EA Studio is the one and only online generator for Expert Advisors. With EA Studio you can create Experts for both MetaTrader 4 and MetaTrader 5 in an easy and reliable way. You do not need to know any advanced programming languages since EA Studio is smart enough to do all the coding for you.
The core of the program is an advanced backtesting algorithm, similar to that in the MetaTrader's Strategy Tester, but much faster. The program is so fast, that it is able to create and backtest strategies automatically.
EA Studio has several core components:
The Generator creates and automatically backtests trading strategies. The Generator stores the best strategies in the Collection. When you generate a strategy you can export it as an Expert Advisor or send it to the Editor for review and tuning.
With the Editor you can create and edit strategies by setting indicators and parameters. When you edit the strategy EA Studio calculates the backtest on historical data, shows the most important stats and draws the balance and indicator curves on a chart. Since EA Studio backtest is so fast you can tune your strategies as you look at their charts. When you find a strategy to your liking you can export it as an Expert Advisor.
When a strategy is in the Editor you can go to Report to see extensive information about its backtest results. The Report page contains the full statistical information, charts and trade Journal from the historical test.
When you create strategies manually or use the Generator, the program collects the profitable strategies in the Collection. You can sort the collected strategies by a specific parameter and open them in the Editor or export them directly as Expert Advisors.
You can export your strategies as Expert Advisors. The exported Experts contain all the necessary code. This means you can easily use the experts in MT or upload them to your VPS. It's all in a single file!
You can confirm the proper work of the experts with the MetaTrader Strategy Tester (in MT go to View → Strategy Tester) and with a demo test on unknown data. If your tests are good, you can use your experts for real trading.
The idea of EA Studio is that an Expert Advisor with a good backtest and a corresponding forward demo test *may* bring a real profit.
Please be extremely careful when trading with real money and always consider your risks.