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
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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 37Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 6Collection 8Utility 5
Strategy
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 contains a collection of MetaTrader 4 expert advisors focusing on technical analysis and pattern recognition. The included tools range from robots utilizing Volume Spread Analysis (VSA) and fractal-based trend detection to indicators like NeuroMACD and ACD patterns. The primary EA uses ZigZag and fracta
The Strat MT4 EA is an experimental automated trading system designed for MetaTrader 4 based on The Strat price action framework. It utilizes candle classifications, specifically types 1, 2, and 3, to identify potential market reversals and continuations. The robot features flexible money management, allowing users to
Price Action Expert is a MetaTrader 4 robot that automates trade execution by combining Fibonacci levels with candlestick pattern analysis. The EA identifies the prevailing market trend through Fibonacci ratios and seeks entry signals using pin bars, engulfing patterns, and morning star formations. It features automate
This Expert Advisor for MetaTrader 5 automates trading based on Smart Money Concepts. It identifies market structure shifts such as Break of Structure and Change of Character to find entry points. The robot supports various setups including Fair Value Gap retests, Swing Failure Patterns, and breakout entries. Risk cont
OrderBlock Auto Extend is a MetaTrader 4 utility designed to automate the maintenance of manual chart markings. It scans for rectangle objects commonly used to represent supply and demand zones or order blocks. When a zone is identified by its color, the tool extends the rectangle's time coordinate to the most recent c
This MetaTrader 4 collection provides several scripts designed to analyze price action and candlestick patterns. It includes modules for moving average crossovers, Bollinger Bands, and a specialized candlestick analysis tool. The software identifies specific formations such as hammers, dojis, and engulfing candles by c
This MetaTrader 4 expert advisor implements a price action strategy based on candlestick engulfing patterns. It identifies bullish and bearish formations to enter long or short positions automatically. The bot manages active trades by closing existing positions whenever a new opposing signal is detected, effectively re
This repository contains a collection of expert advisors for the MetaTrader 4 platform. The primary strategy, BearishEngulfing, utilizes price action to identify specific candlestick patterns for executing sell orders. It includes essential risk management parameters such as fixed lot sizing, stop loss, take profit, an
Mql5 Pro is a comprehensive development framework and template collection for MetaTrader 5, specifically optimized for AI-assisted coding and Pine Script conversion. It provides standardized structures for creating Expert Advisors, custom indicators, and graphical user interfaces. The system includes built-in risk mana
This automated trading robot for MetaTrader 5 implements Smart Money Concepts (SMC) and ICT principles using a hybrid architecture. Trading logic and signal detection are processed within a native C++ DLL, while the MQL5 bridge handles trade execution and data feeding. The system identifies market structure shifts, inc
This MetaTrader 5 repository provides a diverse collection of automated trading systems, including tools for supply and demand, news fetching, and price action strategies. The primary expert advisor utilizes moving average crossovers and momentum filters to identify market pullbacks. It incorporates trade management fe
Copilot is a MetaTrader 4 expert advisor designed to replicate human price action analysis through market structure mapping. The robot identifies swing highs and lows, representing them as a graph of nodes to track trends, impulses, and retracements. It incorporates higher time frame support and resistance levels into
This MetaTrader 5 expert advisor implements Smart Money Concepts (SMC) by identifying liquidity sweeps and premium or discount zones. It detects buy-side and sell-side liquidity levels, looking for price sweeps followed by retest entries. The robot manages trades using a fixed risk-to-reward ratio, trailing stops, and
This MetaTrader 5 framework provides a modular library for technical analysis, including candle pattern detection, support and resistance levels, and Fibonacci calculations. The repository includes an expert advisor that implements ZigZag-based wave analysis to identify market structure and chart patterns. It features
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
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
Otto EA is a MetaTrader 5 expert advisor ported from Pine Script, designed for institutional-style trading and price action analysis. It utilizes a proprietary Wick1+Wick2 support and resistance block methodology to identify market structure and potential entry points. The system includes a sophisticated trade manageme
This MetaTrader 5 expert advisor is a component of the MT5-AI ecosystem, designed to interface with Python gateways and Telegram signals. The robot processes external signals to identify specific candle patterns and automatically plot Fibonacci retracement levels on the chart. It features multiple operational modes inc
Kaybambodlabfx SMC is a MetaTrader 5 expert advisor that executes trades based on market regime classification and Smart Money Concepts (SMC). The system employs a multi-timeframe approach, scanning structures from the daily chart down to one-minute intervals to establish a master bias. It uses ADX, ATR, and swing poin
This MetaTrader 5 expert advisor automates market structure analysis based on Smart Money Concepts. It identifies key technical events including Change of Character, Break of Structure, and Inducements across two synchronized timeframes. The tool maps Point of Interest zones, distinguishing between extreme and decision
This MetaTrader 5 expert advisor automates trade entries based on price action and Smart Money Concepts. It monitors for liquidity sweeps followed by market structure shifts and retests of Fair Value Gaps or Order Blocks. The system manages risk using fixed risk-to-reward ratios, stop loss buffers, and time-based exits
ITIP is an advanced multi-component expert advisor for MetaTrader 5 that connects the terminal to external AI and simulation modules. It utilizes a modular architecture to track smart money structure, including order blocks and fair value gaps, alongside RSI divergence signals across multiple timeframes. The platform h
This MetaTrader 5 expert advisor executes trades based on price action and momentum patterns, specifically identifying strong candles relative to their recent average range. The logic incorporates Fair Value Gap (FVG) detection and moving averages to filter entries. It includes automated risk management with percentage
