This MetaTrader 4 expert advisor serves as a development prototype based on standard technical indicators. It utilizes a combination of MACD signal line crossovers and Bollinger Band price interactions to automate trade entries. The robot initiates buy orders when the MACD main line is above the signal and price recove
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Expert Advisor Library
1,977 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Trading robot 331Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 5Collection 160Utility 7
Strategy
JiaoYi is a MetaTrader 4 expert advisor designed to trade based on manually or programmatically defined support and resistance levels. It features three operational modes allowing users to target price breakouts, oscillations within a range, or a combination of both strategies. The EA manages trade execution by monitor
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
Goertzel Dfilter Expert is an automated trading robot for MetaTrader 4 that utilizes signal processing techniques to enter and exit trades. It implements the Goertzel algorithm alongside a digital filter to determine market direction. The expert advisor follows a reversal logic, closing existing short positions when a
This MetaTrader 4 expert advisor executes a scalping strategy focused on the 5-minute timeframe. It monitors price action relative to the Envelopes indicator, initiating trades when price crosses back inside the indicator boundaries after a deviation. The robot includes risk management controls through fixed take profi
BOP is a collection of Expert Advisors for MetaTrader 4 specifically designed for backtesting binary options strategies. The repository provides several robots based on technical indicators like the Stochastic Oscillator and the Relative Strength Index. These tools identify entry signals when indicator values cross def
Mugen Nampin is a MetaTrader 4 expert advisor that executes a mean-reversion strategy using Bollinger Bands. It enters buy positions when price drops below the lower band and sell positions when price exceeds the upper band. The robot employs an averaging down approach, layering additional trades at fixed intervals whe
This MetaTrader 4 repository contains a collection of trading systems, primarily featuring the Gold Digger expert advisor. The main strategy identifies entry points using multiple Bollinger Band deviation levels filtered by RSI and Stochastic oscillators. It is designed for mean-reversion or trend reversal setups, util
This MetaTrader 4 expert advisor executes trades based on price distance from a Moving Average. It monitors whether the current price is within or outside specific bands defined by a margin parameter. When price exceeds these boundaries, the system manages pending buy stop and sell stop orders to capture market movemen
This MetaTrader 4 expert advisor utilizes the Relative Strength Index (RSI) and Momentum indicators to identify trading opportunities. The EA monitors price action, spreads, and indicator levels across various timeframes. A notable feature is its ability to log real-time market data, including broker info and indicator
Krisha Scalper is an automated trading robot for the MetaTrader 4 platform that identifies potential entry points using ATR and EMA indicators. The expert advisor implements several risk management layers, including percentage-based lot sizing, a maximum loss limit in points, and a trailing step feature. It supports pa
This MetaTrader 5 expert advisor implements a technical trading strategy using Bollinger Bands and the Double Exponential Moving Average (DEMA). It performs multi-timeframe analysis, referencing the 30-minute chart for volatility envelopes and the daily chart for trend filtering. The robot executes trades using fixed l
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
Vforce EA is a versatile trading robot for MetaTrader 4 that utilizes a wide array of technical indicators to identify entry points. It integrates Stochastic, RSI, ADX, MACD, and Bollinger Bands, allowing traders to enable or disable specific signals via input parameters. The system manages risk through fixed lot sizin
This MetaTrader 4 expert advisor implements a technical trading strategy using Bollinger Bands and the Parabolic SAR indicator. It operates on the M5 timeframe to identify price extremes via Bollinger Bands while utilizing M1 Parabolic SAR for trend confirmation. The robot includes hardcoded logic for specific currency
Pivot Fab is an automated trading robot for MetaTrader 4 that utilizes Fibonacci-based pivot point levels to identify entry and exit signals. The system calculates support and resistance lines based on historical price data, specifically identifying pivot points from R3 down to S3. It manages risk through fixed stop lo
This MetaTrader 4 expert advisor executes trades based on multiple stochastic oscillator crossovers. The strategy employs several sets of stochastic indicators with unique period settings, categorized into white, pink, and green groups, to identify potential entry signals. Risk management is handled through fixed stop
Ogawa is a MetaTrader 4 signal tool that identifies potential mean-reversion opportunities by combining Bollinger Bands and the Relative Strength Index (RSI). It triggers when price action moves outside the bands while RSI confirms an overbought or oversold state. The EA incorporates a time-of-day filter to restrict si
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 repository contains a collection of MetaTrader 4 Expert Advisors and helper classes for algorithmic trading. The featured robot, Desiree, implements a breakout strategy based on Donchian Channels for both entries and exits. It incorporates comprehensive risk controls including percentage-based lot sizing, volatili
This expert advisor for MetaTrader 4 implements a triple multi-timeframe strategy based on stochastic oscillators. It seeks trade entries by identifying overbought and oversold conditions across multiple timeframes simultaneously, entering when momentum appears to shift. The robot manages risk through user-defined stop
This MetaTrader 4 repository contains a collection of expert advisors based on common technical indicators. The primary expert advisor, Kernsy HA Swing, utilizes Heiken Ashi candles alongside a Simple Moving Average to determine the prevailing trend and uses a Stochastic oscillator for entry signals. Other robots in th
ETTrading is a collection of MetaTrader 4 expert advisors featuring a primary channel-based scalping robot and several standard indicator-driven strategies including MACD and Moving Average crossovers. The core automated system utilizes a channel formed by moving averages to identify entry points, primarily targeting s
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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