This repository contains a collection of MetaTrader 4 expert advisors designed for automated forex trading. The robots implement a loss-recovery mechanism that scales lot sizes based on the cumulative deficit of previous losing trades. Each EA includes adjustable parameters for stop loss and take profit targets to mana
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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
Strategy
This MetaTrader 4 expert advisor executes trades based on price movement relative to a specific daily start hour. It functions by comparing current prices to historical hourly opens, seeking specific pip deviations to trigger entries. The EA includes risk management features such as fixed lot sizing, hard stop loss, ta
This MetaTrader 4 expert advisor automates trading using a Moving Average crossover strategy, specifically configured for the GBPUSD pair on fifteen-minute charts. It enters positions based on dual indicator signals and manages them through a combination of money-based take profit targets and lot size scaling. The syst
Adeline SMA Crossover is a MetaTrader 4 expert advisor that automates trading based on Simple Moving Average (SMA) crossover signals. The repository provides two versions of the strategy, utilizing SMA 40 and SMA 70 periods to identify trend shifts. The robot enters trades when a short-term moving average crosses the l
JCS Patterns is an experimental MetaTrader 4 expert advisor designed to detect and trade bullish engulfing patterns. It serves primarily as a template for further development, entering trades based on specific Japanese candlestick formations. The robot includes a trailing stop mechanism and comprehensive logging capabi
Make Money is a MetaTrader 5 trading robot specifically configured for the EURUSD currency pair. The expert advisor utilizes standard MQL5 library classes to monitor account status, symbol properties, and open positions. It tracks price data at minute intervals and incorporates a 25-period moving average reference for
Price Less EA is an automated trading robot for the MetaTrader 4 platform that implements a grid-based recovery strategy. It combines moving average crossovers for entry timing with a multi-level position layering system. The robot initiates trades and scales lot sizes using step-based increments at fixed distances. It
A MetaTrader 4 expert advisor collection primarily focused on range breakout and BBMA strategies. The breakout EA identifies price ranges within a specific time window, executing trades based on price movement outside these boundaries. It includes risk management features such as stop loss, take profit with step-based
This repository contains five MetaTrader 4 Expert Advisors focused on technical indicator strategies. The robots implement multi-timeframe stochastic logic, single exponential moving average crosses for mean reversion or trend following, and classic dual moving average crossovers. Each system manages its own exits thro
This collection for MetaTrader 4 and 5 features the Guangying multi-symbol expert advisor alongside various utility tools and martingale-based robots. The primary system monitors multiple forex pairs and gold from a single chart using Fibonacci-derived logic for trade entries. It includes risk controls such as equity d
Angry Bird is a MetaTrader 4 expert advisor based on the Ilan 1.6 architecture, utilizing a mean-reversion strategy combined with aggressive risk management. The EA enters trades based on Relative Strength Index (RSI) levels to identify overextended price movements. It employs an exponential martingale lot scaling syst
This MetaTrader 5 expert advisor is a research-oriented reinforcement learning system implemented natively in MQL5. It utilizes a Deep Q-Network to make trading decisions based on market states derived from technical indicators, volatility, and supply-demand zones. The system manages trades using a grid-based basket ap
XSpark is a modular automated trading framework for MetaTrader 5 that prioritizes capital protection and risk management. It includes a collection of distinct Expert Advisors covering various methodologies: a trend-pullback scalper, candle momentum tracking, Smart Money Concepts (SMC), and ICT liquidity models. The sys
This MetaTrader 5 expert advisor utilizes Smart Money Concepts and institutional trading principles to trade Gold and major Forex pairs. It employs a multi-agent confluence scoring system that evaluates market structure, liquidity sweeps, fair value gaps, and EMA trends before entering trades. The system filters entrie
Raven Cost Averaging is a multi-currency grid robot for MetaTrader 5 designed to trade seven major forex pairs from a single chart. The system employs a hedging strategy, opening initial buy and sell positions and layering subsequent trades at fixed pip distances. It includes an optional M15 SMA 200 filter for primary
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
