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
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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
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
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
This repository provides a framework for integrating machine learning and quantum physics models with MetaTrader 4 and 5. It aims to implement a Quantum Genetic Algorithm and Support Vector Machine for feature selection and price classification. The system utilizes a ZeroMQ bridge to connect Python 3.8 with the trading
This repository provides a collection of MetaTrader 4 and MetaTrader 5 resources, including standard MetaQuotes examples and custom trading tools. A primary feature is the 3D correlation matrix utility, which uses the Canvas3D library to visualize price relationships across multiple symbols. The collection also include
This repository is a collection of MetaTrader 5 expert advisors and analytical utilities. It features several standard trading examples like MACD and Moving Average, alongside more specific implementations using MAMA and Parabolic SAR indicators. A notable component is a three-dimensional correlation matrix tool that v
Aych MT Learn is a repository for MetaTrader 4 that provides a baseline expert advisor for educational purposes. The robot implements a classic strategy based on Moving Average Convergence Divergence (MACD) crossovers filtered by an Exponential Moving Average trend component. It includes standard trade management featu
This repository provides a collection of MetaTrader 4 expert advisors and libraries designed to integrate with the 4xlots risk management web service. The collection includes various trading robots such as a trend-following system, a double SMA crossover strategy, and a Martingale-based EA. It focuses on dynamic risk c
This repository is a collection of over forty MetaTrader 4 expert advisors covering various trading styles and market conditions. It features the EA31337 multi-strategy framework alongside specialized bots for currency strength, New York session breakout patterns, and Heikin Ashi trend following. The collection include
This collection for MetaTrader 4 provides a suite of trade management and utility scripts. The primary expert advisor automates the application of stop loss and take profit levels for existing trades. It features a sophisticated trailing stop system with dedicated settings for major forex pairs, gold, and silver. Users
Manual Trading Tool MTT is a MetaTrader 4 utility designed to assist traders in managing manual positions. It features a graphical dashboard that displays live order data, including accumulated profits, swap costs, and position sizes for buy and sell orders. The tool monitors stop loss and take profit states while prov
This repository contains a collection of MetaTrader 5 expert advisors developed for various market conditions and strategies. The files include implementations of trend-following systems like the Dunnigan NRTR, signal-based dashboards using multi-indicator confirmation, and experimental artificial intelligence models.
This MetaTrader 5 collection features several automated trading robots focused on the forex market. The repository includes multiple expert advisors that utilize different technical analysis methods, such as Bollinger Bands, ADX, and Stochastic oscillators. Additionally, one module integrates the MetaTrader 5 economic
Junbari MT4 is a trend-following expert advisor for MetaTrader 4 that identifies trade entries based on price breakouts. The system monitors the highest highs and lowest lows over a specific lookback period to determine market direction. It enters positions when the current price breaks a historical level and meets a m
Classic Winner is an educational MetaTrader 4 expert advisor designed as a structural framework for automated forex trading. The repository provides a template for managing trades with built-in risk controls, including fixed percentage lot sizing and Average True Range based exit points. It features time-of-day filteri
Proper Bot is a MetaTrader 4 expert advisor that utilizes a triple moving average crossover for trend detection combined with a manual grid management system. It filters entries based on volume and specific price levels. When a trade moves against the initial position, the EA opens additional orders at predefined point
Quanta is an automated trading robot for MetaTrader 4 and MetaTrader 5 that executes trades based on external indicator signals. The EA utilizes the WebRequest function to download data and HTML files from a remote server to guide its trading logic. For risk control, the system provides parameters for manual lot sizing
First Robot is a MetaTrader 4 expert advisor designed as a basic testing script. The robot enters buy positions when no existing orders are detected, utilizing a randomized logic for initial execution. It features an aggressive martingale lot scaling system that increases the volume of subsequent trades following losse
This MetaTrader 4 Expert Advisor implements a price-action grid strategy that opens orders based on fixed distance intervals. The robot establishes a baseline level and triggers a buy or sell position whenever the price moves a specific number of points away from that level. It features no built-in stop loss or take pr
