.
Open additional orders only with signal
Close positions on reverse signal
Supports and Resistances enabled
Moving Average enabled
Bollinger Bands enabled
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)