Automated trading in the forex market has become synonymous with expert advisors. This is because of the sheer popularity of MetaTrader 4 and MetaTrader 5. As of 2025, MT4 and MT5 account for about 80% of all trading volume in the forex market.
While all the other trading platforms, like cTrader, NinjaTrader, TradingView, etc., they all pull about 20% or less.
This is precisely why expert advisors have come to dominate algorithmic trading in the forex market. But in this article we are not going to talk about expert advisors only. We are going to talk about expert advisors or EA builders.
We want to show you how you can use all these available platforms to build your very own expert advisor that is precisely suited to your needs and trading goals.
What Are EA Builders?
As we said in the intro, MetaTrader platforms have come to almost fully dominate the world of forex trading, accounting for 80% of all trading volume. For this reason, EAs have also come to dominate the world of automated trading in forex.
Therefore, an EA builder is a platform that allows you to design, develop, test, and finally use your very own expert advisor.
Now, exactly how these EA builders work and how they allow traders to develop their expert advisors will depend on the specific platform. But for the most part such platforms offer user-friendly interfaces in order to make the process of building an EA as easy and smooth as possible.
Key Features of EA Builders
As mentioned, each EA builder will ultimately be different from the other and try to offer their services in such a way that it makes building an EA from scratch an easy experience for the user. But all in all, here are the key features that are mostly shared among EA builder platforms:
- No Coding Required
All forex trading bots are in essence a software or an algorithm. This means, they are designed and developed with the help of a programming language. This programming language will different from platform to platform. For instance, the language used to develop expert advisors for MetaTrader 4 and 5 are MQL4/MQL5.
But one of the most important advantages of EA builders is that they require no knowledge of coding for traders to develop their own expert advisor. They are designed in such a way that you can interact with the platform and piece by piece develop your EA.
- Comprehensive Strategy Customization
EA builders will also offer a wide and comprehensive range of customization options. Remember that the goal is for you to build your own custom EA, one that is fully suited to your trading aims and conditions. So you need to be able to customize your EA as much as possible.
- Entry and Exit Conditions: with such customization you can define the conditions for entry and exit including price levels.
- Risk Management: EA builders will also include quite comprehensive risk management options so that traders can define the level of risk for their EA as they want.
- Order Types: there might also be other customization options including choosing the type of market orders, etc.
- Backtesting and Optimization
Another feature that most EA builders offer is built-in backtesting. This allows you to backtest the EA that you have customized for yourself on the platform itself. Therefore, you can make any necessary adjustments right then and there. And finally, you can take the fully optimized version of your EA to the real market.
- Multi-Timeframe and Multi-Indicator Support
And no custom EA would be complete without the user’s choice in timeframes and even more so in the technical indicators that they want to use for their custom EA.
Popular EA Builders for MT4 and MT5
XauBot
XAUBOT is an automated trading solution platform that uses advanced AI and machine learning capabilities in automating the trading process. XAUBOT EA generator allows users to build their own custom EA for the market of their choice, which includes the forex market, metals, crypto, and indices.
XAUBOT offers an extensive choice of trading strategies, technical indicators, risk management features, etc. so that users can develop their custom EA exactly based on their own needs.
The process begins with choosing between two of the major trading approaches of this platform, which are Multi-Level Strategy and Scalp Strategy.
Traders can pick one of these strategies based on their trading aims. After that they are faced with comprehensive but straightforward steps toward completing their expert advisor. These steps include defining entry strategy based on a diverse list of technical indicators and strategies.
There are other steps that users go through one by one to define exactly how their EA should function.
One of the most important steps is related to capital allocation and also risk tolerance, including drawdown. This way you can tell exactly how much money you have and how much you are willing to risk to achieve your desired profit level.
It is also possible to activate various other features including fundamental factors like the news filter and even an AI Decision Tool.
All in all, with numerous customization features, XAUBOT EA builder allows users to develop their own custom expert advisor exactly according to their capital, their risk tolerance, and their profit targets.
EA Builder Pro
This platform will also allow the custom development of expert advisors for the MetaTrader 4 and 5 platforms. It has more than 300 built-in technical indicators in addition to cloud based backtesting features.
Users are also able to upload their own custom expert advisors on this platform and make tweaks or adjustments as they wish.
EA Builder Pro also has an easy to use drag and drop feature which makes it optimally easy to operate even for less experienced traders who wish to develop their custom EA.
fxDreema
This EA builder platform is known for its visual feature which makes it that much easier to work with. The way it works is through a block system. It means users are able to connect and construct logical blocks one by one to build up their expert advisor.
It is of course compatible with both MetaTrader 4 and MetaTrader 5 platforms. fxDreema is also known for its extensive community of users and its customer service.
EA Studio
EA Studio is yet another powerful EA builder that allows for specialized strategy generation and the optimization of strategies. To provide users with the freedom of developing their own personalized trading strategies, it supports multiple timeframes and also a wide range of technical indicators.
It also has a powerful feature known as Monte Carlo for robust simulation of the trading strategy.
Expert Advisor Builder
Expert Advisor Builder employs a simple EA development interface known as the point and click method. With this easy approach users will be able to create their own tools including indicators, trading strategies, etc. with no need for programming or coding skills.
This EA builder is compatible with MetaTrader 4 and 5 as well as the trading platform TradeStation.
How to Choose the Right EA Builder?
So far in this article we have discussed an introduction to EA builders for MT4 and MT5, including the concept of EA builders, and we have also discussed a list of the top EA builders and generators.
Now, let’s quickly discuss how you can go about picking the best EA builder from the choices that you have.
- Platform Compatibility: of course first and foremost you ought to check and make sure that it supports the trading platform that you are using, such as MetaTrader 4, 5, etc.
- Feature Set: this relates to the details of the expert advisor that you hope to develop. Look for the specific features that it offers, including its trading strategies, timeframes, technical indicators, risk management features, etc.
- User Interface: EA builders use different methods and approaches as their interface, some are drag and drop, some are point and click, and some even are block based, where you stack up logical blocks to make your expert advisor. So make sure to check their interface and find it suitable for your own preferences.
Final Thoughts
EA builders are like a democratic system in the world of automated trading. Because they allow for the voice of each trader to be heard through a special and custom expert advisor that they develop for themselves based on their own needs and aims of trading.
In this article we discussed the concept of EA builders and how they allow you to build your very own custom expert advisor. We also presented you with a list of the top EA builders in 2025.