Trade Bot X is a MetaTrader 4 expert advisor designed to bridge a trading account with the Telegram messaging platform. It allows users to manage and potentially close trades remotely using Telegram bot commands. The software's primary management feature is an automated break-even function, which adjusts open positions
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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
Hunt Level EA is a MetaTrader 5 expert advisor that identifies trading opportunities based on price action candle formations and swing level analysis. The robot specifically searches for hunted swing points by evaluating candle shadow lengths relative to body size and checking historical price swings. It incorporates a
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
Support And Resistance Drawing Tool is a MetaTrader 5 utility that visualizes price structure by identifying significant highs and lows across multiple lookback periods. The tool scans ranges of 20, 50, and 100 bars to determine key turning points, which are then plotted as horizontal lines on the chart. Resistance lev
This collection for MetaTrader 5 contains multiple expert advisors centered on moving average strategies. It includes a Golden Cross system that identifies bullish and bearish momentum through the crossover of fast and slow exponential moving averages. Additionally, the repository features a trend-based signal system t
This expert advisor for MetaTrader 4 executes trades based on the confluence of Bollinger Bands and the Relative Strength Index (RSI). It analyzes price volatility and momentum to identify entries, allowing users to configure indicator periods and specific RSI thresholds. The EA features session management to restrict
This MetaTrader 4 expert advisor implements a momentum-based trading strategy combined with reinforcement learning components. The robot enters buy positions when the current price exceeds the previous close and sell positions when it falls below, while simultaneously closing any opposing orders. It features a visual o
This MetaTrader 5 tool identifies specific candlestick patterns including Marubozu, Hammer, Inverted Hammer, Hanging Man, and Shooting Star. It functions as an analytical utility rather than an automated trading robot, drawing vertical lines on the chart when specific patterns are detected based on the relative size of
This MetaTrader 5 expert advisor automates the Setup 9.1 trading strategy developed by Larry Williams. It utilizes an exponential moving average, typically the nine-period EMA, to enter trades based on trend direction and candle closures. The robot manages active positions through take-profit targets, break-even trigge
This MetaTrader 4 expert advisor executes trades based on price momentum at the start of every new candle on timeframes below daily. It identifies potential entries by comparing the current candle's close to the previous close, automatically closing existing opposing positions to reverse direction. The bot utilizes a v
This MetaTrader 5 expert advisor executes trades based on a technical strategy combining dual Moving Averages, Bollinger Bands, and the Parabolic SAR indicator. It identifies entries using indicator confluence and provides built-in risk controls including fixed stop loss, take profit, and a trailing stop mechanism. The
This MetaTrader 5 expert advisor implements a trend-following strategy using the Average Directional Index and an Exponential Moving Average. It monitors trend strength through ADX values and executes entries based on the relationship between price and the moving average combined with directional indicator signals. The
Ichimoku Ultimate Scanner EA is a MetaTrader 5 robot designed to monitor multiple financial instruments using the Ichimoku Kinko Hyo indicator. It scans all symbols within the Market Watch window to detect specific technical conditions, including price breakouts from the Kumo cloud and Chikou span confirmations. The sy
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 4 utility exports technical indicator data to a CSV file for external analysis, specifically targeting machine learning model development. It operates within the Strategy Tester to extract historical values from custom indicators, such as the Waddah Attar Explosion. The script logs timestamps, moving av
This Expert Advisor for MetaTrader 5 implements a basic moving average crossover strategy. It utilizes two Simple Moving Averages, specifically a fast 10-period and a slow 100-period line, to identify potential trend changes. The code calculates values for the current and previous candles to determine when the fast lin
This MetaTrader 5 expert advisor serves as a visual tool for plotting linear regression channels on a chart. It utilizes a custom library to calculate the regression line and standard deviation bands based on the last 50 periods of the M1 timeframe. The program automatically draws and updates trendlines to visualize th
This MetaTrader 4 expert advisor automates trading using a combination of support and resistance levels, Fibonacci retracements, and Marubozu candlestick patterns. It calculates and visualizes pivot points, support zones, and resistance zones across daily, weekly, and monthly timeframes. The robot identifies entries ba
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
Tool Easy For You is a manual trading utility for MetaTrader 5 designed to assist with order execution and position management through a graphical interface. The tool provides input fields for fixed lot sizes, stop losses, and take profit levels for buy and sell orders independently. It includes automated risk manageme
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 expert advisor for MetaTrader 5 implements a scalping strategy using a combination of trend and momentum indicators. It determines trend direction via three Smoothed Moving Averages (21, 50, and 200 periods) and uses the Relative Strength Index (RSI) as a filter. Entries are triggered by price breakouts of Fractal
