The BU ATR Breakeven Engulfing is a MetaTrader 4 robot that executes trades based on candlestick price action and volatility indicators. It identifies entry points using bullish and bearish engulfing patterns, which are then filtered through the Relative Strength Index to confirm momentum. The system incorporates dynam
EA Library · 222 open-source EAs
Free Scalping Expert Advisors (page 5)
Open-source scalping expert advisors that aim for small, frequent gains on short timeframes.
Expert advisors222
For MT5173
For MT461
Updated in a year126
Scalping EAs, Most Starred First
ANB Scalper is an automated trading robot for MetaTrader 4 that implements a scalping strategy centered on Fibonacci retracement levels. The EA calculates support and resistance zones by analyzing the highest and lowest prices over a user-defined candle lookback period. It filters potential entries using a combination
Average Scalper is a MetaTrader 4 expert advisor designed for trend-following strategies based on moving average levels and volatility ranges. It uses a 50-period Exponential Moving Average to determine market direction, initiating buy orders when the price is above the line and sell orders when below. Risk management
This MetaTrader 5 expert advisor implements a breakout scalping strategy by placing pending buy and sell stop orders relative to recent price extremes. It identifies entry levels by analyzing highs and lows over a user-defined number of bars. The robot includes built-in risk controls such as hard stop loss and take pro
Quants EA is an automated trading tool for MetaTrader 5 that utilizes the Bill Williams Market Facilitation Index (BWMFI) to analyze market dynamics. It monitors price highs and candle ranges to identify potential entries when MFI values meet specific thresholds. The expert advisor incorporates multi-stage risk managem
Santos HFT is an automated trading robot for MetaTrader 4 designed for high-frequency execution based on bid-ratio imbalances. The system analyzes price dynamics across multiple timeframes, specifically looking for percentage-based triggers on M1 through H4 intervals to identify entry points. It includes support for a
This repository contains a collection of MetaTrader 5 expert advisors created to test various trading concepts. The included bots trade diverse markets, utilizing indicators like moving averages, Bollinger Bands, Stochastic, and VWAP. The primary highlighted expert advisor executes trend-following trades on gold using
HFT Illusion is a MetaTrader 4 expert advisor that employs a multi-factor trigger system based on market sentiment and volatility metrics. It evaluates data points including BidRatio, Buy/Sell Ratio, Relative Strength, and Average Daily Range across various timeframes to identify trade entries. The robot supports autom
This expert advisor for MetaTrader 5 implements a scalping strategy using a combination of trend and momentum indicators. It determines trend direction via three Smoothed Moving Averages (21, 50, and 200 periods) and uses the Relative Strength Index (RSI) as a filter. Entries are triggered by price breakouts of Fractal
Shuriken FX is an automated trading robot for MetaTrader 4 that executes trades based on indicator-driven signals, visualized as arrows on the chart. The expert advisor implements basic trade management using fixed lot sizing and mandatory stop loss and take profit levels. It supports both automatic and manual operatio
This MetaTrader 4 repository provides a collection of legacy expert advisors, headlined by the MegaDroid Pro XE. These files are curated for educational study and represent older MQL4 development styles. The main robot is a session-based scalper designed for specific forex pairs like EURUSD. It includes specialized ris
This repository contains a large collection of over fifty MetaTrader 4 expert advisors, many of which are generated using the fxDreema visual development platform. The library covers a diverse range of strategies including gold scalping, candle-based robots, news filters, and grid management tools. Risk controls vary b
This MetaTrader 4 expert advisor utilizes an Exponential Moving Average alignment strategy for short-term trading. It identifies trend direction by comparing several EMA periods, including 5, 8, and 13, to execute market entries. The robot features built-in risk controls, including hard stop loss and take profit settin
This MetaTrader 4 expert advisor implements a latency arbitrage strategy by monitoring price discrepancies across multiple ECN brokers and liquidity pools. It tracks bid and ask prices for twenty-three currency pairs in a high-speed loop, identifying instances where prices diverge significantly across different platfor
Ea Scalp Three is an automated scalping robot for MetaTrader 4 that uses recent price action to determine market direction. It analyzes the closing prices of the three most recent candles on the one-minute timeframe to detect momentum. The software opens a buy position when bullish momentum is identified and a sell pos
This collection of MetaTrader 4 expert advisors serves as a practice environment for MQL4 development. The scripts primarily focus on moving average crossover logic, utilizing 50-period Simple Moving Average and 15-period Exponential Moving Average indicators. Additionally, the code implements swing high and low detect
This repository contains a collection of MetaTrader 4 expert advisors, primarily focused on grid and martingale strategies. The featured Ilan-TrioKS system uses automated lot scaling with a multiplier to manage series of trades. It opens positions at fixed pip intervals and aims to exit the entire basket at a calculate
Jaibot is a MetaTrader 4 expert advisor designed for scalping on the M15 timeframe. The software monitors a wide range of forex pairs, scanning for opportunities every five minutes via a timer-based function. It includes built-in Telegram integration using an external library to provide remote notifications and status
This MetaTrader 4 expert advisor implements a trend-following scalping strategy using a combination of moving averages and the Stochastic oscillator. It identifies the primary trend using a 200-period Simple Moving Average and a 21-period Exponential Moving Average. Trades are entered during pullbacks when the Stochast
This repository is a collection of MetaTrader 5 expert advisors and scripts designed for educational purposes. It contains several standalone trading tools, including simple Bollinger Band strategies, trailing stop managers, and limit order placement utilities. The primary example uses a grid-based approach, populating
This MetaTrader 4 collection features automated trading scripts primarily based on the Ichimoku Kinko Hyo indicator. The expert advisors execute trades by analyzing the relationship between Tenkan-sen and Kijun-sen lines relative to the Senkou Span cloud. Risk is managed via fixed lot sizing and a maximum concurrent tr
This expert advisor for MetaTrader 4 utilizes a bridge to the R programming environment to implement machine learning for currency trading. It leverages pre-trained XGBoost models to identify trade opportunities based on technical features such as Average True Range, Bears Power, and Bulls Power indicators. The robot m
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 MetaTrader 4 expert advisor executes a scalping strategy focused on the 5-minute timeframe. It monitors price action relative to the Envelopes indicator, initiating trades when price crosses back inside the indicator boundaries after a deviation. The robot includes risk management controls through fixed take profi
This repository contains a collection of MetaTrader 4 expert advisors, with a primary focus on Renko-based trading strategies. The core EA utilizes dual exponential moving averages and candle color patterns to identify trend entries. Risk controls include adjustable stop loss, take profit, break-even logic, and trailin
Krisha Scalper is an automated trading robot for the MetaTrader 4 platform that identifies potential entry points using ATR and EMA indicators. The expert advisor implements several risk management layers, including percentage-based lot sizing, a maximum loss limit in points, and a trailing step feature. It supports pa
Lester John's RSI Trading System is an automated expert advisor for MetaTrader 4. It utilizes a combination of technical indicators, including Bollinger Bands, RSI, MACD, and Momentum, to identify trade entries. The EA executes limit orders based on two primary triggers: a price-momentum-RSI confluence and MACD signal
ETTrading is a collection of MetaTrader 4 expert advisors featuring a primary channel-based scalping robot and several standard indicator-driven strategies including MACD and Moving Average crossovers. The core automated system utilizes a channel formed by moving averages to identify entry points, primarily targeting s
Royalola is an automated trading robot for MetaTrader 4 that utilizes price action data from the five-minute timeframe. The expert advisor monitors recent price highs and lows to identify market entries using internal threshold parameters. It features a lot-sizing mechanism that automatically adjusts position sizes pro
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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