Suminsky EA is an automated trading tool for the MetaTrader 4 platform that utilizes a level-based execution strategy. The robot places orders within a specified price range, divided into multiple lines or levels to manage entries. It features risk management settings including fixed lot sizing, a take profit target, 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
Scalpy is an automated scalping robot for MetaTrader 4 that utilizes multiple Exponential Moving Averages across different timeframes to identify entry signals. The system analyzes the 8 and 21 EMAs on the H1 timeframe for trend anchoring while using the 8, 13, and 21 EMAs on the M5 chart for execution. It includes a m
This repository contains a collection of MetaTrader 5 expert advisors, primarily featuring the Pato Novo robot. Pato Novo utilizes moving average signals for trade entries and manages risk with fixed lot sizing, stop loss, and take profit parameters. It includes logic to limit the number of consecutive winning or losin
This repository contains a collection of MetaTrader 4 expert advisors designed for automated forex trading. The robots implement a loss-recovery mechanism that scales lot sizes based on the cumulative deficit of previous losing trades. Each EA includes adjustable parameters for stop loss and take profit targets to mana
Falcon C is a MetaTrader 4 expert advisor that implements a rule-based strategy using moving average crossovers and Keltner Channels. It relies on an external deep learning framework built in R to categorize current market regimes, such as normal or volatile bull and bear phases. Based on these categories, the robot sw
This MetaTrader 4 expert advisor executes automated trades based on Moving Average crossover logic and the Chandelier Exit method. It utilizes multiple Moving Average periods and shifts alongside Average True Range and price extremes to identify market trends and potential exit points. Risk is managed through fixed lot
This expert advisor serves as a bridge between MetaTrader 4 and external applications using the ZeroMQ messaging protocol. It allows external programs to communicate with the terminal over TCP sockets to send trading commands or retrieve market data. The EA functions as a server, hosting REP and PUSH sockets to handle
Fomo Manual Trading Tool is an expert advisor for MetaTrader 4 designed to facilitate fast manual execution through keyboard hotkeys. It bypasses the standard order window, allowing users to open buy and sell positions, set limit orders, and adjust lot sizes instantly. The tool includes functions to increase or decreas
This expert advisor acts as a communication bridge between MetaTrader 5 and external software environments using the ZeroMQ messaging protocol. It implements a publisher-subscriber model to broadcast real-time symbol data, including bid and ask prices, as JSON strings over a network connection. The EA allows users to c
This MetaTrader 4 expert advisor executes trades based on price movement relative to a specific daily start hour. It functions by comparing current prices to historical hourly opens, seeking specific pip deviations to trigger entries. The EA includes risk management features such as fixed lot sizing, hard stop loss, ta
This MetaTrader 4 expert advisor automates trading using a Moving Average crossover strategy, specifically configured for the GBPUSD pair on fifteen-minute charts. It enters positions based on dual indicator signals and manages them through a combination of money-based take profit targets and lot size scaling. The syst
Adeline SMA Crossover is a MetaTrader 4 expert advisor that automates trading based on Simple Moving Average (SMA) crossover signals. The repository provides two versions of the strategy, utilizing SMA 40 and SMA 70 periods to identify trend shifts. The robot enters trades when a short-term moving average crosses the l
This MetaTrader 5 tool monitors the market price of a financial instrument and sends a push notification to the mobile terminal once a user-defined price level is reached. The utility utilizes a single input parameter to specify the target Ask price. Upon hitting the target, the expert advisor triggers the notification
YYEA is an automated trading robot for MetaTrader 4 that uses a combination of technical indicators to identify entry points. The strategy incorporates Relative Strength Index levels, Moving Average divergence, and daily high-low price levels tracked over a four-day period. It primarily focuses on shorter timeframes, s
This MetaTrader 4 repository contains a collection of expert advisors utilizing various technical indicators for Forex trading. One included EA uses Keltner Channels and Average True Range to determine market entries and exits. It features configurable risk management, including fixed or percentage-based lot sizing, st
This utility for MetaTrader 5 automates the collection and extraction of historical price data into CSV format. It captures essential market information including date, open, high, low, and close prices. The tool allows users to specify a single symbol for export or process all available symbols in the terminal. It inc
