This risk management tool for MetaTrader 4 and 5 calculates optimal lot sizes based on user-defined risk parameters, account balance, and currency. It provides a graphical user interface for setting entry, stop loss, and take profit levels visually on the chart. The expert advisor accounts for commissions, swaps, and m
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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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Strategy
This development framework provides a comprehensive MQL library for building Expert Advisors, indicators, and scripts across MetaTrader 4 and 5 platforms. It facilitates cross-platform compatibility by offering a unified API that allows developers to port MQL4 code to MQL5 with minimal modifications. The library includ
This collection of MetaTrader 5 expert advisor samples supplements the Darwinex educational video series on advanced MQL5 programming. It provides technical implementations for multi-symbol trade management and institutional-grade risk controls. The codebase includes specialized modules for calculating custom performan
Account Protector is a risk management expert advisor for MetaTrader 4 and 5 designed to monitor account health and prevent excessive drawdowns. It allows users to set specific triggers based on floating profit or loss, equity levels, free margin, spread, or daily performance. When these conditions are met, the EA auto
MetaTrader 5 To Telegram is a utility expert advisor designed to bridge a MetaTrader 5 terminal with a Telegram bot. It monitors the trading account for updates and broadcasts notifications regarding orders, deals, and active positions to a specific user, group, or channel. The EA uses a timer-based system to process i
This utility for MetaTrader 5 transforms the trading terminal into a REST API server, enabling external software to control trading operations via HTTP. It facilitates remote account monitoring, price retrieval, and full trade execution, including market orders, pending orders, and partial closes. The system supports a
This MetaTrader 5 expert advisor collection provides a modular approach to automated trading based on technical indicators. It features a trading robot that uses a moving average to identify entries, supported by risk management tools including hard stop losses and take profits. The system includes logic for break-even
This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
This MetaTrader 5 tool acts as a discretion helper for manual traders to simplify order execution. It automates trade entries by applying calculated risk percentages and setting predefined stop loss and take profit values in pips. The utility features integrated trailing stop functionality, allowing users to define spe
This collection features several expert advisors for the MetaTrader 5 platform, each built around a different technical indicator such as MACD, RSI, Parabolic SAR, and Ichimoku Kinko Hyo. The robots execute trades based on classic signal logic, including zero-line crossings and signal line crossovers. Users can configu
This MetaTrader 5 expert advisor automates the 9.1 trading setup popularized by Larry Williams, utilizing an exponential moving average to detect trend shifts. It enters trades based on price action relative to the moving average slope. The system includes built-in trade management features like partial profit taking,
Sharing Is Caring is a MetaTrader 5 trade copier designed for local or remote synchronization between trading accounts. It operates in either provider or receiver mode, utilizing CSV files for local communication and FTP or HTTP for remote data transfer. The tool supports proportional lot sizing adjusted for balance an
This expert advisor provides automated schedule management for the MetaTrader 4 and MetaTrader 5 platforms. It allows users to define specific time windows for each day of the week to toggle the platform's global AutoTrading status. Beyond simple scheduling, the utility can close active positions and delete pending ord
This repository provides a series of educational code examples designed to help algorithmic traders transition from MetaTrader 4 to MetaTrader 5. The collection focuses on highlighting the technical improvements and syntax changes between the two versions of the MQL language. The included scripts demonstrate how to acc
This repository contains a collection of personal trading tools for MetaTrader 4 and MetaTrader 5. According to the author, the included expert advisors do not operate as fully automated trading robots. Instead, they function as execution assistants that help with manual trading by handling automatic position sizing an
This MetaTrader 5 expert advisor serves as an educational example from a book on MQL5 programming. It implements a versatile trading system that can be configured to use moving average crossovers, Relative Strength Index levels, or both indicators combined for trade entries. The EA manages risk with user-defined stop l
