This MetaTrader 5 expert advisor executes a mean reversion strategy based on price deviation from a Simple Moving Average. It enters short positions when prices rise above the average and long positions when prices fall below. The algorithm utilizes an aggressive grid-based recovery system where both the entry distance
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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
Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr
This Expert Advisor for MetaTrader 5 automates a pure price-action strategy primarily designed for gold on the five-minute timeframe. It identifies market trends using swing point structures like higher highs and lower lows without lagging indicators. The EA creates supply and demand zones from engulfing candle pattern
This expert advisor for MetaTrader 5 implements a pure price action strategy focused on Gold (XAUUSD) on the five-minute timeframe. It identifies market trends through swing-point structure analysis and marks supply and demand zones based on engulfing candlestick patterns. Trades are triggered only when price retests a
MarketSync EA is an experimental MetaTrader 5 expert advisor designed to bridge algorithmic trading with external artificial intelligence. It functions by streaming real-time market and account data from the MT5 terminal to a local Node.js backend via HTTP requests. The external server processes this information using
Enamel is a trend-pullback expert advisor for MetaTrader 5 specifically configured for USD currency pairs. The robot identifies entries using a combination of exponential moving averages, RSI, MACD, and ADX indicators, requiring confirmation from candle body size relative to volatility. It includes a higher timeframe t
This MetaTrader 5 expert advisor uses complex mathematical modeling to predict future price movements through a combination of sinusoidal analysis, Fast Fourier Transform, and Monte Carlo simulations. It evaluates cyclical trends, fractal structures, and non-linear volatility via sigmoidal functions to generate buy and
This grid trading robot for MetaTrader 5 automates the placement of multiple limit orders within a user-defined price range. It populates the market with a configurable number of buy and sell limit orders between specified high and low boundaries. The expert advisor includes risk management features such as individual
This MetaTrader 5 expert advisor provides a basic implementation of the Martingale strategy for forex markets. It initiates trades using a base lot size and applies a multiplier after losses to recoup previous deficits, utilizing fixed stop loss and take profit levels for exit management. The logic is extremely minimal
This expert advisor for MetaTrader 4 implements a mean reversion strategy primarily targeted at the GBPUSD pair. It automates trade execution by identifying price patterns and entering positions with predefined risk parameters. The bot manages exits through a hard stop loss, a target take profit based on a user-defined
This MetaTrader 5 expert advisor utilizes a multicurrency strength system to identify trading opportunities by comparing relative currency values. It calculates strength based on a configurable lookback period, typically using H4 data, and includes triangular weighting and smoothing options. The robot manages exits usi
This expert advisor for MetaTrader 4 and 5 serves as a tutorial for implementing cooling-off periods between trade executions. It triggers entries based on a standard moving average crossover using configurable fast and slow periods. Users can restrict trade frequency by setting a minimum number of bars or minutes that
This automated expert advisor for MetaTrader 4 executes trades based on moving average crossovers and trend-following logic. It incorporates the Chandelier Exit method, utilizing the Average True Range and price extremes to determine market direction. Risk management is handled through user-defined stop loss and take p
This MetaTrader 5 expert advisor functions as a foundational template for automated trading, primarily implementing a moving average crossover strategy. The software includes comprehensive trade management features such as fixed stop loss and take profit targets defined in ticks, a trailing stop mechanism, and break-ev
The Line of Division is a MetaTrader 5 expert advisor that identifies trading opportunities based on price frequency and level touches. The strategy monitors how many times a specific price is traded across various candles, entering buy or sell positions once a touch threshold is reached and the price deviates from tha
Falcon S is a rule-based expert advisor for MetaTrader 4 designed to execute trades based on external sentiment analysis data. It functions as a production bridge for decisions generated in external environments like R, reading trade triggers from CSV files. The robot operates primarily on the H1 timeframe with schedul