Fractal Trailing Stop is a trade management expert advisor for MetaTrader 5 designed to automate stop loss adjustments based on the Bill Williams Fractals indicator. The EA monitors active positions on the current symbol and dynamically updates the stop loss level to the most recent fractal point. It incorporates custo
This repository contains a collection of MetaTrader 5 expert advisors focusing on technical analysis and candlestick price action. The scripts explore various entry methods, including Bollinger Bands with RSI for counter-trend setups and 'Big Shadow' engulfing patterns. The logic calculates specific candle metrics, suc
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 4 expert advisor functions as a manual trade management tool. It creates a graphical user interface panel directly on the chart, allowing traders to input specific price levels for protective measures. The EA specifically focuses on calculating and applying stop loss and take profit levels for manually
The Rsi MM is an automated trading tool for MetaTrader 4 that combines Relative Strength Index oscillators with a Moving Average trend filter. The system identifies potential market entries when RSI reaches overbought or oversold thresholds, using the Moving Average to confirm the broader trend direction. It features b
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
Shuriken FX is an automated trading robot for MetaTrader 4 that executes trades based on indicator-driven signals, visualized as arrows on the chart. The expert advisor implements basic trade management using fixed lot sizing and mandatory stop loss and take profit levels. It supports both automatic and manual operatio
Trading Central Robot is a MetaTrader 4 expert advisor designed to automate trades based on technical levels, likely sourced from external analysis tools. The EA scans chart objects to identify pivot, support, and resistance points. When new levels are detected, it enters a trade in the identified direction with a fixe
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 5 utility synchronizes multiple chart windows to facilitate multi-timeframe or multi-symbol analysis. When a user triggers a specific keyboard shortcut, the tool captures the time coordinate of the mouse cursor and draws a vertical line across all open charts at that exact timestamp. It manages chart se
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
System 01 is an automated expert advisor for MetaTrader 5 that utilizes a trend-following strategy combining the Parabolic SAR and a Moving Average. The robot enters buy positions when the price is above both the Parabolic SAR and the Moving Average, while sell positions are initiated when the price falls below both in
This MetaTrader 5 robot executes trades based on quantitative risk indicators, including Value at Risk (VaR) and Expected Shortfall (ES). It uses statistical calculations like standard deviation and confidence levels to determine entry signals based on price returns. The system is designed for intraday trading, featuri
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 repository contains a collection of MetaTrader 4 expert advisors and utilities focusing on technical indicator strategies. The core EA, MACROSS, initiates positions based on simple moving average crossovers and filters entries using the Relative Strength Index. It incorporates risk controls through ATR-based stop
This MetaTrader 5 expert advisor executes trades based on the Moving Average Convergence Divergence (MACD) indicator combined with dual exponential moving average trend filters. The robot enters positions when MACD reaches specific pip thresholds and uses 6-period and 20-period EMAs to confirm market direction. It feat
This expert advisor serves as a ZeroMQ bridge for MetaTrader 5, enabling communication between the trading platform and external applications such as Python. It is primarily designed to run within a containerized environment using Docker and Alpine Linux. The EA facilitates data streaming, historical price access, and
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
This expert advisor acts as a server-side bridge for MetaTrader 4, allowing external programs written in Java or Python to control the platform. It utilizes the Windows API to establish communication through named pipes, enabling the execution of MQL4 functions within external environments. The EA is intended as a foun
Fantastic Garbanzo is an automated trading robot for MetaTrader 5 that utilizes the Relative Strength Index (RSI) to identify entry points. It operates by monitoring RSI levels against user-defined upper and lower boundaries, typically used for mean-reversion strategies. Risk management is handled through fixed lot siz
Passive Income is an automated trading robot for MetaTrader 5 that identifies entries using Moving Average crossover signals. The EA utilizes standard MQL5 library classes to execute trades and manage positions. Risk management is facilitated through a Parabolic SAR trailing stop, which dynamically adjusts the stop los
This MetaTrader 4 repository contains a collection of trading tools and expert advisors, primarily focused on the Darwinex ZeroMQ bridge. The main server component enables external communication between MetaTrader and other programming environments using push, pull, and publish sockets. The collection also includes sev
This MetaTrader 4 expert advisor implements a One-Cancels-the-Other (OCO) order management system, primarily developed for educational purposes. The robot automatically places pairs of pending buy stop and sell stop orders at a user-defined distance from the current market price once per bar. When the logic detects tha
Fibonacci Expert is a MetaTrader 5 robot that calculates Fibonacci levels using price extremes from a user-defined timeframe. It automatically places various pending orders, including buy stops, sell stops, buy limits, and sell limits, at specified intervals relative to these levels. The EA manages risk through individ
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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