This automated expert advisor for MetaTrader 5 is specifically designed for the GBPJPY currency pair. It utilizes a breakout strategy based on psychological key price levels, which are adjustable in the settings. The bot filters entries using two Simple Moving Averages and the Average Directional Index to confirm trend
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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
This repository provides a collection of over fifty MetaTrader 4 expert advisors designed for testing algorithmic strategy combinations. Each robot follows a modular structure consisting of a baseline indicator, confirmation signals, and volatility filters. Common configurations include the Kijun-sen, RSI, and Waddah A
This MetaTrader 4 expert advisor focuses on identifying and trading trend reversals using price action patterns, specifically pin bars. It operates as an automated robot that monitors market conditions to execute entries based on reversal signals. The EA features an extensive graphical user interface that displays real
Santos HFT is an automated trading robot for MetaTrader 4 designed for high-frequency execution based on bid-ratio imbalances. The system analyzes price dynamics across multiple timeframes, specifically looking for percentage-based triggers on M1 through H4 intervals to identify entry points. It includes support for a
This MetaTrader 5 expert advisor executes trades around high-impact news events using data provided in a local text file. It monitors specified timeframes for liquidity grabs and trend direction defined by two exponential moving averages. The algorithm is designed to place orders shortly before scheduled news releases.
Forex Cruise System is a MetaTrader 4 expert advisor that executes a breakout strategy based on price movements during the US and European session openings. The robot identifies a price range within a specific morning time window and enters trades when price breaks beyond defined thresholds. It includes integrated risk
Forex MT4 Perfect is an automated trading expert advisor for MetaTrader 4 that utilizes a suite of technical indicators to execute and manage positions. The system integrates Cap Channel, Envelopes, and MACD indicators to identify market entries and exit signals. It features diverse position sizing methods, including f
This MetaTrader 5 expert advisor automates trading across multiple markets, with specific logic for Boom and Crash synthetic indices and standard currency pairs. For synthetic indices, it generates alerts and entries based on RSI and Stochastic levels on the M1 timeframe. For other symbols, it utilizes a crossover stra
Candle Moving Average Day Trade is a MetaTrader 5 expert advisor designed for automated intraday trading. The strategy uses an Exponential Moving Average (EMA) to determine market direction, triggering entries based on a specific number of candlesticks closing above or below the average. It features a tiered position s
The 24fx expert advisor for MetaTrader 4 automates trading based on external data updates and a specific hourly schedule. It manages trades through a state-based system, handling pending limit orders, market positions, and paused states. Risk management features include a choice between fixed lot sizes or percentage-ba
TradeExpert is a multi-functional expert advisor for MetaTrader 4 that combines technical indicator analysis with external data integration. It executes trades using market or limit orders across a wide range of forex pairs and cryptocurrencies. The system features a built-in news filter to manage volatility during eco
The Nova Ultimate Trade Panel is a comprehensive manual trading and management utility for MetaTrader 5. It provides a movable, dynamic interface for executing market and pending orders with precise control over lot sizing and risk levels. Users can adjust stop loss and take profit targets directly on the chart using d
MA Twister is a trend-following expert advisor for MetaTrader 5 that automates trade execution based on a triple moving average crossover strategy. It monitors three distinct moving average periods to identify bullish or bearish momentum. The bot includes specialized risk controls for prop firm challenges, such as dail
A trend-following trading robot for MetaTrader 5 that utilizes technical indicators and recovery lot scaling. It generates entry signals using a combination of the SuperTrend indicator, Exponential Moving Averages (EMA), and ADX filters. The expert advisor features a martingale-style lot multiplier that increases posit
This MetaTrader 5 expert advisor implements an automated reversal strategy centered on the Doji candlestick pattern. It utilizes a 200-period Exponential Moving Average to filter trend direction and the Relative Strength Index to identify overbought or oversold conditions for entry confirmation. The EA manages risk thr
This repository contains a collection of eight quantitative trading strategies implemented for MetaTrader 5. The core Rubber Band strategy uses custom volatility bands derived from a five-day range to identify mean-reversion opportunities. It enters trades when price deviates significantly from recent highs or lows and
