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Alpari Launches EA Builder: Reaches out to Automated Trading Fans

Alpari UK, the London-based company which offers Forex and binary options trading, and even spread betting, has launched a visual builder for expert advisors (EAs), making creation of automated strategies easier and more convenient.

 

The new product is named EA Builder and is created in cooperation with Molanis, a software company operating from Toronto, Canada. As this is a Molanis' product, you should be aware that it is Java-based: make sure that you have the latest Java version on your PC before downloading this tool.

 

The EA Builder is available to download for free from Alpari UK's website but that's only for those who have live accounts with the broker and who come from the UK, Spain or China. These traders can simply install the program from the Tools section of MyAlpari (their personal cabinet). But those of you who don't fall into the above-mentioned groups should not fall into despair: you can get a free trial of the Molanis Strategy Builder at the software company's website. 

 

Regardless of which option you pick, you'll get access to a very intuitive and user-friendly working environment. As we've said when we reviewed other visual tools for building EAs (such as the ones of FXPro or IronFX), you get to escape from the tons of linear coding and instead construct the strategies in a Lego-like style. In more complicated way, it's called graphical user interface (GUI).

 

You have a number of blocks, belonging to different categories (such as variables, technical analysis, start, etc.), which you drag-and-drop on the screen and connect them using arrows. It all begins with the START block (it looks like a house), and then continues with some TA (technical analysis) blocks, then we have the operations (buy/sell) blocks, etc. Then it all ends with an END block, as you've perhaps already guessed. 

 

You can test the strategies, modify them, do anything that your programming brains suggest you do with them. 

 

Overall, it's nice to see that Alpari UK smiles one more time to fans of Metatrader 4 and automated trading, especially to those who don't have the time and the patience to code and code but would still like to have their own EAs running on the platform. It's usually said that visual builders are suitable even for newbies to trading and programming: in our humble opinion, however, you'd better have some basic knowledge of programming before jumping on to work with Alpari's EA Builder. If you think you know the basics, then enjoy!

 

 

 

About Alpari

 

Founded in 1998, the international Alpari brand is one of the leading names in online Forex trading and was recently listed as the world's third largest broker in a 2012 report from online financial portal Forex Magnates, with an average monthly trading volume of more than 200 billion US dollars.

 

Alpari has earned the trust of hundreds of thousands of clients in more than 150 countries across the world, thanks in large part to its reputation for delivering high-quality products and top-notch customer support. The Alpari brand is represented in many of the world's leading centers of commerce, with offices in New York, London, Tokyo, Dubai, Frankfurt and Moscow.

TAGS: alpari  alpari forex broker  alpari uk  alpari new products  forex trading  forex software  ea builder  automated trading  expert advisor  alpari new services  forex programs 

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