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
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Free MT4 & MT5 expert advisors
1,977 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
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Type
Strategy
Easy Backtest Pro is a manual trading simulator designed for the MetaTrader 4 Strategy Tester. It provides a graphical user interface that allows traders to practice execution and strategy refinement during visual mode simulation. The tool includes buttons for market and pending orders, comprehensive order management f
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
This collection of MetaTrader 5 expert advisors features a flagship tool that applies genetic algorithms to optimize moving average crossover strategies. The system dynamically adjusts short and long period parameters, stop loss, and take profit values based on simulated fitness and real trade performance. Risk managem
Trade Manager is a MetaTrader 5 utility designed to assist manual traders with risk calculation and position execution. It provides an on-chart interface with buttons for market, limit, and stop orders. The EA calculates position sizes based on a user-defined risk percentage per trade and manages exits through a reward
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
2Order Expert is a semi-automated trading tool for MetaTrader 5 designed to streamline order entry. It allows traders to execute two simultaneous orders at a specified distance from each other, using either a fixed pip value or a multiplier of the current market spread. The tool includes a graphical user interface for
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 collection serves as a proof of concept to demonstrate the security risks of running unverified code. The primary script, Commission Grindr, illustrates how an account balance can be intentionally depleted through rapid trade execution that maximizes commission fees. It utilizes asynchronous trading m
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
JT Prop Firm Trade Manager is a risk management utility for MetaTrader 4 designed to help traders adhere to strict account drawdown and timing rules. It monitors account equity to enforce maximum daily drawdown limits and per-trade loss caps in either currency or percentage terms. The tool includes features to restrict
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 5 library provides developers with a mechanism to detect the opening of a new bar across different timeframes. It serves as a programming utility rather than a standalone trading strategy. The repository includes an include file and a test expert advisor demonstrating two detection methods: one for mult
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
MALE5 is a machine learning framework for MetaTrader 5 designed to help developers create trading systems using a Python-like syntax. It provides a suite of predictive models including linear regression, decision trees, support vector machines, and neural networks. The library includes tools for data collection, prepro
This repository provides a collection of MetaTrader 5 expert advisors focused on Smart Money Concepts and Inner Circle Trader methodologies. The included bots automate various trading models such as the Next Day Model, New York session range trading, and Fair Value Gap entries. Each tool utilizes multi-timeframe analys
This expert advisor acts as a JSON-based API bridge for MetaTrader 5, utilizing ZeroMQ sockets to connect the platform with external systems like Python's Backtrader framework. The script listens on multiple ports to process incoming requests and push out data streams. It supports querying account balances, retrieving
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
This utility for MetaTrader 5 fetches economic news data from the Forex Factory API to display an onscreen timer and information box. It downloads news in XML format using external Windows libraries, stores it locally, and updates the data periodically. Users can filter news events by impact level, specific currencies,
This utility for MetaTrader 4 calculates position sizes based on account balance and user-defined risk percentages. By providing entry and stop-loss prices via input parameters, the tool determines the specific lot size required to respect the trader's risk tolerance. It functions as a calculator that displays values o
The Nova Ultimate Trade Panel is a comprehensive manual trading and management utility for MetaTrader 5. It provides a movable, dynamic interface for executing market and pending orders with precise control over lot sizing and risk levels. Users can adjust stop loss and take profit targets directly on the chart using d
This Expert Advisor for MetaTrader 4 provides a graphical interface to streamline order placement and trade management. It automates the execution process by allowing users to define parameters for price levels, take profit, stop loss, and breakeven settings. The tool is optimized for USD-based currency pairs and accom
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
