This MetaTrader 5 trade manager automates stop loss adjustments for existing positions using the Teeth line of the Bill Williams Alligator indicator. It tracks an 8-period smoothed moving average shifted 5 periods forward to determine exit levels. The tool operates on a new bar basis, checking open trades and modifying
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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.
Type
Strategy
HFT V1 is a MetaTrader 4 expert advisor designed to execute trades based on historical data analysis. The robot calculates dynamic price levels, including mid-lines and breath levels, by evaluating a minimum threshold of previous account history. It manages risk through fixed stop loss and take profit settings, with lo
This MetaTrader 5 expert advisor executes a martingale strategy using pending buy stop or sell stop orders. Users define an initial entry price and lot size, which the EA then manages using a configurable volume multiplier for subsequent trades. It includes automated stop loss and take profit calculations based on fixe
Bot Trend Line is an automated trading tool for MetaTrader 4 that executes orders based on price interactions with trendlines. The expert advisor monitors lines to trigger market or pending orders when specific price conditions are met. It manages risk through a fixed risk-per-deal setting and includes account-level sa
This MetaTrader 5 tool provides a semi-automatic interface for executing trades based on manual chart analysis. Users can configure trendlines and horizontal lines to trigger buy or sell orders upon price touch, breakout, or retest. The EA includes a graphical user interface to manage lot sizes and provides draggable o
Robo Samurai is a MetaTrader 5 expert advisor that executes trades based on probabilistic candle patterns and occurrence statistics. It features a unique Katana Barrier system that filters trade signals based on historical error rates and specific occurrence percentage thresholds. The EA allows for granular control ove
This MetaTrader 5 expert advisor utilizes a multi-timeframe approach to identify entry points based on the Relative Strength Index and candlestick patterns. It monitors a lower timeframe for bullish engulfing formations while using a higher timeframe Exponential Moving Average to filter for trend direction. The bot cal
This expert advisor for MetaTrader 4 acts as a bridge using the ZeroMQ protocol to connect the trading terminal with external environments. It facilitates bidirectional communication, allowing users to send trade commands and retrieve market data or account status via TCP sockets. The system supports multiple instrumen
This MetaTrader 5 expert advisor identifies and trades the 212 candlestick pattern. It combines price action analysis with technical indicators, specifically using the Average Directional Index and a Moving Average for trend confirmation. The system manages risk through fixed stop loss and take profit levels, including
This MetaTrader 5 expert advisor is a legacy project focused on machine learning and neural network forecasting. The system implements logic for training models and generating forecasts using technical indicators like ADX and ZigZag. It includes several optional modules for long, short, hedging, and martingale trading
Trade Manager EA is a utility for MetaTrader 4 designed to simplify order placement and position management. It features a graphical user interface that allows users to open trades and visually define multiple stop loss and take profit levels. The expert advisor includes logic for partial closing of orders and uses a t
This MetaTrader 4 collection provides several expert advisors designed to automate trade entry with integrated risk controls. The tools calculate lot sizes based on a user-defined percentage of account capital, ensuring consistent exposure. Users can configure the trade direction, expected duration, and risk-to-reward
This MetaTrader 4 Expert Advisor acts as a communication interface using the ZeroMQ library to link the terminal with external software. It functions as a server through REP and PUSH sockets, allowing external logic to execute trades via TCP ports. The tool includes standard risk controls such as stop loss and take pro
MT5 Telegram Bot is a remote management tool for MetaTrader 5 that connects the trading terminal to the Telegram messaging platform. It enables users to send trade instructions directly from a chat interface to the expert advisor. The EA processes specific commands to open buy or sell positions and close existing marke
Dv Tools is an open-source development framework and utility library for MetaTrader 4. It provides MQL4 programmers with modern C++ inspired data structures, including vectors and maps for handling both primitive types and objects. The library simplifies chart graphic management through a dedicated UI manager and offer
This repository contains a collection of MetaTrader 5 expert advisors focused on simple technical indicator strategies. The primary EA utilizes a combination of the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) to identify overbought and oversold market conditions. It enters market trad
