This collection of MetaTrader 4 scripts and experts features an automated trading robot based on the MACD indicator. It identifies entry points using MACD signal line crossovers filtered by an Exponential Moving Average to determine trend direction. The system includes built-in risk controls such as fixed lot sizing, t
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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
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
This MetaTrader 5 expert advisor executes trades based on the direction of the most recently closed candle, offering both trend-following and counter-trend modes. Its core logic utilizes a martingale lot scaling system, where position sizes are increased by a user-defined factor following a loss to recover previous def
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 expert advisor for MetaTrader 4 executes trades based on the engulfing candle pattern, a classic price action signal. It identifies scenarios where the current candle completely covers the previous candle's range and filters entries using a Moving Average to ensure alignment with the prevailing trend. The EA place
This repository provides a collection of MetaTrader 5 expert advisors, including standard MetaQuotes examples and specialized indicator-based bots. The expert advisors utilize technical analysis tools like MACD, Moving Averages, and Parabolic SAR to automate market entries. Risk management is handled through user-defin
This repository serves as a collection of MetaTrader 5 expert advisors and educational scripts. It includes a variety of automated trading systems based on common technical indicators such as Moving Averages, RSI, and Stochastics. The collection features specific strategies including Bill Williams techniques and trend-
This MetaTrader 4 expert advisor executes trades based on Exponential Moving Average conditions across multiple timeframes. Originally designed as a crossover strategy, it incorporates a dynamic stop loss mechanism that adjusts based on price distance from the entry point. The robot features built-in risk controls, inc
This MetaTrader 4 repository contains a collection of expert advisors, including implementations of the standard MACD Sample and Moving Average strategies. The primary MACD robot enters trades based on MACD signal line crossovers filtered by an exponential moving average trend component. Risk management is handled thro
DWater EA is an automated trading robot for MetaTrader 5 that uses a trend-following approach based on price speed and position relative to trendlines. It utilizes smoothed moving averages across dual timeframes to identify entries. The strategy incorporates a grid-based recovery mechanism, adding positions at fixed in
Laguna EA is an automated trading robot for MetaTrader 5 that utilizes the Average Directional Index and Exponential Moving Averages to identify market trends. It filters entries by requiring a minimum ADX value to ensure sufficient trend strength before executing trades. The system manages risk with fixed lot sizing a
This MetaTrader 4 expert advisor is an automated trading robot developed for a 2019 trading competition. It executes trades based on a price range breakout strategy, calculating entry levels from the high and low values of previous candles. The algorithm filters entries using a 10-period Exponential Moving Average and
This MetaTrader 4 expert advisor executes trades based on the MACD indicator and uses a Moving Average filter to determine the prevailing trend. It features a dynamic lot sizing algorithm that adjusts risk percentages according to account balance tiers. While the documentation focuses on MACD signals for H1 charts, the
This MetaTrader 5 repository contains a collection of experimental expert advisors focused on trend-following and crossover logic. The primary codebase utilizes the Average Directional Index (ADX) to gauge trend strength and Moving Average crossovers to determine trade entries. The included tools feature hardcoded stop
MACD MA Cross is a MetaTrader 4 expert advisor that automates entries based on the alignment of MACD signals and Moving Average crossovers. The strategy triggers trades when indicators confirm a trend, using Linear Weighted Moving Averages (LWMA) for direction. The EA features an unconventional exit strategy where posi
This collection for MetaTrader 4 and 5 includes various expert advisors exploring fuzzy logic and standard technical indicators. The primary logic demonstrated in the source files utilizes Simple Moving Averages to identify trend direction and price positioning. It features standard risk controls including fixed lot si
This Expert Advisor for MetaTrader 5 implements a trend-following strategy based on four moving averages. It determines market direction to trigger buy or sell entries during specified trading hours. The robot features time-restricted operations, allowing trade execution only between set start and end times. Risk manag
