AlgoStudio vs EA Builder
Both platforms let you build Expert Advisors without coding. Here is an honest comparison of their approaches, features, and trade-offs.
Feature Comparison
| Feature | AlgoStudio | EA Builder |
|---|---|---|
| Approach | Template-based visual builder | Drag-and-drop block editor |
| Time to first EA | Under 5 minutes | 30-60 minutes |
| Learning curve | Minimal — start with a working strategy | Moderate — learn the block system |
| MQL5 output | Clean, commented source code | Auto-generated code |
| MQL4 output | Pro and Elite plans | Primary focus |
| Strategy templates | 6 pre-built templates with defaults | Blank canvas |
| Risk management | Built-in (ATR SL, position sizing, daily limits) | Manual configuration |
| Session filters | Built-in | Manual setup |
| Custom indicators | Via MQL5 code editing | Built-in indicator builder |
| Backtesting | Via MT5 Strategy Tester | Not included |
| Code readability | Well-structured, easy to modify | Machine-generated, harder to edit |
| Web-based | Yes — works in browser | Desktop application |
| Updates | Automatic, always latest version | Manual download |
Pricing Comparison
AlgoStudio
- ✓Free tier: all templates, 1 project, 1 export/month
- ✓Pro: unlimited projects and exports
- ✓Monthly subscription — cancel anytime
- ✓No upfront cost to get started
EA Builder
- •Free version with limited features
- •Full version: one-time purchase
- •No ongoing cost after purchase
- •Updates may require additional purchase
Pros and Cons
AlgoStudio
Pros
- Fastest path from idea to working EA
- Clean, readable MQL5 source code
- Built-in risk management and session filters
- Web-based — no software to install
- Generous free tier to evaluate
Cons
- Limited to template-based strategies
- No custom indicator builder
- Requires MT5 for backtesting
EA Builder
Pros
- More flexible strategy building
- Custom indicator support
- One-time purchase (no recurring fees)
- Large existing user community
Cons
- Steeper learning curve
- Code output harder to read and modify
- Desktop-only (no web version)
- Risk management requires manual setup
Who Should Use Which?
Choose AlgoStudio if you:
- ✓Want the fastest path to a working EA
- ✓Value clean, editable MQL5 source code
- ✓Want built-in risk management without setup
- ✓Prefer a web-based tool with no installation
Choose EA Builder if you:
- •Need custom indicators not in templates
- •Prefer a one-time purchase over subscription
- •Want maximum flexibility in strategy logic
- •Are comfortable with a longer learning curve