This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
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Expert Advisor Library
1,978 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Strategy
Trend followingBreakoutScalpingGrid 1Martingale 2HedgingMean reversionSMC / ICT / price actionIndicator crossoverArbitrageAI / machine learningNews 1Multi-strategy
Market
Timeframe
This trade manager for MetaTrader 4 and 5 automatically adjusts the stop-loss levels of open positions using the Average True Range indicator. It allows users to define the trailing distance through a configurable ATR period and multiplier. The expert advisor includes filtering logic to apply the trailing stop only to
This visual trade management utility for MetaTrader 5 assists manual traders with order execution and risk management. It features interactive chart lines for entry, stop loss, and take profit levels, allowing for drag-and-drop price adjustments. The system automatically calculates position sizes based on a defined per
This MetaTrader 4 expert advisor serves as a trade management tool that automates the trailing stop-loss process for existing positions. It does not open any new trades itself; rather, it monitors current market orders placed manually or by other robots. The utility uses a reverse loop to scan active orders, filtering
HCPropsController is a comprehensive management utility for MetaTrader 5 designed to safeguard prop firm accounts and facilitate local trade replication. It functions in Master, Slave, or standalone Risk Manager modes. The EA enforces various risk controls, such as daily profit and loss limits, maximum trade counts, an
Move Stop To Breakeven is a trade management expert advisor for MetaTrader 4 and 5 that automatically secures open positions by adjusting stop-loss levels. Once a trade reaches a user-defined profit distance in points, the EA moves the stop-loss to the entry price or a specified buffer level. It features options to acc
This MetaTrader 5 utility serves as an automated trade manager focused on risk reduction. It monitors active positions and moves the Stop Loss to the entry price once a specific profit target, defined in pips, is reached. The tool allows for an optional offset to account for spreads or transaction costs. It does not in
This utility for MetaTrader 4 and 5 provides an on-chart interface for manual trade execution and position management. It automatically applies stop losses to new orders and features a trailing stop mechanism to manage open trades. Notable management tools include one-click break-even and the ability to close a specifi
Pi EA Auxiliary Panel is a management tool for MetaTrader 4 and 5 designed to enhance manual order execution and automated trade handling. It features an interactive on-chart interface that allows users to split large orders into smaller positions, apply automated break-even levels, and execute trailing stops for indiv
OverNight Close EA is a trade management utility for MetaTrader 4 and 5 designed to automatically close open positions and delete pending orders at specified times. It allows users to set unique closing windows for each day of the week, making it useful for prop firm traders who need to avoid weekend carryover. The EA
This trade management expert advisor for MetaTrader 5 provides a comprehensive execution panel featuring a TradingView-inspired position tool. It allows users to visually define risk through draggable on-chart stop loss and take profit zones, automatically calculating lot sizes based on a percentage of account risk. Th
This MetaTrader 5 expert advisor acts as a quantitative trading assistant and order manager. It features a comprehensive graphical interface with tabs for trade operations, account monitoring, and position tracking. The system utilizes a predefined twenty-level lot sizing progression, which is typically used for recove
Arko Risk is an open-source position and risk management utility designed for MetaTrader 5, particularly suited for scalpers and prop firm traders. It does not generate trade signals but provides a graphical interface for designing limit orders with visual entry, stop loss, and take profit lines. The expert manages act
DomPanion is a trade management and risk protection utility for MetaTrader 5 designed for discretionary traders. It monitors active positions to enforce lot size limits, session-based trading restrictions, and monetary take-profit or stop-loss targets. The EA features a dashboard with time-based performance analysis an
This position management expert advisor for MetaTrader 5 automates the trailing stop loss process for gold trades. It offers two distinct operational modes: a fixed pips distance and an adaptive mode based on the Average True Range indicator to adjust for volatility. The utility includes specific safeguards to block or
ProRiskManager is a trade execution and management panel for MetaTrader 5 tailored for discretionary traders. It prioritizes precision by calculating position sizes directly through broker functions to match displayed risk with actual potential losses. Users can prepare trades using draggable chart lines for entry and
This MetaTrader 5 expert advisor is a utility for managing active positions and controlling account risk rather than executing autonomous trade entries. It features an automated lot size calculator based on percentage risk, daily loss protection in both percentage and dollar terms, and a comprehensive trade management
