This collection for MetaTrader 5 provides a library and several expert advisors optimized for Renko chart trading. It includes a primary automated robot that executes trades based on Renko bar signals, as well as specific examples for moving average and price crossovers. The included tools offer robust trade management
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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
Trading robot 27Trade manager 1Risk & protectionNews trading 1Copier & bridgeFramework & templateCollection 13Utility 1
Strategy
Trend following 23BreakoutScalping 9GridMartingaleHedgingMean reversion 16SMC / ICT / price action 5Indicator crossover 8ArbitrageAI / machine learningNews 2Multi-strategy 8
This utility for MetaTrader 4 and 5 automates trade execution based on trader-defined chart patterns. Users draw trendlines, horizontal lines, or channels, which the expert advisor monitors to place pending breakout orders. It handles trade entries, stop losses, and take profits according to specific object naming conv
This MetaTrader 5 expert advisor implements a box breakout strategy designed for the foreign exchange market. The robot identifies price ranges during specific time windows and enters trades upon a breakout. It features a trend filter using fast and slow moving averages to align entries with broader market direction. R
Binario is a breakout expert advisor for MetaTrader 4 and 5 that utilizes a price channel constructed from two moving averages of the same period. By default, it uses a 144-period exponential moving average applied to both highs and lows. It enters trades when the price moves outside this band by a predefined pip dista
First Candle Breakout is a MetaTrader 5 expert advisor designed to trade the breakout of the high or low of the first candle within a specified period. While traditionally used with the first 60-minute candle, the software allows users to configure any timeframe for the initial range. The robot enters a buy position wh
This repository contains a collection of MetaTrader 4 expert advisors and utilities primarily focused on breakout and trend-following strategies. The featured EA, ttnFullTurtle, implements the classic Turtle Trading rules using dual breakout systems, ATR-based position sizing, and pyramiding logic. It includes risk con
This MetaTrader 5 expert advisor identifies price accumulation zones to execute breakout trades based on consolidation ranges. The robot calculates a box area using a specified number of candles and enters positions when price moves outside these boundaries. It includes comprehensive trade management features such as f
This collection of MetaTrader 5 expert advisors focuses on mean-reversion and breakout strategies for gold (XAUUSD) on the M1 timeframe. The primary logic identifies statistical extremes using Z-Score calculations to trade price snap-backs. It includes a TickRobust variant designed to filter execution noise and a dual-
This MetaTrader 5 repository features a diverse collection of automated trading strategies, including indicator-based scalpers and price action robots. The experts utilize technical filters such as Average True Range periods and baseline moving averages to identify entry signals. Key risk management features integrated
PATI Trading Assistant is a MetaTrader 4 utility designed to facilitate trade management and bookkeeping based on the PATI trading methodology. It automates the placement of stop losses and take profits, specifically managing range breakout and pullback setups. The EA includes risk controls such as the Two Minute Rule
Conservative Scalper EA is a MetaTrader 4 robot designed for intraday scalping on major currency pairs such as EURUSD, GBPUSD, and USDJPY. It determines market bias on the M15 timeframe using dual Exponential Moving Averages and enters trades on the M5 chart based on RSI levels and candle breakouts. The system prioriti
Event Trader is a news-trading utility for MetaTrader 4 designed to automate straddle entries around scheduled economic releases. The EA places buy-stop and sell-stop orders at a user-defined GMT time and distance from the current market price. It incorporates one-cancels-the-other logic to delete the opposing pending
This Expert Advisor for MetaTrader 5 implements a breakout strategy centered on a user-defined time range. It calculates the high and low prices within a specific session to place multiple pending orders at a set distance from the range boundaries. The system utilizes three separate take-profit targets for each directi
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
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 collection of Expert Advisors for MetaTrader 5 provides specific automated strategies for Gold, Bitcoin, EURUSD, and Nasdaq. The repository includes modules for ATR breakouts, Bollinger Band mean reversion, and opening range breakouts. Risk management is handled through a three-stage take profit system, automated
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
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 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
A collection of systematic Expert Advisors for MetaTrader 5 designed for session-specific execution. The repository includes multiple specialized engines for strategies such as range reversion, breakouts, and trend following. It features a centralized risk management layer with spread caps, daily loss limits, and conse
