What is EA-Builder.net?
EA-Builder.net is an online platform that promises to help users create their own automated trading robots, or “Expert Advisors” (EAs). The website provides a range of features and tools that supposedly make it easy to design and test trading strategies, without the need for programming skills.
The platform is marketed as a way for “anyone to create expert advisors”, with the website claiming that users can “design, test and trade your EA in minutes”. EA-Builder.net also offers a number of pre-built EAs that users can buy and download.
However, there are many reasons to be skeptical of EA-Builder.net and its claims. For starters, the website provides very little information about who is behind the company or platform. There is no About page or any other way to learn more about the team or individuals behind EA-Builder.net.
There are also a number of red flags when it comes to the platform itself. For one, the pricing structure is not transparent; users are not told how much they will need to pay until they sign up for an account. Additionally, the platform does not offer a demo account or any way to test it out before committing to a paid subscription.
Finally, there are numerous complaints from users who have attempted to use EA-Builder.net. These complaints allege that the platform is difficult to use, customer support is non-responsive,
How does EA-Builder.net work?
EA-Builder.net is an online platform that allows users to create and backtest trading robots, or “Expert Advisors” (EAs), with no programming required.
The platform is free to use and sign up for, and users can create as many EAs as they like. There is also a marketplace where users can buy and sell EAs created by others.
To create an EA, users first need to select a strategy from a drop-down menu. There are four options: moving average crossover, Bollinger bands, price action, and Fibonacci retracement.
Once a strategy is selected, users need to input some basic parameters, such as the time frame and instruments to trade. They can then choose from a range of more advanced settings, or leave the defaults in place.
After the EA is created, users can backtest it on historical data to see how it would have performed in the past. They can also forward test it on live data to see how it performs in real-time.
Is EA-Builder.net a scam or legit?
When we review a service or product, one of the first questions we ask is whether it’s a scam or not. In the case of EA-Builder.net, we can say with certainty that it is not a scam.
EA-Builder.net is a website that provides users with a platform to create their own automated trading robots, also known as Expert Advisors (EAs). The service is free to use and there are no hidden fees.
The robots created using EA-Builder.net can be used for trading forex, stocks, commodities, and other instruments on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
We believe that EA-Builder.net is a legitimate service that can be useful for traders who want to create their own automated trading strategies.
What do people say about EA-Builder.net?
EA-Builder.net is a website that claims to offer a free online tool for building custom trading robots, or “Expert Advisors” (EAs). The website looks legitimate and has some positive reviews, but there are also some concerns about the company that make us question whether or not they are a scam.
The biggest red flag is that the company does not seem to have a physical address or any contact information other than an email address. This is always a cause for concern as it makes it very difficult to hold the company accountable if something goes wrong.
Another concern is that the EA builder tool itself seems to be very basic and limited in functionality. It’s possible that the company is simply over-promising and under-delivering on their product.
Lastly, we found some reports of people who claimed they were unable to get their money back after cancelling their subscription. This is definitely a cause for concern and makes us question whether or not this company is legitimate.
Overall, we would say that EA-Builder.net is probably a scam. We would recommend proceeding with caution if you are considering using their services.
Conclusion
Although EA-Builder.net may seem like a legitimate website at first glance, there are several red flags that suggest it may be a scam. For one, the website is very new and doesn’t have much information about itself. Additionally, the testimonials on the site seem fake, and there are no customer reviews to be found anywhere else online. Overall, it’s best to be cautious when dealing with EA-Builder.net and only use it if you’re absolutely sure it’s legitimate.