Quants EA is an automated trading tool for MetaTrader 5 that utilizes the Bill Williams Market Facilitation Index (BWMFI) to analyze market dynamics. It monitors price highs and candle ranges to identify potential entries when MFI values meet specific thresholds. The expert advisor incorporates multi-stage risk managem
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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 145Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 4Collection 67Utility 3
Strategy
This MetaTrader 4 collection includes an automated trading expert advisor, an account protection tool, and an equity data uploader. Developed as a university final year project, the main expert advisor uses the Relative Strength Index for entry and exit signals. It features extensive risk management parameters, includi
This expert advisor for MetaTrader 4 executes trades based on the Rank Correlation Index (RCI) indicator. It utilizes three distinct calculation periods—short, medium, and long—to identify market entries. The robot manages risk through configurable limit and stop loss offset parameters, allowing for specific exit point
This repository provides a collection of MetaTrader 5 expert advisors designed for various technical strategies. The scripts utilize multiple moving averages ranging from 7 to 200 periods and the Money Flow Index to identify trend and momentum market conditions. The collection includes specific modules for mean-reversi
This MetaTrader 4 expert advisor automates trading based on liquidity and market structure concepts. It identifies price action landmarks like higher highs, higher lows, lower lows, and lower highs to determine current trend or ranging states. The robot executes trades with distinct stop loss and take profit settings f
This expert advisor for MetaTrader 4 trades based on the distance between the current price and an Exponential Moving Average. It monitors the market to identify when price has stayed on one side of the moving average for a specific number of consecutive candles. A trade is executed when the deviation in points reaches
This MetaTrader 5 expert advisor implements an automated trading strategy based on Heikin Ashi candle patterns and the Relative Strength Index. It utilizes custom indicator handles to monitor trend direction and detect potential bullish divergence. The EA includes internal logic for percentage-based risk management, al
This MetaTrader 5 expert advisor implements a linear gradient trading strategy, which typically involves layering orders or partial exits at fixed point intervals. It utilizes Bollinger Bands as a primary technical indicator for entry signals and supports buy-only, sell-only, or bidirectional trading modes. The robot i
This MetaTrader 4 expert advisor uses Relative Strength Index (RSI) levels to identify overbought and oversold conditions for trade entries. It features a layering mechanism that opens additional positions at fixed intervals defined by a pip-step parameter. The robot manages risk with hard stop loss and take profit lev
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
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 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
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 expert advisor utilizes a combination of Envelopes, the Gator Oscillator, and Standard Deviation indicators to execute trades. It features comprehensive trade management including stop loss, take profit, and break-even functionality. The robot allows for position scaling through adding or reducing lot
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 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
Strawberry Strategy Tester is a MetaTrader 4 expert advisor designed for automated trading and strategy evaluation. It implements Bollinger Band-based entry logic and offers multiple lot sizing methods, including fixed lots, addition, and multiplication. The use of lot multiplication suggests the expert advisor utilize
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
MQL Basics Collection is an educational repository for MetaTrader 5, providing a wide array of scripts and expert advisors designed to teach the fundamentals of MQL5 programming. It includes over fifty files covering essential operations such as opening and closing positions, retrieving account information, and integra
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
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
Bear Treading is a MetaTrader 5 robot developed using the MQL5 standard library expert classes. It primarily executes trades based on Relative Strength Index (RSI) signals, incorporating Moving Average parameters for trend identification. The system employs traditional risk controls, including hard stop loss and take p
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 repository provides a collection of MetaTrader 4 and MetaTrader 5 tools, centered around a local trade copying system. The primary expert advisors allow users to publish and subscribe to trade signals between terminal instances using file-based communication. The copier supports lot sizing via ratios or fixed valu
This expert advisor for MetaTrader 4 is a multi-strategy robot focused on the recovery zone management technique. It offers a wide array of entry signals, including RSI, MACD, Bollinger Bands, and mean-reversion models. When initial trades move into a loss, the system employs an averaging recovery strategy with lot mul
This MetaTrader 5 expert advisor is an educational prototype developed for a digital signal processing course at the University of Brasília. It utilizes a mean-reversion strategy based on the Volume Weighted Average Price (VWAP), entering trades when price deviates from the indicator by a specific distance. The robot s
