This MetaTrader 4 expert advisor implements a trend-following strategy based on three exponential moving averages and the Stochastic oscillator. It identifies trade opportunities when two shorter-period EMAs sequentially cross a longer-period EMA. Positions are managed with fixed stop loss and take profit levels, with
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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 220Trade manager 1Risk & protectionNews tradingCopier & bridgeFramework & template 15Collection 101Utility 5
Strategy
This MetaTrader 4 expert advisor provides a framework for trading dual moving average crossovers. It offers automated trade execution with a strong focus on risk management, including lot sizing calculated from a user-defined percentage of account equity. The system manages exits through either fixed pip values or vola
Jonny EA Simple is an automated trading robot for MetaTrader 4 that executes trades based on an algorithmic indicator using configurable look-back periods. It manages risk by calculating position sizes as a percentage of the current account balance, ensuring lot sizing remains proportional to equity. For trade exits, t
This MetaTrader 5 expert advisor executes trades based on the MACD indicator and the crossing of two exponential moving averages. It uses a long period of twenty and a short period of six moving averages to identify trends. The robot manages active positions using a specific trailing stop mechanism that permits a perce
This repository provides a collection of MetaTrader 4 expert advisors, primarily focused on a manual trading dashboard and an indicator-based robot. The included dashboard enables manual execution with automated trade management features such as hidden virtual stop loss and take profit levels, profit locking, and multi
This MetaTrader 5 expert advisor collection provides automated trading strategies based on moving average trends and price action. The primary EA enters trades when price and moving averages align, indicating momentum. It includes risk management features such as fixed lot sizing and optional stop loss and take profit
This MetaTrader 5 expert advisor implements the BBMA trading system by combining Bollinger Bands with multiple Moving Average levels including MA 5, MA 10, and EMA 50. It enters trades based on technical signals and price interactions with these indicators. The robot features comprehensive risk controls such as percent
This repository is a collection of MetaTrader 5 expert advisors developed as early coding projects between 2021 and 2024. It includes multiple robots implementing varied strategies such as range breakouts, Donchian channels, Fibonacci retracements, and Bollinger Bands. The expert advisors are largely technical indicato
Trade Pro 1Min Scalper is an automated trading robot for MetaTrader 5 that implements a strategy based on Bill Williams Fractals and a triple moving average system. It identifies market trends using fast, medium, and slow EMA periods and executes entries based on short-term price action. The expert advisor includes a f
This repository provides a collection of MetaTrader 5 expert advisors developed for learning algorithmic trading. The primary featured tool, TimeRangeEA, identifies price high and low points within a specific time window to execute breakout trades. It incorporates risk management through stop loss and take profit level
This MetaTrader 5 expert advisor collection provides several automated strategies, primarily focusing on the Naive RSI EA. This robot enters trades by comparing Relative Strength Index values against two moving averages, buying when the RSI exceeds both and selling when it drops below both. It manages exits through fix
This MetaTrader 5 expert advisor executes trades based on the Williams Percent Range (%R) indicator paired with a specialized filter to avoid sideways markets. The system identifies trends by checking if the Williams %R value crosses the median 50 level while simultaneously analyzing multiple timeframes—including M1, M
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
This repository is a comprehensive collection of MetaTrader 5 source code gathered from the MQL5 CodeBase and various technical articles. It serves as an archive of various trading systems, including trend-based impulse strategies, fuzzy logic applications, and standard indicator samples. The collection contains over 5
