Verdict
you only trade MetaTrader 5 and want generation, backtesting and versioning in one place, inside Myfxbook's wider forex site with its calendar, calculators and account tracking.
you want EAs compiled in MetaEditor before delivery, also need TradingView indicators, Python crypto bots or chart analysis, or prefer a one-time price: Lifetime with bots is $74 once.
At a glance
| Aspect | Edgoro | Myfxbook Strategy AI |
|---|---|---|
| Pricing | $29/month or $49 once (Lifetime). MT5 and Python bots are an option: +$25 at checkout or $49 later | Credit plans: Starter $25/month (about 1 strategy), Plus $50 (about 3), Pro $150 (about 12), by Myfxbook's own estimate |
| Pine Script v6 | Yes, always v6 | Not mentioned |
| MT5 / MQL5 | Yes, MQL5 Expert Advisors (bots option). No MQL4 | Yes: generates MT5 Expert Advisors, editable in MT5's editor |
| Python bots | Yes, ccxt bots for Binance, Bybit and OKX (bots option) | Not mentioned |
| 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 described on its page |
| Chart analysis | Yes, from a screenshot of any chart, in both plans | Not mentioned |
| Backtesting | Pine strategies ready for TradingView's Strategy Tester; Backtest Lab option ($9/month) on crypto history | Built in, on historical data, with versioning; shared strategies show backtest and forward-test results |
| 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 | No free plan on its pricing panel (Myfxbook sign-up is free) |
| Refunds | 7-day money-back guarantee on an unused first purchase | Not stated on the Strategy AI page |
What each tool is
Myfxbook Strategy AI generates Expert Advisors for MetaTrader 5. You set your preferences, the AI combines trading logic, indicators and risk parameters, and you can backtest the result on historical data and keep versions to compare or roll back. Plans are monthly and credit-based; generating strategies, creating code and running backtests all use credits. It sits inside Myfxbook, alongside its calendars, calculators and account tracking.
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 Myfxbook Strategy AI is stronger
- Backtesting in the same place. Generate, backtest and compare versions without leaving the page. Edgoro hands you the EA to test in MetaTrader 5's Strategy Tester.
- Versioning built for strategies: compare performance across versions and roll back.
- A public record. Its strategy board shows backtest and forward-test results for shared strategies.
- A bigger site around it. Strategy AI sits inside Myfxbook, next to its economic calendar, calculators, broker and prop-firm reviews and account tracking. Edgoro launched in November 2026.
Where Edgoro is different
- Compiled before you get it. Edgoro compiles each EA in MetaEditor; errors go back to the AI automatically, up to two fixes per conversation. Myfxbook's page says you can edit the generated EA in MT5's editor but doesn't describe a compile check.
- Pricing. MT5 bots are an option on top of an Edgoro plan: +$25 at checkout or $49 later. Lifetime plus bots is $74 once; Pro Monthly plus bots starts at $29 a month plus the one-time option. Myfxbook's plans run $25 to $150 a month, and its pricing panel estimates about one strategy a month on Starter.
- Beyond MetaTrader 5. The same account writes TradingView indicators in Pine Script v6, Python crypto bots and analyses chart screenshots.
- Refunds. Edgoro refunds an unused first purchase within 7 days.
Read backtests with care
A backtest, on either tool, describes how rules behaved on past data. Myfxbook's own FAQ makes the same point: results don't guarantee future performance and Strategy AI doesn't guarantee profitable strategies. Run any EA on a demo account before real money. See backtesting mistakes that inflate results.
Frequently asked questions
How much does Myfxbook Strategy AI cost?
Its pricing panel lists Starter at $25 a month (25,000 credits, about 1 strategy), Plus at $50 (60,000 credits, about 3) and Pro at $150 (216,000 credits, about 12). Credits reset each billing cycle and don't roll over unless stated.
Can I edit the generated EA?
Yes with both. Myfxbook says you can modify the generated EA in MT5's editor. Edgoro delivers the full MQL5 source, compiled in MetaEditor, and you can ask for changes in the same chat.
Does either tool write TradingView or crypto code?
Edgoro writes TradingView indicators in Pine Script v6 and, with the bots option, Python crypto bots for Binance, Bybit and OKX. Myfxbook's Strategy AI page covers MetaTrader 5 Expert Advisors only.
Sources
- Myfxbook Strategy AI: page, pricing panel and FAQ · 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.