You can design simple or complex strategies visually.

The Etasoft Forex Generator 7 is suitable for:

Features a spread limit to prevent the EA from opening orders when market spreads are too high.

Expert Advisors Explained | Learn how to use EAs with MT4 - IG

: The primary starting points for EA execution; only one event block is typically allowed per diagram.

A: Yes, because it only generates signals. However, your broker’s data feed must match the GMT offset you configure in the software.

Once the diagram is complete, it generates native MQ4 or MQ5 source code that you can compile directly in MetaTrader. Key Features of Version 7 Multi-Terminal Support: Unlike earlier versions, Forex Generator 7 supports both MT4 and MT5

While Etasoft does not execute trades automatically (unless you link it via a risky bridge), the constant scanning of tick data could be flagged as automated access. You should use a dedicated VPS (Virtual Private Server) to run the software and ensure you are not violating your broker’s acceptable use policy.

It handles complex, non-trivial functions natively, including trailing stops, break-even settings, custom time windows, and multi-currency trend confirmation. Strategic Comparison: Etasoft vs. Competitors

| Tool / Method | Primary Strength | Key Weakness | Best For | Typical Pricing | | :--- | :--- | :--- | :--- | :--- | | | Visual, no coding required | Bad code quality, reported execution errors, likely abandoned software | Small-scale testing of simple ideas (with high risk of bugs) | $149 (historical) | | fxDreema | Modern web-based visual builder | Steeper learning curve than simple generators, requires structured logic | Visually building complex strategies with a supportive online community | Freemium / Subscription | | MQL5 Wizard | Free, built into MetaEditor | Less flexible, uses pre-defined templates | Generating simple EAs with standard features at no cost | Free | | Molanis Strategy Builder | Detailed visual mapping of logic | Less user-friendly for very basic users | Methodically building and visualizing trade flows | One-time fee (various pricing) | | Learn MQL4/5 Coding | Maximum control, efficiency, and strategy accuracy | Requires significant time investment to learn | Professional traders and those needing precise, bug-free custom solutions | Free (your time) |