This repository contains a collection of MetaTrader 4 expert advisors and utility functions. The primary component is a multi-symbol dashboard that manages trades using specialized indicators and various exit strategies. It features advanced trade management tools including multiple trailing stop methods such as ATR, B
This MetaTrader 4 expert advisor functions as a trade copier, specifically acting as the slave component to receive and replicate orders from a source file. It features flexible lot sizing options, allowing users to apply a scaling coefficient, force a fixed lot size, or calculate volume based on the account balance. T
This utility for MetaTrader 4 monitors open trades and sends push notifications when the market price approaches an order's stop loss level. It allows users to define a specific distance threshold and includes a debounce time setting to filter out brief price spikes or noise. The tool loops through all active positions
This MetaTrader 4 expert advisor provides a utility framework for account risk management and manual trade execution. It monitors account equity and margin levels, offering alerts based on predefined risk percentages per order and total account exposure. The software includes an example for keyboard-based trading, allo
JCS Patterns is an experimental MetaTrader 4 expert advisor designed to detect and trade bullish engulfing patterns. It serves primarily as a template for further development, entering trades based on specific Japanese candlestick formations. The robot includes a trailing stop mechanism and comprehensive logging capabi
This MetaTrader 4 repository contains a collection of trading tools and expert advisors, primarily focused on the PATI Trading Assistant. The software functions as a trade manager that supports semi-automated entries by drawing range lines and placing pending orders. It includes risk controls such as customizable stop
DayT is an automated trading expert advisor for MetaTrader 4 that executes trades based on technical indicators. It utilizes a dynamic position sizing model where lot sizes are calculated using a risk factor relative to the account free margin and leverage. The system includes various trade management features such as
This MetaTrader 4 expert advisor utilizes the MACD and ZigZag indicators to identify potential market entries based on price action swings. It tracks historical highs and lows using standard ZigZag parameters like depth, deviation, and backstep to detect trend reversals. A unique aspect of this EA is the integration of
This MetaTrader 4 expert advisor automates trading strategies based on the Relative Strength Index (RSI) and moving average logic. It identifies potential entry points when the RSI reaches specific overbought or oversold levels, supported by a moving average filter. The robot includes essential risk management controls
Make Money is a MetaTrader 5 trading robot specifically configured for the EURUSD currency pair. The expert advisor utilizes standard MQL5 library classes to monitor account status, symbol properties, and open positions. It tracks price data at minute intervals and incorporates a 25-period moving average reference for
MQL4 Benchmark provides a specialized module for measuring the execution speed of code within MetaTrader 4. The tool allows developers to profile specific functions, loops, or logic segments by calculating the elapsed time and outputting the results to the terminal Experts tab. It supports manual start and end points f
This MetaTrader 4 module provides a simplified interface for file system operations within the MQL4 environment. It functions as a programming library to assist developers in managing files without complex low-level coding. The package includes methods to read and write text data, copy existing files, delete files, and
MQL4 Environment Configuration Tool is a utility for MetaTrader 4 that enables developers to manage account settings and environment variables using external files. It supports reading key-value pairs from plain text or ini files located in the terminal data folder. This approach allows for the externalization of sensi
This MetaTrader 4 framework provides a module for unit testing MQL4 code across multiple simulated account environments. It allows developers to verify function logic by comparing actual execution results against expected values. The tool can cycle through different broker settings using external configuration files to
Project Pips is a MetaTrader 4 expert advisor that automates trades based on moving average crossover signals. It includes a variety of entry and exit parameters, such as the ability to close positions on opposite signals or reverse positions based on price distance. Risk management is highly configurable, offering fix
Price Less EA is an automated trading robot for the MetaTrader 4 platform that implements a grid-based recovery strategy. It combines moving average crossovers for entry timing with a multi-level position layering system. The robot initiates trades and scales lot sizes using step-based increments at fixed distances. It
