This MetaTrader 5 expert advisor serves as an AI-friendly bridge, connecting external platforms to the terminal via REST API and TCP sockets. It specializes in intelligent order splitting, where a single trade signal is divided into up to ten individual positions with staggered take-profit levels and custom volume dist
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Expert Advisor Library
1,978 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Trading robot 17Trade manager 2Risk & protectionNews trading 1Copier & bridge 4Framework & templateCollection 6Utility 2
Strategy
This MetaTrader 5 repository provides a suite of utility scripts designed for data extraction and system monitoring. The primary tool automates the exportation of historical price data, including OHLC values, tick volumes, and spreads, into CSV files for external analysis. It supports a predefined list of forex pairs,
Punlie Grid is a MetaTrader 5 expert advisor that executes a grid trading strategy tailored for gold, crude oil, and cryptocurrencies. It places orders at fixed point intervals and features a trend-following filter that uses daily timeframe data to align trades with the prevailing market direction. Risk controls includ
This repository contains an extensive library of MetaTrader 5 expert advisors covering various algorithmic trading methodologies. The collection includes strategies based on Bollinger Bands, Relative Strength Index, moving average ribbons, and swing failure patterns. A core focus is the Ighodalo series for gold and CFD
This MetaTrader 5 expert advisor executes automated long-only trades based on the Supertrend indicator. It calculates trend direction using Average True Range and a multiplier factor to identify entry points. The robot includes built-in risk management tools such as percentage-based stop loss and take profit orders, as
This MetaTrader 5 expert advisor functions as a signal execution bridge between a Telegram channel and the trading platform. It communicates with a Python-based server via JSON to receive trade signals. The system features automated risk-based lot sizing, allowing users to define specific risk percentages per trade or
This repository provides automated trading experts for the MetaTrader 5 platform, featuring a combined grid and martingale strategy along with an Ichimoku-based approach. The primary expert advisor executes trades based on price movement relative to a fixed grid distance. It incorporates a lot multiplication system tha
This MetaTrader 5 expert advisor automates trading based on the Fimathe methodology, a price action technique centered on channel expansions. The software allows users to define a macro channel using specific high and low price points, which it then fractionates into sub-levels for entry and exit signals. It features a
This MetaTrader 5 expert advisor implements a multi-layer grid trading system suitable for forex, gold, and indices. It establishes a grid of price levels around an anchor point, opening buy positions when the price crosses down through a specific level. The grid is divided into three customizable layers, each with ind
This repository is a diverse collection of MetaTrader 5 Expert Advisors, featuring nearly 100 different scripts sourced from various origins. The library includes automated robots based on standard indicators like Bollinger Bands, MACD, Stochastics, and moving average crossovers, as well as channel trading systems and
This MetaTrader 5 expert advisor implements a sell-only grid strategy specifically designed for Gold (XAUUSD). It operates within a user-defined price range, placing short orders at fixed price intervals to capitalize on price oscillations and mean reversion. The system manages trades using a fixed take profit for each
This MetaTrader 5 expert advisor functions as a comprehensive chart annotation and signal scanning tool based on Smart Money Concepts and Price Action. It identifies structural elements such as order blocks, fair value gaps, liquidity pools, and market structure shifts across multiple symbols simultaneously. The system
This expert advisor for MetaTrader 5 is a sophisticated trading system specifically optimized for gold. It operates as part of a hybrid ecosystem, utilizing a Python-based desktop interface for local machine learning model training and market analysis while executing trades via the MQL5 robot. The EA employs a multi-la
This position management expert advisor for MetaTrader 5 automates the trailing stop loss process for gold trades. It offers two distinct operational modes: a fixed pips distance and an adaptive mode based on the Average True Range indicator to adjust for volatility. The utility includes specific safeguards to block or
Flip Trader is a perpetual stop-and-reverse expert advisor for MetaTrader 5 that remains in the market at all times. The strategy opens an initial position and applies a tight trailing stop-loss without a take profit target. When the market hits the stop-loss, the robot immediately closes the position and opens a new o
