This MetaTrader 5 utility serves as a risk management tool designed to monitor equity and drawdown across multiple magic numbers. It tracks realized and floating profits for up to twenty individual strategies, allowing users to define specific drawdown limits for each. The EA features an emergency stop function that ca
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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 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 automates trading by detecting reversals in Heikin Ashi candle colors. It initiates a buy trade when a bullish flip occurs and a sell trade upon a bearish flip, managing one position at a time. The robot allows users to specify a custom Heikin Ashi indicator path if the default is not u
This MetaTrader 5 expert advisor serves as a template for a master-child trading architecture. It is designed to work in conjunction with a separate Master EA, from which it receives instructions via global terminal variables. The EA monitors parameters such as remote pause states, maximum lot sizes, risk settings, and
This MetaTrader 5 expert advisor serves as a bridge between a terminal and a remote SaaS backend for centralized management. It polls a web API at regular intervals to receive and execute commands such as opening orders, pausing trading, or modifying positions. The tool enforces local risk controls, including maximum l
AIME is a MetaTrader 5 Expert Advisor that automates trading using Inner Circle Trader (ICT) methodologies. The robot enters trades by evaluating smart money concepts such as fair value gaps, order blocks, and liquidity levels during specific session killzones. It features distinct strategies including the Unicorn mode
Trend Pullback EA is an automated trading robot for MetaTrader 5 that uses Exponential Moving Averages and price action to execute trades. It identifies market trends using a dual EMA crossover system and waits for price pullbacks into the moving average zone. Valid entries require confirmation from bullish or bearish
This MetaTrader 5 Expert Advisor implements an Exponential Moving Average crossover strategy generated using a visual no-code development platform. It utilizes bar-gated logic to evaluate trade entries and exits once per candle, preventing repetitive order submissions. The robot includes risk management controls such a
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
Dejavu EA is a grid trading robot for MetaTrader 5 that automates trade entry using a system of pending orders. It supports buy and sell stops and limits, organized in configurable increments. The strategy includes a dynamic take profit mechanism relative to grid spacing, trailing stops, and ATR-calculated stop losses.
MT5 Docker JsonAPI is a connectivity bridge that integrates MetaTrader 5 with external environments via a multi-socket ZeroMQ architecture. It enables real-time price streaming, trade execution, and account management from external platforms like Python. The solution is packaged in a Docker container, providing remote
Moises Risk Manager is a risk management framework and expert advisor for MetaTrader 5. It offers automated lot sizing through fixed volumes, balance or equity percentage risk, and the Paroli positive progression system. The tool includes a persistence engine that saves trade states to global variables and CSV files, e
Simple RSI MT5 Bot is an automated trading script for MetaTrader 5 that utilizes the Relative Strength Index to enter trades. The robot follows a mean-reversion approach, executing buy orders when the RSI falls below a defined oversold level and sell orders when it rises above an overbought threshold. It operates with
Backtester EA is a validation tool for MetaTrader 5 designed to test specific trading signals within the Strategy Tester. Users can input exact entry, stop loss, and take profit prices, along with a precise timestamp down to the second. The expert advisor handles timezone offsets by automatically converting signal time
This repository is a diverse collection of MetaTrader 5 expert advisors and utilities, ranging from automated trading robots to advanced risk management frameworks. The central tools focus on sophisticated risk control, implementing Value at Risk (VaR) calculations, equity-based stop loss and take profit protection, an
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
This MetaTrader 5 utility functions as a performance auditing dashboard for managing multiple algorithmic trading strategies simultaneously. It monitors and calculates institutional-grade metrics such as Profit Factor, Win Rate, and Risk/Reward ratios. The tool automatically detects strategy names by filtering broker l
This MetaTrader 5 expert advisor serves as a modular framework and starter template for developing trend-following trading systems. It utilizes a clean architecture to separate signal logic, risk management, and order execution. The included demo logic implements a standard moving average crossover strategy to enter tr
MQL5 EA CI/CD Template is a development framework for MetaTrader 5 designed to automate the lifecycle of Expert Advisors. It implements modern software engineering practices through continuous integration and deployment pipelines using GitHub Actions. The system includes tools for automated unit testing, static code an
This MetaTrader 5 expert advisor manages manual silver (XAGUSD) positions by applying and dynamically trailing protection levels. It automatically adds initial stop loss and take profit orders to existing trades that lack them. The manager features a sophisticated trailing stop loss and a trailing take profit mechanism
Hosopi3 Tanpoji is a single-position trading robot for MetaTrader 4 and MetaTrader 5, specifically developed to avoid martingale and averaging techniques. It triggers entries using various built-in technical indicators such as Moving Averages, RSI, Bollinger Bands, and Stochastics, or through external custom indicator
Hosopi 2 is an automated trading robot for MetaTrader 4 and 5 that utilizes a mean-reversion strategy based on Bollinger Bands. The system enters counter-trend trades when price hits the bands and manages positions using a Nanpin martingale approach, layering orders at intervals to average down. Risk controls include t
Smartom Trade Assistant is a management utility for MetaTrader 5 that facilitates manual trade execution and position monitoring. It calculates appropriate lot sizes based on user-defined risk percentages and utilizes on-chart lines for setting entry prices, stop losses, and take profit targets. The assistant includes
This MetaTrader 5 expert advisor provides a framework for trade execution with a heavy emphasis on risk management and scheduling. It offers multiple methods for calculating trade volume and exits: manual points, percentage of account risk, and ATR-based calculations. The EA includes a partial profit-taking system and
The MT5 Data Collector is a utility for MetaTrader 5 that exports market information into external CSV files for further analysis. It features two separate scripts to record either granular tick data or aggregated candle data. The tool logs various parameters including price levels, tick direction, volume, and bid/ask
