Open documentation in a new window Click to expand menu. EA Creator - create Forex Expert Advisor without programming Web application documentation. Which candle should be used? How long this signal lasts? How indicator should be used. Copy from Buy SL. Copy from Sell SL. Copy from Buy TP. Copy from Sell TP. Break even trailing stop. Closing tick timer counter. Sleep mode after trade is taken. Created EAs usage tutorial. How to use downloaded EA files? EAs for demo trading for EA Creator subscribers.

EAs for LIVE trading for EA Creator subscribers. EAs with source code for EA Creator PRO subscribers. Tick counter for order closing.

Sleep after trade timer. Money Management decrease factor. Position size will be calculated according to account balance and stop loss. Very important when dynamic stop loss is used. Your uploaded indicator will be shown in the list below standard indicators while creating signal. EA Creator will read indicator source code: This information will be shown on website when file is uploaded.

Click OK to confirm that indicator is parsed correctly and it will be listed with other indicators later while creating indicator signals. This feature works with most of indicators which can be used in EAs. You can develop custom signal code written in MQL4 , upload it and use it in combination with other EA Creator logic. Fill in function name field without brackets " ". Rules for custom signal: Function name must be exactly the same as you fill in field on website case sensitive.

Start creating EA by creating Opening signals. This is the only mandatory part for EA.

Other parts are optional. Opening signals are divided into two parts: Currently you can create 3 types of signals: You can make comparison between indictor, price, candle level or any static value which gives signal to make action when comparison is true.

There is a list of indicators that you can use to create signal. At the top of the list you see standard indicators and at the bottom you can find custom indicators which you have uploaded on Upload Indicator page. To create a signal you can make comparison operation between indicator and other indicator, price, candle level or static numeric value which is selected on the other side of comparison mark.

You will be able to choose more options parameters, mode, timeframe, usage after you click continue. You are able to choose same indicators on this page and select different parameters or mode to create a signal.

You can add ask or bid price to compare with indicator, candle level or static numeric value on the other side. You can use candle levels high, low, open, close in comparison operation. You will be able to select which candle and timeframe to use after you click continue. If you need static value in one side of comparison then select this radio button and fill in value to compare with. You have to choose which on which side value must be lower or higher to give signal.

When comparison is true then this signal is active. It depends on which page you are creating this signal. Choose which timeframe to use. If you select "Current timeframe" then timeframe will be the same as timeframe on which EA is attached.

Fill in which shift in time should be used. Here are parameters for selected indicator. Default values are filled in automatically, but you can change them if you need. Select indicator mode here. Often there is more than one line in indicator, so the same indicator can be used in both comparison mark sides with different modes if needed.

For activating signal when two indicator lines intersect. Select which candle level you need. It is the same as shift. Current candle - 0, last - 1 and so on. You can make additional operation with the value on the side where this field is. Operation will be done before making comparison. Leave this field blank if no additional operation is needed. Select "Continuous" if you need this signal to be active all the time when comparison is true.

It is recommended to use continuous signals in combination with other signals. This type of signal activates only when there are reverse conditions in one shift before your selected.

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Breakout signal searches for highest and lowest prices in selected time window. It will look back as far as chosen time window lasts. If price is breaking up higher: If created in "Open Buy" page - it will give signal to open long position. If price is breaking lower: If created in "Open Sell" page - it will give signal to open short position You have to fill in one or more "Time Window" fields.

If more than one time window fields are filled they will be added to each other. This feature is for your own convenience. This type of signal lasts for 5 pips after being activated. You can describe one or more consecutive candles candle pattern which gives signal to make action when described pattern is detected.

Pattern can consist of one or more candles. Candles in a pattern are in the same sequence as numbers in "Candle No" column.

First candle in the pattern will be at top of the page, and last - at the bottom. Select one timeframe for all candles in this pattern signal. If you need more than one timeframe - create another candle pattern signal. Choose minimum and maximum candle length in pips.