This MetaTrader 5 expert advisor executes trades based on opening range breakout logic. The system identifies a price range over a specific duration and enters positions when the market breaks through these levels. It supports multiple entry methods including market orders on candle close, resting stop orders, or limit
This MetaTrader 5 expert advisor is designed for scalping gold on the M1 timeframe. It features a versatile strategy engine capable of toggling between breakout and mean-reversion modes based on market conditions. The system manages trades using ATR-based trailing stops, break-even adjustments, and time-based exits. Ri
Gold Scalper is an educational MetaTrader 5 expert advisor designed for scalping XAUUSD on the one-minute timeframe. It is presented as a masterclass tutorial to demonstrate modular coding practices. The system utilizes a 200-period Exponential Moving Average for trend filtering and the Relative Strength Index for entr
This MetaTrader 5 expert advisor is designed for gold trading using Candle Range Theory and Time-Based Strategy principles. It identifies market structure through the Accumulation, Manipulation, and Distribution cycle while detecting Fair Value Gaps and Order Blocks. The robot executes trades exclusively during specifi
Universal Market Hunter is an automated trading robot for MetaTrader 5 that targets Forex, gold, and cryptocurrency markets. It allows users to switch between two main strategies: a Bollinger Band volatility breakout and an engulfing price action pattern using volume confirmation. The system manages risk through ATR-ca
This expert advisor for MetaTrader 4 and MetaTrader 5 implements a trend-following strategy based on moving average crossovers. It triggers trades when a fast moving average crosses a slow moving average, utilizing new bar detection to filter out market noise. The system manages open positions using fixed stop loss and
This Expert Advisor for MetaTrader 4 implements the No Nonsense Forex (NNFX) methodology on the daily timeframe. It manages 27 forex pairs by scanning for signals shortly before the daily candle close to optimize spread costs. The EA handles trade entries, partial scaling out, and trailing stops based on Average True R
This MetaTrader 5 expert advisor is an example implementation designed to trade moving average crossovers on non-standard timeframes, specifically seconds-based charts. It executes trades based on price crossing a moving average or two moving averages crossing each other. The EA includes risk management features such a
NS Financas 4 EMA is a MetaTrader 5 expert advisor that automates trading using a four-period exponential moving average system. The robot enters trades based on the alignment of three short-term EMAs while using a 200-period EMA as a directional trend filter to ensure positions align with the long-term market bias. It
Jonny EA Simple is an automated trading robot for MetaTrader 4 that executes trades based on an algorithmic indicator using configurable look-back periods. It manages risk by calculating position sizes as a percentage of the current account balance, ensuring lot sizing remains proportional to equity. For trade exits, t
This high-frequency scalping robot for MetaTrader 5 is specifically designed for the gold market. It determines entry points using a combination of EMA trend filters, ADX trend strength, and dynamic RSI levels. To recover from losing positions, the EA utilizes an aggressive martingale grid system with a customizable lo
This machine learning robot for MetaTrader 5 uses an ensemble of AI models including LSTM, GRU, and LightGBM to predict price movements. It executes trades based on signal confidence and predicted price targets. The EA features multiple risk controls such as volatility filters, trend-based MA filters, RSI checks, and a
This expert advisor for MetaTrader 5 is a multi-strategy system that utilizes market regime detection to switch between trend following, range trading, and breakout modes. It incorporates a wide array of technical indicators, including Moving Averages, RSI, MACD, Ichimoku, and SuperTrend. The bot manages risk through v
This MetaTrader 5 expert advisor implements an automated strategy based on Smart Money Concepts and the Trading Hub Juka Method. It analyzes market structure, institutional order blocks, and fair value gaps to identify high-probability entry points. The robot features multi-timeframe analysis, evaluating alignment betw
This MetaTrader 5 expert advisor executes automated long-only trades based on the Supertrend indicator. It calculates trend direction using Average True Range and a multiplier factor to identify entry points. The robot includes built-in risk management tools such as percentage-based stop loss and take profit orders, as
This MetaTrader 5 robot executes trades across multiple symbols using institutional indicators including VWAP, Volume Profile, and Average Daily Range (ADR). It enters positions when price action aligns with VWAP directional bias and volume zones such as High Volume Nodes. Risk management is automated via equity-percen
