MADR Brothers is a MetaTrader 5 expert advisor that utilizes multi-timeframe Moving Average Deviation Rates to identify trading opportunities. It filters market trends using a long-period MADR on higher timeframes while entering trades based on overbought or oversold levels of a shorter-period MADR. The system includes
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Expert Advisor Library
1,977 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Strategy
Bakome Hash EA is a trend-following expert advisor for MetaTrader 5 that combines Exponential Moving Average crossovers with RSI momentum filtering. It initiates trades based on the interaction between fast and slow EMAs while confirming momentum through RSI levels. The robot utilizes Average True Range for calculated
Bakome Bitcoin EA is a trend-following robot optimized for trading BTCUSD on the MetaTrader 5 platform. It generates trade signals using an exponential moving average crossover combined with price breakouts on the H1 timeframe. The system features a grid recovery module that adds positions with a lot multiplier when tr
This multi-asset MetaTrader 5 expert advisor is designed for gold, forex, and cryptocurrency markets, specifically XAUUSD, GBPUSD, and BTCUSD. It focuses on a single-position approach, explicitly avoiding grid or martingale techniques. Trade entries are managed through session filters for London and New York and are pr
Crystal Light is a MetaTrader 5 expert advisor specifically configured for XAUJPY on the M3 timeframe. It employs a confluence-based strategy using buy and sell differentials to trigger entries. The system features independent take profit levels, a trailing stop with adjustable buffers, and a risk-based auto-lot sizing
This MetaTrader 5 expert advisor utilizes an XGBoost machine learning model exported via the ONNX format to identify trading opportunities. It enters trades based on classification probabilities and a minimum gap between prediction classes. The system features extensive risk controls, including stop loss and take profi
Adaptive Quant Grid is an automated trading system for MetaTrader 5 that utilizes a dynamic grid strategy. It adjusts grid spacing based on market volatility using the Average True Range indicator and includes a regime filter powered by ADX and EMA to distinguish between trending and ranging markets. The EA supports sy
UltraHFT Expert Advisor is a high-frequency scalping robot for MetaTrader 5 that combines five strategy layers including EMA crossovers, RSI mean reversion, and volatility breakouts. It evaluates market conditions on every tick, entering trades when multiple signals align. The system employs strict risk controls with h
This MetaTrader 5 Expert Advisor implements an Exponential Moving Average crossover strategy generated using a visual no-code development platform. It utilizes bar-gated logic to evaluate trade entries and exits once per candle, preventing repetitive order submissions. The robot includes risk management controls such a
Gold Dual Engine Scalper is an MT5 expert advisor designed for XAUUSD trading. It utilizes a regime-based state machine to navigate market conditions, employing two distinct engines: one for volatility burst continuations and another for liquidity sweep reversals. The EA monitors for price compression and market exhaus
Golden Structure is a trend-following expert advisor for MetaTrader 5, specifically optimized for Gold (XAUUSD). It uses an exponential moving average to determine the primary market bias and enters trades based on price action rejection wicks following a pullback. The EA prioritizes risk control with automated lot siz
This MetaTrader 5 expert advisor identifies scalping opportunities by analyzing candle data within a sliding window. It utilizes dynamic delta thresholds calculated through rolling means and Median Absolute Deviation (MAD) for both tick and volume data. Users can configure specific multipliers and minimum absolute thre
This MetaTrader 5 expert advisor utilizes statistical normalization and trend filters to execute trades within a grid recovery framework. It identifies entry points using the Fisher Transform for overbought or oversold conditions, filtered by QQE trend alignment and ADX volatility thresholds. When a position moves agai
ÆEA is an automated trading robot for MetaTrader 4 that employs an ensemble of technical indicators to identify market imbalances. The strategy, described by the author as the Proportionality Principle, triggers trades when a specific ratio of bullish to bearish indicator signals is met. It calculates inputs from a wid
This machine learning expert advisor for MetaTrader 5 utilizes ensemble and deep learning models to analyze market patterns. It offers a versatile multi-strategy approach, allowing users to toggle between trend-following, scalping, and grid-hedging behaviors. Risk controls are comprehensive, featuring fixed percentage
This MetaTrader 4 expert advisor combines the Relative Strength Index, Moving Average, and Average Directional Index to identify trend-following entries. The strategy executes trades when price positioning relative to the moving average aligns with RSI exhaustion levels and ADX trend strength. It includes built-in risk
