Forex Expert Advisor Generator is a visual tool for building automated Forex strategies from configurable blocks. It creates MQ4 source code for an Expert Advisor, which must be compiled before use. Set entry signals, market or pending orders, risk-based or fixed sizing, stop-loss and take-profit rules, and trade-management features such as trailing stops, breakeven and partial closes.
| Author: | Etasoft, Inc. |
| License: | Trialware |
| Price: | $149.00 |
| Released: | May 23, 2021 |
| File size: | 7.90 MB |
| Downloads: | 461 |
| Keywords: | Etasoft software, compile, compile expert advisor, forex expert advisor generator, forex strategy builder, Forex strategy development, Windows 10 compatibility, Expert Advisor Generator, advisor, generator, generate expert advisor, mq4 ea generator, x64 application, expert advisor builder, create expert advisor, automated forex trading, Forex trading automation, source, create forex trading bot, forex |
| Author URL: | https://www.xtranslator.com/ |
Forex Expert Advisor Generator is a visual tool for assembling automated Forex trading strategies from reusable blocks. It is intended for traders and developers who want to configure entry rules, trade management and safeguards without writing every part of an Expert Advisor by hand. The resulting project can be exported as MQ4 source code, which must then be compiled before the Expert Advisor is ready to use.
Strategies can open market or pending orders, with position sizes set to a fixed amount or calculated from a risk percentage. Entry signals can use built-in indicators, imported custom or third-party indicators, or user-defined functions. Stop-loss and take-profit levels can likewise be based on built-in or custom indicators and functions, including calculations such as the previous swing high or low. Pending-order options include stop and limit orders, flexible sizing and protective levels, and rules for deleting or expiring orders.
Trade-management blocks cover breakeven adjustments, trailing stops, partial closes, hidden stop-loss and take-profit levels, and closing trades once they reach a profit. Additional controls can limit trade count or duration, filter by spread and slippage, and restrict activity to selected times or days. Account equity guards and options for reverse orders, hedging and customizable Martingale behavior provide further ways to define how a strategy responds to market and account conditions. Event handling supports initialization, timer, tick, trade, chart and deinitialization events.
The visual workflow includes chart objects such as arrows, lines and text, along with terminal variables, alerts and output-window messages. Projects can combine custom code with the generated logic, and users can create their own blocks and libraries for reuse. Cut, copy and paste support editing, while an action history allows recent changes to be undone. Generated experts or indicators can also be restricted to a specified broker, demo account or the strategy tester.
The generator is trialware for Windows, with compatibility listed for Windows 10 and several earlier Windows releases. It exports MQ4 source rather than a finished compiled Expert Advisor, so compilation is a required step before deployment. Its range of configurable components suits traders building rule-based systems and developers who want a visual starting point that can be extended with custom code.