Krikor is a MetaTrader 4 robot that uses a combination of technical indicators and a grid-based recovery system to manage trades. It determines entries using a Relative Strength Index (RSI), Moving Averages, Average Directional Index (ADX), and a custom ZigZag indicator. The strategy employs martingale lot scaling, inc
This repository contains a collection of MetaTrader 4 expert advisors and utility scripts for the Forex market. The primary expert advisor combines ADX momentum, Stochastic oscillators, and candlestick patterns, such as Doji and Engulfing candles, to identify trade entries. It features automated lot sizing based on acc
This MetaTrader 5 expert advisor implements a multi-currency trading strategy based on a coefficient matrix of major forex pairs. It monitors price movements across a predefined set of currencies, including EUR, USD, GBP, AUD, JPY, and CAD, to identify trading opportunities. The system manages trades as a collective ba
This repository contains a collection of MetaTrader 4 expert advisors, with a primary focus on Renko-based trading strategies. The core EA utilizes dual exponential moving averages and candle color patterns to identify trend entries. Risk controls include adjustable stop loss, take profit, break-even logic, and trailin
This collection for MetaTrader 4 features several automated trading scripts, with the Eternal EA serving as the primary component. The system implements a hedging strategy by opening simultaneous buy and sell positions. It manages these trades using user-defined price gaps and closes positions once a specific number of
Smith MQL5 is an automated trading robot for MetaTrader 5 that utilizes a combination of technical oscillators, specifically OsMA, MACD, and Stochastic. The system evaluates price action across multiple timeframes, from M1 to weekly charts, to determine entry points. It includes trade management features such as fixed
ZBlue is a MetaTrader 4 expert advisor designed for forex trading using a Martingale-style recovery strategy. It initiates a starting position and adds subsequent trades at increasing pip intervals if the market moves against the initial entry. The EA manages both buy and sell directions independently. It uses a tiered
Awesome EA is an automated multi-pair trading robot for MetaTrader 4 built on the Steve Hopwood Forex framework. It implements a trend-following strategy that filters entries using daily Peaky and SuperSlope indicators, executing trades when signals align on shorter timeframes. The system manages risk through equity-ba
This repository is a collection of legacy MetaTrader 4 expert advisors and code snippets. The library includes several distinct trading robots such as The Puncher, SmallDog, and the KMB series. These programs generally employ technical indicators to identify entry points and manage positions using configurable paramete
This MetaTrader 4 expert advisor automates trading using the Ichimoku Kinko Hyo indicator with hardcoded period settings for the Tenkan-sen, Kijun-sen, and Senkou Span B. It identifies trend-based entries and manages positions using a currency-specific risk module. The robot applies fixed stop loss and take profit valu
This MetaTrader 5 expert advisor implements a triangular arbitrage strategy targeting price discrepancies between correlated currency pairs. The robot monitors specific instruments, including EURUSD, USDJPY, EURJPY, USDCAD, and CADJPY, to identify synthetic price gaps. It executes trades when the calculated gap exceeds
This MetaTrader 4 expert advisor is an automated grid trading system that utilizes a variety of indicators including Moving Averages, CCI, Bollinger Bands, and MACD for trade entries. It employs a martingale-style lot multiplier to manage position sizing across sequential grid levels. The software includes risk control
This MetaTrader 4 expert advisor identifies and monitors currency pairs with high statistical correlation. It scans the market to find symbols that move in tandem with the current chart, filtering results based on a user-defined minimum correlation coefficient. The EA manages chart generation for identified pairs and i
B4 is an automated trading robot for MetaTrader 4 that utilizes a grid-based strategy with martingale lot scaling. It employs multiple technical indicators, including Moving Averages, CCI, Bollinger Bands, Stochastic, and MACD, to determine market entry points. The EA features comprehensive risk management controls suc
This expert advisor for MetaTrader 4 automates a trading strategy based on the Pin Bar candlestick pattern. It monitors the market for new bars and uses a custom detection function to identify Pin Bar formations. Once a signal is found, the robot enters trades with calculated stop loss and take profit levels, often tar
This MetaTrader 4 repository hosts a collection of expert advisors, including the standard MACD Sample robot and several specialized EUR-focused scripts. The primary MACD EA identifies entries using MACD histogram crossovers with the signal line, filtered by an Exponential Moving Average trend period. Trade management
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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