This repository provides a collection of Expert Advisors for MetaTrader 5 and Python trading scripts developed for an educational YouTube series. It features various technical indicator-based strategies, including MACD, Relative Strength Index, Stochastic, and Bollinger Bands. The included MQL5 files implement multi-ti
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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 7Trade managerRisk & protectionNews tradingCopier & bridgeFramework & templateCollection 5Utility
Strategy
Trend followingBreakout 5Scalping 3GridMartingale 1Hedging 1Mean reversionSMC / ICT / price action 1Indicator crossover 4ArbitrageAI / machine learningNewsMulti-strategy 5
This repository provides a diverse collection of MetaTrader 5 expert advisors focusing on technical indicator automation. The core component aggregates signals from a wide array of standard tools, including trend-following moving averages, oscillators like RSI and MACD, and Bill Williams indicators. It includes specifi
This algorithmic scalping robot for MetaTrader 4 and 5 uses a five-factor confluence engine to identify trade entries. It monitors RSI extremes, Bollinger Band breakouts, MACD momentum, EMA ribbons, and volume acceleration. The EA employs percentage-based risk management with a strict stop loss and a flexible take prof
WannaBeQuant Strategy Selection is a multi-strategy expert advisor for MetaTrader 5 designed to trade cryptocurrency and equity markets. It combines six distinct trading logic modules, including Ichimoku trend following, mean reversion, and breakout strategies. The EA executes on a timer-based loop rather than every ti
This multi-asset MetaTrader 5 expert advisor is designed for gold, forex, and cryptocurrency markets, specifically XAUUSD, GBPUSD, and BTCUSD. It focuses on a single-position approach, explicitly avoiding grid or martingale techniques. Trade entries are managed through session filters for London and New York and are pr
This repository is a collection of MetaTrader 5 expert advisors focusing on quantitative research and price action strategies. It includes implementations of Smart Money Concepts and Inner Circle Trader methods, such as Order Blocks, Fair Value Gaps, and liquidity sweeps. Other components feature Ichimoku Kinko Hyo tre
This MetaTrader 5 repository contains a collection of expert advisors centered on opening range breakouts and statistical mean reversion. The primary breakout tool defines trading zones based on specific time intervals and executes trades using price bias or candle closes. It incorporates robust risk management feature
Gold FX EA is a multi-asset trading robot for MetaTrader 5 that functions as a modular framework for various technical strategies. It allows users to toggle specific modules for forex, gold, silver, cryptocurrencies, and commodities. Strategies include trend following with moving averages, Bollinger Band mean reversion
Enhanced EA is an automated trading robot for MetaTrader 5 that combines Relative Strength Index, Bollinger Bands, and Moving Average Convergence Divergence indicators to generate signals. The expert advisor includes an optional trend filter based on a 200-period moving average to align entries with the long-term marke
This MetaTrader 5 expert advisor provides an automated trading system designed for Forex, Bitcoin, Gold, and various indices. It employs technical analysis filters including RSI levels and Moving Average price distance to identify entries. Risk management features include flexible lot sizing based on account equity or
Phantom Edge is a MetaTrader 5 expert advisor primarily designed for trading BTCUSD. It identifies entries using a combination of technical indicators, including RSI, MACD, and SMA, while validating setups through multi-timeframe analysis of M15 liquidity sweeps and M30 trend breaks. The EA features comprehensive trade
This repository contains a collection of MetaTrader 5 expert advisors created to test various trading concepts. The included bots trade diverse markets, utilizing indicators like moving averages, Bollinger Bands, Stochastic, and VWAP. The primary highlighted expert advisor executes trend-following trades on gold using
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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