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 following 1Breakout 1ScalpingGrid 1MartingaleHedgingMean reversionSMC / ICT / price actionIndicator crossoverArbitrageAI / machine learningNews 1Multi-strategy
Market
Timeframe
Trader Pad is a trade management utility for MetaTrader 5 designed to automate position exits and risk control after an entry is initiated. The software handles stop-loss and take-profit placement in ticks, providing advanced trailing stop logic and break-even functionality. It allows users to scale out of positions th
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
PSAR Trailing Stop is a management utility for MetaTrader 4 and 5 that automates the adjustment of stop-loss levels for open positions. Instead of manual movement, it follows the Parabolic SAR indicator values to lock in profits or minimize losses as a trend progresses. The software includes filtering options to target
This expert advisor is a utility for MetaTrader 4 and MetaTrader 5 designed to manage stop-loss levels for existing trades. It utilizes Bill Williams' Fractals indicator to dynamically adjust the stop loss as new fractal points form on the chart. Users can configure the number of bars to scan and specify which fractal
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
This expert advisor acts as a trade manager for MetaTrader 4 and 5, focusing on automated stop-loss adjustments. It uses the Supertrend indicator to dynamically calculate and move the stop-loss level for existing positions. Users can filter which trades are managed based on symbol, magic number, trade type, or comments
Mayordomo is a management expert advisor for MetaTrader 4 that facilitates account monitoring and remote trade intervention via Telegram. It periodically transmits balance, equity, and open position data to a designated Telegram channel. Beyond reporting, it acts as a controller, allowing users to close all active trad
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
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
Single Breakeven is a trade management tool for MetaTrader 4 and 5 that monitors multiple open positions on a single symbol. When the aggregate profit in account currency reaches a user-defined threshold, the expert advisor moves the stop loss of all included trades to a calculated breakeven price. It supports filterin
MA Trailing Stop is a trade management expert advisor for MetaTrader 4 and MetaTrader 5. It monitors open positions and automatically adjusts stop-loss levels based on the value of a moving average indicator. Users can customize the indicator period, method, and shift to suit their strategy. The tool includes filtering
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 trade management expert advisor for MetaTrader 4 and 5 automates stop-loss adjustments based on specific profit targets. Unlike standard trailing stops, this tool remains inactive until a position reaches a user-defined profit threshold in points. It offers flexible trade selection by filtering positions based on
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 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
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
Ghost SL TP is a trade management tool for MetaTrader 4 and 5 designed to hide exit levels from brokers. The expert advisor monitors active positions and executes market orders to close trades when a user-defined virtual stop loss or take profit distance is reached. It features flexible filtering options, allowing user
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
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
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
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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