fxDreema Alternative for MT5 and TradingView

The short answer

AlfaTactix is an fxDreema alternative for traders who would rather fill in a form than connect blocks. You set your rules in a 7-step form, backtest them on the site on your own data, then download one readable MQL5 Expert Advisor for MetaTrader 5 or a Pine Script v6 strategy for TradingView. AlfaTactix Free costs €0; paid plans cost €19, €39 or €79 a month. fxDreema stays the closer fit for MetaTrader 4 and block-by-block control.

This page describes fxDreema only from its own pages, as of November 2026, with numbered sources. We did not test fxDreema, and neither product's page says how a strategy will do in the market.

fxDreema in brief

fxDreema is a builder for Expert Advisors and scripts for MetaTrader 4 and MetaTrader 5 that you use without writing code [1][3]. As of November 2026, its own pages state:

How you build: you connect blocks in a logical tree. Each block checks a condition or does an action, and you set its parameters [4].
What you get: a file in .mq4, .ex4, .mq5 or .ex5 [3].
Where it runs: a web app, also available as a Windows program that works offline. It has been online since November 2011 [3].
Free plan: up to 10 connections between blocks to export a file, 100 blocks in a project and 30 projects [2].
Full plan: up to 10,000 connections, 3,000 blocks in a project and 10,000 projects. You pay once for a period: €27 for 1 month, €48 for 3, €77 for 6, €103 for 9 or €133 for 12 months, with prices in US dollars too [2].
When a plan ends: you are not billed again; your projects stay and your exported programs keep working [2].
Paid extra: an MQL4 to MQL5 converter for Expert Advisors, scripts and indicators [5].

Who each tool suits

fxDreema suits you if you think in program flow and want control block by block: events such as Init, Timer, Tick or Trade, loops over trades and orders, your own custom blocks, and money-management blocks that include a fully customisable martingale [3]. It covers MetaTrader 4 as well as MetaTrader 5, and it exports compiled files as well as source code [3]. Its documentation says it also suits programmers who want to make changes quickly [4].

AlfaTactix suits you if you would rather state rules than design a flow: an entry, filters, exits and risk, each set in a fixed 7-step form. It also suits you if you trade on TradingView, if you want to backtest a strategy before you install MetaTrader 5, or if you want an AI to fill the form from your own words: Tactix Studio, in the paid plans, fills the same form you can fill by hand and never writes code. It does not suit you if you need MetaTrader 4, or logic the form has no field for.

fxDreema and AlfaTactix side by side

fxDreema facts are as of November 2026, from its own pages. AlfaTactix facts are from our pricing page and the product.

	fxDreema	AlfaTactix (ours)
Price model	Free for small projects; Full is paid once per period, from €27 for 1 month to €133 for 12 months, with no automatic billing [1][2]	Free €0 with no end date; Starter €19, Trader €39, Pro €79 a month, or a year for the price of 10 months; no automatic renewal
Free plan limits	10 connections between blocks, 100 blocks in a project, 30 projects [2]	1 saved strategy, 1 code download a month, 3 backtests a day, the 11 basic indicator types
Platforms	MetaTrader 4 and MetaTrader 5 [1][3]	MetaTrader 5 or TradingView, one platform per strategy, switched in Step 1; no MetaTrader 4
How you set the rules	Connect blocks in a logical tree and set each block's parameters [4]	Fill a 7-step form: 47 indicator types, up to 3 timeframes and up to 8 filters per strategy
AI	None described on the pages we read [1][3]	Tactix Studio, in the paid plans, fills the form from your words; it never writes code
Output	A `.mq4`, `.ex4`, `.mq5` or `.ex5` file [3]	One readable `.mq5` source file or one Pine Script v6 strategy; every indicator is written out in the code
Testing	The exported program in MetaTrader's Strategy Tester, then a demo account [2][4]	A backtest on the site on data you upload, with no MetaTrader 5 install; then the platform's own tester

AlfaTactix at a glance (our product)

A guided 7-step form that writes one readable .mq5 Expert Advisor for MetaTrader 5, or a Pine Script v6 strategy for TradingView from the same kind of rules. 47 indicator types, up to 3 timeframes and up to 8 filters per strategy. A backtest on the site, on your own data, with no MetaTrader 5 install. Tactix Studio, in the paid plans, fills the form from your words and never writes code. Free: €0, 1 saved strategy, 1 code download a month and 3 backtests a day. Starter €19, Trader €39, Pro €79 a month.

