Using Expert Advisor Studio you can easily create an Expert Advisor and discover a trading strategy by following a few easy steps:
Set up a virtual account in EA Studio the same way you set a demo account with your Forex broker. To do this, go to the Settings tab and select your Account Currency, Initial Account Amount and the Leverage.
Ensure your settings in EA Studio correspond to your account at your broker. This is to ensure you later get the same results in MetaTrader.
We provide Data Export Scripts for MetaTrader 4 and MetaTrader 5 versions.
Let the Generator work for the number of minutes selected. The Generator will store the best strategies in the Collection. You can see them by clicking on Collection in the top navigation menu.
In the Collection, you can see the top strategies with their equity curves and apply filters to select to select only the strategies that meet your requirements
In the Collection, you can click on a strategy to open it in the Editor for review.
Use the Editor to change settings, Entry Rules and indicators parameters. On the right side, there is a table that shows the most important stats. Below the stats is the Balance chart where you can see the Equity chart.
You can use this information for evaluating strategies quickly. For the complete strategy backtest stats, check the Report.
When you are satisfied with your strategy you can export it as an Expert Advisor.
To export and Expert find the Export button in the upper right corner.
Click on the button and choose to export the full Expert Advisor for your MetaTrader version.
The Expert Advisors exported by EA Studio have 100% native MQL code. EA Studio Expert Advisors do not require any 3rd party code and compile in MetaTrader without any errors or warnings.
Make sure to compare both backtest results and see that they are very similar.
Expert Advisor Studio is the most advanced online platform for trading strategy creation. It enables you to use a fully automated workflow for strategy generation, strategy optimization and strategy validation (see Reactor)
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Futures and Forex trading contains substantial risk and is not suitable for every investor. An investor could potentially lose all or more than their initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.
Hypothetical performance results have many inherent limitations, some of which are described here. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect trading results.