This MetaTrader 5 expert advisor implements the BBMA trading system by combining Bollinger Bands with multiple Moving Average levels including MA 5, MA 10, and EMA 50. It enters trades based on technical signals and price interactions with these indicators. The robot features comprehensive risk controls such as percent
This MetaTrader 5 expert advisor implements a trend-following strategy using exponential moving averages and the Relative Strength Index. It enters a long position when the 50-period EMA is above the 200-period EMA while RSI is above 50, and a short position for the opposite conditions. The robot manages one trade at a
This MetaTrader 5 expert advisor implements a classic moving average crossover strategy with multi-symbol support. It enters trades when a fast simple moving average crosses a slow simple moving average. The robot features automated risk management, calculating position sizes based on a percentage of the account balanc
Simple Bot is an automated trading robot for MetaTrader 4 that utilizes Bill Williams Fractals and the Relative Strength Index to execute trades. The system monitors the one-minute timeframe for fractal formation while using daily RSI values as a filter for entry. It includes built-in risk management features such as f
Falcon R is a rule-based expert advisor for MetaTrader 4 designed to identify and trade within ranging market conditions. It utilizes a combination of Keltner Channels and Moving Averages to determine entry points. The robot provides extensive trade management options, including fixed or volatility-based stop loss and
Parallel System 3 is a MetaTrader 4 expert advisor developed specifically for trading gold. It utilizes a Directional Movement Index (DMI) signal generator with customizable smoothing periods and moving average methods. The trade management logic is based on a layered approach involving multiple trade packs, categorize
This MetaTrader 4 expert advisor implements a trend-following breakout strategy using Heiken Ashi candle sequences. The system defines local highs and lows based on consecutive candle color changes and enters trades when these price levels are breached. It operates on a reversal basis, closing active trades and initiat
Momgreg GP1 is an automated trading robot for MetaTrader 5 that executes trades based on signal logic and market depth monitoring. The expert advisor implements a fixed lot sizing strategy with integrated stop loss and take profit protections for each position. It features a risk management module that monitors account
This MetaTrader 5 expert advisor implements a multi-indicator strategy based on momentum and divergence confluence. It utilizes Stochastic, Commodity Channel Index (CCI), Parabolic SAR, and Exponential Moving Averages (EMA) to identify entries, specifically targeting bullish and bearish divergence patterns. Risk manage
Hydra Prime is a systematic expert advisor for MetaTrader 5 designed specifically for the gold market. It executes trades based on intraday momentum expansions and market structure shifts using Smart Money Concepts like Fair Value Gaps and Optimal Trade Entry zones. The robot analyzes swing structures on the M5 timefra
This expert advisor for MetaTrader 4 and 5 executes trades based on crossovers of the 3rd Generation Moving Average indicator. It utilizes two instances of the custom indicator with adjustable periods and sampling settings to identify trend shifts. The robot enters positions when the difference between the fast and slo
This automated trading robot for MetaTrader 5 implements Smart Money Concepts (SMC) and ICT principles using a hybrid architecture. Trading logic and signal detection are processed within a native C++ DLL, while the MQL5 bridge handles trade execution and data feeding. The system identifies market structure shifts, inc
Antigravity Geo Scalper is a MetaTrader 5 expert advisor that utilizes geometric and mathematical logic to identify trade opportunities. It focuses on price action and structure, specifically avoiding lagging indicators. The strategy incorporates Fibonacci levels, Gann Fans, harmonic pattern tolerances, and linear regr
IchiDCA CCBSN PropFirm EA is an automated trend-following robot for MetaTrader 5, optimized for gold and forex markets. It triggers trades based on Ichimoku Cloud breaks, filtered by dual Exponential Moving Averages and MACD indicators. The strategy manages positions through a Dollar Cost Averaging system that layers u
Edelweiss EA is an educational trading robot for MetaTrader 4 that utilizes a multi-indicator framework to generate buy and sell signals. It combines exponential moving averages, stochastic oscillators, the awesome oscillator, ADX, and Bollinger Bands to identify market entries. Trade management includes dynamic ATR-ba
This MetaTrader 5 robot employs a dual-strategy approach, switching between trend-following moving average crossovers and RSI-based mean-reversion depending on detected market regimes. It features an integrated walk-forward optimization system that loads optimized parameters from external files to adapt to changing vol
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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