This MetaTrader 5 expert advisor implements a multi-currency trading strategy based on a coefficient matrix of major forex pairs. It monitors price movements across a predefined set of currencies, including EUR, USD, GBP, AUD, JPY, and CAD, to identify trading opportunities. The system manages trades as a collective ba
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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
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
This collection for MetaTrader 4 provides utility scripts for trade management and execution. The primary tool, GECloseOpen, automates the process of closing existing positions with a specific comment and opening a new trade. It calculates lot sizes based on a user-defined percentage of account equity. Users can specif
This MetaTrader 4 expert advisor executes trades based on a triple moving average strategy. It utilizes fast, slow, and trend moving average periods to identify entry points, including new trends, trend continuations, and price touches on moving averages. The system includes built-in risk management via a fixed stop lo
This MetaTrader 4 expert advisor executes trades based on a trend-following system using four Simple Moving Averages and a custom indicator. It identifies entry points when price interacts with a specific sequence of moving averages (25, 75, 100, and 200 periods) while confirming the trend direction. Risk management is
This MetaTrader 4 utility captures chart screenshots and sends them to a Telegram channel or chat. It functions as a bridge between the trading platform and the Telegram API by utilizing an external DLL for communication. The expert advisor can generate a series of images at specified intervals or counts, demonstrating
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
Simple MA Crossover is a MetaTrader 4 expert advisor that executes trades based on the intersection of two moving averages. It enters long or short positions when the fast moving average crosses the slow moving average, while simultaneously closing any open trades in the opposite direction. Users can configure the peri
Awesome EA is an automated multi-pair trading robot for MetaTrader 4 built on the Steve Hopwood Forex framework. It implements a trend-following strategy that filters entries using daily Peaky and SuperSlope indicators, executing trades when signals align on shorter timeframes. The system manages risk through equity-ba
This MetaTrader 5 expert advisor executes trades based on the crossover of two moving averages. It allows users to define periods for both long and short averages and select the calculation method, such as Exponential Moving Average. The EA includes internal time management, allowing for specific start and end times pl
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 5 expert advisor implements a classic dual moving average crossover strategy. It tracks two Simple Moving Averages with configurable fast and slow periods to determine trade entry and exit points. The robot checks for signals every 15 seconds via a timer function rather than on every price tick. Users c
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
This repository is a collection of legacy MetaTrader 4 expert advisors and code snippets. The library includes several distinct trading robots such as The Puncher, SmallDog, and the KMB series. These programs generally employ technical indicators to identify entry points and manage positions using configurable paramete
No Brainer is a MetaTrader 4 expert advisor that utilizes a triple Exponential Moving Average crossover strategy to identify market trends. It incorporates a Standard Deviation filter to assess volatility, determining if market conditions are suitable for trading. The EA manages risk through user-defined stop loss and
This MetaTrader 4 expert advisor automates trading using the Ichimoku Kinko Hyo indicator with hardcoded period settings for the Tenkan-sen, Kijun-sen, and Senkou Span B. It identifies trend-based entries and manages positions using a currency-specific risk module. The robot applies fixed stop loss and take profit valu
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 focuses on account protection and risk management. It monitors various drawdown levels, including weekly, monthly, and emergency thresholds, and enforces trading pauses if these limits are exceeded. The tool also evaluates trading performance by checking the risk-to-reward ratio of hist
This MetaTrader 5 expert advisor implements a triangular arbitrage strategy targeting price discrepancies between correlated currency pairs. The robot monitors specific instruments, including EURUSD, USDJPY, EURJPY, USDCAD, and CADJPY, to identify synthetic price gaps. It executes trades when the calculated gap exceeds
This MetaTrader 4 expert advisor collection consists of several experimental trading scripts, including trend-following and peak-detection strategies. The primary EA uses a custom trending indicator to categorize the market into specific zones based on user-defined threshold levels. It automatically opens or closes pos
This MetaTrader 4 expert advisor facilitates the rapid placement of multiple buy or sell orders. Users can toggle directional orders through input parameters, allowing the utility to open several positions up to a hardcoded limit of twenty trades. The software functions primarily as an order execution tool and includes
This MetaTrader 4 expert advisor executes trades based on the Average Directional Index (ADX) and Directional Movement Index (DMI) indicators. Developed as part of a study group, the robot identifies trend strength and direction to automate market entries. A key feature is its risk management logic, which utilizes Bill
This expert advisor for MetaTrader 4 implements a price action strategy based on the inside bar candlestick pattern. It identifies scenarios where the current candle is contained within the price range of the previous candle. The EA automatically places buy stop and sell stop pending orders at specific distances from t
This MetaTrader 4 expert advisor identifies and monitors currency pairs with high statistical correlation. It scans the market to find symbols that move in tandem with the current chart, filtering results based on a user-defined minimum correlation coefficient. The EA manages chart generation for identified pairs and i
Equity Tracker is a risk management utility for MetaTrader 4 designed to monitor account equity in real time. It serves as a global protection mechanism by automatically closing all open and pending positions when equity reaches a predefined target or drops below a minimum threshold. Users can configure these exit leve
Mozar 1 is a MetaTrader 4 utility that monitors open positions to manage stop loss levels. It iterates through active orders on the current chart symbol and identifies buy or sell trades. The tool is designed to apply a user-defined stop loss distance in pips if a trade lacks protection. It utilizes both the standard t
This expert advisor for MetaTrader 4 automates a trading strategy based on the Pin Bar candlestick pattern. It monitors the market for new bars and uses a custom detection function to identify Pin Bar formations. Once a signal is found, the robot enters trades with calculated stop loss and take profit levels, often tar
A trend-following robot for MetaTrader 4 that utilizes dual Hull Moving Average (HMA) indicators and Heiken Ashi candle analysis to identify market direction. The expert advisor enters trades based on price patterns and candle color sequences, confirmed by HMA trend periods. Risk management features include fixed stop
This repository contains a collection of MetaTrader 4 expert advisors, featuring standard technical indicator samples such as the MACD and Moving Average robots provided by MetaQuotes. The MACD expert employs a combination of indicator crossovers and an Exponential Moving Average trend filter for trade entry signals. R
This MetaTrader 4 expert advisor identifies Marubozu candlestick patterns to execute trades based on price action momentum. The logic is implemented through an object-oriented structure that detects candles with negligible wicks. It includes basic position management functions for opening trades with stop loss and take
This MetaTrader 4 repository hosts a collection of expert advisors, including the standard MACD Sample robot and several specialized EUR-focused scripts. The primary MACD EA identifies entries using MACD histogram crossovers with the signal line, filtered by an Exponential Moving Average trend period. Trade management
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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