This collection for MetaTrader 4 includes various expert advisors, with the primary HL Monday Order EA focusing on weekly price ranges. The software identifies Monday's high and low prices to set automated entry levels, stop loss positions, and take profit targets using configurable pip adjustments. The repository incl
This MetaTrader 4 expert advisor automates trading based on trendline analysis. It identifies price trends within a specific lookback period and executes entries when price aligns with these detected structures. The robot manages risk through a percentage-based money management system, requiring a stop loss and minimum
This MetaTrader 4 expert advisor executes trades based on the crossover of two Simple Moving Averages. It identifies trend shifts by comparing the relationship between a fast and a slow moving average over the two most recent bars. The robot enters a buy position and closes existing sell trades when the fast MA crosses
HGSS Candle Bob is an automated trading system for MetaTrader 4 that identifies trade setups using candle sequences and external library signals. It evaluates market conditions via the HGI library to detect trends and ranges, allowing for both trend-following and pullback strategies. Risk management includes fixed lot
This MetaTrader 4 expert advisor executes trades based on short-term price momentum across three consecutive candles. It monitors closing prices to identify price direction, initiating a buy order when prices are rising or a sell order when prices are falling. The system includes configurable fixed stop loss and take p
Falcon F is an automated trading system for MetaTrader 4 that utilizes supervised deep learning and an external Decision Support Centre powered by R to identify market inefficiencies. It analyzes indicator patterns across M1, M15, and H1 timeframes to predict price changes and trade direction up to 100 hours ahead. The
A collection of MetaTrader 4 expert advisors centered around trend-following strategies using standard technical indicators. The primary logic utilizes MACD signal line crossovers filtered by moving average trends to identify entry points. Risk management is handled through fixed lot sizing, predefined take profit leve
Multi Trader is a MetaTrader 4 tool designed to execute and manage a multi-position strategy through an on-chart dashboard. It allows traders to open up to three simultaneous orders with a unified stop loss but independent take profit targets and lot sizes. The expert advisor manages trade progression by adjusting stop
This repository provides a specialized framework and example expert advisors for developing Renko-based trading systems on the MetaTrader 5 platform. It includes a dedicated MQL5 header library that simplifies integration with the Median Renko indicator bundle. The framework handles the acquisition of chart settings au
This repository provides a collection of expert advisors for the MetaTrader 5 platform, primarily utilizing the standard MQL5 library components. The main expert advisor, ExpertMAPSARSizeOptimized, generates trade entries based on Moving Average crossovers and manages exits using a Parabolic SAR trailing stop. It inclu
Simple Sys is a MetaTrader 4 expert advisor that executes automated trades based on a specific daily start hour and moving average alignment. At the designated hour, the robot evaluates the relationship between current price action and a long-term moving average to identify trend direction. It features fixed lot sizing
This MetaTrader 4 repository contains a collection of basic expert advisors designed around standard technical indicators. It includes automated strategies for MACD crossovers, moving average crossovers, and mean-reversion setups using Bollinger Bands, RSI, and Stochastic oscillators. Each individual robot executes tra
Boss Logic is an automated trading robot for MetaTrader 4 that utilizes a combination of the Zigzag indicator, MACD, and Turtle Trading Channel logic. The EA monitors price pivots across various bar intervals to identify potential entry points based on trend exhaustion or reversals. Trade management includes standard t
This MetaTrader 4 expert advisor implements a trend-following grid strategy based on multiple moving averages. It determines market direction using configurable average periods and places initial pending orders followed by additional positions at set point intervals. The robot manages long and short trades independentl
This repository is a collection of expert advisors for the MetaTrader 5 platform, featuring several trend-following and indicator-based strategies. It includes implementations for MACD crossovers, Moving Average crosses, and Parabolic SAR logic. The experts provide standard trade management features such as fixed lot s
Parallel Strategies is a multi-strategy expert advisor for MetaTrader 4 that executes four independent trading systems concurrently. These systems include moving average crossovers, MACD breakouts, Heiken Ashi signals, and a combined Heiken-MACD approach. Each strategy operates with its own magic number for distinct ma