Neo Trader is an order execution bridge that facilitates the transfer of trade data from TradingView to MetaTrader 4 and 5 terminals. Operating through a local socket server and a browser extension, it allows users to execute trades directly from TradingView position drawing tools. The expert advisor handles market and
This repository provides a collection of standard MetaTrader 5 expert advisors bundled within a Docker container environment. It includes classic MetaQuotes examples such as the MACD Sample and Moving Average, which execute trades based on technical indicator crossovers and trend filters. The primary MACD expert featur
This educational collection provides a foundation for building MetaTrader 5 expert advisors through a series of modular code snippets and a primary RSI-based trading robot. The included expert advisor executes trades based on Relative Strength Index overbought and oversold levels, supporting both live and closed candle
This collection provides multiple MetaTrader 5 expert advisors and indicators intended as educational templates for MQL5 development. The primary example, ExpSidus, implements a moving average crossover strategy using Exponential and Linear Weighted Moving Averages. The included robots feature basic risk management thr
This MetaTrader 5 utility is a comprehensive manual trading panel and risk management suite. It simplifies order execution by calculating lot sizes based on a defined risk percentage of account equity. Users can manage trades via automated break-even points, multi-mode trailing stops including Fractals, Moving Averages
This utility for MetaTrader 4 and 5 automates trade execution based on trader-defined chart patterns. Users draw trendlines, horizontal lines, or channels, which the expert advisor monitors to place pending breakout orders. It handles trade entries, stop losses, and take profits according to specific object naming conv
This MetaTrader 5 expert advisor serves as a foundational framework for developing automated trading strategies. It streamlines the creation process by providing pre-built modules for position sizing, risk management, and trade execution. The system includes parameters for ATR-based stop-loss and take-profit calculatio
This MetaTrader 5 expert advisor implements a classic dual moving average crossover strategy. It tracks short-term and long-term moving averages, entering a buy position when the faster line crosses above the slower line and a sell position when it crosses below. Upon receiving a new signal, the bot automatically close
This expert advisor serves as a bridge between MetaTrader 5 and the VeighNa Evo quantitative trading framework. It uses ZeroMQ sockets and JSON messages to enable remote control of the terminal via Python. The system supports market data subscriptions, order execution, and history queries. It is designed specifically f
This expert advisor functions as a manual trading assistant for MetaTrader 4 and MetaTrader 5, designed to simplify discretionary order management. It provides a graphical interface on the chart, allowing users to execute trades with pre-defined risk parameters. The tool includes options for percentage-based risk calcu
This MetaTrader 5 expert advisor serves as a foundational template for building automated trading systems. The README is minimal, but the code provides a structured framework for beginners to implement custom entry and exit logic using price data and technical indicators. It includes examples of Exponential Moving Aver
This repository provides a collection of MetaTrader 5 expert advisors and indicators developed for experimental purposes. It features a range of trading systems, including standard MetaQuotes examples and custom implementations like NERV and RNN-based logic. The primary expert advisors utilize technical indicators such
TradeSync Transmitter is a MetaTrader 5 expert advisor designed to broadcast trading activity from a host terminal to external receivers. It functions as the transmitter component of a trade copying system, sending real-time trade requests and periodic position summaries to a remote server or local CSV files. The utili
Galaxy Trader is a collection of MetaTrader 5 expert advisors focused on trend following using the Ichimoku Kinko Hyo indicator. The primary component, Trend Catcher, monitors up to three distinct timeframes simultaneously to identify bullish or bearish market conditions. It executes trades based on cloud positions for
Trader Pad is a trade management utility for MetaTrader 5 designed to automate position exits and risk control after an entry is initiated. The software handles stop-loss and take-profit placement in ticks, providing advanced trailing stop logic and break-even functionality. It allows users to scale out of positions th
First Candle Breakout is a MetaTrader 5 expert advisor designed to trade the breakout of the high or low of the first candle within a specified period. While traditionally used with the first 60-minute candle, the software allows users to configure any timeframe for the initial range. The robot enters a buy position wh