Our limits

What AlfaTactix does not do, so you can rule it out quickly:

No MetaTrader 4. The builder generates MQL5 for MetaTrader 5 and Pine Script v6 for TradingView.
One platform per strategy. A strategy runs on one platform at a time; you switch it in Step 1, and the form first lists the settings that change.
A fixed form, not free logic. If the form has no field for a rule, you cannot add one. fxDreema's custom blocks give more freedom here.
No news filters in this release.
No grid or martingale money management.
No strategy mining. AlfaTactix does not search for or generate strategies for you; you bring the rules.
Backtests run on data you upload, on any timeframe down to one minute; how many days one run covers depends on your plan (Pricing).
No import of fxDreema projects; you set the rules again in the form.

When fxDreema is the better choice

Choose fxDreema, or stay with it, if one of these is true for you:

You trade on MetaTrader 4, or you want MetaTrader 4 and MetaTrader 5 files from the same tool [1][3].
You want to build event-driven logic block by block: timers, chart events, loops over trades and orders, or your own custom blocks [3].
You want martingale or other custom money-management sequences [3].
You want compiled .ex4 or .ex5 files, or a Windows program that works offline [3].
You need to convert existing MQL4 code to MQL5 [5].
You already have fxDreema projects: they stay in your account after a paid plan ends [2].

Other fxDreema alternatives

Other tools answer the same need in other ways. The MQL5 Wizard in MetaEditor generates a ready-made Expert Advisor from the standard library: you pick the trading signals, the money management and the trailing stop [6]. EA Builder composes indicators and strategies for MetaTrader 4, MetaTrader 5 and TradeStation; indicators are free and strategies need a one-time upgrade [7]. Expert Advisor Studio generates and backtests strategies for you, and exporting them for MetaTrader needs a subscription [8].

For more tools in one table, read the best MT5 EA builder for beginners, vendor by vendor in the Academy. EA Builder has its own alternative page, and for TradingView there is the Pineify alternative.

Questions and answers

Is there a free alternative to fxDreema for MetaTrader 5?

Yes. AlfaTactix Free costs €0, has no end date and needs no card. It includes 1 saved strategy, 1 code download a month, 3 backtests a day of up to 30 days each on your own data, and the 11 basic indicator types. The download is a readable MQL5 Expert Advisor for MetaTrader 5 or a Pine Script v6 strategy. Compare the plans

Can I import my fxDreema projects into AlfaTactix?

No. AlfaTactix cannot import fxDreema projects, so you set the same rules again in the 7-step form: the entry, the filters, the exits and the risk. Logic the form has no field for, such as a martingale or a custom block, cannot be rebuilt there. Your projects stay in your fxDreema account, so you can keep both while you compare.

Does AlfaTactix support MetaTrader 4 as fxDreema does?

No. AlfaTactix writes MQL5 for MetaTrader 5 and Pine Script v6 for TradingView, and it has no MetaTrader 4 generator. If your broker gives you only MetaTrader 4, a tool that exports MQL4, such as fxDreema, fits better. If the broker also offers MetaTrader 5, you can build the strategy for MetaTrader 5 in AlfaTactix and run it there.

Can one AlfaTactix strategy target both MetaTrader 5 and TradingView?

Not at the same time: each strategy targets one platform, chosen in Step 1. You can switch an existing strategy to the other platform there, and the form first shows which settings that platform lacks and what happens to them. The result is either an MQL5 Expert Advisor for MetaTrader 5 or a Pine Script v6 strategy for TradingView, never both from one save.

Do I need MetaTrader 5 installed to backtest an AlfaTactix strategy?

No. The backtest runs on the site, on data you upload, on every plan, Free included, on any timeframe down to one minute; how many days one run covers depends on your plan. A backtest is not a forecast: before you trade, also test the downloaded Expert Advisor in the MetaTrader 5 Strategy Tester and on a demo account. How the backtest compares with MetaTrader 5

Sources

The numbers in brackets in the text point to this list. Each page was read in November 2026; prices and plans change, so check the vendor's page before you buy.

fxDreema: fxDreema Expert Advisor Builder (opens in a new tab).
fxDreema: Payment plans in fxDreema (opens in a new tab).
fxDreema documentation: fxDreema Features (opens in a new tab).
fxDreema documentation: Is fxDreema for me? (opens in a new tab)
fxDreema: MQL4 to MQL5 Converter (opens in a new tab).
MetaQuotes, MetaEditor Help: MQL4/MQL5 Wizard (opens in a new tab).
EA Builder: Expert Advisor Builder - Create indicators and strategies for MetaTrader 4 & 5 and TradeStation (opens in a new tab).
Forex Software: Expert Advisor Studio - world's fastest platform for creating Expert Advisors online (opens in a new tab).