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
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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
Trading robot 536Trade manager 2Risk & protectionNews tradingCopier & bridge 1Framework & template 19Collection 242Utility 9
Strategy
HiLo Pro is a MetaTrader 5 robot that identifies trades using a combination of the HiLo Activator and the Relative Strength Index. It executes long or short positions based on trend direction and momentum filters for overbought or oversold conditions. The EA includes intraday time management, allowing users to define s
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
Aych MT Learn is a repository for MetaTrader 4 that provides a baseline expert advisor for educational purposes. The robot implements a classic strategy based on Moving Average Convergence Divergence (MACD) crossovers filtered by an Exponential Moving Average trend component. It includes standard trade management featu
This MetaTrader 5 expert advisor executes trades based on the direction of the most recently closed candle, offering both trend-following and counter-trend modes. Its core logic utilizes a martingale lot scaling system, where position sizes are increased by a user-defined factor following a loss to recover previous def
This repository provides a collection of Expert Advisors for MetaTrader 5, primarily focused on technical indicator strategies and algorithmic trading examples. The main file utilizes a Moving Average signal combined with a Parabolic SAR trailing stop for automated trade management. It includes a lot-sizing module that
This repository provides a collection of MetaTrader 4 expert advisors and libraries designed to integrate with the 4xlots risk management web service. The collection includes various trading robots such as a trend-following system, a double SMA crossover strategy, and a Martingale-based EA. It focuses on dynamic risk c
This expert advisor for MetaTrader 4 executes trades based on the engulfing candle pattern, a classic price action signal. It identifies scenarios where the current candle completely covers the previous candle's range and filters entries using a Moving Average to ensure alignment with the prevailing trend. The EA place
This repository provides a collection of MetaTrader 5 expert advisors, including standard MetaQuotes examples and specialized indicator-based bots. The expert advisors utilize technical analysis tools like MACD, Moving Averages, and Parabolic SAR to automate market entries. Risk management is handled through user-defin
This repository serves as a collection of MetaTrader 5 expert advisors and educational scripts. It includes a variety of automated trading systems based on common technical indicators such as Moving Averages, RSI, and Stochastics. The collection features specific strategies including Bill Williams techniques and trend-
This repository is a collection of over forty MetaTrader 4 expert advisors covering various trading styles and market conditions. It features the EA31337 multi-strategy framework alongside specialized bots for currency strength, New York session breakout patterns, and Heikin Ashi trend following. The collection include
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
This MetaTrader 4 repository contains a collection of expert advisors, including implementations of the standard MACD Sample and Moving Average strategies. The primary MACD robot enters trades based on MACD signal line crossovers filtered by an exponential moving average trend component. Risk management is handled thro
DWater EA is an automated trading robot for MetaTrader 5 that uses a trend-following approach based on price speed and position relative to trendlines. It utilizes smoothed moving averages across dual timeframes to identify entries. The strategy incorporates a grid-based recovery mechanism, adding positions at fixed in
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
This repository contains a collection of MetaTrader 5 expert advisors developed for various market conditions and strategies. The files include implementations of trend-following systems like the Dunnigan NRTR, signal-based dashboards using multi-indicator confirmation, and experimental artificial intelligence models.
Laguna EA is an automated trading robot for MetaTrader 5 that utilizes the Average Directional Index and Exponential Moving Averages to identify market trends. It filters entries by requiring a minimum ADX value to ensure sufficient trend strength before executing trades. The system manages risk with fixed lot sizing a
This MetaTrader 4 expert advisor is an automated trading robot developed for a 2019 trading competition. It executes trades based on a price range breakout strategy, calculating entry levels from the high and low values of previous candles. The algorithm filters entries using a 10-period Exponential Moving Average and
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,
Junbari MT4 is a trend-following expert advisor for MetaTrader 4 that identifies trade entries based on price breakouts. The system monitors the highest highs and lowest lows over a specific lookback period to determine market direction. It enters positions when the current price breaks a historical level and meets a m
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
This MetaTrader 5 repository contains a collection of experimental expert advisors focused on trend-following and crossover logic. The primary codebase utilizes the Average Directional Index (ADX) to gauge trend strength and Moving Average crossovers to determine trade entries. The included tools feature hardcoded stop
MACD MA Cross is a MetaTrader 4 expert advisor that automates entries based on the alignment of MACD signals and Moving Average crossovers. The strategy triggers trades when indicators confirm a trend, using Linear Weighted Moving Averages (LWMA) for direction. The EA features an unconventional exit strategy where posi
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
This collection for MetaTrader 4 and 5 includes various expert advisors exploring fuzzy logic and standard technical indicators. The primary logic demonstrated in the source files utilizes Simple Moving Averages to identify trend direction and price positioning. It features standard risk controls including fixed lot si
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 collection for MetaTrader 4 includes various expert advisors, with the primary HL Monday Order EA focusing on weekly price ranges. The software identifies Monday's high and low prices to set automated entry levels, stop loss positions, and take profit targets using configurable pip adjustments. The repository incl
Proper Bot is a MetaTrader 4 expert advisor that utilizes a triple moving average crossover for trend detection combined with a manual grid management system. It filters entries based on volume and specific price levels. When a trade moves against the initial position, the EA opens additional orders at predefined point
This MetaTrader 4 expert advisor automates trading based on trendline analysis. It identifies price trends within a specific lookback period and executes entries when price aligns with these detected structures. The robot manages risk through a percentage-based money management system, requiring a stop loss and minimum
Quanta is an automated trading robot for MetaTrader 4 and MetaTrader 5 that executes trades based on external indicator signals. The EA utilizes the WebRequest function to download data and HTML files from a remote server to guide its trading logic. For risk control, the system provides parameters for manual lot sizing
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 executes trades based on the crossover of two Simple Moving Averages. It identifies trend shifts by comparing the relationship between a fast and a slow moving average over the two most recent bars. The robot enters a buy position and closes existing sell trades when the fast MA crosses
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
Gold Warrior is a MetaTrader 5 expert advisor that utilizes a combination of Commodity Channel Index (CCI), ZigZag, and momentum impulse indicators for trade execution. The robot manages individual positions with fixed stop loss and take profit settings while employing a trailing stop for profit protection. It features
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
This MetaTrader 4 expert advisor executes trades based on short-term price momentum across three consecutive candles. It monitors closing prices to identify price direction, initiating a buy order when prices are rising or a sell order when prices are falling. The system includes configurable fixed stop loss and take p
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
A collection of MetaTrader 4 expert advisors centered around trend-following strategies using standard technical indicators. The primary logic utilizes MACD signal line crossovers filtered by moving average trends to identify entry points. Risk management is handled through fixed lot sizing, predefined take profit leve
Multi Trader is a MetaTrader 4 tool designed to execute and manage a multi-position strategy through an on-chart dashboard. It allows traders to open up to three simultaneous orders with a unified stop loss but independent take profit targets and lot sizes. The expert advisor manages trade progression by adjusting stop
This repository provides a specialized framework and example expert advisors for developing Renko-based trading systems on the MetaTrader 5 platform. It includes a dedicated MQL5 header library that simplifies integration with the Median Renko indicator bundle. The framework handles the acquisition of chart settings au
This repository provides a collection of expert advisors for the MetaTrader 5 platform, primarily utilizing the standard MQL5 library components. The main expert advisor, ExpertMAPSARSizeOptimized, generates trade entries based on Moving Average crossovers and manages exits using a Parabolic SAR trailing stop. It inclu
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
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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