This collection for MetaTrader 4 contains several expert advisors focused on grid trading and trend-following techniques. The main EA utilizes a multi-level grid system that can place up to 20 layers of buy or sell stop/limit orders at fixed pip intervals. It includes basket management features to close trades based on
This MetaTrader 4 expert advisor executes trades based on the crossover of two smoothed moving averages. It monitors direction changes between a fast and slow period to trigger market entries. Risk management is handled through fixed stop loss and take profit parameters, along with a break-even function that secures po
Falcon EA Template is an automated trading robot for MetaTrader 4 that utilizes dual moving averages and Keltner Channels to determine market entries. The system prioritizes risk management through percentage-based position sizing and various exit strategies. It features fixed and volatility-based stop loss and take pr
This MetaTrader 5 expert advisor serves as a modular framework for testing and optimizing indicator-based trading strategies. It currently implements a trend-following system based on Supertrend signals, which utilize volatility-driven calculations for entries. The robot executes logic exclusively at the opening of eac
This MetaTrader 5 expert advisor implements a multi-timeframe strategy based on the TTrades Fractal Model and Dow Theory. It operates using two distinct execution branches: Intraday (D1/H1/M5) and Swing (W1/H4/M15). The system analyzes market structure to identify points of interest, employing wick ratios and optional
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
This repository provides a collection of expert advisors for MetaTrader 4 and 5, centered on news event volatility and trend following. The primary NewsTrader tool integrates with online economic calendars to automate trade placement seconds before scheduled events. It deploys a grid of pending orders with configurable
Bot Trend is a trend-following expert advisor for MetaTrader 5. It utilizes proprietary Francisca entry logic and manages trades through multiple concurrent execution threads. The system incorporates custom Zero Gravity step logic for position management and includes specific operational modes for Fridays and holidays.
Edelweiss EA is an educational trading robot for MetaTrader 4 that utilizes a multi-indicator framework to generate buy and sell signals. It combines exponential moving averages, stochastic oscillators, the awesome oscillator, ADX, and Bollinger Bands to identify market entries. Trade management includes dynamic ATR-ba
This MetaTrader 5 robot employs a dual-strategy approach, switching between trend-following moving average crossovers and RSI-based mean-reversion depending on detected market regimes. It features an integrated walk-forward optimization system that loads optimized parameters from external files to adapt to changing vol
This MetaTrader 5 repository provides a diverse collection of automated trading systems, including tools for supply and demand, news fetching, and price action strategies. The primary expert advisor utilizes moving average crossovers and momentum filters to identify market pullbacks. It incorporates trade management fe
This MetaTrader 5 expert advisor implements a trading strategy based on the TMA+CG (Triangular Moving Average and Center of Gravity) indicator. Developed using the EA31337 framework, the robot utilizes the non-repainting version of the indicator to identify market entries. It features a multi-timeframe capability, enab
This repository provides a diverse collection of MetaTrader 5 expert advisors and utility scripts for automated trading. The primary logic focuses on managing pending orders through dynamic distance adjustments, time-scheduled trade execution, and sophisticated trailing stops that operate via price ticks or millisecond
This repository contains a collection of educational Expert Advisors developed as solutions for an MQL5 programming course. The provided examples demonstrate fundamental automated trading concepts on the MetaTrader 5 platform, specifically focusing on Exponential Moving Average crossover logic and MACD data processing.
