This MetaTrader 5 repository contains a collection of experimental expert advisors focused on trend-following and crossover logic. The primary codebase utilizes the Average Directional Index (ADX) to gauge trend strength and Moving Average crossovers to determine trade entries. The included tools feature hardcoded stop
EA Library · 1,377 open-source EAs
Free MT5 Expert Advisors (page 29)
Open-source expert advisors for MetaTrader 5, each linked to its MQL5 source code on GitHub.
Expert advisors1,377
For MT51,377
For MT4127
Updated in a year632
MT5 EAs, Most Starred First
This MetaTrader 5 expert advisor implements a mean-reversion strategy using the Triple Exponential Moving Average and Average True Range indicators. It constructs dynamic volatility bands by applying a multiplier to the ATR value relative to the TEMA. The robot enters a sell position when the market price breaks above
This repository provides a collection of expert advisors for MetaTrader 4 and MetaTrader 5. The primary MetaTrader 5 file implements Mamdani fuzzy logic, processing three Relative Strength Index (RSI) inputs to determine market entries. The collection also includes several MetaTrader 4 experts focused on grid-based mon
This collection for MetaTrader 4 and 5 includes various expert advisors exploring fuzzy logic and standard technical indicators. The primary logic demonstrated in the source files utilizes Simple Moving Averages to identify trend direction and price positioning. It features standard risk controls including fixed lot si
This collection of MetaTrader 4 and 5 expert advisors provides various utilities for trade management and entry automation. The primary tool, Multi TP, monitors specific order tickets to execute partial closes and modify stop losses when price targets are hit. Additional scripts automate entries based on price action p
Setup Da Paula is a MetaTrader 5 expert advisor that automates a technical trading strategy based on Bollinger Bands. The robot enters trades when specific price conditions are met relative to the bands, incorporating a volatility filter that checks the minimum band width in points. It manages risk through a fixed stop
This Expert Advisor for MetaTrader 5 implements a trend-following strategy based on four moving averages. It determines market direction to trigger buy or sell entries during specified trading hours. The robot features time-restricted operations, allowing trade execution only between set start and end times. Risk manag
This MetaTrader 5 expert advisor automates trading for the Brazilian Mini Dollar market. It operates as an intraday robot, utilizing specific time-based filters to control when the system can open new positions and when it must liquidate all open trades before the daily market close. The EA includes standard risk contr
Quanta is an automated trading robot for MetaTrader 4 and MetaTrader 5 that executes trades based on external indicator signals. The EA utilizes the WebRequest function to download data and HTML files from a remote server to guide its trading logic. For risk control, the system provides parameters for manual lot sizing
This expert advisor for MetaTrader 5 provides a foundational implementation of the Relative Strength Index (RSI). It calculates the RSI value using a standard 14-period setting on the current chart and timeframe. The code focuses on data retrieval and processing, using the iRSI function and price buffers to determine t
The Forex Meta Analysis EA is a tool for meta analysis of technical indicators and moving averages on forex instruments. It collects data from MetaTrader 5 and exports it to a Python server that generates a meta analysis webpage for clients. The EA supports multiple symbols, indicators, moving averages, and timeframes.
This MetaTrader 5 expert advisor serves as an equity monitoring utility designed to alert traders when their account equity hits a specific target. It operates by continuously scanning the account status and comparing the live equity value against a user-defined parameter. When the threshold is met, the program sends a
This utility for MetaTrader 5 monitors open positions to alert the user when a specific profit target is achieved. It continuously checks the floating profit of active trades against a user-defined input parameter. When a trade meets or exceeds this threshold, the expert advisor sends a mobile push notification to the
This MetaTrader 5 utility functions as a trade manager that monitors open positions for specific profit levels. It automatically closes a position once the floating profit reaches or exceeds a user-defined monetary threshold. The tool operates by scanning symbols in the market watch on every price tick. It automates ex
This MetaTrader 5 expert advisor implements J. Welles Wilder's momentum concept as described in his foundational technical trading literature. The tool functions as a price scanner that calculates the mathematical difference between the most recent closed bar and a historical reference bar. It outputs these calculation
This MetaTrader 5 tool scans historical price data to identify candlesticks with identical characteristics to the most recently closed candle. It functions as a pattern recognition utility for identifying Japanese Candlestick formations such as the Homing Pigeon and Marubozu across various timeframes. The expert operat
Gold Warrior is a MetaTrader 5 expert advisor that utilizes a combination of Commodity Channel Index (CCI), ZigZag, and momentum impulse indicators for trade execution. The robot manages individual positions with fixed stop loss and take profit settings while employing a trailing stop for profit protection. It features
The Quantum Reverse EA is a low-frequency counter-trend trading robot developed for the MetaTrader 5 platform. It aims to identify potential market reversals to enter trades against the current trend direction. Based on the provided repository contents, the expert advisor is in a foundational state, as the main source
