Falcon B is a MetaTrader 4 robot developed for the Lazy Trading Project, designed to integrate with external decision support systems. It uses a combination of moving average crossovers and Keltner Channels to identify trade entries. The system includes robust risk management features, allowing for fixed or volatility-
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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
This MetaTrader 4 expert advisor executes a classic moving average crossover strategy. It monitors two Simple Moving Averages with customizable periods to identify trend shifts. When the fast average crosses above the slow average, the robot initiates a buy order; a crossover below triggers a sell order. The system res
Algo 01 is a MetaTrader 4 expert advisor that executes trades based on moving average crossover signals. It references an external custom indicator path for signal generation and allows users to define fast and slow moving average periods for its logic. The robot includes risk management features such as percentage-bas
Account Recorder is a utility for MetaTrader 4 and 5 that exports trading transactions and account metrics to external SQL databases via the ODBC interface. It supports MySQL, PostgreSQL, and SQLite, enabling users to maintain an auditable, platform-agnostic history of their trading activity. The tool records account s
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
TeGi is a manual trading panel and management utility for MetaTrader 4 that bridges local trade execution with Telegram groups or channels. It allows users to open buy or sell orders with predefined stop loss and take profit levels while automatically broadcasting trade signals and screenshots to a connected bot. The e
Cuckoos MT4 is a notification expert advisor for MetaTrader 4 that bridges account activity to Discord via webhooks. This utility monitors the trading account and sends automated updates whenever the total number of open orders changes or during initialization. The messages delivered to Discord contain detailed account
This repository contains a collection of MetaTrader 4 programs, including expert advisors, indicators, and scripts. The provided files appear to be utility tools rather than automated trading robots, with names suggesting functions for account monitoring, folder management, and time-based tasks. The project provides mi
This MetaTrader 4 expert advisor functions as a trade receiver or bridge for external web services. It uses the WebRequest function to poll a Heroku-hosted URL for trading data and instructions. The software parses incoming text strings to identify specific trade parameters and synchronize the local terminal with the r
Discretion Algo is a collection of MetaTrader 4 experts designed for automated trading based on technical price action patterns. The repository provides distinct modules for identifying liquidity sweeps and engulfing candle formations. The system employs multi-timeframe analysis, by default analyzing price data across
TradeRobot is a manual trading panel for MetaTrader 4 that facilitates trade execution and order management. It allows users to open buy and sell positions directly from the chart using graphical buttons. The utility incorporates essential risk management features, including fixed lot sizing, stop loss, take profit, an
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
This expert advisor acts as a trade receiver for the MetaTrader 4 platform, enabling the execution of orders sent from a remote master account. It establishes a connection via a socket library to a cloud hub or a specified local port to receive trade commands. The system parses incoming messages for parameters such as
Aych MTFX is a collection of MetaTrader 4 expert advisor templates designed for building custom trading robots. It utilizes a modular structure with various versions ranging from basic to full feature sets. The core logic manages trade entries and exits at bar opens, featuring integrated risk controls like break-even s
Aych Trading Tools is a collection of semi-automated utilities for MetaTrader 4 and 5 designed to assist with manual execution. Rather than operating as autonomous robots, these experts function as trade managers and execution assistants that require human intervention to initiate trades. The suite provides tools for a
Scadama Legacy is a trading panel collection for MetaTrader 4 and MetaTrader 5 that provides a graphical user interface for manual order execution. The application renders interactive buttons directly on the chart, allowing traders to monitor bid and ask prices across different digit significances. It includes a modula
This MetaTrader 4 expert advisor executes trades based on the crossover of two moving average indicators. It initiates buy positions when the fast moving average crosses above the slow moving average, provided both indicators are trending upward, and opens sell positions on downward crossovers. The robot manages exits
This MetaTrader 4 utility provides a technical framework for generating custom candlestick timeframes, such as two-day and three-day charts. It processes data from standard sources like H1 or M1 and organizes the results into a series array for custom chart construction. The tool is designed to handle broker start hour
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
Mt4 Link is an MQL4 server-client communications framework designed for MetaTrader 4. It enables the terminal to interact with external web services via a centralized command system. The framework includes modules for file management, update speed control, and execution delays. A sample implementation demonstrates how
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 MetaTrader 4 expert advisor functions as a trade management panel for manual traders. It features an on-chart user interface with buttons for executing buy and sell orders. The tool automates trade exits using multiple stages, including standard stop loss and take profit levels, as well as partial take profit and