This MetaTrader 5 expert advisor executes trades based on the Ichimoku Kinko Hyo system, specifically targeting cloud breakouts. It incorporates several technical filters including Average True Range for volatility and Average Directional Index for trend strength to refine entries. Risk management is handled through pe
This repository is an extensive collection of MetaTrader 4 expert advisors and source code components written in MQL4. It includes over 70 files featuring diverse trading strategies such as Sanity TREND for trend following and various robots utilizing divergence-based entries. A significant portion of the code is based
This MetaTrader 5 repository provides a collection of expert advisors developed primarily for educational purposes and MQL5 language study. The included robots utilize trend-following logic based on multiple moving average crossovers, featuring variations with up to four different indicator periods. Traders can configu
Falcon B is an automated trading robot for MetaTrader 4 that utilizes moving average crossovers and Keltner Channels for market entries. It is specifically designed to function within a larger framework, integrating with R-based decision support software through CSV command files. The EA provides robust risk management
This MetaTrader 5 expert advisor implements a strategy based on Chan Lun (Zen Theory) technical analysis. It evaluates market structure and price action, using a candle size filter to determine trade entries. The robot includes built-in risk management features such as fixed stop loss and take profit orders. Additional
Ichimoku Scalper is a technical expert advisor for MetaTrader 5 that executes trades based on the Ichimoku Kinko Hyo and Parabolic SAR indicators. The system enters positions when the price interacts with the Senkou Span buffers, using the SAR for trend confirmation. It incorporates standard risk controls including fix
DS Fibonacci Trader is a MetaTrader 5 expert advisor that automates trading based on Fibonacci retracement levels. The robot calculates the price range over a specified number of days to determine key levels including 23.6, 38.2, 50.0, 61.8, and 76.4 percent. It provides visual chart objects and manages order execution
Hedge Terminal is a specialized framework for MetaTrader 5 designed to facilitate hedging net positions and provide a structured API for managing expert advisors. The repository includes demonstration robots such as a moving average expert that operates across multiple timeframes. These examples show how to open trades
Copilot is a MetaTrader 4 expert advisor designed to replicate human price action analysis through market structure mapping. The robot identifies swing highs and lows, representing them as a graph of nodes to track trends, impulses, and retracements. It incorporates higher time frame support and resistance levels into
Fractal Trailing Stop is a MetaTrader 5 expert advisor that automates trade management using Bill Williams fractal levels. The EA monitors open positions and dynamically adjusts the stop loss to the most recent up or down fractal, incorporating a user-defined point buffer for padding. It includes risk management featur
This MetaTrader 4 expert advisor executes trades based on three selectable technical indicators: Moving Averages, the Alligator indicator, or a custom channel strategy referred to as Rasim Line. It identifies trends and price levels to enter positions automatically. The EA manages risk through user-defined stop loss an
Mousse Pips is a MetaTrader 4 expert advisor that implements a trend-following strategy based on exponential moving average crossovers. The robot identifies entries and exits by comparing fast and slow moving average periods. It incorporates automated risk management by calculating lot sizes as a percentage of free mar
This MetaTrader 4 expert advisor and modular framework provides advanced trade management and position scaling capabilities. It features a linear trailing stop that triggers at a predefined profit level and a pyramiding system to add positions to winning trades using a lot multiplier. The code is structured as a librar
This expert advisor for MetaTrader 5 utilizes a multi-timeframe technical approach, scanning H1, M30, M15, and M5 periods simultaneously. It generates signals using a stochastic stack combined with RSI and stochastic divergence detection. The system incorporates a formula pack for market structure analysis, including B
SoftArsenal is a collection of MetaTrader 4 expert advisors and development tools. The repository features a custom expert advisor named Aberration, which utilizes Bollinger Bands to identify market breakouts. It places pending buy and sell stop orders at the outer bands and dynamically adjusts stop loss levels to the
This collection for MetaTrader 5 provides a series of tools focused on Exponential Moving Average crossovers and trend identification. The primary scripts monitor the relationship between fast and slow EMAs to generate visual signals, marking the chart with vertical lines and arrows when a crossover or retest occurs. I
This MetaTrader 5 expert advisor serves as both a manual trading dashboard and an automated execution tool. Users can perform one-click operations, manage batch stop loss and take profit levels, and adjust orders visually via chart dragging. The automated component utilizes external arrow indicators, such as HalfTrend,
Liquidex Volatility Trader is a MetaTrader 5 expert advisor designed for high-frequency trading styles, focusing on market volatility. It utilizes a Linear Weighted Moving Average combined with Average True Range (ATR) indicators to identify entry signals based on price ranges. The EA manages exits using a dynamic trai
CBMQL is a development framework and build tool for MetaTrader 5 designed to modularize Expert Advisor code. Inspired by modern web development bundlers, it allows developers to break complex trading systems into reusable modules and bundle them into a single portable file. The system includes a Node.js-based environme
This collection of MetaTrader 5 expert advisors provides several technical strategies for automated trading. The primary implementation uses a triple exponential moving average crossover for signals, supported by an Average True Range volatility filter. Risk control is managed via equity percentage or fixed lot sizing,
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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