This MetaTrader 4 expert advisor implements a multi-indicator technical strategy generated using the FxPro Quant tool. The robot identifies entry points by analyzing the confluence of an Exponential Moving Average, Relative Strength Index, MACD, and Bollinger Bands. It specifically looks for rising momentum and trend 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
ATR Session EA is an automated trading robot for MetaTrader 4 that utilizes session-based logic and the Average True Range indicator. The software monitors market activity through a session factory, identifying potential entries based on price thresholds for higher highs and lower lows. It employs a structured trade ma
This trade management expert advisor for MetaTrader 5 provides a comprehensive execution panel featuring a TradingView-inspired position tool. It allows users to visually define risk through draggable on-chart stop loss and take profit zones, automatically calculating lot sizes based on a percentage of account risk. Th
This repository contains a set of automated trading robots for the MetaTrader 5 platform, focusing on indicator-driven entry logic. The primary expert advisor utilizes Relative Strength Index levels to identify potential reversals, filtered by a Moving Average to ensure trades align with the prevailing trend. Risk mana
AI Game Theory Trader is a MetaTrader 5 expert advisor that employs Nash-style statistical signals for automated trade execution. It utilizes adaptive logic to calculate lot sizes based on user-defined risk percentages. The EA manages risk through stop losses, take profits, and trailing stops, which can be fixed or ATR
Otto EA is a MetaTrader 5 expert advisor ported from Pine Script, designed for institutional-style trading and price action analysis. It utilizes a proprietary Wick1+Wick2 support and resistance block methodology to identify market structure and potential entry points. The system includes a sophisticated trade manageme
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 MetaTrader 5 expert advisor is a component of the MT5-AI ecosystem, designed to interface with Python gateways and Telegram signals. The robot processes external signals to identify specific candle patterns and automatically plot Fibonacci retracement levels on the chart. It features multiple operational modes inc
Kaybambodlabfx SMC is a MetaTrader 5 expert advisor that executes trades based on market regime classification and Smart Money Concepts (SMC). The system employs a multi-timeframe approach, scanning structures from the daily chart down to one-minute intervals to establish a master bias. It uses ADX, ATR, and swing poin
This MetaTrader 5 expert advisor utilizes the Average True Range (ATR) indicator to identify trade entries based on market volatility. It functions as an automated robot that places orders using levels derived from ATR calculations. Risk management is handled through fixed stop loss and take profit settings defined in
This MetaTrader 5 expert advisor automates market structure analysis based on Smart Money Concepts. It identifies key technical events including Change of Character, Break of Structure, and Inducements across two synchronized timeframes. The tool maps Point of Interest zones, distinguishing between extreme and decision
EddyTrader is a risk management tool for MetaTrader 5 designed to enforce trading discipline through account-wide loss limits. It monitors the total financial performance of the account regardless of the symbol or strategy. Once a user-defined maximum loss is reached, the expert advisor automatically closes all open po
Orva MT5 Bridge is a data integration tool for MetaTrader 5 that streams market and account information to external backends. It captures broker-native ticks, candle data, account balances, symbol specifications, and current open positions, converting them into versioned JSON messages. Data is delivered using either HT
This MetaTrader 5 expert advisor automates trade entries based on price action and Smart Money Concepts. It monitors for liquidity sweeps followed by market structure shifts and retests of Fair Value Gaps or Order Blocks. The system manages risk using fixed risk-to-reward ratios, stop loss buffers, and time-based exits
This MetaTrader 5 expert advisor provides a manual backtesting environment by simulating the bar replay feature popular on web-based charting platforms. It functions by creating a custom symbol and loading historical data, allowing the user to progress through the chart candle by candle. The tool supports virtual trade
This MetaTrader 5 expert advisor executes trades based on a time-restricted strategy combined with moving averages and Fibonacci levels. It operates within a specific daily window, opening positions between a defined start and end time and automatically closing them at a designated hour. The system utilizes 21-period s
MQT Microstructure Analysis is a comprehensive header-only framework for MetaTrader 5 designed to process high-frequency market data. It transforms raw tick, quote, and Depth of Market events into structured measurements for order flow, liquidity depth, and price impact. The system includes specialized modules for calc
Quick Risk Executor is a utility for MetaTrader 5 designed to streamline trade entry by automating lot size calculations based on user-defined risk in currency. The user sets a fixed dollar amount to risk per trade and identifies a stop loss level directly on the chart using an interactive line. The expert advisor calc
This MetaTrader 5 expert advisor combines breakout and mean-reversion strategies within a framework optimized for proprietary trading firm requirements. It features adaptive logic that transitions between modes based on market drift detection. Users can configure breakout entries using Donchian channels or fixed time r
This MetaTrader 5 utility integrates Gexbot API data to visualize option-based market sentiment directly on the chart. It fetches and displays Gamma Exposure (GEX) profiles, including Open Interest, volume, and State data like Delta and Vanna across various days to expiration. The EA draws key levels such as Zero Gamma
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 serves as a risk management and execution framework rather than a standalone trading strategy. It monitors account equity in real-time to enforce daily drawdown limits. If a predefined monetary loss threshold is reached, the engine can trigger a kill switch to block further trading or f
ITIP is an advanced multi-component expert advisor for MetaTrader 5 that connects the terminal to external AI and simulation modules. It utilizes a modular architecture to track smart money structure, including order blocks and fair value gaps, alongside RSI divergence signals across multiple timeframes. The platform h
SynerPro EA is a MetaTrader 5 robot designed for managing prop firm challenges. It implements the Synergy Strategy, utilizing Heikin Ashi market bias and session-based filters to execute trades. The system features a master-slave communication architecture via shared files for coordinating between instances. Risk manag
