This automated expert advisor for MetaTrader 4 and MetaTrader 5 utilizes a strategy inspired by the Never Losing Formula. It employs technical indicators including the Stochastic Oscillator, Relative Vigor Index, and Envelopes to identify market entries. To manage trades, the EA incorporates a secondary entry mechanism
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Expert Advisor Library
1,977 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Strategy
This repository contains a large collection of over fifty MetaTrader 4 expert advisors, many of which are generated using the fxDreema visual development platform. The library covers a diverse range of strategies including gold scalping, candle-based robots, news filters, and grid management tools. Risk controls vary b
This MetaTrader 4 expert advisor implements a multi-indicator trading system primarily based on moving averages and Ichimoku Kinko Hyo components. It monitors price action relative to multiple timeframes, including D1, H4, and H1 high and low levels. The system features automated order execution with built-in trailing
This MetaTrader 4 repository hosts a collection of expert advisors based on a standardized automated trading template. The source files are tailored for EURUSD on the M15 timeframe, offering a modular structure for integrating custom entry and exit signals. It includes comprehensive risk management settings, allowing u
Trends Followers is a MetaTrader 4 expert advisor that executes trades based on trend analysis, support and resistance levels, and news events. The robot manages entries using a trend-following approach and allows users to set a minimum trade duration to avoid premature exits. It includes risk management controls to li
Quantatech Securities FX provides two distinct expert advisors for MetaTrader 4, focusing on trend-following and momentum strategies. The primary MACD robot identifies entries using signal line crossovers filtered by an exponential moving average. It manages risk through fixed lot sizing with account margin checks, a s
This repository contains a collection of MetaTrader 5 Expert Advisors and graphical tools. It includes several technical strategy robots based on Relative Strength Index crossovers, Bollinger Bands, and Moving Averages. Additionally, it features advanced 3D visualization utilities such as a correlation matrix and a mat
This repository is a collection of several MetaTrader 4 expert advisors, including robots based on RSI and MACD crossovers, engulfing patterns, and pending order strategies. The primary code provided utilizes a combination of the Relative Strength Index (RSI) for overbought and oversold detection and Moving Average Con
This MetaTrader 4 expert advisor implements a strategy combining trend-following moving averages with the Relative Strength Index for entry timing. The robot initiates buy orders when a fast moving average sits above a slow moving average, provided the RSI reflects an oversold state and price action confirms the moment
XRL8 Bot is a MetaTrader 4 expert advisor designed for automated forex trading based on a simple moving average crossover system. The robot monitors price action to identify entries when a fast-period moving average crosses a slow-period moving average. It manages trades using fixed stop loss and take profit targets de
This MetaTrader 4 expert advisor implements a correlation-based trading strategy focused on the seven major currency groups. It utilizes the Auto Trend Forecaster custom indicator to identify market trends across multiple currency pairs simultaneously. The system monitors the aggregate profit and loss of specific curre
This MetaTrader 4 expert advisor implements a latency arbitrage strategy by monitoring price discrepancies across multiple ECN brokers and liquidity pools. It tracks bid and ask prices for twenty-three currency pairs in a high-speed loop, identifying instances where prices diverge significantly across different platfor
This MetaTrader 4 expert advisor is a sample trading robot generated by StrategyQuant X. It utilizes the Williams Percent Range indicator for entry signals and incorporates Average True Range components for volatility measurement. The system employs fixed lot sizing and includes risk management features such as a hard
This MetaTrader 4 expert advisor is a trend-following robot developed as an academic project for an object-oriented programming course. The system combines Exponential Moving Averages and ZigZag indicators to determine trade entries and manage positions. It features basic risk controls including a user-defined maximum
This MetaTrader 5 repository provides a collection of expert advisors and analytical tools focused on technical analysis and visualization. The primary utility is a 3D correlation matrix that calculates and displays the relationships between multiple currency pairs using DirectX rendering. The repository also includes
This MetaTrader 4 expert advisor is an automated trading robot specifically developed for the GBPNZD currency pair on the M15 timeframe. Generated using the EA Studio software, the strategy utilizes Bollinger Bands as its primary technical indicator to determine market entries and exits. The code includes built-in risk