This MetaTrader 5 expert advisor utilizes a trend-following strategy combining the MACD indicator with a 200-period Exponential Moving Average. It is designed to monitor and trade multiple forex pairs simultaneously from a single chart. The robot incorporates advanced money management, including ATR-based stop loss and
This MetaTrader 4 expert advisor implements a classic dual moving average crossover strategy. It enters long positions when a fast simple moving average crosses above a slow moving average and short positions when it crosses below. The robot includes risk management features such as automated lot sizing based on accoun
This MetaTrader 5 utility manages open positions by applying a trailing stop based on the Parabolic SAR indicator. The Expert Advisor does not open new trades; it monitors an active position and incrementally adjusts the stop loss price according to the indicator's step and maximum parameters. It features a session tim
This management tool for MetaTrader 4 and MetaTrader 5 automates the adjustment of stop-loss levels based on the Parabolic SAR indicator. It does not open new positions but instead monitors existing trades to trail their stop-loss according to current indicator values. Users can filter which trades the utility manages
Walking Up The Bands is a trend-following expert advisor for MetaTrader 5 based on Bollinger Bands volatility breakouts. The robot enters long positions when the price moves above the upper band, attempting to capture the duration of an uptrend. Positions are closed when the price exits via the lower band. It includes
This MetaTrader 5 collection features automated implementations of trading strategies sourced from YouTube for the purpose of backtesting and verification. The repository includes multiple expert advisors, such as a MACD-based robot and an implementation of the 97 percent transparent trader strategy. These tools utiliz
This expert advisor for MetaTrader 4 acts as a bridge between an external signal API and the trading terminal. It automatically parses incoming trade commands for entries, exits, and modifications like moving to breakeven or performing partial closes. The EA handles risk through fixed lot sizes or percentage-based allo
Trading Algo Builder is a MetaTrader 4 expert advisor designed to help traders construct automated strategies without manual coding. It features a modular system where users can combine up to four different indicator signals, supporting both built-in MetaTrader indicators and custom external files. Signal logic include
This MetaTrader 4 expert advisor acts as an information relay tool, sending market sentiment reports directly to a Telegram chat. It monitors major currency pairs and allows for custom symbol mapping, such as linking indices or commodities to specific broker tickers. The EA utilizes a Telegram bot token and chat ID for
This MetaTrader 5 expert advisor automates trading strategies based on the Know Sure Thing (KST) momentum oscillator. It calculates weighted Rate of Change values across multiple internal periods, smoothed by simple moving averages, to identify trend reversals and overbought or oversold conditions. The robot offers sev
This MetaTrader 4 expert advisor functions as a trade manager to automate the trailing of stop-loss levels for active positions. It monitors trades matching a specific magic number and symbol, activating only after the profit reaches a predefined pip threshold. Once triggered, the EA adjusts the stop-loss to maintain a
This MetaTrader 4 expert advisor implements the No Nonsense Forex (NNFX) algorithmic trading strategy. It utilizes a multi-layered approach for trade entries, incorporating a primary confirmation indicator, a secondary confirmation indicator, a volume filter, and a baseline for trend direction. The bot includes risk ma
This MetaTrader 5 expert advisor implements a trend-following strategy based on moving average crossovers. It offers a comprehensive suite of trade management tools, including fixed tick-based stop loss and take profit levels, trailing stops, and break-even settings. Users can configure up to three partial exits to sca
Vega Bot is a MetaTrader 4 expert advisor that executes trades using a price action strategy combined with technical filters like RSI, MACD, and Ichimoku Kumo Cloud. Developed for the EURUSD five-minute timeframe, the system uses ATR for volatility measurement and calculates lot sizes based on a risk percentage. The co
Remote MetaTrader is a bridge for MetaTrader 4 that enables remote command execution through external applications, primarily Python. It functions by initializing a server within the platform using socket-based communication, supporting both request-reply and publish-subscribe architectures. The expert advisor facilita
This MetaTrader 4 expert advisor functions as a communication bridge between the trading platform and a Node.js backend. It enables users to execute and manage market orders through external REST API endpoints, allowing for remote trade control via web applications. The software polls a configured server for trade inst
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 day, 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 day. 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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