Candle length is distance from candle high to candle low. If there is no minimum or maximum length for the candle, then leave fields blank. It is length of candle in relation with previous candle. Candle relative length is dynamic value candle length - static and depends on previous candle length. This value is used as length percentage of previous candle. Fill in minimum and maximum percentage that this candle should be in relation to previous candle.

If relative length is not important, then leave these fields blank. If candle should be bullish, then choose candle direction "Up". If candle should be bearish, then choose candle direction "Down". If candle direction is not important can be either bullish or bearish , then select "Whatever" direction from the list. You can see them in the picture below: You can choose range how large each part could be. Choose minimum and maximum percentage, that this candle part should be in relation to the whole candle.

This means, that this candle part can be any size.

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Dynamic Stop Loss is set right before opening a new position. That gives you ability to adapt stop loss to market volatility.

Stop loss will be set each time when order is opened. SL values will be different each time, so dynamic money management in risk percentage from balance is highly recommended: You will be able to set MinSL output parameter on Metatrader which prohibits opening positions with smaller stop loss than set in MinSL parameter.

Currently you can create 3 types of Dynamic SL: You can set stop loss to any indicator value and do additional operation with it if needed. There is a list of indicators that you can use to create dynamic SL. It depends on your chosen indicator logic: Additional operation to stop loss value can be made. You can add, subtract, multiply or divide indicator value which is already converted to stop loss in pips by some numeric value.

If Value field is empty, then no operation will be done and it is not important which value is selected in Operation list. Fill in value, if additional operation should be done. Operation will be done to indicator value which is already converted to stop loss size in pips. It does not depend on how indicator is used: If Value field is empty, then no operation will be done.

Often there is more than one line in indicator, so you can choose which one to use. There is a list of candle levels prices that you can use to create dynamic SL.

You can add, subtract, multiply or divide candle level already converted to stop loss in pips by some numeric value. If Value field is empty, no operation will be done and it is not important which value is selected in Operation list.

Fill in value if additional operation should be done. Operation will be done to candle level value which is already converted to stop loss size in pips. You can set stop loss to support level of the specified Time Window. For Buy orders SL will be set by "Bias" number of pips lower than the lowest price on this time window. For Sell orders SL will be set by "Bias" number of pips higher than the highest price on this time window.

You have to fill in one or more "Time Window" fields. If more than one time window fields are filled, they will be added to each other. If you have already created dynamic stop loss for sell closing short positions , you can copy same logic for buy closing long positions. If you have already created dynamic stop loss for buy closing long positions , you can copy same logic for sell closing short positions.

Dynamic Take Profit is set right before opening a new position. That gives you ability to adapt take profit to market conditions. Take Profit will be set each time order is opened. You will be able to set MinTP output parameter on Metatrader which prohibits opening positions with smaller Take Profit than value of MinTP parameter.

Currently you can create 3 types of Dynamic TP: You can set Take Profit to any indicator value and do additional operation with it if needed. There is a list of indicators that you can use to create dynamic TP.

Additional operation to take profit value can be made. You can add, subtract, multiply or divide indicator value converted to take profit in pips by some numeric value.

Operation will be done to indicator value which is already converted to take profit size in pips. TP will be distance from candle level to opening price, so it is possible to use any candle: There is a list of candle levels prices that you can use to create dynamic TP.

Additional operation to Take Profit value can be made. You can add, subtract, multiply or divide candle level converted to Take Profit in pips by some numeric value. Operation will be done to candle level value which is already converted to take profit size in pips. You can set Take Profit to support level of the specified Time Window. For Buy orders TP will be set by "Bias" value of pips lower than the highest price on this time window. For Sell orders TP will be set by "Bias" value of pips higher than the lowest price on this time window.

This could be useful for range trading, but will not work if trading with trend: TP for Buy will not be set if there is no higher price in your chosen time window and TP for Sell will not be set if there is no lower price in your chosen time window. If you have already created dynamic take profit for sell closing short positions , you can copy same logic for buy closing long positions.

