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Expert Advisors Reviews

Forex robot builder review: EA Studio vs FSB Pro

Feb 26 2019
Jonathan Smith


Forex robot builder is any software that allows the trader to generate, automate and analyze trading strategies. Today we are going to compare two of the most commonly used robot builders - EA Studio and FSB Pro.

First, we need to mention that both programs are designed for traders who have no experience in programming. They can be used from anyone who is interested to use Expert Advisors or the so-called Forex robots. The programs are

EA Studio or Expert Advisor Studio

is a web-based Forex robot builder that allows the trader to use it from any device with an internet - desktop, computer, tablet, or even phone. It helps the trader to create, test and analyze Forex strategies and export them with one click as Expert Advisors. </strong>
Strategy outlook in EA Studio

Key tools available in EA Studio:

Generator for strategies - it is web-based and that is why it works very fast. It generates thousands of strategies for minutes. It helps the trader to generate new trading strategies based on predefined criteria. It uses the Historical data from the broker that we have selected to use and generates strategies that fit our acceptance criteria.
The acceptance criteria could be anything as Profit Factor, Min Net profit, Max stagnation, Count of trades. For example, we would like to use strategies that have min count of trades above 300, because we do not want to rely on strategies that showed 10-20 trades in the backtest. This way we will know that the strategy is reliable.
Robustness features - these tools help the trader to decide if the strategy is robust enough to perform well on the live market.
In EA Studio we have 4 different robustness tools:
  Walk Forward validation
  Monte Carlo
  Multi Market
  OOS Monitor
Optimizer - this tool is very similar to to the Optimizer that we have in MetaTrader, but it works extremely fast.  The optimizer in this Forex Robot Builder helps the trader to find the best parameters for the strategy.
Reactor - this is the tool that makes EA Studio different from all the other Forex programs. With the Reactor, we can automate the whole process - generate strategies, filter  with the acceptance criteria, optimize the strategy, and perform the 4 robustness tools:
 Only 3 strategies left from 22941 generated
When a strategy is generated, it goes to the Optimizer. If it passes the acceptance criteria in the Optimizer, it goes to the Walk Forward validation. This way each strategy goes through each feature, and at the end, we see only the strategies that passed all tools.
One-click Expert Advisor - the trader can export the selected strategies as Expert Advisors with one click. The EA Studio will generate the source code which will work on MetaTrader 4 and Meta Trader 5 smoothly.
EA Studio Forex Robot builder comes with 15-days free trial, and everyone can export an unlimited number of Expert Advisors during this time. More, the Expert Advisors are usable for a lifetime, and they are not limited to any broker.

FSB Pro or Forex Strategy Builder Professional

This Forex Robot Builder needs to be installed on a computer. It allows the trader to build a strategy and see the results in real-time.  Using Historical data from the selected broker, the trader can see how the strategy performed during the last months or years. If the result is satisfying, one can export the strategy as Expert Advisor with one click.
Strategy outlook in FSB Pro

Key tools available in FSB Pro:

Generator for strategies - FSB Pro generator uses 100s of indicators, which means that the trader can use custom indicators. There is the option to lock and link indicators. When we lock any indicator before starting the generator, this will assure that all of the generated strategies will use the selected indicator. And if we link it, we will still have in the same indicator with all strategies, but FSB Pro will look for the better parameters of the indicators.
Manually create strategies - in FSB Pro you can build a strategy that you are using for manual trading and analyze its performance in details. Also, you can have a detailed view of the chart, and see all opened and closed traders, something that is impossible in manual trading. With this Forex Robot Builder you will not miss any entries on the market:
Indicator chart in FSB Pro
Add custom indicators - if the user is C# developer, he can use in FSB Pro his own indicator. And if one is a trader with a custom indicator, you can pay someone to code your indicator so you can use it with an Expert Advisor in FSB Pro.
Build Portfolio of strategies -  FSB Pro helps the trader to compound strategy performance with different statistics, stagnation period, and real-time performance chart.
FSB Pro comes with 15-days free trial as well. During this time you can analyze your own trading strategies or create new ones, and export them as Expert Advisors for algorithmic trading.

What is the difference between EA Studio and FSB Pro

EA Studio is web-based and because of that, it works quite faster. FSB Pro should be installed on the computer (Recommended Hardware: Modern 4 course processor and RAM 8GB or more).
EA Studio works with Meta Trader indicators. FSB Pro works with custom indicators which allow the trader to create a bigger variety of strategies.
EA Studio performs the whole process automatically using the Reactor. FSB Pro generates the strategies, but the trader needs to test the robustness of the strategies manually.
EA Studio generates strategies that are using only one Time Frame. FSB Pro allows the trader to generate strategies on different time frames (for example, to use higher time frames as filters).
EA Studio exports Portfolio of Expert Advisors (many EAs into one). FSB Pro lets you monitor your trading portfolio of Expert Advisors.
Finally, it is hard to conclude which Forex Robot builder is better because they are simply different programs. But we can say that EA Studio is more suitable for the beginner traders, and FSB Pro for the advanced traders. Also, if you are a fan of using strategies for the Range market, you better choose EA Studio. And if you are more a trend-follower, you can select FSB Pro. As a result, experienced traders prefer to use both programs together.
If you want to get more information about the two programs, you can look at these Forex trading courses, that are based on EA Studio and FSB Pro.



TAGS: EA Studio  Expert Advisor Studio  FSB Pro  Forex Strategy Builder Professional  forex strategy builder  Forex robot builder 
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