This MetaTrader 4 expert advisor automates a trend reversal strategy based on price action patterns and technical indicator filters. It identifies potential entry points using ZigZag, MBFX, and SMA indicators, specifically targeting reversals or pinbars at key support and resistance levels. The software includes a mult
This Expert Advisor for MetaTrader 4 provides a graphical interface to streamline order placement and trade management. It automates the execution process by allowing users to define parameters for price levels, take profit, stop loss, and breakeven settings. The tool is optimized for USD-based currency pairs and accom
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
This expert advisor implements a latency arbitrage strategy across MetaTrader 4 and 5 platforms. It functions by comparing price data from a high-speed feed against a slower broker execution environment to identify price lags. When a significant price gap is detected, the system attempts to execute trades to capture th
This MetaTrader 4 expert advisor implements a trend-following strategy based on a dual Exponential Moving Average crossover. It is designed for higher timeframes such as H1, H4, and Daily charts. The robot manages trade entries via the crossover and exits positions using a combination of a fixed take profit and a trail
This repository contains a collection of MetaTrader 4 expert advisors based on classic technical analysis and price action patterns. The robots utilize various strategies such as engulfing candles, pinbars, Heikin Ashi trends, and moving average crossovers. Risk management settings across the files include stop loss, t
This MetaTrader 5 expert advisor serves as a template for multi-pair trading systems using a dual Moving Average crossover strategy. It is designed to execute trades across multiple symbols from a single chart based on a user-defined list of currency pairs. The EA includes risk management tools such as a trailing stop,
MultiTerminal MultiTrader is a multi-currency trading dashboard for MetaTrader 4. It enables traders to monitor and execute orders across a wide range of symbols from a single chart interface. The EA incorporates a signal system based on high and low percentage levels and provides a graphical interface with multiple di
Trading Dong is an automated MetaTrader 4 expert advisor developed as an academic capstone project. It analyzes market prices and executes trades based on a combination of three methodologies: Dominant Break, Supply and Demand zones, and Support and Resistance levels. The system includes visual indicators for drawing a
EA Sofia is an automated trading robot for MetaTrader 4 that implements a grid-based martingale strategy. It is designed to operate on the M5 timeframe, specifically targeting ranging currency pairs. The EA enters trades and manages positions by layering orders at fixed or incremental distances, using a multiplier to i
Forex Winner EA is an automated trading robot for MetaTrader 4 that utilizes Relative Strength Index boundaries and volatility calculations to identify entry points. It employs a martingale-style recovery strategy, using a lot multiplier to scale positions after losses. The EA includes risk management controls such as
This repository contains a collection of MetaTrader 4 automated trading tools, including a trade copier and several strategy-based expert advisors. The primary logic utilizes dual moving average crossovers combined with momentum filters and divergence checks to identify entries. It features comprehensive risk managemen
This MetaTrader 4 expert advisor executes trades based on a price-action strategy involving dynamic horizontal bands. The bot identifies entries by tracking price interactions with median levels and subsequent breakouts of upper or lower band boundaries, filtered by RSI indicator readings. It features automated risk ma
This MetaTrader 4 expert advisor implements a trend-following strategy based on the alignment or crossover of three distinct moving averages. Users can configure the period, method, and price source for fast, medium, and slow averages. The robot manages risk using dynamic stop loss and take profit levels calculated fro
This MetaTrader 5 expert advisor utilizes a trend-following strategy combining the MACD indicator with a 200-period Exponential Moving Average. It is designed to monitor and trade multiple forex pairs simultaneously from a single chart. The robot incorporates advanced money management, including ATR-based stop loss and
This MetaTrader 5 expert advisor implements a momentum-based trading strategy using the Relative Strength Index (RSI) and Exponential Moving Averages (EMA). It monitors RSI levels against configurable upper and lower thresholds to trigger market entries and exits. The robot manages risk through fixed stop loss and take