This trade manager for MetaTrader 4 and 5 automatically adjusts the stop-loss levels of open positions using the Average True Range indicator. It allows users to define the trailing distance through a configurable ATR period and multiplier. The expert advisor includes filtering logic to apply the trailing stop only to
This utility synchronizes tick data and historical price information from MetaTrader 4 to MetaTrader 5 in real-time. It utilizes a socket communication library to transmit data between the two platforms, requiring an active expert advisor on both terminals. The receiver component creates custom symbols in the MetaTrade
PyMQL5 is a bridging tool that connects Python 3 environments with MetaTrader 5 via a UDP socket. The Expert Advisor functions as a local server, allowing external Python scripts to query historical time series data, current market prices, and account status. It provides comprehensive trading capabilities, enabling the
This MetaTrader 5 utility establishes a bridge between the trading platform and Python environments using socket communication. It operates as a client that connects to a specified server to exchange string data at regular intervals. The tool facilitates bi-directional data transmission, allowing users to send messages
This repository provides a software development kit and a collection of example Expert Advisors for MetaTrader 5 designed to work with custom tick and volume bar charts. It includes template robots that execute trades based on moving average crossovers or price action relative to moving averages on non-time-based chart
This MetaTrader 5 expert advisor functions as a communication bridge between the trading platform and a Telegram bot. It enables users to interact with MetaTrader 5 remotely by processing incoming messages and responding to specific commands. The tool uses a timer-based polling system to check for new messages, current
This framework provides MQL5 header files and example expert advisors designed to trade on non-time-based Range Bar charts within MetaTrader 5. It includes template robots for moving average crossovers and Super Trend strategies. The included code manages trade execution with configurable stop loss, take profit, break-
Elephant Walk is a MetaTrader 5 expert advisor based on the trading methodology of Oliver Velez. It automates entries using moving average crossovers and price action patterns often associated with large bars or elephant candles. The EA provides extensive trade management options, including trailing stops, break-even a
This visual trade management utility for MetaTrader 5 assists manual traders with order execution and risk management. It features interactive chart lines for entry, stop loss, and take profit levels, allowing for drag-and-drop price adjustments. The system automatically calculates position sizes based on a defined per
This expert advisor establishes a bidirectional TCP communication bridge between MetaTrader 5 and a Python-based server. It functions as a client that transmits real-time symbol data and bid prices to an external environment on every price change. The implementation utilizes the Windows Ws2_32 library and a dedicated s
This expert advisor is a utility for MetaTrader 4 and MetaTrader 5 designed to manage stop-loss levels for existing trades. It utilizes Bill Williams' Fractals indicator to dynamically adjust the stop loss as new fractal points form on the chart. Users can configure the number of bars to scan and specify which fractal
This repository contains a collection of MetaTrader 5 expert advisors based on popular technical indicators. The primary EA uses the Relative Strength Index to identify overbought and oversold conditions for trade entry. It manages risk through fixed stop loss and take profit settings, alongside a maximum position limi
RSI EA is a MetaTrader 5 robot designed to execute trades based on the Relative Strength Index indicator. It functions as a template for mean-reversion strategies, triggering entries when the indicator crosses specific overbought and oversold thresholds. The expert advisor features comprehensive risk controls, includin
This repository is a large collection of MetaTrader 5 expert advisors and indicators compiled for educational and research purposes. The library features various experimental scripts, with a notable focus on advanced machine learning methodologies including neural networks, reinforcement learning, and unsupervised algo
This MetaTrader 5 expert advisor functions as a bridge, transforming the trading terminal into a REST API server for external algorithmic systems. It allows developers to execute trades, manage open positions, and retrieve historical candlestick data or account information using standard HTTP requests. The tool support
This MetaTrader 5 expert advisor synchronizes trading activity between multiple terminal instances using a local file-based communication method. It features a dual-mode system where a master account writes current position data, including symbols, volumes, and price levels, to a binary file. Slave accounts monitor thi
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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