This MetaTrader 4 utility calculates and displays a five percent daily drawdown limit directly on the chart. It determines the daily starting balance by analyzing the account history and subtracting current-day profits from the total balance. Designed as a monitoring tool for traders following specific risk management
This MetaTrader 4 expert advisor executes a breakout strategy based on price extremes established during specific trading hours. It identifies the high and low levels from recent hourly candles and enters positions when price breaches these thresholds. The EA includes automated risk management features such as dynamic
This MetaTrader 5 expert advisor executes trades based on Relative Strength Index (RSI) levels. It enters long positions when the RSI is below a specified low point and the previous candle closed bullish, while short positions are triggered when the RSI is above a high point and the previous candle closed bearish. The
This MetaTrader 5 expert advisor executes trades based on technical signals from Moving Average crossovers and the Relative Strength Index (RSI). It offers three distinct entry modes, allowing traders to utilize trend-following crossovers, RSI overbought and oversold levels, or a combination of both indicators. The rob
This MetaTrader 4 expert advisor utilizes technical indicators to execute trades based on trend and momentum. The logic employs two simple moving averages (15 and 50 periods) alongside the Relative Strength Index to identify entries. It seeks buy or sell opportunities when moving averages crossover, provided the RSI co
This MetaTrader 4 expert advisor automates trading based on the crossover of two Simple Moving Averages. The robot enters a buy position when the short-term moving average crosses above the long-term moving average and a sell position when it crosses below. It manages exits by monitoring for reverse signals to close ac
This MetaTrader 4 expert advisor implements a trend-following strategy using exponential moving average crossovers. It automates trade entries when momentum shifts and manages exits based on a user-defined reward-to-risk ratio. The system features a dynamic position sizing algorithm to adjust lot sizes relative to acco
A collection of MetaTrader 4 expert advisors designed for trend-following strategies. The primary logic uses Donchian Channel breakouts with configurable periods for entries and exits. It features robust risk management, including percentage-based lot sizing and volatility-based stop loss and take profit levels calcula
This MetaTrader 4 expert advisor executes trades based on the Ichimoku Kinko Hyo indicator. It incorporates four distinct trading methods: the Ideal Strategy, Tenkan-Kijun-Chikou crossing, Kumo breakout, and Chikou Span crossing. The robot manages risk through fixed stop loss and take profit levels, a maximum trade lim
This MetaTrader 4 repository contains a collection of Expert Advisors and a core module for order management. It includes standard trading strategies based on Moving Average and MACD crossovers. The main module provides logic for calculating open and historical trade metrics, tracking total profit and loss across speci
KEG Order EA is a manual trading utility for MetaTrader 4 designed to streamline order execution and position management. It features a graphical panel for one-click trading and allows users to close all open positions or filter by specific currency pairs. The tool provides visual feedback on pips and floating profit o
Mql Trading Signals is a collection of expert advisors for MetaTrader 4 and 5 designed for automated trading and signal notification. The repository contains various strategy iterations, primarily utilizing Simple Moving Average (SMA) crossovers to identify trends. The main experts include logic for sending trade detai
Robo Harmonico is a MetaTrader 5 expert advisor designed to detect and trade harmonic price patterns, specifically focusing on the Gartley formation. It utilizes a custom ZigZag indicator to identify significant swing highs and lows, which are then processed by a dedicated detection library to find geometric structures
This utility bridges MetaTrader 4 to Telegram by sending real-time trading notifications to specific channels or groups. It monitors the trading terminal for various execution events, including new market orders, pending order placements, order fills, and trade closures. The tool uses the Telegram Bot API to deliver fo
Azizkhani is a technical expert advisor for MetaTrader 5 that executes trades based on a combination of MACD and Commodity Channel Index indicators. The robot enters buy or sell limit orders when the CCI exceeds specific thresholds and the MACD aligns with the trend direction. It features a simplified logic for managin
This repository provides a collection of MetaTrader 5 expert advisors based on moving average crossovers and price distance relative to the mean. The core logic monitors the gap between the current price and a simple moving average while tracking candle direction for entry signals. The collection includes variations fo
