C Financial is a MetaTrader 5 repository containing a large collection of expert advisor variants focused on trend-following and price action strategies. The primary scripts utilize technical indicators like Moving Averages, ADX, CCI, and Average True Range to detect market direction and volatility. It features modular
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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 70Trade managerRisk & protectionNews trading 2Copier & bridgeFramework & templateCollection 35Utility 4
Strategy
This MetaTrader 5 expert advisor automates trade entries based on price action and Smart Money Concepts. It monitors for liquidity sweeps followed by market structure shifts and retests of Fair Value Gaps or Order Blocks. The system manages risk using fixed risk-to-reward ratios, stop loss buffers, and time-based exits
This MetaTrader 5 expert advisor combines breakout and mean-reversion strategies within a framework optimized for proprietary trading firm requirements. It features adaptive logic that transitions between modes based on market drift detection. Users can configure breakout entries using Donchian channels or fixed time r
This expert advisor for MetaTrader 5 automates the Fimathe/PCM technical analysis strategy. It identifies market cycles by constructing reference channels and expansion zones to execute trades on price breakouts. The robot supports entries based on candle touch or closure and manages exits using two take profit levels.
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
Smart SL is a MetaTrader 5 risk management tool that calculates optimal exit levels using a multi-factor scoring system. It evaluates market structure via swing detection, ATR-based volatility, and multi-timeframe confluence. The tool offers three modes: real, virtual, and a hybrid setup with safety offsets. It include
TitanAI 4H Range Scalper is a MetaTrader 5 expert advisor that executes a range rejection strategy based on the 00:00 New York H4 candle. The EA identifies a fixed daily range and monitors for false breakouts or liquidity sweeps, entering a trade when price closes back within the range boundaries. It features robust ri
This MetaTrader 5 collection features automated strategies including breakout, mean reversion, and gap-based systems. The primary breakout advisor utilizes a multi-factor weighting system to score potential trades based on ADX strength, ATR expansion, impulse candle size, and higher timeframe EMA alignment. Risk contro
This MetaTrader 5 expert advisor executes trades based on Renko chart patterns. It features an internal calculation engine that supports both fixed point-based brick sizes and dynamic ATR-based sizing. The system includes visual on-chart drawing of Renko bricks to provide a custom price perspective. Trade management is
This MetaTrader 5 expert advisor executes an intraday breakout strategy based on the volatility of the first five-minute candle of the trading day. It calculates eight distinct price levels using percentage deviations from the session midpoint and high/low ranges. The system monitors for price crossovers at specific th
This expert advisor for MetaTrader 5 implements an automated breakout strategy based on the high and low points of the previous candle. It monitors the market for price breaches above the previous high to initiate long positions or below the previous low for short positions. The bot includes basic risk management contr
This MetaTrader 5 expert advisor executes a trend-following strategy based on Donchian Channel breakouts and MACD filters across multiple timeframes. It utilizes a higher timeframe for trend direction while identifying entry opportunities on lower timeframes. The robot includes a trend memory mode designed to manage en
This MetaTrader 4 expert advisor automates trading based on Gann Fan theory by identifying trend angles from recent swing highs and lows. It enters the market using buy and sell stop orders placed at specific distances from detected Gann lines. The robot includes risk management features such as fixed stop loss, take p
This MetaTrader 5 expert advisor implements a breakout strategy by placing dual pending buy stop and sell stop orders around the current market price. It utilizes the Average True Range (ATR) to calculate entry distances, stop loss levels, and trailing stops. An optional Ichimoku cloud filter provides trend confirmatio
This MetaTrader 5 robot executes trades based on price behavior and technical indicators. It utilizes the Relative Strength Index to identify overbought and oversold conditions while incorporating breakout and candle pattern logic. The expert advisor includes flexible risk management, offering fixed lot sizes or percen
This MetaTrader 5 expert advisor automates an Opening Range Breakout strategy with multiple technical filters. It defines a price range during a specific morning window and triggers trades upon a breakout. The system incorporates a Choppy Market Index filter to avoid consolidation, Cumulative Volume Delta for volume-ba
This MetaTrader 5 expert advisor automates breakout trading by identifying significant price levels based on historical highs and lows. The algorithm scans a user-defined lookback period to find price zones with a specific number of touches before signaling an entry upon a breakout. It manages risk through fixed stop l
This collection for MetaTrader 5 contains several expert advisors developed for practice and strategy testing. It includes robots based on Bollinger Bands, Larry Williams patterns, and breakout logic. The tools provide automated trade execution with integrated risk controls, allowing users to choose between fixed lot s
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 5 repository provides a collection of expert advisors and visual dashboard tools centered on multi-timeframe technical analysis. It features strategies utilizing the Traders Dynamic Index, Exponential Moving Averages, and Commodity Channel Index indicators. The included tools range from trend-following
This MetaTrader 5 expert advisor automates the Fimathe price action strategy, which relies on channel breakouts and expansions. The user manually defines reference price levels to establish trading channels. The robot executes orders based on these price boundaries and manages positions using configurable take-profit t