MAEA is a multi-symbol expert advisor for MetaTrader 4 that automates entries based on moving average analysis. The robot scans available symbols and monitors price action on the M15 timeframe. It incorporates automated trade management features including a break-even function and dynamic lot sizing based on a fixed ri
This MetaTrader 4 expert advisor utilizes the Relative Strength Index (RSI) and Momentum indicators to identify trading opportunities. The EA monitors price action, spreads, and indicator levels across various timeframes. A notable feature is its ability to log real-time market data, including broker info and indicator
Susu Engulf is a MetaTrader 4 expert advisor that automates trading based on engulfing candlestick patterns and technical indicators. It utilizes a combination of MACD and five distinct moving averages to determine trend direction and entry points. The EA manages risk through a maximum order limit and a money managemen
This MetaTrader 4 expert advisor executes trades based on a triple moving average strategy. It utilizes fast, slow, and trend moving average periods to identify entry points, including new trends, trend continuations, and price touches on moving averages. The system includes built-in risk management via a fixed stop lo
Uchin is a MetaTrader 4 expert advisor that executes trades based on the price action of the previous daily candle. It enters a buy position if the prior day closed higher than it opened and a sell position if it closed lower. The robot includes time-based filters for specific entry and exit hours and allows users to t
Double MA ADX is a MetaTrader 4 expert advisor that automates trading based on the relationship between two Linear Weighted Moving Averages and the Average Directional Index. The strategy uses ADX values to filter for trend strength before entering positions during a specific intraday time window. It utilizes a trailin
This MetaTrader 4 expert advisor executes trades based on a trend-following system using four Simple Moving Averages and a custom indicator. It identifies entry points when price interacts with a specific sequence of moving averages (25, 75, 100, and 200 periods) while confirming the trend direction. Risk management is
Simple MA Crossover is a MetaTrader 4 expert advisor that executes trades based on the intersection of two moving averages. It enters long or short positions when the fast moving average crosses the slow moving average, while simultaneously closing any open trades in the opposite direction. Users can configure the peri
Vforce EA is a versatile trading robot for MetaTrader 4 that utilizes a wide array of technical indicators to identify entry points. It integrates Stochastic, RSI, ADX, MACD, and Bollinger Bands, allowing traders to enable or disable specific signals via input parameters. The system manages risk through fixed lot sizin
This MetaTrader 5 expert advisor executes trades based on the crossover of two moving averages. It allows users to define periods for both long and short averages and select the calculation method, such as Exponential Moving Average. The EA includes internal time management, allowing for specific start and end times pl
This MetaTrader 5 expert advisor implements a classic dual moving average crossover strategy. It tracks two Simple Moving Averages with configurable fast and slow periods to determine trade entry and exit points. The robot checks for signals every 15 seconds via a timer function rather than on every price tick. Users c
No Brainer is a MetaTrader 4 expert advisor that utilizes a triple Exponential Moving Average crossover strategy to identify market trends. It incorporates a Standard Deviation filter to assess volatility, determining if market conditions are suitable for trading. The EA manages risk through user-defined stop loss and
This MetaTrader 4 expert advisor collection consists of several experimental trading scripts, including trend-following and peak-detection strategies. The primary EA uses a custom trending indicator to categorize the market into specific zones based on user-defined threshold levels. It automatically opens or closes pos
This MetaTrader 4 expert advisor executes a breakout strategy by interfacing with the ACB Breakout Arrows indicator. It manages trades using multiple exit methods, including split targets or single-level closures. Risk is controlled through percentage-based stop loss calculations and an optional daily Exponential Movin
This repository contains a collection of MetaTrader 4 Expert Advisors and helper classes for algorithmic trading. The featured robot, Desiree, implements a breakout strategy based on Donchian Channels for both entries and exits. It incorporates comprehensive risk controls including percentage-based lot sizing, volatili
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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