If you have already created dynamic take profit for buy closing long positions , you can copy same logic for sell closing short positions. Some functionality is very important and it is included by default in every new EA created on this website. EA can write output text to file, journal or give alerts, when certain events happen. You can choose how much output you need by selecting trace level. There are 3 levels: When thinking new strategies and checking if EA is working as you desired, you can set level 3 - you will get all possible output, like when each signal is active, when signals are canceled and why, all data related to money management and so on.

This feature is included in every EA created on this website. You can manage it by changing EA parameters. You can choose maximum percentage of account size you can risk on one order. Position size will be calculated on order opening time. Stop loss or other parameters can be different for each order, but your maximum risk will be the same for every order.

This will keep equity curve more stable, also helps winning strategies to win more and losing to lose less. You can limit losses even more by using decrease factor. You can limit your risk by setting maximum spread or maximum slippage. You can choose fixed stop loss and take profit to limit by setting EA parameters.

If you create dynamic stop loss or take profit you can control them by choosing minimum and maximum values in EA parameters. This will filter wrong values, which could result in a loss. If indicator used for dynamic stop loss returns value which is less than minimum SL, then position will not be opened. These features are included in every EA created on this website. You can manage them by changing EA parameters. Read "EA Parameters" section in order to find more information about using these features when EA is downloaded and opened in Metatrader.

Trails stop loss by defined value of pips. You will be able to choose this value on Metatrader by setting TrailingStop external parameter for created EA. When price goes to the right direction and existing stop loss set on order open time or modified earlier by the same trailing stop value becomes further than trailing stop value, then SL will be modified to the trailing stop value. Trails stop loss by the candle low levels.

This type of trailing stop allows dynamically trail stop loss and adapt to market volatility. You can choose which candle to use for the candle trailing stop - modify CandleTrailingStop EA external parameter on Metatrader. EA can set stop loss to break even when price goes to right direction by defined value set in BreakEvenPct or BreakEvenPips EA external parameter on Metatrader.

EA can trade only during selected time window. You will be able enter hour when to start trading and hour when to finish trading.

Trading will happen during this timeframe. Choose this function if you need to receive information messages trace to Skype. Trace level 1 messages will be sent if you do the following set up: To use this feature you must have Skype installed on both computers the one where EA runs and the one on which you need to receive messages.

Then you have to download two files: Set SkypeAccount external EA parameter to your Skype username where you need trace messages go to. Set TraceToSkype external parameter to true to enable sending messages.

When placing EA on the chart select "Allow DLL imports" checkbox. Choose this feature if you need to receive information messages trace to email. You have to configure Metatrader: SendMail function is used as usual, so if you have some issues with mail servers, most likely you will find solution on the internet.

If your Metatrader email configuration works with any EA - it will also work with EAs created on this web site. Set TraceToMail external EA parameter to true. EA can close trade by defined number of ticks later than the main close signal was activated.

If you need order to be closed instantly after signal has happened do not use this feature. To enable this feature set OrderClosingTimerOn to true. You can choose for how many ticks to wait before closing position - set the TimerTickCount parameter.

This feature allows you to limit your losses is strategy is unsuccessful. You can choose at which balance EA stops trading by setting MaxAccountDrawdown external parameter. When drawdown happens to your defined level - EA stops trading. If you are experiencing that next order is opened too fast after previous was opened - choose this feature and set how long EA should sleep do not trade after the last order opening. You can set time in hours, minutes, seconds and milliseconds in EA external parameters.

All these values will be summed before sleeping starts. You will be able to decrease position size after defined number of loss trades happens. After a positive trade, it will revert back to the original lot size. After 2 consecutive losses adjustable figure , the EA will revert from your chosen lot size to a much smaller lot size from 1 lot to 0. Idea of martingale is as follows: This is risky strategy, so you should use it only if you fully understand how this works.

When SL and TP is equal, it doubles position after each consecutive loss. If SL is larger then TP, it will increase position more than twice in order not to loose, if next position will be profitable. Position size which you set in Lot or RiskAccountPct is starting positions size, so you should set it to very small size, that it could increase position many times. It is important that you download EA compiled for the right Metatrader build. You can check your Metatrader build number by doing the following steps: Open Metatrader 4 2.