Aiden is a MetaTrader 5 expert advisor that utilizes a multi-indicator weighting system to determine market entries. It calculates trade signals by aggregating 'chances' from several technical indicators including ZigZag, Stochastic, Moving Average crossovers, Parabolic SAR, RSI, MACD, and Momentum. The EA manages risk
This repository is a collection of MetaTrader 4 expert advisors that focus on technical indicator signals. The primary EA combines four Moving Averages with Bollinger Bands to detect trend alignment and volatility conditions. It features dual-level stop loss and take profit settings, along with filters for Bollinger Ba
Arbitrage Expert is a MetaTrader 4 expert advisor that focuses on a zone recovery hedging strategy rather than traditional arbitrage. Based on the OGT Zone Recovery system, it manages trades by opening counter-positions within a defined price zone when an initial trade goes into drawdown. The system employs a lot multi
This MetaTrader 5 robot executes trades based on the percentile rank of recent price ranges. It incorporates the Average Directional Index as a trend filter to ensure entries occur during specific market conditions. Risk management is handled through automated lot sizing based on a risk percentage and a maximum monetar
Matrix Martingale is a MetaTrader 4 expert advisor designed to trade price action based on previous candle ranges. It utilizes a fixed Martingale lot scaling sequence across ten levels to manage trades. Entries are determined by Fibonacci levels, specifically placing orders at 25% or 50% retracements of the previous ca
This MetaTrader 4 expert advisor implements a trading strategy centered on the Money Flow Index (MFI) indicator. It opens buy positions when the MFI crosses below a user-defined threshold and sell positions when it crosses above a threshold. To manage losing trades, the EA employs a martingale-style lot scaling mechani
This expert advisor for MetaTrader 4 executes trades based on the Relative Strength Index indicator. It enters long positions when the RSI period 14 crosses below the 30 level and short positions when it rises above 70. The robot maintains a simple logic of managing a single trade at a time with a fixed volume of 0.10
This MetaTrader 5 expert advisor implements a statistical arbitrage strategy based on asset cointegration. It focuses on mean-reversion by identifying and trading pairs of assets that diverge from their historical price relationships. The software is pre-configured with a broad list of Brazilian equities and supports b
Se-0303 is an automated trading robot for MetaTrader 4 and 5 that employs a grid-based approach with Martingale lot scaling. It determines entries through trend analysis and M1 fractals, using coefficients to calculate order distances and take profit targets relative to price height. The EA includes specific risk contr
This repository is a collection of MetaTrader 5 expert advisors featuring various technical trading strategies. It includes individual robots based on moving average crossovers, MACD, Bollinger Bands, and linear regression models. Each EA is equipped with risk control parameters such as fixed stop losses, take profit l
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
This MetaTrader 5 expert advisor implements a trading strategy based on the Volume Price Change oscillator. Developed as a module for the EA31337 framework, it supports simultaneous operation across multiple timeframes using a bitmask input. The EA focuses on the relationship between price movement and volume to identi
This MetaTrader 5 expert advisor utilizes ZigZag indicators and Fibonacci retracements to identify and trade ABCD patterns. Operating primarily on the M1 and M5 timeframes, the robot calculates entry points based on specific price ranges and Fibonacci levels such as 23.6 and 38.2. The system employs an aggressive marti
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
HiLo Pro is a MetaTrader 5 robot that identifies trades using a combination of the HiLo Activator and the Relative Strength Index. It executes long or short positions based on trend direction and momentum filters for overbought or oversold conditions. The EA includes intraday time management, allowing users to define s
Dollar Killer Martingale is an automated trading robot for MetaTrader 5 that utilizes Bollinger Bands to identify market entry points. The EA initiates trades based on price interaction with band boundaries and manages drawdowns through a lot-multiplication recovery system. It features a grid-based approach where addit
This repository provides a collection of Expert Advisors for MetaTrader 5, primarily focused on technical indicator strategies and algorithmic trading examples. The main file utilizes a Moving Average signal combined with a Parabolic SAR trailing stop for automated trade management. It includes a lot-sizing module that
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 repository provides a collection of MetaTrader 5 expert advisor templates and functional code modules. Designed as an educational resource, the code demonstrates how to implement technical indicators like Bollinger Bands, Bears Power, and the Average True Range within the MQL5 environment. The main file serves as
This MetaTrader 4 expert advisor executes a mean-reversion strategy driven by the Relative Strength Index. It enters trades when the RSI indicates overextended price levels and manages them using a grid-based approach. The EA scales lot sizes using a martingale factor and allows for position layering at specified dista
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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