This MetaTrader 4 expert advisor is an automated trading robot specifically developed for the GBPNZD currency pair on the M15 timeframe. Generated using the EA Studio software, the strategy utilizes Bollinger Bands as its primary technical indicator to determine market entries and exits. The code includes built-in risk
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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
Strategy
This automated trading robot is designed specifically for the AUDJPY currency pair on the H1 timeframe for MetaTrader 4. Developed using the Expert Advisor Studio platform, the software utilizes a combination of directional and volume indicators to identify entry and exit points. It incorporates standard risk managemen
This MetaTrader 4 expert advisor implements an automated trading strategy based on the Bollinger Bands indicator. It monitors price positions relative to the upper, lower, and middle bands on the H1 timeframe. The EA uses a series of threshold parameters to determine entry and exit points, as well as the deletion of or
This repository provides a collection of MetaTrader 4 expert advisors designed for forex and digital markets. The primary expert advisor implements a breakout strategy by placing buy and sell stop orders at a specific distance from the previous day's high and low prices. It includes automated trade management features
This MetaTrader 4 robot automates a breakout strategy focused on the London and New York trading sessions. It identifies price ranges over a set number of bars and executes trades when price breaks above or below these levels. The EA includes an Exponential Moving Average filter to align trades with the prevailing tren
This repository is a collection of Expert Advisors for MetaTrader 5, providing several distinct automated strategies such as range trading, ZigZag-based signals, and Fibonacci targets. The primary robot executes trades based on Moving Average calculations and specific intraday session times. It manages risk through fix
This MetaTrader 5 expert advisor is designed specifically for trading the Brazilian Mini Index. It utilizes a strategy based on Bollinger Bands and the Stochastic oscillator to identify potential market entries. The robot manages risk through predefined stop loss and take profit parameters. It features a specific compe
This repository provides a collection of MetaTrader 4 expert advisors centered on trend-following and hedging mechanics. The primary Trend EA identifies market entries using moving average crossovers, stochastic oscillators, and MACD indicators. Risk is managed through percentage-based equity lot sizing and pair-specif
This Expert Advisor implementation utilizes a Long Short Term Memory (LSTM) neural network to execute trades on MetaTrader 5. It functions as a proof-of-concept system where MT5 exports market data to CSV files, which are then processed by an external Python environment using PyTorch. The system requires manual configu
This MetaTrader 5 framework provides tools for integrating machine learning models with algorithmic trading. It features scripts designed to generate training data by exporting price action and technical indicators like RSI, MACD, and Stochastics into CSV formats. The system interfaces with external neural network mode
This MetaTrader 5 expert advisor executes trades based on a strategy involving nested Bollinger Bands and a 200-period moving average filter. The robot monitors price action relative to two sets of volatility bands with differing standard deviations to identify breakout opportunities. It enters positions when a specifi
Matrix Martingale is a MetaTrader 4 expert advisor designed to trade price action based on previous candle ranges. It utilizes a fixed Martingale lot scaling sequence across ten levels to manage trades. Entries are determined by Fibonacci levels, specifically placing orders at 25% or 50% retracements of the previous ca
This MetaTrader 4 expert advisor utilizes a modular approach to automated trading, offering multiple selectable strategies including trend-following, RSI mean-reversion, and moving average crossovers. It calculates entries using indicators like ADX, Stochastic, and Hull Moving Averages. Risk management is handled throu
This MetaTrader 4 repository contains a collection of automated trading scripts designed for the foreign exchange market. The primary robots include Mover, which utilizes moving average crossovers to identify trends, and Cristos, which focuses on market openings and news events. The collection also features a semi-auto
This MetaTrader 4 expert advisor acts as a multi-symbol scanner that monitors the Relative Strength Index and Money Flow Index indicators. It evaluates market conditions across six timeframes simultaneously, ranging from one-minute to four-hour charts. The logic triggers when both indicators reach specific overbought o
This MetaTrader 5 expert advisor is a development project for testing technical indicator strategies. It uses a combination of moving average crossovers and MACD signals to identify market entries. The EA includes time-based filters allowing users to specify exact opening and closing hours for daily trading sessions. R
This MetaTrader 5 expert advisor implements a statistical arbitrage strategy based on asset cointegration. It focuses on mean-reversion by identifying and trading pairs of assets that diverge from their historical price relationships. The software is pre-configured with a broad list of Brazilian equities and supports b
This repository is a collection of MetaTrader 5 expert advisors featuring various technical trading strategies. It includes individual robots based on moving average crossovers, MACD, Bollinger Bands, and linear regression models. Each EA is equipped with risk control parameters such as fixed stop losses, take profit l
Falcon B is a MetaTrader 4 robot developed for the Lazy Trading Project, designed to integrate with external decision support systems. It uses a combination of moving average crossovers and Keltner Channels to identify trade entries. The system includes robust risk management features, allowing for fixed or volatility-
Algo 01 is a MetaTrader 4 expert advisor that executes trades based on moving average crossover signals. It references an external custom indicator path for signal generation and allows users to define fast and slow moving average periods for its logic. The robot includes risk management features such as percentage-bas
