AlgoStudio vs FXDreema
FXDreema uses a visual flowchart editor to build EAs. AlgoStudio uses pre-built templates. Both are no-code tools — here is how they differ.
Feature Comparison
| Feature | AlgoStudio | FXDreema |
|---|---|---|
| Approach | Template-based builder | Visual flowchart editor |
| Time to first EA | Under 5 minutes | 30-60 minutes |
| Learning curve | Minimal | Moderate — learn flowchart system |
| Starting point | Working strategy template | Blank flowchart |
| MQL5 output | Clean, commented source | Generated from flowchart |
| MQL4 output | Pro and Elite plans | Yes |
| Strategy flexibility | Template-based | Unlimited flowchart logic |
| Risk management | Built-in (ATR SL, sizing, limits) | Manual flowchart setup |
| Session filters | Built-in toggle | Manual flowchart setup |
| Custom indicators | Via MQL5 editing | Via flowchart blocks |
| Web-based | Yes | Yes |
| Code readability | Well-structured, easy to modify | Auto-generated from flow |
| Free tier | Yes — all templates, 1 export/month | Yes — basic features |
Pricing Comparison
AlgoStudio
- ✓Free tier with all templates
- ✓Pro: unlimited exports, monthly subscription
- ✓Cancel anytime
- ✓MQL4 export on Pro+
FXDreema
- •Free tier with basic features
- •Paid plans for advanced features
- •Subscription-based pricing
- •MQL4 and MQL5 export
Pros and Cons
AlgoStudio
Pros
- Start with a working strategy, not a blank canvas
- Built-in risk management requires zero setup
- Cleaner, more readable MQL5 output
- Fastest path from idea to exported EA
- Sensible defaults for every parameter
Cons
- Less flexible than flowchart approach
- Cannot build arbitrary strategy logic
- Fewer total blocks and nodes available
FXDreema
Pros
- Unlimited strategy flexibility
- Visual flowchart is intuitive once learned
- Large library of available blocks
- Web-based like AlgoStudio
- Strong MQL4 support
Cons
- Starts from blank — no templates
- Risk management must be built manually
- Generated code can be hard to read
- Longer time to first working EA
Who Should Use Which?
Choose AlgoStudio if you:
- ✓Want to automate a common strategy type quickly
- ✓Value clean, maintainable MQL5 source code
- ✓Want professional risk management built in
- ✓Prefer starting with a working strategy rather than building from scratch
Choose FXDreema if you:
- •Need completely custom strategy logic
- •Enjoy visual programming and flowcharts
- •Need MQL4 as your primary output format
- •Are willing to invest more time for more flexibility