This MetaTrader 5 expert advisor utilizes Smart Money Concepts and pure price action to execute trades without traditional technical indicators. By analyzing raw candle data, it identifies market structures, order blocks, and various fair value gaps. The system includes multiple versions, ranging from simple price acti
MATE Apex Scalper is a MetaTrader 5 expert advisor designed for scalping major forex pairs and gold. It employs a multi-symbol confluence strategy, filtering entries based on triple exponential moving average alignment, RSI levels, and Bollinger Band rejections on the M5 and M15 timeframes. The robot manages trades usi
This MetaTrader 5 expert advisor functions as a specialized data utility for exporting broker-specific market data to external files. It records historical M1 and M5 bar data and periodically snapshots live bid and ask spreads to CSV format. The tool is designed to support research pipelines by providing exact pricing
This repository contains a collection of MetaTrader 5 expert advisors designed for a quantitative trading seminar by QRT Solutions. It includes multiple models such as US opening gap momentum, opening range breakouts, and SMA-based gold strategies. Each robot features professional risk management components including t
This MetaTrader 5 repository provides a collection of seventeen quantitative trading strategies designed for educational and research purposes. The primary expert advisor implements a US opening gap momentum strategy, utilizing ATR-based gap thresholds and Z-Score volatility regime detection to identify entry points. R
This MetaTrader 5 expert advisor employs a regime-adaptive strategy using the Hurst exponent to distinguish between trending and ranging market conditions. It performs dual timeframe analysis, typically executing on the H1 timeframe while monitoring H4 for broader context. The system incorporates technical indicators s
Arko Risk is an open-source position and risk management utility designed for MetaTrader 5, particularly suited for scalpers and prop firm traders. It does not generate trade signals but provides a graphical interface for designing limit orders with visual entry, stop loss, and take profit lines. The expert manages act
NeoFL is a collection of modular MetaTrader 5 trading robots built on a shared algorithmic architecture. The library includes specialized engines for gold, forex, and candle level revisits. The primary Candle Revisit EA uses M5 price action analysis for entries while employing an M1 observer for trade protection. It ma
This repository features a collection of MetaTrader 5 Expert Advisors developed for strategy and risk-management research. It includes a multi-pair mean reversion grid system, a gold breakout robot using previous day levels, and trend-following strategies based on moving averages. The EAs incorporate extensive risk con
Conquest EA is a self-adjusting expert advisor for MetaTrader 5 that utilizes Smart Money Concepts such as Fair Value Gaps and Break of Structure for entries. It features a built-in learning module that evaluates its own trade outcomes to adjust strategy weighting and confidence in real-time. Risk management includes a
This expert advisor for MetaTrader 5 combines traditional quantitative strategies with machine learning via the ONNX runtime. It features multiple trading modes including Order Blocks, market structure analysis, and a hybrid AI strategy using neural network predictions trained in PyTorch. The system incorporates compre
This MetaTrader 5 expert advisor utilizes a Naive Bayes probabilistic model integrated with Smart Money Concepts and ICT principles to identify trading opportunities. It primarily targets gold bias and pullbacks but includes logic for universal symbol support. The system uses a machine learning engine that self-retrain
This MetaTrader 5 expert advisor implements a market regime filter inspired by Wyckoff principles, identifying phases like accumulation, distribution, markup, and markdown. It identifies trading ranges using a lookback period and triggers entries on confirmed breakouts with consecutive closes. Risk management is centra
This expert advisor for MetaTrader 5 implements a technical strategy combining MACD, Stochastic Oscillator, and Parabolic SAR indicators. Designed primarily for the five-minute timeframe, it enters trades based on momentum and trend alignment. The system features robust risk controls, including stop loss and take profi
This MetaTrader 5 collection provides five Expert Advisors focused on Ichimoku Chikou-Kijun crossovers. The repository includes basic alert tools and automated robots that execute trades based on lagging span movements relative to the base line. Advanced variants incorporate ADX and DI filters, Kumo cloud confluence, a
This automated trading system for MetaTrader 5 utilizes machine learning models via the ONNX runtime to forecast currency trends. It implements an ensemble approach, combining predictions from Logistic Regression, Support Vector Machines, Random Forest, and XGBoost. The system operates in two primary modes: technical i