Jaibot is a MetaTrader 4 expert advisor designed for scalping on the M15 timeframe. The software monitors a wide range of forex pairs, scanning for opportunities every five minutes via a timer-based function. It includes built-in Telegram integration using an external library to provide remote notifications and status
Discretion Algo is a collection of MetaTrader 4 experts designed for automated trading based on technical price action patterns. The repository provides distinct modules for identifying liquidity sweeps and engulfing candle formations. The system employs multi-timeframe analysis, by default analyzing price data across
This MetaTrader 4 expert advisor executes a strategy based on the 200-period Exponential Moving Average. It identifies potential entries when price action deviates from the EMA, specifically seeking bearish candles below the average for buy orders and bullish candles above the average for sell orders. The robot include
This MetaTrader 5 expert advisor utilizes ZigZag indicators and Fibonacci retracements to identify and trade ABCD patterns. Operating primarily on the M1 and M5 timeframes, the robot calculates entry points based on specific price ranges and Fibonacci levels such as 23.6 and 38.2. The system employs an aggressive marti
Break Time UJ is a MetaTrader 4 expert advisor that automates a breakout strategy triggered at a specific time of day. It identifies support and resistance levels using the BreakOut PANCA EAGLE custom indicator and applies a 60-period Exponential Moving Average as a trend filter. The EA manages risk through a trailing
This MetaTrader 4 expert advisor implements a trend-following scalping strategy using a combination of moving averages and the Stochastic oscillator. It identifies the primary trend using a 200-period Simple Moving Average and a 21-period Exponential Moving Average. Trades are entered during pullbacks when the Stochast
This MetaTrader 4 expert advisor executes trades based on the crossover of two moving average indicators. It initiates buy positions when the fast moving average crosses above the slow moving average, provided both indicators are trending upward, and opens sell positions on downward crossovers. The robot manages exits
This repository contains a collection of MetaTrader 5 expert advisors developed for educational purposes and study. The primary robot, Cruzamento Media EA, utilizes a moving average crossover strategy with configurable short and long periods. It incorporates essential risk management tools, including fixed stop loss, t
This MetaTrader 4 expert advisor executes a mean-reversion strategy driven by the Relative Strength Index. It enters trades when the RSI indicates overextended price levels and manages them using a grid-based approach. The EA scales lot sizes using a martingale factor and allows for position layering at specified dista
Artemis IA is an expert advisor for the MetaTrader 4 platform that executes trades in the forex market. It uses a strategy based on fractal methodology and technical indicators to determine market direction. The logic integrates the Parabolic SAR indicator across M1, M5, and M15 timeframes, complemented by signals from
This MetaTrader 4 expert advisor executes trades based on Exponential Moving Average conditions across multiple timeframes. Originally designed as a crossover strategy, it incorporates a dynamic stop loss mechanism that adjusts based on price distance from the entry point. The robot features built-in risk controls, inc
This repository contains a collection of MetaTrader 4 and MetaTrader 5 expert advisors focused on multi-indicator signal processing. The logic evaluates market conditions by aggregating data from Moving Averages, ADX, Accelerator Oscillator, Volume, and Momentum indicators across several timeframes such as M5, M15, and
EA Swap is a MetaTrader 4 expert advisor designed to capture interest rate differentials during the triple rollover period, typically occurring on Wednesdays. It automates the process of opening a buy or sell position shortly before the swap is charged and closing it after the rollover is processed. The robot includes
This automated trend-following expert advisor for MetaTrader 4 is designed specifically for the GBPJPY pair on the H1 timeframe. It identifies market entries using the Commodity Channel Index and Moving Average Convergence Divergence indicators. The system operates within specific GMT hours and manages a maximum of two
Uzi Forex EA is a centralized trade copying system for MetaTrader 4 that utilizes a server-client architecture. It consists of a server module that broadcasts signals from a designated master account and a client expert advisor that executes trades locally. Users can define fixed lot sizes, limit the total number of co
This MetaTrader 4 repository contains a collection of expert advisors focused on simple automated trading logic. The scripts include various entry methods such as Relative Strength Index triggers and time-based executions. Risk management is implemented through standard parameters including fixed lot sizing, stop loss,
This MetaTrader 4 tool monitors several currency pairs and gold using the Ichimoku Kinko Hyo indicator. It identifies price crosses across the Tenkan-sen, Kijun-sen, and Senkou Span lines. The tool generates alerts based on price action relative to these levels on timeframes ranging from thirty minutes to one day. It s
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
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 MetaTrader 4 expert advisor collection features a robot based on Stochastic oscillator crossovers. It monitors the M15 timeframe to identify shifts in momentum, entering trades when the fast indicator line crosses the slow line. The system automatically manages exits by closing opposing positions before opening ne
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
This MetaTrader 4 collection features automated trading scripts primarily based on the Ichimoku Kinko Hyo indicator. The expert advisors execute trades by analyzing the relationship between Tenkan-sen and Kijun-sen lines relative to the Senkou Span cloud. Risk is managed via fixed lot sizing and a maximum concurrent tr
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
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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