Free EA Creator for MT4 & MT5

Create a MetaTrader 4 or 5 Expert Advisor without writing a single line of code. With our EA Generator, you can combine indicators such as Moving Averages, MACD, and RSI to build a complete strategy in minutes, then export a ready-to-compile .mq4 or .mq5 file for MetaEditor. It’s an ideal way to quickly test, automate, and grow your trading ideas.

Strategy Settings
Trading Settings
Open in MetaEditor → Compile to get EX5/EX4.

Disclaimer: This EA Creator tool is provided for educational purposes only. We do not guarantee trading performance or profits. Use all Expert Advisors at your own risk. Always test strategies on a demo account before live trading.

How the EA Generator Works

Enter your trading rules, risk settings, and strategy parameters in the form above. The tool instantly creates source code for MT4 (.mq4) or MT5 (.mq5). Open the file in MetaEditor, compile it, and start testing your EA in MetaTrader right away. For deeper technical details, visit the official MetaTrader 5 page.

How to Begin

  1. Fill in the EA Creator form above with your strategy details.
  2. Choose the indicators, trading rules, and risk management settings you prefer.
  3. Click “Generate” to instantly create your .mq4 or .mq5 file.
  4. Open the file in MetaEditor and hit Compile.
  5. Load it into MetaTrader 4 or 5 to backtest or trade live.

Why You Should Use Our EA Creator

With our free EA Generator, you can quickly turn ideas into automated strategies. No need to hire developers or learn MQL coding — just focus on testing and refining your systems. Running your strategies in MetaTrader 4 and MetaTrader 5 saves time, reduces emotional decisions, and keeps you consistent. The EA Creator makes it easy to scale your trading across forex, commodities, and indices. If you’re new, check out Investopedia’s guide on Expert Advisors to understand how they work in forex trading.

What Our EA Creator Can Do

  • No coding needed – simple, user-friendly interface.
  • Works with both MetaTrader 4 and MetaTrader 5.
  • Includes strategies using MA, RSI, MACD, Stochastic, and Donchian.
  • Adjust lot size, stop-loss, take-profit, and risk management easily.
  • Instant export of ready-to-compile .mq4 and .mq5 files.

Why Use Our Free EA Builder?

Hiring a professional EA developer can cost hundreds of dollars. With this free tool, you can build unlimited Expert Advisors and test them on demo or live accounts. It’s perfect for both beginners learning algo trading and experienced traders refining strategies — saving you time and money.

EA Creator – Frequently Asked Questions

Do I need to know MQL4 or MQL5 to use this?
No. The EA Creator generates compile-ready .mq4 or .mq5 files from your form inputs. No coding required.
How do I compile and run the EA in MetaTrader?
Open the generated file in MetaEditor, click Compile, then in MetaTrader refresh Navigator → Expert Advisors and drag it onto a chart. Enable Algo Trading.
Which indicators/strategies are supported?
Moving Averages, RSI, MACD, Stochastic, and Donchian. You can also set stop-loss, take-profit, lot size, and basic risk controls.
Can I use the EA on both MT4 and MT5?
Yes. Choose your platform in the form to generate either .mq4 (MT4) or .mq5 (MT5).
Why does my EA fail to compile?
Common causes: using the wrong MetaEditor (MT4 vs MT5), invalid inputs, or unsupported broker symbols. Rebuild and recompile in the correct editor.
Is this tool free to use?
Yes. It’s completely free for personal use. Always test on a demo account before live trading.
Does this guarantee profitable results?
No. Trading carries risk. Performance depends on your strategy and market conditions. Always backtest and forward-test first.
Will my inputs or strategies be stored?
No. Your strategies are generated locally. We do not publish or share your EA inputs. Check our privacy policy for details.

More Recommended Brokers

Want to create more advanced Expert Advisors with complex strategies? fxDreema is a powerful visual EA builder for MetaTrader that lets you design, test, and refine EAs without coding. It’s the go-to tool for traders who want full flexibility beyond simple strategies.

fxdreema.com

Earn cash back every time your EA trades for you

Turn your algorithmic trading into rewards. With Weltrade’s loyalty program, you collect cashback automatically while your Expert Advisor runs.

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