This MetaTrader 5 expert advisor serves as a centralized management interface for monitoring and controlling multiple active trading bots across various charts. It automatically identifies running experts and their associated Magic Numbers by scanning active chart templates in real-time. The tool provides a custom grap
This utility for MetaTrader 4 provides an interactive on-chart graphical interface for manual order execution and advanced position management. Users can execute buy and sell orders with customizable lot sizes and manage open trades through various closing utilities, including close-all, close-by-type, and partial clos
Portfolio Manager Pro is a management utility for MetaTrader 5 that provides a centralized graphical interface to monitor and control active Expert Advisors. It automatically scans open charts to identify running bots via their Magic Numbers and templates. The tool enables users to filter strategies in real-time and ex
This MetaTrader 5 expert advisor manages manual silver (XAGUSD) positions by applying and dynamically trailing protection levels. It automatically adds initial stop loss and take profit orders to existing trades that lack them. The manager features a sophisticated trailing stop loss and a trailing take profit mechanism
Smartom Trade Assistant is a management utility for MetaTrader 5 that facilitates manual trade execution and position monitoring. It calculates appropriate lot sizes based on user-defined risk percentages and utilizes on-chart lines for setting entry prices, stop losses, and take profit targets. The assistant includes
Set Fixed SL and TP EA is a management tool for MetaTrader 4 and 5 that automatically monitors open positions and pending orders to apply protective exit levels. The utility assigns stop-loss and take-profit values based on user-defined points, specific price levels, or a percentage of the stop-loss. It features granul
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.
About the EA Library
The ForexR EA Library collects open-source expert advisors for MetaTrader 4 and MetaTrader 5 that are published on GitHub. Each entry links to the original repository, so you always get the author's latest code, issues and licence straight from the source. Star counts, last updates and licences are synced from GitHub every hour, and new repositories are added every week.
Every repository is checked automatically before it is listed: it must contain readable MQL source code for a real expert advisor, and repositories that ship executables, hide downloads behind archive passwords or show signs of bought stars are left out. The summaries and tags are written automatically from each repository's README and code. They describe what an EA does; they are not a recommendation, and nothing here is tested or endorsed by ForexR.
Trading with expert advisors is risky. Backtest any EA and run it on a demo account before you trust it with real money. CFDs and leveraged forex are complex instruments with a high risk of losing money rapidly.
EA Library FAQ
What is an expert advisor (EA)?
An expert advisor is a program that runs inside MetaTrader 4 or MetaTrader 5. It can open and close trades on its own, manage trades you opened (trailing stops, break-even, partial closes), protect the account, or connect MetaTrader to other tools such as Telegram or Python. EAs are written in MQL4 (MT4) or MQL5 (MT5).
Are the EAs in this library free?
Yes. Every EA listed here is published on GitHub with its source code, so you can read, download and compile it at no cost. Check each repository's licence before reusing the code in your own projects: some EAs state no licence at all.
Are these EAs safe to use?
ForexR lists only repositories with readable MQL source code and never hosts files. Repositories that ship executables, ask you to disable antivirus, hide downloads behind passwords or show signs of bought stars are left out automatically. That does not make any EA profitable or bug-free: read the code, backtest it in the Strategy Tester and run it on a demo account first.
How do I install an EA in MT4 or MT5?
Download the source from GitHub, open MetaTrader, choose File, then Open Data Folder, and copy the .mq4 (MT4) or .mq5 (MT5) file into MQL4/Experts or MQL5/Experts. Open it in MetaEditor and press Compile, then drag the EA from the Navigator onto a chart and allow algorithmic trading.
How does ForexR choose which EAs to list?
A crawler searches GitHub every week for MetaTrader repositories, reads their code and keeps those that contain a real expert advisor and pass the safety checks. Stars, updates and licences are refreshed from GitHub every hour. Summaries are written automatically from each repository's README and code, so treat them as a guide and check the source.
What do "High risk", grid and martingale mean?
A grid EA opens a ladder of orders at fixed distances; a martingale EA increases the lot size after losses. Both can show smooth equity curves for a long time and then lose a large part of the account in one strong trend. EAs that use either are marked High risk, and you can hide them with the "Hide grid and martingale" filter.
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