Panda Engine EA is a multi-strategy robot for MetaTrader 5 that incorporates four distinct trading modules: BB, Intra, Pullback, and Intra Master. It executes trades based on technical structures, swing points, and a confluence scoring system. The expert advisor includes an exposure guard to manage risk by limiting tot
Garxy Fenx Lite is a trading framework for MetaTrader 5 that uses a multi-engine architecture to analyze market conditions and execute trades. The robot evaluates volatility, trend, and range data to calculate confidence scores for strategy and risk before opening positions. It manages trades using either fixed point t
Straddle Grid is an automated trading robot for MetaTrader 5 that deploys bidirectional stop-order grids based on fixed price distances. The expert advisor utilizes a gates system to filter entries by ATR volatility, spread limits, and specific GMT trading sessions. It manages positions as a basket with currency-based
This automated expert advisor for MetaTrader 4 and 5 trades forex using a multi-timeframe technical strategy. It identifies H1 trends with moving averages and Ichimoku clouds while timing M5 entries via MACD and RSI convergence. The system incorporates robust risk controls including equity-based lot sizing, daily loss
Steadx is an Expert Advisor for MetaTrader 5 that automates various Smart Money Concepts and ICT strategies. It utilizes multiple entry models, including Order Block and Fair Value Gap confluences, the Unicorn model, and liquidity sweeps during specific sessions. The system filters trades using higher-timeframe trend a
This MetaTrader 5 expert advisor implements a single-layer neural network to generate market signals without requiring external machine learning libraries. It utilizes native MQL5 matrix and vector operations to train a model directly on historical data, using the Relative Strength Index and Bollinger Bands as primary
MTF Confluence Trend is a MetaTrader 5 expert advisor designed for trend-following across multiple timeframes. It initiates trades when the local Supertrend indicator aligns with a higher timeframe trend, further filtered by ADX strength and optional volume conditions. The robot includes risk management features such a
This collection for MetaTrader 5 provides a diverse range of algorithmic trading strategies and utility scripts. The featured Precision Sniper EA utilizes indicator resonance, combining EMA, RSI, and ATR for entry signals. It incorporates sophisticated risk controls including three-stage partial profit taking, structur
17BA Gold Scalper is an automated trading system for MetaTrader 5 that employs a pending one-cancels-other breakout strategy. It places buy and sell stop orders around the market price; once one triggers, the opposite is cancelled. To manage adverse movements, the EA initiates a Fibonacci recovery basket, adding layers
Harmonic Five is a MetaTrader 5 trading suite designed for harmonic pattern detection and execution across forex, gold, indices, and cryptocurrencies. It identifies ABCD, Gartley, Bat, Butterfly, and Crab formations using Fibonacci geometry. The included expert advisor handles entries on fresh patterns and manages exit
This MetaTrader 5 expert advisor automates an institutional-style breakout-retest strategy. It identifies structural high and low points within a defined lookback window and waits for a breakout followed by a confirmed pullback to the broken level. The EA utilizes a 50 and 200 EMA trend filter and ADX for momentum veri
This MetaTrader 5 expert advisor implements a volatility-driven grid strategy primarily focused on Gold. It populates a range of buy-stop and sell-stop limit orders at specified intervals around the market price. The system transitions into a trend-following mode once multiple orders are triggered in one direction, app
Acteck QA5 is an analytical tool for MetaTrader 5 that performs quantitative analysis on historical price movements to identify trend segments and potential reversal zones. It utilizes a user-defined volatility filter in pips to categorize waves and calculates the mathematical probability of price exhaustion based on h
This MetaTrader 5 repository hosts a collection of over 90 expert advisors generated by StrategyQuant X. The robots are designed for the M15 timeframe across diverse markets including forex majors, gold, and oil. Entry signals are derived from technical indicators like Ichimoku, VWAP, and Moving Averages. Each EA featu
This MetaTrader 5 expert advisor executes trades based on daily classic pivot points combined with the engulfing candlestick pattern on the M15 timeframe. It employs a 200-period Exponential Moving Average as a trend filter to refine entries. Risk management includes a martingale lot scaling system that increases posit
This automated expert advisor for MetaTrader 5 executes trades based on Gann Box analysis, identifying entries at dynamic support and resistance levels. It features advanced risk controls including hard stop loss, take profit, and a trailing stop. The EA provides four capital management modes: fixed lot size, risk perc
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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