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
XLiquidex is an impulsive volatility breakout robot for MetaTrader 4. It identifies entry signals using Keltner Channel breakouts, Moving Average filters, and a candle body range requirement to verify momentum. The expert advisor includes trade management features such as take profit, stop loss, break-even offsets, and
This MetaTrader 5 expert advisor focuses on the EURUSD pair using an adaptive market regime approach. It alternates between trend-following and mean-reversion logic based on ADX and EMA indicators. The trend strategy utilizes price breakouts or pullbacks confirmed by RSI, while the range strategy employs Bollinger Band
This MetaTrader 5 expert advisor combines technical indicators with price action to automate trading decisions. It incorporates five individual strategies including EMA crossovers, candlestick engulfing patterns, and support or resistance breakouts. The system is specifically calibrated for the 30-minute timeframe and
This MetaTrader 4 expert advisor is designed specifically for the EURUSD pair, focusing on price surge detection and subsequent pullback entries. It identifies significant volatility using ATR and candlestick body ratios, entering trades during correction phases. The robot incorporates multi-timeframe analysis across M
LSF X Engine is a MetaTrader 5 expert advisor designed for momentum-based trading through mathematical price smoothing. It utilizes a Kalman filter to reduce market noise and calculates the Least Squares Fitting slope to identify the prevailing trend direction. The strategy triggers entries during high-velocity price b
This MetaTrader 5 expert advisor implements a trend-following strategy based on Bollinger Bands. It initiates long positions when price breaks above the upper band during periods of high volatility, attempting to ride extended uptrends. The strategy closes or reverses positions when price breaks below the lower band. A
This repository provides a collection of MetaTrader 5 expert advisors designed to automate strategies discussed on the author's YouTube channel. The scripts primarily target synthetic indices such as Boom and Crash. The logic involves monitoring price spikes and technical indicators including ATR, RSI, and Moving Avera
This repository contains a collection of MetaTrader 5 expert advisors designed for a quantitative trading seminar by QRT Solutions. It includes multiple models such as US opening gap momentum, opening range breakouts, and SMA-based gold strategies. Each robot features professional risk management components including t
This MetaTrader 5 repository provides a collection of seventeen quantitative trading strategies designed for educational and research purposes. The primary expert advisor implements a US opening gap momentum strategy, utilizing ATR-based gap thresholds and Z-Score volatility regime detection to identify entry points. R
This MetaTrader 5 expert advisor automates trading using the previous day high and low levels as support and resistance. It monitors price reactions at these key daily zones to execute reversal entries or breakout trades based on configurable point distances. The EA manages risk through fixed stop loss and take profit
RB Xauusd Mt5 is a research-grade expert advisor for MetaTrader 5 focused on gold trading. It uses a systematic approach incorporating a 50/200 EMA bias on the H1 timeframe, structural analysis on M15, and volatility filtering via ATR and ADX on the M1 timeframe. The strategy incorporates complex risk management tools,
This collection of MetaTrader 5 expert advisors focuses on automated trendline breakout strategies integrated with Elliott Wave theory and Fibonacci levels. The system identifies trendline breaks on the H4 timeframe and uses H1 and M15 intervals for entry confirmation. It employs RSI filters for divergence detection an
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
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
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 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
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
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 repository is a collection of MetaTrader 4 expert advisors and study scripts focused on technical analysis and automated execution. It includes modules for identifying support and resistance levels, templates for news-based trading, and tools for drawing visual objects based on price extremes. The projects serve a
This collection of MetaTrader 4 and 5 expert advisors provides various utilities for trade management and entry automation. The primary tool, Multi TP, monitors specific order tickets to execute partial closes and modify stop losses when price targets are hit. Additional scripts automate entries based on price action p
This expert advisor for MetaTrader 4 implements a price action strategy based on the inside bar candlestick pattern. It identifies scenarios where the current candle is contained within the price range of the previous candle. The EA automatically places buy stop and sell stop pending orders at specific distances from t
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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