In the opened window you will see something like: There are 3 types of files that you can download. Click on the link below to see how to use each of these files: This is not applicable for PRO subscribers. If you have PRO subscription, then read EAs with source code. These EA files works in Metatrader 4 only in demo trading account. You can download as many different strategies as you need for backtesting in any account or trading in demo account.

Also you can edit this type of EA as many times as you like. Do the following steps to use EA on Metatrader: Open Metatrader and check Metatrader Strategy Tester or Navigator. Your EA should be be in "Expert Advisor" list. EA name is the same as file name or EA name that you have chosen on web site. Click "Expert Properties" in Metatrader Strategy Tester and open "inputs" tab. Here you can edit all EA parameters which are described in this documentation.

If you need to forward test EA by trading on demo, then drag EA on the chart and you will be able to choose inputs in the opened window. This type of EA is without any trading limitations. You can use it on demo or live accounts. When you download this type of EA - number of LIVE trading EAs will be decreased by 1 in your account it is decreased only once, so you will be able to download this same EA anytime later.

EA files are generated before each download as we do not keep files, so it is important that you have backups of your profitable EAs, because after some bug fixes or after creation of new features in this website it may regenerate files that behaves slightly different when trading. After you download a LIVE trading version of this EA you will no longer be able to edit this EA. This is done to avoid abusing the system e. Only PRO subscribers have unlimited ability to edit any EAs.

If you do not have PRO subscription, then create a new EA. When using EA on a chart or in Strategy Tester you can edit all inputs EA parameters that are described in this documentation. This is applicable only for PRO subscribers. If you do not have PRO subscription, then read EAs for demo trading and EAs for LIVE trading. You can create and edit EAs on this website without any limitations. Also you can see and edit EA source code. You can edit EA source code with one condition: All EA parameters inputs are described here.

You can edit values to manage EA behavior. All inputs are divided into 2 main sections: Parameters that are included in every EA created on this website. Maximum spread that could be while opening new position. If spread is larger - position is not opened. If slippage is larger - position is not opened and requote error shown. Static stop loss value in pips. Value must be higher than MinSL. Set StopLoss to 0 if you need to disable static stop loss.

Static take profit value in pips. Value must be higher than MinTP. Set TakeProfit to 0 if you need to disable static take profit. Set this parameter to minimum stop loss value that could be while opening order. It should be used with Dynamic Stop Loss in order not to place SL too near the opening price. If stop loss is smaller than MinSL value - order will not be opened. Set this parameter to minimum take profit value that could be while opening order.

It should be used with Dynamic Take Profit in order not to place TP too near the opening price. If take profit is smaller than MinTP value - order will not be opened.

Set this parameter to maximum stop loss value that could be while opening order. If stop loss is bigger than MaxSL value - order will not be opened. Set this parameter to maximum take profit value that could be while opening order.

If take profit is smaller than MaxTP value - order will not be opened. Static order size in lots. It must be set to 0 if dynamic money management in risk percentage from balance is used.

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Input for dynamic money management. Set how many percents of account size you would like to risk on one order. Biggest loss can be as large as this percentage from all equity, that you currently have. In order to use dynamic money management, Lot parameter must be set to 0.

When trading, this parameter is not used as MT4 can get real time values of other currency pairs. Start testing first time without setting this parameter. If you have found this file, open it and you will see currency pair name in it. Check it's current quote. It is not important if you choose Ask or Bid price, because bias would be anyway, but much smaller than if you do not use this parameter.

Name of the file where output text trace will be written during EA run. Trace can be written to file, printed to journal or alerts shown.

F - write into file, P - print to journal, A - show alerts. Level of trace determines how much output text is written. Larger number means more text but slower execution. Up to this level data will be sent trough Skype, because there would be too much messages if higher level is chosen; 3 - Outputs most information. The most detailed level. Text file size can grow very fast, when TraceLevel is set to 2 or 3, so observe it and do not use high TraceLevel while optimizing EA or testing EA on long timeframes.