HFT Illusion is a MetaTrader 4 expert advisor that employs a multi-factor trigger system based on market sentiment and volatility metrics. It evaluates data points including BidRatio, Buy/Sell Ratio, Relative Strength, and Average Daily Range across various timeframes to identify trade entries. The robot supports autom
This MetaTrader 4 expert advisor automates a trend reversal strategy based on price action patterns and technical indicators like ZigZag, MBFX, and Moving Averages. It features a dashboard to monitor multiple pairs, identifying setups such as pin bars and trendline breaks near support and resistance levels. Trade manag
This MetaTrader 4 expert advisor executes two distinct intraday strategies focused on the GBPUSD pair. The first approach identifies price deviations from the daily open, while the second targets retracements from specific daily range extensions. The robot manages multiple position types, including primary and extra or
This MetaTrader 4 repository provides a collection of legacy expert advisors, headlined by the MegaDroid Pro XE. These files are curated for educational study and represent older MQL4 development styles. The main robot is a session-based scalper designed for specific forex pairs like EURUSD. It includes specialized ris
MintyGrid is an automated trading robot for MetaTrader 5 that employs a grid-based strategy without relying on technical indicators or market averages. It enters positions immediately and manages losing trades by layering additional orders at specific intervals. The expert advisor utilizes martingale and reverse-martin
This MetaTrader 4 expert advisor acts as an information relay tool, sending market sentiment reports directly to a Telegram chat. It monitors major currency pairs and allows for custom symbol mapping, such as linking indices or commodities to specific broker tickers. The EA utilizes a Telegram bot token and chat ID for
This MetaTrader 5 collection features expert advisors tailored for the Brazilian stock and futures market, specifically focusing on mini-contracts. One robot implements tape reading logic by monitoring market book volume imbalances, while another executes trades based on moving average crossovers. Each system incorpora
This MetaTrader 4 expert advisor implements the No Nonsense Forex (NNFX) algorithmic trading strategy. It utilizes a multi-layered approach for trade entries, incorporating a primary confirmation indicator, a secondary confirmation indicator, a volume filter, and a baseline for trend direction. The bot includes risk ma
This repository contains a diverse collection of MetaTrader 5 expert advisors and technical utilities. It features a three-dimensional correlation matrix visualizer for analyzing price relationships across multiple currency pairs simultaneously. The collection includes various automated trading robots based on technica
This repository contains a collection of MetaTrader 5 expert advisors developed for strategy experimentation and technical analysis. The robots utilize various technical indicators, including Moving Averages, MACD, Parabolic SAR, and RSI for trade entries. Risk management is handled through configurable stop loss and t
Vega Bot is a MetaTrader 4 expert advisor that executes trades using a price action strategy combined with technical filters like RSI, MACD, and Ichimoku Kumo Cloud. Developed for the EURUSD five-minute timeframe, the system uses ATR for volatility measurement and calculates lot sizes based on a risk percentage. The co
This MetaTrader 5 expert advisor is an experimental project developed to automate trading using technical indicators for trend and momentum analysis. The system incorporates a 100-period Exponential Moving Average (EMA), MACD, and Average True Range (ATR) for entry signals and trade management. It features built-in ris
This MetaTrader 4 expert advisor implements a multi-timeframe trading strategy focused on price wave analysis and trendline rebounds. It monitors market deviations across M1, M5, and M15 intervals to identify entry points based on specific wave patterns. The system includes various risk controls such as fixed stop loss
Forex Trading Robot is a collection of MetaTrader 5 expert advisors that implement various technical strategies, including trend-following and hedging approaches. The core logic utilizes Exponential Moving Averages and the Average True Range indicator to identify market volatility. It employs a martingale lot scaling s
This MetaTrader 5 expert advisor is a quantitative trading framework that integrates eight distinct strategies into a single controller. It manages automated entries and exits for various systems while monitoring overall currency exposure to maintain risk within a defined limit. The EA is specifically designed for Fore
This MetaTrader 4 expert advisor enables remote trade execution and management via a Telegram bot interface. It allows users to place market orders with pre-defined risk parameters, automatically calculating position sizes as a fixed percentage of the account balance. The utility supports specific stop loss and take pr
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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