This automated trading robot is designed specifically for the AUDJPY currency pair on the H1 timeframe for MetaTrader 4. Developed using the Expert Advisor Studio platform, the software utilizes a combination of directional and volume indicators to identify entry and exit points. It incorporates standard risk managemen
This MetaTrader 4 expert advisor implements a counter-trend strategy based on RSI trendline breakouts and price prediction indicators. It enters trades when the RSI breaks out of support or resistance lines and manages positions using a grid-based approach. The system layers limit and stop orders at fixed intervals, em
This MetaTrader 4 expert advisor implements an automated trading strategy based on the Bollinger Bands indicator. It monitors price positions relative to the upper, lower, and middle bands on the H1 timeframe. The EA uses a series of threshold parameters to determine entry and exit points, as well as the deletion of or
Auto Zone Trader is a MetaTrader 4 expert advisor that automates trade execution based on manually identified price zones and technical candlestick patterns. Users specify potential reversal areas by placing horizontal lines labeled for buy or sell zones on the chart. The robot monitors these levels and triggers an ord
This MetaTrader 4 expert advisor provides automated forex trading using a grid-based strategy. The robot enters trades based on time-restricted windows and manages them using a martingale lot scaling mechanism. Users can configure the lot multiplier, the distance between grid levels, and a maximum level limit. For risk
The US30 US500 Trading Collection for MetaTrader 5 provides a variety of expert advisors and analytical utilities. Although the repository name indicates a focus on major indices, it primarily contains standard technical indicator examples such as MACD, Moving Average, and Parabolic SAR. A notable component is a 3D cor
Ea Scalp Three is an automated scalping robot for MetaTrader 4 that uses recent price action to determine market direction. It analyzes the closing prices of the three most recent candles on the one-minute timeframe to detect momentum. The software opens a buy position when bullish momentum is identified and a sell pos
This MetaTrader 5 expert advisor executes a grid-based trading strategy, specifically tailored for gold but applicable to other instruments. It functions by opening initial buy and sell positions and subsequently placing a sequence of limit orders at specified intervals. The system manages risk through a configurable g
This repository provides a collection of MetaTrader 4 expert advisors designed for forex and digital markets. The primary expert advisor implements a breakout strategy by placing buy and sell stop orders at a specific distance from the previous day's high and low prices. It includes automated trade management features
This MetaTrader 4 robot automates a breakout strategy focused on the London and New York trading sessions. It identifies price ranges over a set number of bars and executes trades when price breaks above or below these levels. The EA includes an Exponential Moving Average filter to align trades with the prevailing tren
This repository is a collection of Expert Advisors for MetaTrader 5, providing several distinct automated strategies such as range trading, ZigZag-based signals, and Fibonacci targets. The primary robot executes trades based on Moving Average calculations and specific intraday session times. It manages risk through fix
This MetaTrader 4 expert advisor is designed to capture price trends by combining moving average crossovers with momentum oscillators. It monitors fast and slow moving averages for entry signals while utilizing a long-term trend moving average as a directional filter. The Relative Strength Index is incorporated to vali
This MetaTrader 4 expert advisor automates an inside bar momentum strategy based on price action patterns. It identifies dual candlestick formations where the second bar's range is entirely contained within the high and low of the mother bar. The robot monitors the four-hour timeframe to detect volatility contractions
This repository provides a collection of MetaTrader 4 expert advisors centered on trend-following and hedging mechanics. The primary Trend EA identifies market entries using moving average crossovers, stochastic oscillators, and MACD indicators. Risk is managed through percentage-based equity lot sizing and pair-specif
This MetaTrader 4 expert advisor functions as a semi-automatic trading assistant designed to automate lot sizing and position management. It calculates position sizes based on the user account balance, a target interest rate, and a specific pips distance. The tool provides manual execution buttons for immediate buy and
This repository provides a collection of MetaTrader 5 expert advisors focused on technical indicator strategies. The primary expert advisor implements a trend-following approach using the Average Directional Index to identify momentum and Exponential Moving Averages for entry signals. Risk management is handled through