Buy signals becomes sell signals, and sell signals becomes buy signals. In order to see how strategy would look like with oposite signals set this input to True. This input changes stop loss size with take profit size and vice versa. You can check how your strategy performs with reversed risk reward ratio. To activate this feature set input to True. This works with dynamic and static SL and TP. If you set this input to True it will reverse signals and stop loss with take profit as well as risk-reward ratio.

This value is identification number of orders made by this EA. If you are running more than one EA at the same time their MagicNumber parameter value must be different.

This parameter eliminates multiple positions opening by the same signal. EA starts looking for new signals only when previous signal candle is finished closed.

Parameters that are included if you have selected associated features while creating EA. This parameter limits account drawdown. Value of this parameter means account balance: You can lock profits or decrease risk by trailing stop loss using candle's low. Set value to 1 if you need to trail stop loss by the last candle low. To trail stop loss by candle before the last one low: You can set it to any value: Set this parameter to 0 in order to disable this feature in this case SL will not be trailed by candle low.

You can lock profits or decrease risk by fixed size trailing stop simple trailing stop. When price goes to the right direction by more pips than specified in TrailingStop parameter - Stop Loss will be moved, that it would be away from current price by TrailingStop size.

This parameter shows how many pips price must go to the right direction, that SL level would be moved. TrailingStop is set to 30 and TrailingStopStep is set to 3: If you set parameter to 1, then stop loss will be moved when price goes at least one pip to the right direction the lower the value - the more order modify operations will be done and the more precise trailing stop will be. Lowest value can be 1. Set this value to True in order to enable break even trailing stop.

You can change behavior by modifying BreakEvenPct and BreakEvenPips parameters. This parameter can be used only when Take Profit is set.

Stop loss will be moved to break even order opening price when BreakEvenPct percentage value is reached between order opening price and take profit. In this case stop loss will be moved to break even order opening price when 30 pips of profit is reached. This parameter is used, if take profit is not set or BreakEvenPct is not set. EA will move stop loss to break even when BreakEvenPips value of profit is reached price goes to the right direction by BreakEvenPips number of pips.

Send trace messages by email. To enable sending messages, set this parameter to True. It will send trace level 1 messages. If TraceLevel parameter is set to higher value, then higher level trace will be written to journal or file, but only level 1 trace messages will be sent by email.

Send trace messages through Skype.

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To enable sending messages set this parameter to True. It will send messages up to trace level 2. If TraceLevel parameter is set to higher value, then higher level trace will be written to journal or file, but only level 1 and level 2 trace messages will be sent through Skype.

You need to make some setup before using this feature. Set this parameter to Skype username of destination account to which messages will be sent in other words it is account username where messages will be received. Messages will be sent from Skype account, which is running on computer where EA runs you do not need to input this account username anywhere.

In order to enable trading only on some time window, set this parameter to True. EA will trade during hours from HourStart to HourStop. Set this parameter to hour when trading should be started. Value can be from 0 to Set this parameter to hour when trading should be stopped.

EA can delay position closing for a specified number of ticks after closing signal happens. In order to enable tick counter, set this parameter to True. Order will be closed, when number of ticks specified in this parameter happens after the closing signal is activated. EA can wait for the specified time when the position is opened. To enable sleep set at least one of the following 4 parameters. If all of them are set to 0, then sleep is disabled. Order size can be decreased after specified number of consecutive losses.

Position sizing will go back to normal after the first win. Set number of consecutive losses after which next position size will be deceased by DecreaseFactor. In this case, next position will be decreased 5 times. In order to disable decreasing, set this parameter to 1. To enable martingale money management set this parameter to True.

By default it is turned off value: StopLoss and TakeProfit must be set in order to use martingale. Position size is starting position size for martingale, so set Lot or RiskAccountPct to very small size.

This is maximum number of increases. When you have more losses in a row than set in "MaxNumberOfIncreases", EA will take the loss and go back to starting position size. Home Newsletter DEMO Terms of Use Privacy Policy Partnerships EA Creator Version 2.