How to convert EA to cBot
So, you’ve made the decision to convert your Expert Advisor (EA) to cBot. In this article, we’ll outline the primary methods available and compare their pros and cons.
Method One: Online Converters
There are several online converters available on the internet that allow you to convert your Expert Advisors with just a few clicks. Here is the most popular one: https://mt4converter.com/
Pros:
Quick and free. This method saves you money and time.
Cons:
Online converters typically support only simple EAs. If your EA contains complex logic or integration with external systems, converters may not suffice.
Ensure thorough backtesting to confirm that the resulting cBot trades identically to the original.
Method Two: Rewrite the EA in cBot Yourself
You’ll need solid knowledge of MQL and C#, as well as a lot of patience for this method.
Pros:
Confidence in your code.
You can optimize the cBot for use in the cTrader platform, including cloud deployment.
Cons:
It takes a significant amount of time to understand how the EA works and then translate that logic into cBot.
This method is suitable only for experienced programmers with backgrounds in MQL and C#.
Method Three: Hire a Professional Programmer
Both cTrader and MetaTrader are mature platforms that have been in the market for many years. Over time, numerous individuals and companies have emerged, specializing in developing new trading bots and converting existing ones from one platform to another.
Here is the list of the most famous service providers:
https://clickalgo.com/
https://ctrader.guru/
https://www.reavolution.com/
Pros:
High-quality result. These providers have hundreds of cBots under their belts, ensuring they account for the most subtle nuances of trading system development.
Cons:
Cost and time.
Method Four: Use ea-to-cbot-bridge
While not a direct conversion, an ea-to-cbot-bridge addresses the task of transitioning an EA from the MetaTrader world to cTrader.
Pros:
Time-saving. No need to wait for conversion; the ea-to-cbot-bridge is ready to work with original Expert Advisors.
Cost-effective. The ea-to-cbot-bridge is entirely free, with no hidden fees.
Privacy. You don’t have to hand over your EA’s code to a third party for conversion, ensuring it won’t be misused.
Identical behavior. The ea-to-cbot-bridge mirrors trades of the original Expert Advisor in the cBot, ensuring they operate by the same rules.
Cons:
You need to keep a VPS running with the EA activated. Fortunately, only one VPS is required, and it’s solely for your use. Those running the resulting cBot won’t need a VPS. Moreover, the resulting cBots can be deployed in the cTrader’s free cloud and managed via the mobile app.
In conclusion, the method you choose to convert your EA to cBot depends on your expertise, resources, and priorities. Whether you opt for convenience, control, or cost-effectiveness, each method offers its own set of advantages and challenges. Select wisely to ensure a seamless transition of your trading strategy onto the cTrader platform.