Manual Mode is a trading utility for MetaTrader 5 that provides a graphical interface for manual order execution. It allows traders to place market and limit orders while monitoring their risk profile through a dedicated overview panel. The tool focuses on assisting with position management and trade entry rather than
This MetaTrader 5 expert advisor automates a trend-following strategy using a combination of the Relative Strength Index and a Moving Average. It enters trades based on signals from a custom indicator that requires price to be on one side of the moving average while the RSI confirms momentum. The robot executes orders
Set Fixed SL and TP EA is a management tool for MetaTrader 4 and 5 that automatically monitors open positions and pending orders to apply protective exit levels. The utility assigns stop-loss and take-profit values based on user-defined points, specific price levels, or a percentage of the stop-loss. It features granul
Golden7 is an automated trading system for MetaTrader 5 that utilizes a weighted confluence engine across seven technical indicators, such as Moving Averages, RSI, and Bollinger Bands. It uniquely allows users to input a manual fundamental bias score to influence trade direction. The robot includes a robust filtering s
This MetaTrader 5 robot implements a grid trading strategy featuring dynamic order spacing. Unlike traditional fixed grids, this expert advisor increases the distance between subsequent levels using an expansion factor. It employs martingale lot scaling where volumes grow exponentially based on the number of open posit
This Expert Advisor for MetaTrader 5 implements a bi-directional grid strategy combined with martingale lot scaling. The robot monitors buy and sell legs independently, opening new orders at fixed pip intervals when the price moves against existing positions. It utilizes an exponential growth factor to increase trade v
This MetaTrader 5 expert advisor collection uses a multi-indicator approach for trade entries. The primary logic involves a combination of MACD, three Triple Exponential Moving Averages (DEMA), the Relative Strength Index (RSI), and Stochastic oscillators. It filters signals using the Average Directional Index (ADX) an
Enhanced EA is an automated trading robot for MetaTrader 5 that combines Relative Strength Index, Bollinger Bands, and Moving Average Convergence Divergence indicators to generate signals. The expert advisor includes an optional trend filter based on a 200-period moving average to align entries with the long-term marke
This MetaTrader 5 expert advisor serves as a public demonstration and educational portfolio project. It implements a framework for automated trading using technical indicators such as Cumulative Delta, Average True Range, and Volume Weighted Moving Average. The software includes core risk management controls including
This collection of tools for MetaTrader 4 and 5 provides a bridge between trading terminals and external communication channels. It includes an alert system that broadcasts trade events, terminal screenshots, and signals to Telegram groups or channels. Additionally, it features an execution module that reads trading si
This MetaTrader 5 expert advisor implements a breakout strategy by placing dual pending buy stop and sell stop orders around the current market price. It utilizes the Average True Range (ATR) to calculate entry distances, stop loss levels, and trailing stops. An optional Ichimoku cloud filter provides trend confirmatio
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 MetaTrader 5 robot executes trades based on price behavior and technical indicators. It utilizes the Relative Strength Index to identify overbought and oversold conditions while incorporating breakout and candle pattern logic. The expert advisor includes flexible risk management, offering fixed lot sizes or percen
Memento is an automated trading system for MetaTrader 5 based on the Ichimoku Kinko Hyo indicator. It utilizes a triple-cross strategy that monitors the Tenkan-sen, Kijun-sen, and Chikou Span for specific alignments. The robot implements a multi-stage confirmation process, assessing momentum and candle strength before
RSI Alert is a signal monitoring tool for MetaTrader 5 that identifies potential market reversals and divergences across up to four timeframes simultaneously. It utilizes the Relative Strength Index alongside Average Directional Index filtering to detect oversold and overbought conditions while attempting to filter out
This repository provides an extensive collection of MetaTrader 4 and MetaTrader 5 expert advisors, including the Cobra and Pivot Point systems. The included tools utilize strategies ranging from daily pivot level reversals to grid-based recovery and cost-averaging methods. Notable features include ATR-based stop losses
This MetaTrader 5 expert advisor utilizes a hedging and grid-based strategy described as cornering. It places pending orders on both buy and sell sides at fixed or automatically adjusted distances. The bot scales position sizes using a multiplier for subsequent entries and includes a dynamic break-even function to mana
This MetaTrader 5 expert advisor implements a dual Adaptive Linear Moving Average (ALMA) crossover strategy. It enters trades when a fast ALMA crosses a slow ALMA, provided the slope meets a specific threshold and the price is within a defined ATR distance. The system uses a Supertrend indicator for additional trend co
This MetaTrader 5 expert advisor serves as an educational framework for developing trading robots using object-oriented programming. It demonstrates how to organize trading logic into modular classes for symbol handling, order execution, and strategy management. The EA incorporates two distinct price action strategies
This MetaTrader 5 expert advisor executes trades based on signals generated by a companion custom trend indicator. It is designed to function exclusively on the MetaTrader 5 hedging platform and requires the external indicator file to be installed manually in the local indicators folder. The system manages risk using a
Rhythm Ultra is an automated price action strategy constructor for MetaTrader 5. It enables traders to automate entries based on Smart Money Concepts and ICT principles, including Order Blocks, Fair Value Gaps, breakers, and liquidity sweeps. The EA manages risk through multi-timeframe trend synchronization, partial ta
This data extraction utility for MetaTrader 5 exports historical price information for major stock indices such as NAS100 and US30. The tool processes multiple timeframes from one-minute bars up to monthly data, saving the results as CSV files for external analysis or backtesting. It features adjustable settings for ex
Simple MA Cross is an automated trading robot for the MetaTrader 5 platform that executes trades based on exponential moving average crossovers. It utilizes two adjustable MA periods to identify entry signals when the fast period crosses above or below the slow period. The expert advisor features basic risk 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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