Many strategy builders are available as standalone software for your operating system, each with its own challenges. Easy Strategy Builder (ESB) addresses these issues by offering a streamlined approach. With ESB, you start by downloading an expert advisor file, applying it to charts, setting a series of parameters, and then creating a backtest—all without the need for programming or block diagrams. ESB integrates directly with MetaTrader, avoiding many problems associated with other builder tools. Some of the advantages are as follows:
- Other programs may have internal indicators and implementations that can result in discrepancies between the program’s results and MetaTrader’s results. ESB offers high accuracy by using MetaTrader’s indicators and functions directly.
- Data compatibility can be an issue with other builders, as the required data may not align with your broker’s data. ESB uses MetaTrader data, ensuring that once you download it, the results will be consistent and accurate.
- Some strategy builders offer limited options for creating complex plans, leading to overly detailed and complicated block diagrams. ESB eliminates this complexity by providing ready-made modules where you only need to set the desired options.
- With ESB, you can test and run your strategies immediately, rather than exporting them to MetaTrader for every minor change.
- ESB uses MetaTrader’s reporting system instead of generating individual reports.
- Performance is enhanced with ESB due to its ready-made modules, compared to combining blocks of code that may not perform optimally.
- Other builders may require updates when MetaTrader changes. ESB updates in real-time, reflecting changes in MetaTrader without requiring manual updates.
- Typical builders are often not suitable for price action strategies. ESB is highly effective for price action strategies and includes a comprehensive set of functions for analyzing candles or groups of candles.
- A unique feature of ESB is its support for Grid and Martingale strategies. You can easily set up and test Martingale, anti-Martingale, Grid, or other types of network trading strategies with just a few clicks. Many Martingale and Grid products in the MQL market can be quickly implemented.
- ESB is the only builder that supports news in backtesting. This means you can use news-based indicators or backtest strategies against historical news events.
- ESB supports manual trading, allowing you to perform buy and sell actions manually while ESB automatically manages them based on your set conditions.
- With ESB, you can also generate income by implementing other people’s strategies or by selling your own strategy settings to others.