This MetaTrader 5 robot implements a grid trading strategy featuring dynamic order spacing. Unlike traditional fixed grids, this expert advisor increases the distance between subsequent levels using an expansion factor. It employs martingale lot scaling where volumes grow exponentially based on the number of open posit
This Expert Advisor for MetaTrader 5 implements a bi-directional grid strategy combined with martingale lot scaling. The robot monitors buy and sell legs independently, opening new orders at fixed pip intervals when the price moves against existing positions. It utilizes an exponential growth factor to increase trade v
This MetaTrader 5 expert advisor is a buy-only scalping system that utilizes three parallel trading engines based on Average True Range volatility filters. It enters trades when volatility falls within specific thresholds and the current price is within a defined range below weekly resistance levels. The system feature
Price Action Bot is a technical Expert Advisor for MetaTrader 5 that executes trades based on market structure shifts, specifically Break of Structure (BOS) and Change of Character (CHoCH) signals. It supports two entry modes: waiting for a price retest of broken levels or entering immediately on a breakout candle clos
This MetaTrader 5 expert advisor is designed for aggressive trading on small accounts, specifically targeting EURUSD and XAUUSD. It utilizes a multi-timeframe approach, filtering trends with Exponential Moving Averages across H1, M15, and M5 charts. The robot enters trades based on pullback and price compression patter
Memento is an automated trading system for MetaTrader 5 based on the Ichimoku Kinko Hyo indicator. It utilizes a triple-cross strategy that monitors the Tenkan-sen, Kijun-sen, and Chikou Span for specific alignments. The robot implements a multi-stage confirmation process, assessing momentum and candle strength before
This MetaTrader 5 expert advisor executes trades on USD major pairs using a combination of trend and momentum indicators. It utilizes Exponential Moving Averages for trend identification, alongside Relative Strength Index and Moving Average Convergence Divergence for entry timing. Risk management is handled through fix
Punlie Bull Run is a trend-following expert advisor for MetaTrader 5 that focuses on bullish market phases. It employs a grid strategy, opening buy positions at fixed point intervals once specific conditions are met. The robot includes a trend filter based on the daily timeframe and a resistance price barrier to delay
Rhythm Ultra is an automated price action strategy constructor for MetaTrader 5. It enables traders to automate entries based on Smart Money Concepts and ICT principles, including Order Blocks, Fair Value Gaps, breakers, and liquidity sweeps. The EA manages risk through multi-timeframe trend synchronization, partial ta
This MetaTrader 5 expert advisor implements a mean reversion strategy that identifies price gaps between fast and slow moving averages. It utilizes an ATR-based volatility filter to enter trades during low volatility periods and confirms entries with RSI momentum patterns. The system manages risk using fixed dollar amo
This MetaTrader 5 expert advisor implements a strategy based on the 80% Value Area rule, a concept derived from volume profile analysis. It calculates the Value Area High, Value Area Low, and Point of Control to identify high-volume price zones from previous sessions. The robot seeks entries when price re-enters the Va
EA31337 Libre is an open-source multi-strategy trading robot developed for MetaTrader 4 and 5. It serves as a simplified implementation of a larger algorithmic framework, offering over 35 distinct strategies based on popular technical indicators. The robot allows each strategy to analyze market conditions across multip
PulseNX is a MetaTrader 5 expert advisor that follows a mean-reversion strategy using the Triangular Moving Average (TMA) and a Stochastic oscillator. It identifies entry opportunities when Heiken Ashi candles touch the outer TMA bands while the oscillator indicates overbought or oversold conditions. The EA includes ri
This MetaTrader 4 expert advisor executes and manages trades using a specialized hedging strategy. It monitors account equity and floating losses, automatically opening hedge positions when a user-defined loss percentage is reached. The system includes robust risk management features such as daily and weekly loss limit
This MetaTrader 5 expert advisor utilizes the price range of the previous weekly candle to define four trading channels, inspired by Fibonacci principles. It monitors 15-minute price action for breakouts across the 50% midpoint of these channels. The robot automates position entry with stop loss and take profit levels
This MetaTrader 4 expert advisor executes trades based on candle momentum and specific trigger factors. It manages positions using virtual trailing stop-loss and take-profit levels, alongside a global profit target that halts trading once a predefined financial goal is met. The system includes logic for multi-symbol tr
