Imagine you have a strategy and you want to test it and set some parameters for it, there are two ways. The first thing you can do is to test it live or forward on a demo or real account for a specific time frame or a specific number of positions and find optimum parameters to be set. This method is a waste of time, inaccurate and many human errors are probable. The second option you have is converting your strategy to an expert advisor, creating years of backtesting on your strategy, optimizing it for better results. You may also need to change the codes for improvements.
For the second option, there are many requirements: programming skills, which requires knowing C++ for starters, reading many books, documents, memorizing algorithms and syntaxes and dedicating years to even implement basic strategies. After these steps you have to switch to MQL, memorizing its syntaxes, learning about forex specified details and finally implementing it in the MetaTrader environment. For example, how to set a trade, how to check it, how to connect to the servers, how to manage responses and market and broker errors, determine risks &….
The third option is to use “do it yourself programs “which is referred to as robot or strategy builders. These programs offer a series of block diagrams, functions and indicators, to drag and drop, implement your plan, and finally, you have an export file which can be used in MetaTrader. These programs make your work much easier, as they don’t require facing programming complexities and difficulties.
We introduce Easy Strategy Builder that uses a new innovative and different method. This is the world’s easiest method to automate your strategies that can be used in STP, ECN and FIFO brokers. No drag and drop is needed. Just set conditions of your trading strategy and change settings on desired values and let it work in your account. Also, ESB help to backtest and optimize your trading strategies in the fastest mode and remove strategies that do not pass your tests and replace them with new ones to save your time and money and maintain the most successful collection of trading strategies.
You can implement multi-currency and multi-timeframe strategies. The ESB supports most kinds of strategies including scalping, price action, martingale, arbitrage, grid, hedge, trend line, news, level trading and so on. All Meta Trader standard and custom indicators are supported. Price action functions help you to check everything about prices and candles or a group of candles. If ready-made functions aren’t enough, you can define your custom functions. ESB has advanced risk management and money management modules and supports any kind of break-even and trailing stops. Also, it has a very strong and intelligent news engine that in care mode monitors news and decide to manage trades. ESB has a convenient panel that helps you to monitor everything. It has a strong log and notification modules that can send any report directly on your phone or log it anywhere.
ESB is a multi-purpose utility that can act as an expert or indicator. It can be used as an indicator if you set mark entry points on charts. You can implement many experts of the MQL market in less than 10 minutes without having any programming knowledge and just by some clicks.