{"id":1025607,"date":"2024-05-22T02:41:54","date_gmt":"2024-05-22T09:41:54","guid":{"rendered":"https:\/\/www.tradingheroes.com\/?p=1025607"},"modified":"2024-05-23T14:45:51","modified_gmt":"2024-05-23T21:45:51","slug":"easy-forex-builder-alternatives","status":"publish","type":"post","link":"https:\/\/www.tradingheroes.com\/easy-forex-builder-alternatives\/","title":{"rendered":"Best Easy Forex Builder Alternatives"},"content":{"rendered":"

Easy Forex Builder (EFB)<\/strong> is a no-code, online tool for building automated Forex trading strategies.<\/p>\n

Once a strategy is built in this software, it can be exported to MetaTrader or Forex Tester for backtesting or even live trading.<\/p>\n

I reviewed EFB when it first came out and I was not impressed.<\/p>\n

It was not able to create complex trading strategies and it was clunky to have to export a strategy from EFB, import it into MetaTrader, then backtest it.<\/p>\n

So if you've come to the same conclusion as me about EFB, then here are some alternatives that can make the strategy building process much easier.<\/p>\n

I will provide both free and paid options.<\/p>\n

But I'll tell you now…when it comes to this type of software, you're better of paying because the free options are extremely limited.<\/p>\n

The Bottom Line<\/h2>\n

If you just want a summary of the details below, here are my picks for the best free and paid alternatives to Easy Forex Builder<\/strong>.<\/p>\n

I only reviewed no-code solutions so you can compare apples to apples.<\/p>\n

When you buy something through one of the links on our site, we may earn an affiliate commission.<\/div><\/p>\n
<\/div>
\n
\n
\n

Best Free Alternative<\/h3>\n<\/div>\n
\n

Forex MQL4 Expert Advisor Generator<\/h4>\n<\/div>\n

There aren't too many free options in this category and this is the best one…mostly because it's the only completely free<\/strong> option.<\/p>\n

Here's how it compares to Easy Forex Builder:<\/p>\n

    \n
  • Totally free software<\/li>\n
  • You don't even have to create an account or give your email address<\/li>\n
  • Super simple interface, which is both good and bad<\/li>\n
  • Not as many options as Easy Forex Builder<\/li>\n<\/ul>\n
    Access Now<\/span><\/a><\/div>\n<\/div><\/div>
    \n
    \n

    Best Paid Alternative<\/h3>\n<\/div>\n

    NakedMarkets<\/h4>\n

    NakedMarkets is the best backtesting software solution on this list.<\/p>\n

    This is how it stacks up to Easy Forex Builder:<\/p>\n

      \n
    • Can create much more complex trading strategies<\/li>\n
    • Test strategies in the software, no exporting necessary<\/li>\n
    • One-time cost, no monthly subscription fee<\/li>\n
    • Superior analytics tools<\/li>\n
    • Much easier strategy creation and backtesting workflow<\/li>\n
    • They are working on exporting strategies to MetaTrader EA format, but you can also hire a programmer to code your strategy<\/li>\n<\/ul>\n

      The key point here is that even though this software cannot export EAs yet, it's significantly better at building automated trading strategies than any other software on this list.<\/p>\n

      Buy Now<\/span><\/a><\/div>\n

       <\/p>\n

      Get a discount and bonuses<\/strong> when you use the button above.<\/p>\n<\/div><\/div> <\/div>\n<\/div><\/div>\n

      Paid Easy Forex Builder Alternatives<\/h2>\n

      If you want more details, here are all of the alternatives worth mentioning and the pros and cons of each.<\/p>\n

      I'll start with the paid alternatives.<\/p>\n

      \"Trading<\/p>\n

      NakedMarkets (Best Easy Forex Builder Alternative)<\/h3>\n

      This is the best alternative, by far.<\/p>\n

      I've been using NakedMarkets since it launched and it really is a revolutionary product when it comes to creating automated trading strategies without coding.<\/p>\n

      The primary benefits of NakedMarkets<\/a> is that it can create more complex trading strategies than any of the other options on this list and it has superior analytics.<\/p>\n

      As an example, here's how I created a fully automated Bollinger Bands trading strategy<\/strong> with NakedMarkets.<\/p>\n