This MetaTrader 5 expert advisor implements a grid-based trading strategy with an integrated recovery mechanism. It initiates a series of orders at fixed intervals and manages them as a collective basket. The system utilizes dollar-based targets for profit-taking and loss prevention, including a maximum total loss limi
This repository contains two expert advisors for MetaTrader 5: a reconstruction of a popular grid system and a price-action tool for gold. The primary EA utilizes RSI and price extremes for entry signals, managing trades through a grid with tiered lot multipliers. It features smart distance calculations using ATR ratio
XM Gold AI Trader is an automated expert advisor for MetaTrader 5 that leverages a Python-based backend powered by DeepSeek AI. The system processes market data using indicators such as RSI, MACD, and Bollinger Bands to generate signals, which are transmitted via WebSocket or TCP sockets. It includes robust risk contro
This MetaTrader 5 expert advisor functions as a signal executor that bridges TradingView alerts to the platform via local JSON files. It monitors a specified directory for trade instructions, supporting market entries and various closing commands. The EA includes internal risk controls such as maximum daily loss percen
This MetaTrader 5 expert advisor integrates Large Language Models such as OpenAI and Anthropic Claude with technical analysis to automate trading across forex, gold, crypto, and indices. It utilizes a confluence scoring system based on Smart Money Concepts, Ichimoku Cloud, and standard indicators like RSI and MACD. The
This MetaTrader 5 utility provides a visual interface for position sizing and manual trade execution. It allows traders to drag and drop stop loss and take profit lines directly on the chart, automatically calculating the required lot size based on a predefined risk percentage and account equity. The tool handles curre
Xauusdt MT5 is an automated trading robot for MetaTrader 5, specifically optimized for gold trading. It executes a grid-based strategy with martingale lot scaling, where position sizes are increased by a user-defined multiplier after losses. The system features a dual-stage grid distance mechanism that adjusts spacing
This MetaTrader 5 expert advisor implements a pair trading arbitrage strategy between spot gold and gold futures. The robot monitors the price difference between XAUUSD and the GC futures contract, opening simultaneous buy and sell orders when the spread exceeds a defined threshold. Risk management is handled through a
This MetaTrader 5 utility is designed for managing and broadcasting trading signals directly to Discord. It features a visual interface for drafting trade ideas on the chart using interactive entry and stop-loss lines. The software tracks trade states, manages position numbering, and routes alerts to specific Discord c
This MetaTrader 5 expert advisor executes a coordinated hedging strategy across two separate accounts for XAUUSD. By running one instance as a buyer and another as a seller, the system coordinates simultaneous opposing entries. The two instances communicate status and synchronization via shared local files. It manages
Swap Arbitrage Bridge is a MetaTrader 5 utility designed to export market data to an external Python environment for arbitrage analysis. It collects information on tradable symbols, specifically focusing on Forex majors and precious metals like gold and silver. The tool sends formatted JSON status updates at defined in
Price Action Bot is a technical Expert Advisor for MetaTrader 5 that executes trades based on market structure shifts, specifically Break of Structure (BOS) and Change of Character (CHoCH) signals. It supports two entry modes: waiting for a price retest of broken levels or entering immediately on a breakout candle clos
This semi-automated expert advisor facilitates trading around high-impact economic events by bridging Python and MetaTrader 5. A Python-based scraper collects macroeconomic data from Trading Economics, allowing users to filter events and manually input trading directions via a graphical interface. The MetaTrader 5 comp
This MetaTrader 5 robot executes trades based on Inner Circle Trader methodologies. It identifies institutional Order Blocks and Fair Value Gaps while optionally screening for liquidity pool sweeps or Market Structure Shifts. The algorithm enters positions when price imbalances are detected within specific swing period
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
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
This MetaTrader 5 expert advisor is designed for XAUUSD (Gold) trading, utilizing a purely random entry strategy. It opens one position at a time in a random direction, determined by a randomization function. The robot manages trades using a fixed stop loss and a trailing stop mechanism to limit potential losses while
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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