This MetaTrader 5 framework provides tools for integrating machine learning models with algorithmic trading. It features scripts designed to generate training data by exporting price action and technical indicators like RSI, MACD, and Stochastics into CSV formats. The system interfaces with external neural network mode
This MetaTrader 4 expert advisor implements a multi-strategy framework for automated trading across various symbols. It incorporates several technical entry signals, including Ichimoku, Bollinger Bands, and ADX-filtered logic. The EA provides multiple trade management options, explicitly including martingale lot scalin
This repository contains a collection of MetaTrader 4 expert advisors, primarily focused on grid and martingale strategies. The featured Ilan-TrioKS system uses automated lot scaling with a multiplier to manage series of trades. It opens positions at fixed pip intervals and aims to exit the entire basket at a calculate
This MetaTrader 4 expert advisor implements a zone-based hedging strategy using predefined price levels. The robot monitors specific price thresholds—defined as ceiling, middle, and floor—to manage order entries. It utilizes a timer-driven event system to evaluate trade conditions and manage positions. Risk control is
This MetaTrader 4 expert advisor utilizes a modular approach to automated trading, offering multiple selectable strategies including trend-following, RSI mean-reversion, and moving average crossovers. It calculates entries using indicators like ADX, Stochastic, and Hull Moving Averages. Risk management is handled throu
This MetaTrader 4 repository contains a collection of automated trading scripts designed for the foreign exchange market. The primary robots include Mover, which utilizes moving average crossovers to identify trends, and Cristos, which focuses on market openings and news events. The collection also features a semi-auto
This MetaTrader 4 expert advisor acts as a multi-symbol scanner that monitors the Relative Strength Index and Money Flow Index indicators. It evaluates market conditions across six timeframes simultaneously, ranging from one-minute to four-hour charts. The logic triggers when both indicators reach specific overbought o
Box Trader is a MetaTrader 5 utility designed to visualize price levels directly on the trading terminal. The expert advisor automatically generates horizontal lines on the chart that track real-time price movements, specifically following the Bid and Ask levels. Users can modify various visual parameters including lin
This MetaTrader 4 expert advisor automates binary options trading for the Intrade.bar broker. It functions as a signal generator and bridge, utilizing a dual Bollinger Band strategy to identify entry points. The EA communicates with an external C++ console application via a named pipe to execute trades through a REST A
MT5 Line Level Trader is a utility for MetaTrader 5 designed to manage trades based on price levels or lines drawn on the chart. The expert advisor includes specialized logic to handle point calculations and digit adjustments for a variety of symbols, specifically addressing forex pairs, gold, and major indices like th
Ultima is a trend-following expert advisor for MetaTrader 4 that utilizes moving average crossovers and the Average Directional Index to identify market momentum. Generated via a template builder, it monitors the relationship between multiple exponential moving averages and a long-term simple moving average. The EA inc
PTL EA is a MetaTrader 4 expert advisor that monitors financial markets for technical trade setups using price action and trend analysis. It evaluates market conditions across various instruments, including forex pairs, gold, and global indices, by identifying candlestick patterns and key support and resistance zones.
This MetaTrader 4 expert advisor implements a mean-reversion strategy using the Relative Strength Index. It monitors for overbought conditions above 70 and oversold conditions below 30 to trigger trade entries. When a signal occurs, the EA clears existing pending orders of the opposite type and places a batch of thirty
Jaibot is a MetaTrader 4 expert advisor designed for scalping on the M15 timeframe. The software monitors a wide range of forex pairs, scanning for opportunities every five minutes via a timer-based function. It includes built-in Telegram integration using an external library to provide remote notifications and status
This MetaTrader 4 repository provides a collection of expert advisors, featuring the IBandEA system designed for gold trading on the 5-minute timeframe. The robot executes trades based on price deviations from a central indicator line and specific candle high-low ranges. It incorporates risk management through a lot si
This MetaTrader 4 expert advisor executes a strategy based on the 200-period Exponential Moving Average. It identifies potential entries when price action deviates from the EMA, specifically seeking bearish candles below the average for buy orders and bullish candles above the average for sell orders. The robot include
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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