InfinityRSI Trader is a MetaTrader 4 expert advisor that automates trading based on Relative Strength Index (RSI) thresholds. It enters long positions when the RSI falls below a configurable level and enters short positions when the RSI rises above a specific threshold. The robot manages active trades using hard stop l
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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 5 expert advisor implements a technical trading strategy based on the Bill Williams Alligator indicator and Bill Williams Fractals. It also incorporates a 50-period Exponential Moving Average for additional trend filtering. The robot enters trades based on price action relative to these indicators, spec
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
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
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
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
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 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 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
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 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
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 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
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 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
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
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 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 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
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 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 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 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
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 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
Break Time UJ is a MetaTrader 4 expert advisor that automates a breakout strategy triggered at a specific time of day. It identifies support and resistance levels using the BreakOut PANCA EAGLE custom indicator and applies a 60-period Exponential Moving Average as a trend filter. The EA manages risk through a trailing
This MetaTrader 4 expert advisor implements a trend-following scalping strategy using a combination of moving averages and the Stochastic oscillator. It identifies the primary trend using a 200-period Simple Moving Average and a 21-period Exponential Moving Average. Trades are entered during pullbacks when the Stochast
Artemis IA is an expert advisor for the MetaTrader 4 platform that executes trades in the forex market. It uses a strategy based on fractal methodology and technical indicators to determine market direction. The logic integrates the Parabolic SAR indicator across M1, M5, and M15 timeframes, complemented by signals from
This repository contains a collection of MetaTrader 4 and MetaTrader 5 expert advisors focused on multi-indicator signal processing. The logic evaluates market conditions by aggregating data from Moving Averages, ADX, Accelerator Oscillator, Volume, and Momentum indicators across several timeframes such as M5, M15, and
EA Swap is a MetaTrader 4 expert advisor designed to capture interest rate differentials during the triple rollover period, typically occurring on Wednesdays. It automates the process of opening a buy or sell position shortly before the swap is charged and closing it after the rollover is processed. The robot includes
This automated trend-following expert advisor for MetaTrader 4 is designed specifically for the GBPJPY pair on the H1 timeframe. It identifies market entries using the Commodity Channel Index and Moving Average Convergence Divergence indicators. The system operates within specific GMT hours and manages a maximum of two
Uzi Forex EA is a centralized trade copying system for MetaTrader 4 that utilizes a server-client architecture. It consists of a server module that broadcasts signals from a designated master account and a client expert advisor that executes trades locally. Users can define fixed lot sizes, limit the total number of co
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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