EA Builders

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There are some Expert Advisor 'builders' coming out. One is by a company called Molanis http://www.molanis.com/home.  Can anyone on here suggest a good builder or is it better to stay away from them?
 
I've tried out quite a few of the "visual builders" and my personal opinion is, learn to code in MQL instead! ;) The learning curve can be quite steep with the visual builders and in the end, it won't come anywhere near the flexibility you will get from learning how to code them yourself.
 

Thank you sir.  I should learn MQL then.  let's say I wanted to do this strategy http://screencast.com/t/XtAL8bvD in MQL 5?  Do you have that or something else that I could use as a starting point?

 
tedpenner:

Thank you sir.  I should learn MQL then.  let's say I wanted to do this strategy http://screencast.com/t/XtAL8bvD in MQL 5?  Do you have that or something else that I could use as a starting point?

From what I can see, that looks to be a simple MA cross EA - is that correct? If so, you should find plenty of examples in the code base to get you going. The code base is an excellent place to start learning MQL. Actually, doesn't MT5 come pre-loaded with an MA cross EA? I'm not at my trading PC so can't confirm....
 
tedpenner:
There are some Expert Advisor 'builders' coming out. One is by a company called Molanis http://www.molanis.com/home.  Can anyone on here suggest a good builder or is it better to stay away from them?
If topic is about Mt5 the wizard is a good tool to start creating experts 
 
Rosiman:
If topic is about Mt5 the wizard is a good tool to start creating experts 
That is an interesting concept.  I don't see it though http://screencast.com/t/rwxOheyh.
 
tedpenner:
That is an interesting concept.  I don't see it though http://screencast.com/t/rwxOheyh.

The wizard is in MetaEditor, not the MT Terminal. There's quite a few articles on MQL5 which cover it. Type "wizard" in the search box and you'll find them. This should get you started:)

https://www.mql5.com/en/articles/171 

https://www.mql5.com/en/articles/347 

MQL5 Wizard: Creating Expert Advisors without Programming
MQL5 Wizard: Creating Expert Advisors without Programming
  • 2011.01.11
  • MetaQuotes Software Corp.
  • www.mql5.com
Do you want to try out a trading strategy while wasting no time for programming? In MQL5 Wizard you can simply select the type of trading signals, add modules of trailing positions and money management - and your work is done! Create your own implementations of modules or order them via the Jobs service - and combine your new modules with existing ones.
 
https://www.mql5.com/en/forum/14482
All about MQL5 Wizard : create robots without programming.
All about MQL5 Wizard : create robots without programming.
  • www.mql5.com
What is MQL5 Wizard :The MetaTrader 5 Trading Platform includes the MQL5 Wizard, which allows to quickly generate code of an Expert Advisor (Expert Advisor builder). - - Category: general
 
I'm still not seeing where to call the wizard.  This page http://www.metatrader5.com/en/metaeditor/help/mql5_wizard suggests you can call it by going to New, but all that does is ask which currency pair.  There is no option in either 4 or 5 to bring up the wizard.  What am I missing?
 
tedpenner:
I'm still not seeing where to call the wizard.  This page http://www.metatrader5.com/en/metaeditor/help/mql5_wizard suggests you can call it by going to New, but all that does is ask which currency pair.  There is no option in either 4 or 5 to bring up the wizard.  What am I missing?
As mentioned above, The wizard is in MetaEditor, not the MT Terminal. You can launch MetaEditor by pressing F4 when in MT
 

Thank you.  F4 was what I was missing.  That brought it up.

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