This MetaTrader 5 framework provides a modular structure for developing expert advisors. It includes base classes for retrieving account information, market prices, and candle data, alongside a dedicated trading system class for signal execution. The repository features an example implementation utilizing Relative Stre
This MetaTrader 4 expert advisor uses the Average Directional Index to identify and trade market trends. It implements a volatility-based risk management system using the Average True Range to calculate stop loss and take profit levels dynamically. The strategy includes a configurable martingale lot scaling mechanism a
Gordon Day Trading is a MetaTrader 4 expert advisor designed for automated intraday trading. It combines signals from multiple Exponential Moving Averages, the Relative Strength Index, and Bollinger Bands to determine trade entries. The software includes visualization features for Fibonacci levels and unretraced zones
This MetaTrader 4 expert advisor is a management tool designed to execute and handle trading strategies using martingale lot scaling. It uses HTTP and JSON libraries to potentially interface with external configurations or signals, supporting multiple strategies at once. The EA features a 20-level lot sequence system,
Treinamento Mql5 is an educational expert advisor designed for the MetaTrader 5 platform to demonstrate basic algorithmic trading concepts. It provides a framework for integrating technical indicators such as Moving Averages and the Relative Strength Index into a trading script. The EA includes input parameters to togg
This MetaTrader 4 expert advisor functions as a communication bridge between the trading platform and an external web-based backend server. It utilizes the WebRequest function to send real-time bid and ask prices, synchronize instrument details, and perform connectivity probes with a server. Designed as an educational
EAM1 is a MetaTrader 5 expert advisor that utilizes the Ichimoku Kinko Hyo technical indicator to identify trading opportunities. The robot monitors the Tenkan, Kijun, and Senkou Span components to generate signals based on trend direction and component crossovers. Users can adjust the periods for the fast and slow lin
This MetaTrader 4 collection provides a testing framework for trend confirmation indicators based on the No Nonsense Forex methodology. It includes three Expert Advisors designed to evaluate different signal types: Zero Line crosses, Two Line crosses, and Chart indicators. The system simulates trades at candle closes u
This expert advisor acts as a communication bridge between MetaTrader 4/5 and external applications via the ZeroMQ protocol, specifically aimed at executing trades from a Telegram group. It runs a local server within the terminal to receive trading instructions and optionally publish market data. The Python-based backe
This MetaTrader 4 expert advisor uses a mean-reversion approach based on a long-period Exponential Moving Average on the M5 timeframe. It opens a single buy position when the previous candle closes below the 1000-period EMA and a sell position when it closes above. The EA includes standard risk controls such as fixed l
Pivot Point EA is an automated trading robot for MetaTrader 4 that utilizes daily pivot points to identify potential support and resistance levels. The system calculates these levels at the start of each day and monitors price proximity to execute trades based on bounces or breakouts. It includes built-in risk controls
Suminsky EA is an automated trading tool for the MetaTrader 4 platform that utilizes a level-based execution strategy. The robot places orders within a specified price range, divided into multiple lines or levels to manage entries. It features risk management settings including fixed lot sizing, a take profit target, a
Falcon C is a MetaTrader 4 expert advisor that implements a rule-based strategy using moving average crossovers and Keltner Channels. It relies on an external deep learning framework built in R to categorize current market regimes, such as normal or volatile bull and bear phases. Based on these categories, the robot sw
This MetaTrader 4 expert advisor executes automated trades based on Moving Average crossover logic and the Chandelier Exit method. It utilizes multiple Moving Average periods and shifts alongside Average True Range and price extremes to identify market trends and potential exit points. Risk is managed through fixed lot
This expert advisor serves as a bridge between MetaTrader 4 and external applications using the ZeroMQ messaging protocol. It allows external programs to communicate with the terminal over TCP sockets to send trading commands or retrieve market data. The EA functions as a server, hosting REP and PUSH sockets to handle
Fomo Manual Trading Tool is an expert advisor for MetaTrader 4 designed to facilitate fast manual execution through keyboard hotkeys. It bypasses the standard order window, allowing users to open buy and sell positions, set limit orders, and adjust lot sizes instantly. The tool includes functions to increase or decreas
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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