Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr
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Expert Advisor Library
1,978 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Trading robot 17Trade manager 2Risk & protectionNews tradingCopier & bridgeFramework & templateCollection 6Utility
Strategy
Trend following 5Breakout 3ScalpingGrid 15Martingale 14HedgingMean reversion 4SMC / ICT / price action 2Indicator crossover 7ArbitrageAI / machine learningNewsMulti-strategy 2
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This MetaTrader 4 expert advisor is a management utility designed to handle orders opened by other martingale robots. It monitors trade sequences and applies hedging to the initial low-lot positions to mitigate drawdown. The tool provides automated risk controls including fixed take profit, stop loss, trailing stops, a
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 repository features a collection of MetaTrader 4 expert advisors, primarily focused on a multi-strategy system named Complete Robot. The main EA utilizes a combination of technical indicators including Moving Averages, MACD, Bollinger Bands, and Stochastic oscillators for market entry. It employs a grid-based appr
This MetaTrader 4 expert advisor implements a cumulative profit strategy based on support and resistance levels. The system identifies potential trade entries by analyzing historical price extremes over a defined lookback period while excluding recent price action. It manages trade exits collectively, closing the entir
This MetaTrader 4 expert advisor implements an averaging strategy that manages trades by opening additional layers at predefined intervals when the market moves against the initial position. It features modes for both averaging up and down, with the ability to alternate between buy and sell orders. The EA includes risk
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
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,
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
This MetaTrader 4 expert advisor implements a grid-based trading approach by opening buy and sell positions based on price distance. The system evaluates current market orders and places new trades only when the price moves a specific distance, defined by the step parameters, from existing entries. Users can independen
Hosopi3 Tanpoji is a single-position trading robot for MetaTrader 4 and MetaTrader 5, specifically developed to avoid martingale and averaging techniques. It triggers entries using various built-in technical indicators such as Moving Averages, RSI, Bollinger Bands, and Stochastics, or through external custom indicator
This MetaTrader 4 expert advisor automates trading based on Gann Fan theory by identifying trend angles from recent swing highs and lows. It enters the market using buy and sell stop orders placed at specific distances from detected Gann lines. The robot includes risk management features such as fixed stop loss, take p
This MetaTrader 4 expert advisor executes a dual-direction grid trading strategy driven by technical analysis. It enters trades based on an Exponential Moving Average crossover logic using three distinct periods. The system employs a customizable martingale sequence where lot sizes increase after a user-defined number
Zone Recovery is a MetaTrader 4 expert advisor that employs a hedging strategy to manage trades within a specific price range. It uses a recovery algorithm to open opposite positions with increased lot sizes when the market moves against the initial entry. The EA calculates a lot multiplier based on the risk-reward rat
Tip Top AI is a price action robot for MetaTrader 4 and MetaTrader 5 that uses a proprietary candle tail length algorithm to identify market entries. The strategy calculates the average size of historical bars and monitors current candles for specific wick-to-body ratios. It enters trades when wicks exceed the body siz
Icarus EA is a MetaTrader 4 robot that executes a grid trading strategy with lot size progression. It opens sequences of trades at fixed intervals and uses a multiplier to scale lot sizes, identifying it as a martingale-style system. Risk controls include an equity warning threshold, a maximum number of concurrent posi
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
Xurya Algorithmic Trading is a collection of MetaTrader 4 expert advisors centered on breakout strategies and volatility analysis. The primary EA uses a breakout mechanism with entries filtered by price action across a defined number of bars. It features risk controls including fixed percentage lot sizing based on acco
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
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 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
Integra 777 Buy Sell is a MetaTrader 4 expert advisor that utilizes a grid-based approach combined with the Commodity Channel Index (CCI) for trade entries and management. The robot opens positions and adds supplementary orders at dynamic distances, governed by a minimum step parameter. It features a unique trailing pr
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 repository is a collection of MetaTrader 4 expert advisors focusing on breakout and technical indicator strategies. Notable components include breakout logic based on Monday high and low prices, exponential moving average crossovers, and high-water mark tracking. Risk management is handled through various lot sizi
This MetaTrader 4 expert advisor executes trades based on a combination of Exponential Moving Averages, MACD, and Heiken Ashi indicators. It features a zone recovery system designed to manage trades that move against the initial position by utilizing offsetting orders. Risk management is handled through configurable ta
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 hour, 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 hour. 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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