This repository provides a specialized framework and example expert advisors for developing Renko-based trading systems on the MetaTrader 5 platform. It includes a dedicated MQL5 header library that simplifies integration with the Median Renko indicator bundle. The framework handles the acquisition of chart settings au
MartGreg GP1 is a MetaTrader 5 expert advisor designed for automated trading with a focus on specific instruments like Brent Crude. It executes trades using a fixed lot size and manages each position with predefined stop loss and take profit levels. The system includes a risk management component that tracks the accoun
This repository provides a collection of expert advisors for the MetaTrader 5 platform, primarily utilizing the standard MQL5 library components. The main expert advisor, ExpertMAPSARSizeOptimized, generates trade entries based on Moving Average crossovers and manages exits using a Parabolic SAR trailing stop. It inclu
This MetaTrader 5 expert advisor is a pattern-based automated trading system that utilizes external signal data from a CSV file. It incorporates several risk management parameters, such as a maximum position limit, a maximum loss threshold, and a count for consecutive losing trades. The EA also includes a trailing stop
This repository is a collection of expert advisors for the MetaTrader 5 platform, featuring several trend-following and indicator-based strategies. It includes implementations for MACD crossovers, Moving Average crosses, and Parabolic SAR logic. The experts provide standard trade management features such as fixed lot s
Parallel Strategies is a multi-strategy expert advisor for MetaTrader 4 that executes four independent trading systems concurrently. These systems include moving average crossovers, MACD breakouts, Heiken Ashi signals, and a combined Heiken-MACD approach. Each strategy operates with its own magic number for distinct ma
This MetaTrader 5 expert advisor implements a multi-currency trading strategy based on a coefficient matrix of major forex pairs. It monitors price movements across a predefined set of currencies, including EUR, USD, GBP, AUD, JPY, and CAD, to identify trading opportunities. The system manages trades as a collective ba
This MetaTrader 5 expert advisor implements a technical trading strategy using Bollinger Bands and the Double Exponential Moving Average (DEMA). It performs multi-timeframe analysis, referencing the 30-minute chart for volatility envelopes and the daily chart for trend filtering. The robot executes trades using fixed l
Smith MQL5 is an automated trading robot for MetaTrader 5 that utilizes a combination of technical oscillators, specifically OsMA, MACD, and Stochastic. The system evaluates price action across multiple timeframes, from M1 to weekly charts, to determine entry points. It includes trade management features such as fixed
This repository contains several MetaTrader 4 and 5 expert advisors, primarily focusing on multi-symbol basket trading and automated position management. The main EA allows users to trade up to six currency pairs simultaneously with predefined directions. It features a mechanism to add positions based on fixed distance
This MetaTrader 5 expert advisor executes trades based on the crossover of two moving averages. It allows users to define periods for both long and short averages and select the calculation method, such as Exponential Moving Average. The EA includes internal time management, allowing for specific start and end times pl
This MetaTrader 5 expert advisor implements a classic dual moving average crossover strategy. It tracks two Simple Moving Averages with configurable fast and slow periods to determine trade entry and exit points. The robot checks for signals every 15 seconds via a timer function rather than on every price tick. Users c
This MetaTrader 5 expert advisor implements a triangular arbitrage strategy targeting price discrepancies between correlated currency pairs. The robot monitors specific instruments, including EURUSD, USDJPY, EURJPY, USDCAD, and CADJPY, to identify synthetic price gaps. It executes trades when the calculated gap exceeds
This MetaTrader 5 expert advisor implements a multi-symbol trading system centered on Bollinger Band breakout strategies. It utilizes an object-oriented framework to manage multiple concurrent strategy instances across various markets including forex and precious metals. The system incorporates a position management mo
MEAS is a scalping robot for MetaTrader 5 that implements a martingale strategy for financial markets. The expert advisor captures small price movements while managing positions through adjustable stop loss and take profit levels. It provides options for either fixed lot sizes or incremental lot increases based on acco
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Third-party code. ForexR lists open-source EAs from GitHub; it did not write, test or endorse them, and their summaries are generated automatically from each repository's README and code. Read the code, backtest it and use a demo account first. CFDs and leveraged forex are complex instruments with a high risk of losing money rapidly.
Learn How to Use Expert Advisors
Free, plain-English guides: find an EA, install it, set it up, test it and run it safely.
- 1Types of EAsRobots, trade managers, copiers and risk tools, and what each is for.
- 2Using this librarySearch, filters, badges and what our checks do and do not mean.
- 3Install an EA in MT4 or MT5Data folder, compile, attach to a chart and switch on algo trading.
- 4EA settings explainedLot size, stop-loss, magic number, max spread and trading hours.
- 5Backtest in the Strategy TesterModelling, spread, the report and the over-fitting trap.
- 6Choose a safe EAA checklist for the code, the logic, the evidence and the fit.
- 7Run an EA 24/7VPS, forward testing on demo and going live small.
- 8Open-source EAs on GitHubLicences, compiling in MetaEditor and editing inputs safely.
- 9Forex robots: an honest guideWhat automation can and cannot do for you.
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