This MetaTrader 5 expert advisor identifies and trades price action patterns using breakout levels. The system monitors for specific A-level and V-level breakouts, which must be confirmed by bullish or bearish engulfing candle patterns before entering a position. Risk management is automated through a dedicated module
This MetaTrader 5 expert advisor automates trading based on classic Pivot Point levels. It calculates support and resistance lines using daily or weekly timeframes and allows users to choose between bounce or breakout trading styles. Risk management features include fixed lot sizing or percentage-based risk, along with
Ajip 3 EA is a MetaTrader 5 robot designed to trade trends identified by a 200-period Simple Moving Average. It monitors price action across two timeframes, typically using M15 for trend identification and M1 for execution. The strategy involves opening multiple layers of positions based on candle breaks, categorized i
This MetaTrader 5 expert advisor implements a multi-strategy approach based on price action and market structure concepts. It utilizes higher timeframe trend identification via a 200-period Simple Moving Average and seeks entry points on lower timeframes using a 50-period SMA and support or resistance levels. The logic
Ubot is an automated trading robot for MetaTrader 4 that utilizes technical analysis to execute market orders. It incorporates specific strategy patterns such as Sharkfin and Squeeze logic, likely based on the included Traders Dynamic Index library. The EA features comprehensive trade management including trailing prof
Ichi Pivots RH is an automated trading robot for MetaTrader 5 that utilizes pivot point analysis to identify market support and resistance levels. The system incorporates detailed time-based filtering, allowing users to define specific trading sessions, a mid-day pause, and a mandatory daily blackout period. Risk manag
This Expert Advisor for MetaTrader 5 implements a breakout strategy based on price action within a user-defined time window. The robot identifies the high and low price levels established during a specific daily period and executes buy or sell orders when the price breaches these boundaries. It includes risk management
This repository features a collection of MetaTrader 5 expert advisors implementing various technical strategies such as time-range breakouts, order blocks, and candle pattern recognition. The primary time-range EA identifies price extremes within a user-defined window to trigger entries on breakouts. It includes risk m
This MetaTrader 5 collection features automated trading robots, primarily focusing on a time-based range breakout strategy. The included Time Ranger EA identifies high and low price levels during a specific intraday window and executes trades upon a breakout. It incorporates risk management through stop loss and take p
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 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 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
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 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
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 expert advisor automates trading based on trendline breakouts. It identifies market trends by calculating pivot highs and lows over a specific period. The slope of the trendlines is determined using Average True Range, standard deviation, or linear regression methods. The robot enters trades when pric
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
This MetaTrader 4 expert advisor is designed to trade high-impact fundamental events such as NFP and CPI releases. It features a manual on-chart button that, when clicked, prepares logic for a price breakout. The EA tracks pending orders and is programmed to cancel the opposing side once a buy stop or sell stop is trig
This MetaTrader 5 expert advisor executes trades based on price interactions with Bollinger Bands. It identifies specific crossover events, such as price moving above the upper band or below the lower band, to trigger trade logic. The system monitors candle closes relative to these volatility bands and tracks individua
This MetaTrader 5 expert advisor executes trades based on a strategy involving nested Bollinger Bands and a 200-period moving average filter. The robot monitors price action relative to two sets of volatility bands with differing standard deviations to identify breakout opportunities. It enters positions when a specifi
This repository provides sample Expert Advisors for MetaTrader 4 and 5, focusing on a Donchian Channel breakout system. The robot identifies entries based on price breaking through the highest high or lowest low of a defined lookback period. Risk management is handled through percentage-based stop losses, take profits,
Xurya Algorithmic Trading is a collection of MetaTrader 4 expert advisors centered on breakout strategies and volatility analysis. The primary EA uses a breakout mechanism with entries filtered by price action across a defined number of bars. It features risk controls including fixed percentage lot sizing based on acco
Inside Bar Momentum is a MetaTrader 4 expert advisor that identifies and trades candlestick breakout patterns. The robot scans for inside bar formations, where a candle is completely contained within the previous candle's price range. It uses a stochastic oscillator to filter momentum, requiring specific overbought or
Ndow Forex is a MetaTrader 5 expert advisor that uses price action from a specific lookback period to determine trade boundaries. It scans a defined number of historical candles to identify the highest and lowest price points. Based on this range, which the developer calls the chasm, the EA calculates stop loss and tak
This MetaTrader 5 repository provides a collection of Expert Advisors based on the educational material from Andrew Young. It includes several distinct strategies such as RSI and Bollinger Band counter-trend systems, moving average crossovers, and breakout trading with pending orders. Each EA includes standard risk man
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
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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