This Expert Advisor for MetaTrader 5 implements trading logic based on Smart Money Concepts, specifically the ICT 2022 mentorship model. It automatically identifies market structures such as Fair Value Gaps, fractals, and rejection blocks across multiple timeframes to locate entries. The system includes a time-based fi
Gartal Inc is a modular trading automation framework and strategy development template for MetaTrader 4. It provides a structured environment for testing various entry and exit logic, including Fair Value Gaps, moving average crossovers, and Donchian channels. The repository focuses on backtesting workflows, featuring
ZoneTrader Pro is an automated trading robot for MetaTrader 5 that identifies and trades supply and demand zones based on price context. It features a granular session filter allowing users to enable or disable trading for specific hours of the day. The EA manages risk through a daily profit and loss protector, a news
This MetaTrader 5 collection features several expert advisors, with a primary focus on the ICT v2 robot. The main strategy implements Smart Money Concepts, identifying Market Structure Shifts, Fair Value Gaps, and Liquidity Sweeps across high, medium, and low timeframes. It automates entries on price retracements with
This MetaTrader 5 repository contains a collection of automated trading systems, including SignalRobot, OrderBlockRobot, and Smart HHMA Robot. The primary SignalRobot expert uses Triple Exponential Moving Average (TEMA) and noise filters to generate trade signals. It includes a risk management module that calculates lo
OrderFlow Alpha is a MetaTrader 5 expert advisor designed for Auction Market Theory and order flow analysis. It generates footprint charts directly on the platform, visualizing volume, delta, and bid-ask clusters per price level. The EA identifies key market structures such as Point of Control, Value Area, and high or
AIME is a MetaTrader 5 Expert Advisor that automates trading using Inner Circle Trader (ICT) methodologies. The robot enters trades by evaluating smart money concepts such as fair value gaps, order blocks, and liquidity levels during specific session killzones. It features distinct strategies including the Unicorn mode
This MetaTrader 5 robot executes trades based on price behavior and technical indicators. It utilizes the Relative Strength Index to identify overbought and oversold conditions while incorporating breakout and candle pattern logic. The expert advisor includes flexible risk management, offering fixed lot sizes or percen
This MetaTrader 5 expert advisor serves as an educational framework for developing trading robots using object-oriented programming. It demonstrates how to organize trading logic into modular classes for symbol handling, order execution, and strategy management. The EA incorporates two distinct price action strategies
Rhythm Ultra is an automated price action strategy constructor for MetaTrader 5. It enables traders to automate entries based on Smart Money Concepts and ICT principles, including Order Blocks, Fair Value Gaps, breakers, and liquidity sweeps. The EA manages risk through multi-timeframe trend synchronization, partial ta
Liquidity Trap EA is an automated trading robot for MetaTrader 5 that identifies price action setups near swing points. It detects specific candle formations using wick-to-body and body-to-average-bar ratios to enter trades based on perceived liquidity traps. The system incorporates trend filters through moving average
This expert advisor for MetaTrader 5 implements a trading strategy based on Fair Value Gaps, often associated with Smart Money Concepts. It identifies price imbalances using a custom external indicator and executes market orders when the pattern is detected. Risk management features include a fixed lot sizing model, a
This MetaTrader 5 expert advisor automates trading based on supply and demand zones. It identifies potential support and resistance areas using a configurable lookback period and a minimum number of price touches to confirm zone strength. The robot enters long positions in demand zones and short positions in supply zon
This MetaTrader 5 expert advisor implements a multi-strategy approach based on price action and market structure concepts. It utilizes higher timeframe trend identification via a 200-period Simple Moving Average and seeks entry points on lower timeframes using a 50-period SMA and support or resistance levels. The logic
This MetaTrader 4 expert advisor implements a price action strategy focused on identifying pin bar formations. It screens for candles where the tail is at least three times the length of the body and touches an 8-period simple moving average. The EA utilizes a trend filter by calculating the slope of the moving average
This MetaTrader 5 expert advisor identifies market structure shifts by detecting swing highs and lows using historical and current price action. The tool monitors price movement to find points where current candles exceed neighboring bars, subsequently marking these swing levels on the chart. It focuses on identifying
This collection of MetaTrader 5 tools focuses on automated market structure analysis and Smart Money Concepts. It provides modular templates for detecting swing points, identifying Breaks of Structure (BOS), and mapping price action across multiple timeframes. The codebase includes logic for Fair Value Gaps and Premium
This MetaTrader 4 expert advisor automates trading based on liquidity and market structure concepts. It identifies price action landmarks like higher highs, higher lows, lower lows, and lower highs to determine current trend or ranging states. The robot executes trades with distinct stop loss and take profit settings f
Hunt Level EA is a MetaTrader 5 expert advisor that identifies trading opportunities based on price action candle formations and swing level analysis. The robot specifically searches for hunted swing points by evaluating candle shadow lengths relative to body size and checking historical price swings. It incorporates a
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
This MetaTrader 5 tool identifies specific candlestick patterns including Marubozu, Hammer, Inverted Hammer, Hanging Man, and Shooting Star. It functions as an analytical utility rather than an automated trading robot, drawing vertical lines on the chart when specific patterns are detected based on the relative size of
This MetaTrader 4 utility serves as a visual aid for traders focusing on price action and candlestick patterns. It displays the current bid price and utilizes on-chart labels to highlight specific technical formations, such as Doji candles, helping users recognize market setups. The tool operates by creating graphical
Vela Martillo is a MetaTrader 4 expert advisor that identifies hammer and shooting star candlestick patterns through price action analysis. It evaluates the ratio of candle wicks to the total range using a configurable spike percentage threshold. The robot monitors new bar formations to detect potential reversals and f
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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