This expert advisor for MetaTrader 5 implements a mean-reversion strategy based on the Relative Strength Index (RSI). It opens buy positions when the RSI falls below the 30 level and sell positions when it rises above 70. The robot manages trades using fixed stop loss and take profit levels defined in points. It includ
This MetaTrader 4 expert advisor implements a price action strategy focused on identifying pin bar formations. It screens for candles where the tail is at least three times the length of the body and touches an 8-period simple moving average. The EA utilizes a trend filter by calculating the slope of the moving average
This MetaTrader 5 expert advisor functions as a data collection tool designed to export trade statistics into a CSV file. It automatically initiates a buy order at a specific time each day to generate execution data for analysis. The system monitors the account history to capture details such as opening and closing pri
Krsna Daily EA for MetaTrader 5 is an automated trading robot that executes trades based on price action patterns of custom-defined daily candles. Users can set a specific starting hour for the trading day, and the EA plots visual candle overlays on the chart. It places buy or sell limit orders at specific retracement
This MetaTrader 5 expert advisor identifies market entries using a moving average signal within the standard MQL5 framework. The robot evaluates price relative to a simple moving average, triggering trades when a specific threshold is met. Users can configure lot sizing as a fixed volume or a percentage of the account
BBMA Profit Seeker is a MetaTrader 4 expert advisor implementing a Bollinger Bands and Moving Average crossover strategy. It enters long positions when price rebounds from the lower band and closes above the moving average, while short entries occur after a rejection from the upper band. The robot manages exits dynamic
This MetaTrader 4 expert advisor executes trades based on a moving average crossover strategy. It specifically monitors the relationship between price action and a configurable moving average period, traditionally set to 50. The robot enters buy positions when the price closes above the moving average and sell position
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
This MetaTrader 4 expert advisor implements a moving average crossover strategy for automated trading. It identifies entry points when price or technical indicators intersect and can exit positions when an opposite signal occurs. The EA provides trade management features, including traditional and virtual stop loss and
Zone Entry is a MetaTrader 5 expert advisor that automates the placement of multiple limit orders within a calculated price zone, a technique described as chumming. It utilizes the Average True Range on the H1 timeframe to determine the spacing and breadth of entries based on manual price inputs. The EA manages open po
Forex Cruise System is a MetaTrader 4 expert advisor that executes a breakout strategy based on price movements during the US and European session openings. The robot identifies a price range within a specific morning time window and enters trades when price breaks beyond defined thresholds. It includes integrated risk
Forex MT4 Perfect is an automated trading expert advisor for MetaTrader 4 that utilizes a suite of technical indicators to execute and manage positions. The system integrates Cap Channel, Envelopes, and MACD indicators to identify market entries and exit signals. It features diverse position sizing methods, including f
TradeExpert is a multi-functional expert advisor for MetaTrader 4 that combines technical indicator analysis with external data integration. It executes trades using market or limit orders across a wide range of forex pairs and cryptocurrencies. The system features a built-in news filter to manage volatility during eco
This expert advisor for MetaTrader 4 trades based on the distance between the current price and an Exponential Moving Average. It monitors the market to identify when price has stayed on one side of the moving average for a specific number of consecutive candles. A trade is executed when the deviation in points reaches
This expert advisor for MetaTrader 5 identifies entry points using a combination of the Relative Strength Index and a Moving Average. The strategy monitors an upper RSI level and a specific Moving Average period across user-defined timeframes to determine trend or reversal signals. For risk management, the robot utiliz
This MetaTrader 5 expert advisor executes trades based on technical indicators, specifically moving average crossovers and the Relative Strength Index (RSI/IFR). It offers three operating modes: entries triggered by moving average crosses, entries based on RSI overbought or oversold levels, or a combined approach requi
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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