This Expert Advisor for MetaTrader 5 implements a trend-following strategy based on the crossover of 15-period and 60-period Exponential Moving Averages. It employs a continuous reversal logic to maintain market presence, switching between long and short positions as trends shift. Risk management includes ATR-based dyn
This MetaTrader 5 expert advisor utilizes the Ichimoku Kinko Hyo indicator system integrated with a machine learning boosting model to execute trades. It analyzes technical factors including RSI, ATR, Z-scores, and price slopes to determine a success probability before opening positions. The robot features built-in ris
This MetaTrader 5 expert advisor functions as a bridge between the trading platform and a Redis database using the hiredis library. It consists of two components: a data connector for streaming tick and candle information and an execution connector for handling trade events and account status. The system allows externa
Dino Open Engine is a data-driven algorithmic trading framework for MetaTrader 5 designed to decouple strategy logic from MQL5 code. Instead of recompiling binaries, users define strategies using a fluent C# API and store them in a shared SQLite database. A single compiled expert advisor executes these strategies based
Disook is a development framework and AI agent skill for MetaTrader 5 designed to assist in creating, debugging, and testing MQL5 expert advisors. It provides an interface for AI coding tools to manage complex logic including trend, grid, and martingale strategies. The repository contains a basic educational template t
Smart SL is a MetaTrader 5 risk management tool that calculates optimal exit levels using a multi-factor scoring system. It evaluates market structure via swing detection, ATR-based volatility, and multi-timeframe confluence. The tool offers three modes: real, virtual, and a hybrid setup with safety offsets. It include
Clipboard Signal Trader is a MetaTrader 5 utility that transforms manually copied text signals from applications like Telegram or Discord into executable orders. The software utilizes the Windows API to read the clipboard and parse trade details into a visual, editable table. It follows a human-in-the-loop philosophy,
ProRiskManager is a trade execution and management panel for MetaTrader 5 tailored for discretionary traders. It prioritizes precision by calculating position sizes directly through broker functions to match displayed risk with actual potential losses. Users can prepare trades using draggable chart lines for entry and
Simple Expert is a basic MetaTrader 5 script that serves as a minimal template for expert advisor development. It does not feature any automated trading logic, entry signals, or exit management. The code primarily focuses on demonstrating the standard event handlers in MQL5, such as initialization and tick processing.
Scorpion Risk Infrastructure is a MetaTrader 5 expert advisor focused on capital protection and trade execution. Originally derived from a smart money strategy, this framework handles position sizing based on balance risk, enforces daily loss limits, and applies cooldown periods after trades hit stop loss. It protects
This utility for MetaTrader 5 provides an interactive on-chart panel for manual trade execution and risk management. It enables traders to calculate optimal lot sizes based on a specific percentage of account balance or a fixed cash amount. The interface features draggable lines for entry, stop loss, and take profit le
This MetaTrader 5 expert advisor is a utility for managing active positions and controlling account risk rather than executing autonomous trade entries. It features an automated lot size calculator based on percentage risk, daily loss protection in both percentage and dollar terms, and a comprehensive trade management
The News Calendar EA for MetaTrader 5 is an automated tool designed to execute or manage trades based on economic events. It features a canvas-based dashboard and utilizes an SQLite database to store and track calendar data. The system allows users to enter trades before or after news releases or pause activity during
This MetaTrader 5 expert advisor integrates with OpenAI API models, specifically GPT-4o, to analyze market data and generate trading signals. The tool sends a configurable number of recent chart bars to the AI model for processing and can execute trades automatically based on the response. It includes a chat-style inte
PASR Modular is a MetaTrader 5 expert advisor designed for automated trading using a modular framework. It employs technical indicators like ATR for dynamic stop losses and take profits, alongside ADX for trend filtering. The system integrates machine learning components for trade inference and multi-timeframe analysis
This risk management expert advisor for MetaTrader 5 functions as an account-wide watchdog. It monitors equity fluctuations against user-defined thresholds for daily loss, total drawdown, and profit targets. When a limit is breached, the EA automatically closes all open positions and can optionally delete pending order
This MetaTrader 5 expert advisor serves as a development framework and diagnostic tool for organizing complex trading logic. It implements an object-oriented finite state machine to manage transitions between initialization, signal monitoring, order execution, and news restriction states. By replacing nested conditiona
Spread Slippage Monitor is a diagnostic utility for MetaTrader 5 that tracks broker performance metrics. It records real-time spread data at regular intervals and exports the information to a CSV file. The tool features an optional slippage measurement function that executes a market order and immediately closes it to
This news filter for MetaTrader 5 allows Expert Advisors to automatically suspend trading activities around high-impact economic news releases. Instead of relying on commercial APIs, the tool fetches event data from a user-hosted JSON file on GitHub using native WebRequest functionality. It monitors specific currencies
This lightweight, macro-based unit testing framework is designed for MetaTrader 5 developers to verify Expert Advisor logic and trading calculations. It provides a set of simple assertion macros for checking booleans, integers, and double-precision values directly within the terminal environment. The framework is entir
This utility for MetaTrader 5 enables automated trade notifications, profit reports, and system alerts to be sent directly to Discord and Telegram. It functions as a lightweight library that developers can integrate into their own Expert Advisors or indicators. By utilizing the native MQL5 WebRequest API, it operates w
This MetaTrader 5 expert advisor executes trades based on price action and momentum patterns, specifically identifying strong candles relative to their recent average range. The logic incorporates Fair Value Gap (FVG) detection and moving averages to filter entries. It includes automated risk management with percentage
This repository contains a collection of ten trend-following Expert Advisors for the MetaTrader 5 platform. Each robot implements a different technical strategy, utilizing indicators such as Bollinger Bands and moving averages with various smoothing methods like ParMA and SMMA. The EAs identify entry points based on ov
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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