This MetaTrader 4 expert advisor functions as a data bridge between the trading platform and external applications. It utilizes the WebRequest function to send real-time Bid and Ask prices to a local web server via POST requests every two seconds. Additionally, it can retrieve and parse event data from the server using
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
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
Tao Stock Simple Arrow is a MetaTrader 4 expert advisor that serves as a visual signal generator for price breakouts. The program identifies the highest and lowest price levels within the most recent 100 candles. If the current price breaks these established boundaries, it places buy or sell arrow objects directly on t
This repository contains a large collection of over 300 MetaTrader 4 expert advisors and scripts, including standard MetaQuotes samples and custom experimental tools. The primary file, Algo Prueba, utilizes the Relative Vigor Index (RVI) to determine market entries and exits. It features basic trade management by filte
This MetaTrader 4 repository contains a collection of trading tools, primarily featuring an automated RSI-based grid expert advisor. The system enters positions when the Relative Strength Index exceeds defined thresholds and manages them using a grid strategy with martingale lot multiplication. Risk controls include 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 automates trading based on pivot point technical levels. It focuses on systematic trade execution with integrated risk management, featuring automated lot sizing calculated as a percentage of account balance relative to stop loss distance. The EA includes a trailing stop mechanism that
This collection of MetaTrader 4 expert advisors serves as a practice repository for automated trading scripts. It features several distinct strategies, including moving average crossovers, Bollinger Band mean-reversion, and RSI-based entries. A core component of the repository is a martingale-style system that layers o
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
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 repository provides a collection of expert advisors for MetaTrader 4 and MetaTrader 5. The primary MetaTrader 5 file implements Mamdani fuzzy logic, processing three Relative Strength Index (RSI) inputs to determine market entries. The collection also includes several MetaTrader 4 experts focused on grid-based mon
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 collection of MetaTrader 4 and 5 expert advisors provides various utilities for trade management and entry automation. The primary tool, Multi TP, monitors specific order tickets to execute partial closes and modify stop losses when price targets are hit. Additional scripts automate entries based on price action p
This MetaTrader 4 expert advisor collection features a robot based on Stochastic oscillator crossovers. It monitors the M15 timeframe to identify shifts in momentum, entering trades when the fast indicator line crosses the slow line. The system automatically manages exits by closing opposing positions before opening ne
Hattyuu Samurai Zero is a manual trading panel for MetaTrader 4 that provides a graphical user interface for order execution and management. Built using the mt4gui2 library, it features on-chart buttons for entering and exiting trades, along with dedicated controls for trailing stops. The utility displays real-time met
Richer Machine is a MetaTrader 4 expert advisor designed for automated breakout trading using Bollinger Bands and custom price levels. It initiates trades when price closes outside the bands, subsequently placing Buy Stop and Sell Stop orders at intervals defined by a Fibonacci-width parameter. The system manages risk
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
Breakout Exp is a MetaTrader 4 expert advisor that implements a breakout-based trading strategy. It utilizes adjustable fast and slow period parameters to determine market entry and exit points. The system manages trades using fixed lot sizes and identifies its own positions via a unique magic number. It includes funct
This MetaTrader 4 repository contains a collection of automated trading tools, primarily centered on the Martingale Levels Expert. The system employs a grid-based strategy that places stop orders at specific intervals and manages them using trailing stops. It utilizes martingale lot scaling, where subsequent order size
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 repository provides a set of tools and scripts designed around Pivot Point price levels. It includes a module for drawing pivots on the chart and a statics Expert Advisor that performs historical analysis. The statics tool scans thousands of candles to determine if price successfully touched weekly pi
This expert advisor for MetaTrader 4 automates trading based on the Pin Bar candlestick pattern. It identifies entries by evaluating candle geometry, specifically the ratio of the body to the total length and the minimum size of the candle. Users can adjust the sensitivity of the detection logic and limit the maximum n
This MetaTrader 4 expert advisor is designed for binary options trading based on candle patterns. It monitors the market for a specific number of consecutive bullish or bearish candles to trigger reversal entries. The robot includes a built-in martingale system that multiplies the investment amount by 2.2 after each lo
Michael Balack EA is a collection of MetaTrader 4 scripts and automated trading tools, primarily focusing on session-based range breakouts. The main expert advisor identifies the minimum and maximum price levels during a specific user-defined time window. It manages trades using fixed lot sizing and includes parameters
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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