This MetaTrader 4 expert advisor executes trades based on the MACD indicator and uses a Moving Average filter to determine the prevailing trend. It features a dynamic lot sizing algorithm that adjusts risk percentages according to account balance tiers. While the documentation focuses on MACD signals for H1 charts, the
Synced with GitHub · updated hourly
Expert Advisor Library
1,977 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Strategy
This MetaTrader 4 expert advisor implements a multicurrency basket trading strategy based on price action. It evaluates multiple currency pairs simultaneously using a scoring system that compares current price levels to opening prices across five-minute and fifteen-minute timeframes. The robot manages entries automatic
Usd5 3 EA is a MetaTrader 4 expert advisor that executes trades based on specific candlestick sequences and trend direction. It identifies patterns of three consecutive bullish or bearish candles followed by a reversal to signal potential entries. The robot utilizes a 25-period Simple Moving Average on the H4 timeframe
Setup Da Paula is a MetaTrader 5 expert advisor that automates a technical trading strategy based on Bollinger Bands. The robot enters trades when specific price conditions are met relative to the bands, incorporating a volatility filter that checks the minimum band width in points. It manages risk through a fixed stop
This Expert Advisor for MetaTrader 5 implements a trend-following strategy based on four moving averages. It determines market direction to trigger buy or sell entries during specified trading hours. The robot features time-restricted operations, allowing trade execution only between set start and end times. Risk manag
This MetaTrader 5 expert advisor automates trading for the Brazilian Mini Dollar market. It operates as an intraday robot, utilizing specific time-based filters to control when the system can open new positions and when it must liquidate all open trades before the daily market close. The EA includes standard risk contr
Span Model Day Trader is a MetaTrader 4 expert advisor that monitors market signals based on the Span Model and Super Bollinger technical indicators. The code specifically focuses on the USDJPY currency pair, evaluating the relationship between blue and red spans derived from the Ichimoku Kinko Hyo indicator. It tracks
This MetaTrader 4 expert advisor implements a multi-strategy approach to automated trading using several technical indicator combinations. It features distinct logic for long and short positions, utilizing the Relative Strength Index, Moving Average Convergence Divergence, and Ichimoku Kinko Hyo. Buy signals are genera
This MetaTrader 4 expert advisor implements a pairs trading or statistical arbitrage strategy primarily designed for energy commodities like USOIL and UKOIL. It monitors the price differential between two correlated assets over a specific lookback period to identify mean-reversion opportunities. The robot executes simu
Arra is an automated trend-following expert advisor for MetaTrader 4 that utilizes a moving average crossover strategy paired with a volatility filter. It triggers trades when a short-term simple moving average crosses a long-term SMA, but only if the current Average True Range indicates higher volatility than a previo
HGSS Candle Bob is an automated trading system for MetaTrader 4 that identifies trade setups using candle sequences and external library signals. It evaluates market conditions via the HGI library to detect trends and ranges, allowing for both trend-following and pullback strategies. Risk management includes fixed lot
This expert advisor for MetaTrader 4 utilizes a bridge to the R programming environment to implement machine learning for currency trading. It leverages pre-trained XGBoost models to identify trade opportunities based on technical features such as Average True Range, Bears Power, and Bulls Power indicators. The robot m
Falcon F is an automated trading system for MetaTrader 4 that utilizes supervised deep learning and an external Decision Support Centre powered by R to identify market inefficiencies. It analyzes indicator patterns across M1, M15, and H1 timeframes to predict price changes and trade direction up to 100 hours ahead. The
Invea Stoch is an automated trading robot for MetaTrader 4 that utilizes the Stochastic oscillator to identify entries based on overbought and oversold levels. The EA initiates trades when the indicator exceeds 85 or falls below 15, applying price action filters based on the highs of recent candles. It manages risk wit
Simple Sys is a MetaTrader 4 expert advisor that executes automated trades based on a specific daily start hour and moving average alignment. At the designated hour, the robot evaluates the relationship between current price action and a long-term moving average to identify trend direction. It features fixed lot sizing
News Catcher EA is an automated trading robot for MetaTrader 4 designed to trade market volatility typically associated with news events. It functions by placing pending buy and sell orders at a specific distance from the current price at a pre-defined start time. The EA manages trades using a configurable trailing sto
MAEA is a multi-symbol expert advisor for MetaTrader 4 that automates entries based on moving average analysis. The robot scans available symbols and monitors price action on the M15 timeframe. It incorporates automated trade management features including a break-even function and dynamic lot sizing based on a fixed ri
Uchin is a MetaTrader 4 expert advisor that executes trades based on the price action of the previous daily candle. It enters a buy position if the prior day closed higher than it opened and a sell position if it closed lower. The robot includes time-based filters for specific entry and exit hours and allows users to t
Double MA ADX is a MetaTrader 4 expert advisor that automates trading based on the relationship between two Linear Weighted Moving Averages and the Average Directional Index. The strategy uses ADX values to filter for trend strength before entering positions during a specific intraday time window. It utilizes a trailin
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
Rxnxn Crossover is a MetaTrader 4 expert advisor that automates trading based on Exponential Moving Average crossovers. The system utilizes a 5-period and 10-period EMA, requiring a specific distance between the moving averages to confirm entry signals. It includes risk management features such as fixed lot sizing or p
This MetaTrader 4 expert advisor executes a breakout strategy by interfacing with the ACB Breakout Arrows indicator. It manages trades using multiple exit methods, including split targets or single-level closures. Risk is controlled through percentage-based stop loss calculations and an optional daily Exponential Movin
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 expert advisor facilitates automated trading by connecting to Azure Machine Learning. It primarily functions by collecting historical price data for the GBPJPY pair on the 15-minute timeframe and exporting it to local CSV files. The EA utilizes the shell32.dll library to execute external commands and
This MetaTrader 4 expert advisor is designed specifically to trade high-impact Non-Farm Payroll news events on USD currency pairs. It functions by placing a straddle of buy and sell pending orders at a set distance from the market price shortly before the news release. Once the market breaks out and triggers one order,
This MetaTrader 4 expert advisor automates a session-based trading strategy focused on the New York quiet period. It captures a reference price during a specific late-afternoon window and triggers trades when the market deviates by a set number of pips. The robot utilizes a moving average crossover and an ATR filter to
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.
Run EAs with a broker that supports MT4 and MT5
Compare regulated brokers by platform, spreads, minimum deposit and leverage.
Compare brokers