This MetaTrader 4 expert advisor implements a technical trading strategy based on the Exponential Moving Average and Relative Strength Index. It triggers buy orders when both indicators align bullishly and sell orders when they align bearishly. Specifically, it monitors RSI levels for overbought and oversold conditions
This MetaTrader 4 expert advisor executes trades based on the alignment of Exponential Moving Average and Relative Strength Index indicators. The system enters buy orders when RSI suggests an oversold condition alongside bullish EMA momentum, and sell orders for overbought bearish conditions. It uses a fixed lot size a
This MetaTrader 4 utility exports candlestick data for a specific financial instrument across various timeframes into a local SQLite database. It retrieves historical price action and continues to update the database as new ticks arrive. The program allows users to set a custom time zone offset and specify the instrume
A MetaTrader 4 expert advisor collection primarily focused on range breakout and BBMA strategies. The breakout EA identifies price ranges within a specific time window, executing trades based on price movement outside these boundaries. It includes risk management features such as stop loss, take profit with step-based
This repository contains five MetaTrader 4 Expert Advisors focused on technical indicator strategies. The robots implement multi-timeframe stochastic logic, single exponential moving average crosses for mean reversion or trend following, and classic dual moving average crossovers. Each system manages its own exits thro
This collection for MetaTrader 4 and 5 features the Guangying multi-symbol expert advisor alongside various utility tools and martingale-based robots. The primary system monitors multiple forex pairs and gold from a single chart using Fibonacci-derived logic for trade entries. It includes risk controls such as equity d
This MetaTrader 4 expert advisor implements an automated trading strategy based on a combination of technical indicators, including the Relative Strength Index, Moving Averages, and MACD. The bot evaluates price action against these indicators to determine trade entries. It manages active positions using a fixed lot si
This MetaTrader 5 repository is a collection of various Expert Advisors and trading utilities. The primary EA implements a strategy based on the Relative Strength Index (RSI), Bollinger Bands, and Parabolic SAR indicators. It executes trades using overbought and oversold levels in conjunction with volatility bands. Ris
Stat Euclidean Metric is a MetaTrader 4 expert advisor that utilizes pattern recognition via Euclidean distance calculations and k-nearest neighbor logic. The robot compares current market price vectors against historical data stored in external binary files to identify trade opportunities. It enters positions when cal
This MetaTrader 4 expert advisor utilizes the SuperTrend and Bollinger Bands indicators to identify market entries. It monitors for trend changes, breakouts, corrections, and pullbacks. The EA incorporates several risk management tools, including a configurable stop loss, dynamic stop loss logic, and a trailing stop. I
This MetaTrader 4 utility provides a graphical user interface for manual trade management. It creates interactive on-chart buttons that allow traders to execute bulk exit commands with a single click. The tool facilitates closing all open positions, specifically targeting sell orders, or focusing on buy orders. It also
This MetaTrader 4 expert advisor implements a trend-following strategy based on the Parabolic SAR indicator. It monitors indicator flips to identify potential entry points, opening buy positions when the SAR dots move below the price and sell positions when they move above. The robot manages trades using fixed stop los
This MetaTrader 5 expert advisor is a research-oriented framework designed to scan and analyze Ichimoku Kinko Hyo indicator criteria across multiple symbols. It evaluates price positions relative to the Chikou Span, Senkou Span A, and Senkou Span B to identify market reactions. The utility includes features for exporti
Lars Advisor is a MetaTrader 4 grid-based robot that enters trades using a fixed distance interval and manages them through a trailing stop mechanism. It features lot scaling where each grid step increases the trade volume by a specific delta, functioning as a lot-addition martingale. The EA operates on a timer-based u
This MetaTrader 4 trade manager provides a graphical user interface for closing open positions based on technical indicator conditions. It does not open new trades but manages existing ones using RSI levels, ADX filters, and volatility-based logic. The utility includes a break-even function and adjustable ATR settings
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
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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