Verdict
you want to see and edit your EA's logic as visual blocks, you need MetaTrader 4 as well as MetaTrader 5, your project is small enough for its free tier, or you want its MQL4-to-MQL5 converter.
you'd rather describe the EA in plain English than wire blocks together, want each EA compiled in MetaEditor with errors fixed automatically, or also need TradingView indicators, Python crypto bots or chart analysis.
At a glance
| Aspect | Edgoro | fxDreema |
|---|---|---|
| Pricing | $29/month or $49 once (Lifetime). MT5 and Python bots are an option: +$25 at checkout or $49 later | Free for small projects; Full: one-time payments per period, e.g. €27 (about $30) for 1 month or €133 (about $148) for 12 months, no auto-renewal |
| Pine Script v6 | Yes, always v6 | No (MetaTrader only) |
| MT5 / MQL5 | Yes, MQL5 Expert Advisors (bots option). No MQL4 | Yes: MT4 and MT5 Expert Advisors and scripts, built from visual blocks |
| Python bots | Yes, ccxt bots for Binance, Bybit and OKX (bots option) | No (MetaTrader only) |
| Compile check | MQL5 compiled in MetaEditor and Python checked with py_compile; Pine Script checked by Edgoro Pine Check, our own v6 checker (not TradingView's compiler). Up to 2 automatic fixes | Not stated on its site |
| Chart analysis | Yes, from a screenshot of any chart, in both plans | No |
| Backtesting | Pine strategies ready for TradingView's Strategy Tester; Backtest Lab option ($9/month) on crypto history | In MetaTrader's Strategy Tester, which it tells you to use before going live |
| Free option | Free Pine Script generator (3 scripts a month, no account), error fixer, strategy builder, 33 calculators and an indicator library. No free tier for the builder | Yes: up to 10 connections between blocks, 100 blocks per project and 30 projects |
| Refunds | 7-day money-back guarantee on an unused first purchase | You can ask; it says the request may not be fulfilled |
What each tool is
fxDreema is a visual builder for MetaTrader 4 and 5: you build Expert Advisors and scripts by connecting blocks with the mouse, no programming needed, including martingale, trailing stops and custom indicators. It is free for simple projects. A paid "Full" plan lifts the limits, and paid members also get a converter from MQL4 to MQL5.
Edgoro turns a plain-English description into a TradingView indicator or strategy in Pine Script v6, and analyses chart screenshots. MetaTrader 5 Expert Advisors in MQL5 and Python crypto bots are an option on top of a plan; each EA is compiled in MetaEditor before you get it, with up to two automatic fixes. It launched in November 2026 and is built by a small company in France. Plans are Pro Monthly at $29 a month or Lifetime at $49 once.
Where fxDreema is stronger
- You see the logic. Every condition and action is a block you can inspect and move, which some traders find easier to audit than code written by AI.
- MetaTrader 4 and 5. Edgoro writes MQL5 for MetaTrader 5 only.
- A free tier for small EAs (up to 10 connections between blocks), and paid periods that never renew automatically.
- MQL4 to MQL5 conversion for paid members.
- A community around it. fxDreema has its own forum, and builds made with it are discussed on trading forums such as BabyPips.
Where Edgoro is different
- Words instead of blocks. Describe the market, entry, stop, risk per trade and hours; Edgoro writes a complete MQL5 Expert Advisor with the risk controls as inputs. You refine it by asking ("only trade the London session").
- Compiled before you get it. Each EA is compiled in MetaEditor, MetaTrader 5's own compiler. A clean build shows 0 errors and the warning count; errors go back to the AI automatically, up to two fixes per conversation.
- Beyond MetaTrader. The same account writes TradingView indicators in Pine Script v6, analyses chart screenshots, and with the bots option writes Python crypto bots.
- Pricing. Bots are an option on top of a plan: +$25 at checkout or $49 later. With Lifetime ($49) that's $74 once in total.
Test any EA the same way
Whichever builder you use, run the EA in MetaTrader 5's Strategy Tester, then on a demo account, before real money. A clean compile proves the code builds, not that the strategy works. Edgoro's guides cover an MQL5 risk checklist and lot size from risk percent.
Frequently asked questions
Is fxDreema free?
For small projects, yes: the free tier allows up to 10 connections between blocks (needed to export a file), 100 blocks per project and 30 projects. The Full plan is paid per period, for example €27 for one month or €133 for twelve, with no automatic renewal.
Does fxDreema use AI?
Its site presents it as a visual, no-programming builder; it doesn't describe AI generation. Edgoro writes the EA with AI from your plain-English description.
Which one supports MetaTrader 4?
fxDreema builds for MetaTrader 4 and 5. Edgoro writes MQL5 for MetaTrader 5 only.
Is the EA compiled for me?
Edgoro compiles each EA in MetaEditor before delivery, with up to two automatic fixes. fxDreema's homepage and purchase page don't describe a compile step.
Sources
- fxDreema homepage · checked on
- fxDreema purchase plans · checked on
- fxDreema MQL4 to MQL5 converter · checked on
- BabyPips forum: a first EA build with fxDreema · checked on
- Edgoro pricing · checked on
- Edgoro refund policy · checked on
- Edgoro Pine Script generator: what it writes and its limits · checked on
- Edgoro MT5 Expert Advisor generator: compile check · checked on
Product names belong to their owners and are used only to identify the products compared. Spotted something out of date? Write to support@edgoro.com and we'll correct it. Trading involves substantial risk of loss and is not suitable for every investor. Edgoro is a software tool, not a broker or financial adviser: nothing it produces is investment advice, and past or backtested performance does not guarantee future results.