This expert advisor is a utility for MetaTrader 4 and MetaTrader 5 designed to manage stop-loss levels for existing trades. It utilizes Bill Williams' Fractals indicator to dynamically adjust the stop loss as new fractal points form on the chart. Users can configure the number of bars to scan and specify which fractal
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Expert Advisor Library
1,978 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Strategy
Ubot is an automated trading system for MetaTrader 4 that utilizes the Traders Dynamic Index (TDI) indicator to execute market entries. It identifies specific technical patterns described as sharkfin and squeeze setups to determine trend direction and volatility. The expert advisor features advanced trade management to
This MetaTrader 4 expert advisor implements a classic moving average crossover strategy to automate trade entries. The robot monitors two user-defined simple moving averages of different periods. It enters a trade when the faster moving average crosses above or below the slower moving average on a new bar. Risk managem
This MetaTrader 4 expert advisor facilitates automated trading based on asset correlations across various markets. It identifies opportunities within a predefined list of symbols, including forex pairs, cryptocurrencies, gold, and equity indices. The EA manages entries based on the relationship between these instrument
This MetaTrader 4 expert advisor provides a foundational framework for developers to create custom automated trading systems. It establishes a structured environment for handling trade signals, entry execution, and exit management. The template includes standard risk parameters such as fixed lot sizing, stop loss, and
This MetaTrader 4 repository contains a collection of expert advisors developed for the Eingana social trading project. It features multiple strategies, including a Keltner Channel-based mean-reversion system for pairs like EURNZD and EURAUD, alongside a EURUSD scalper. The robots typically enter trades when price acti
PATI Trading Assistant is a MetaTrader 4 utility designed to facilitate trade management and bookkeeping based on the PATI trading methodology. It automates the placement of stop losses and take profits, specifically managing range breakout and pullback setups. The EA includes risk controls such as the Two Minute Rule
This repository contains a collection of over sixty experimental expert advisors for the MetaTrader 4 platform. The core functionality revolves around the Model Maker series, which uses statistical iterations to generate and test trading logic based on various input types and comparers. The system evaluates potential s
Persistent Anti is a technical expert advisor for MetaTrader 4 and 5 that attempts to exploit the statistical persistence or anti-persistence of price trends. It analyzes a user-defined number of historical candles to determine if the market is currently repeating or reversing its previous directional movements. The ro
This MetaTrader 4 expert advisor implements the No Nonsense Forex (NNFX) trading algorithm. It utilizes a modular structure comprising a baseline indicator for trend direction, dual confirmation signals, and a volume filter to detect market volatility. The system includes specific NNFX rules such as the seven-candle ru
This expert advisor acts as a trade manager for MetaTrader 4 and 5, focusing on automated stop-loss adjustments. It uses the Supertrend indicator to dynamically calculate and move the stop-loss level for existing positions. Users can filter which trades are managed based on symbol, magic number, trade type, or comments
Falcon F2 is an expert advisor for MetaTrader 4 that implements model-based trading by interpreting external signals. The robot acts as an execution interface for predictions generated outside the platform, such as those from R-based models or a Decision Support Centre. It enters trades when predicted price changes exc
SR Expert is a MetaTrader 4 robot that executes trades based on price reversals at support and resistance levels. It determines key levels by analyzing daily high and low price data to calculate dynamic trading intervals. The expert advisor features automated position sizing calculated as a percentage of the account ba
This MetaTrader 4 expert advisor automates trading by combining the Relative Strength Index (RSI) with Ichimoku Kumo signals. It scans every instrument listed in the Market Watch window to identify entries across multiple pairs simultaneously. The robot includes a built-in spread filter to avoid high-cost executions an
Conservative Scalper EA is a MetaTrader 4 robot designed for intraday scalping on major currency pairs such as EURUSD, GBPUSD, and USDJPY. It determines market bias on the M15 timeframe using dual Exponential Moving Averages and enters trades on the M5 chart based on RSI levels and candle breakouts. The system prioriti
MyRandom is a proof-of-concept expert advisor for MetaTrader 4 and 5 that executes trades in random directions. Developed for educational purposes and backtesting research, the robot enters a position after a user-defined number of bars have passed. It includes standard risk management controls such as fixed lot sizing
Timed Order is a utility expert advisor that schedules market or pending orders to be executed at a specific time. It supports one-time execution or daily recurring trades on specified days of the week. The EA allows setting stop-loss and take-profit levels using fixed prices, point distances, ATR multipliers, or sprea
AlgoMaster NNFX is an algorithm development and testing system for MetaTrader 4 and 5, built specifically to implement the No Nonsense Forex (NNFX) trading methodology. It enables users to test trading logic across 28 major forex pairs while managing complex factors like currency exposure, news events, and market volat
A notification utility for MetaTrader 4 that monitors multiple technical indicators to generate trade alerts. It tracks moving average crossovers, specifically the 50 and 200 periods, along with Relative Strength Index levels, Bollinger Band breakouts, and MACD confirmations. Users can configure the tool to send notifi
This collection of MetaTrader 4 expert advisors focuses on technical analysis strategies such as moving average crossovers and chart patterns. The primary EA utilizes dual moving averages alongside fractal detection to identify entry points based on price momentum. It incorporates risk management tools including hard s
This MetaTrader 4 expert advisor implements a reversal and trend-following strategy based on SOMAT3 and IRC Triplets indicators. It evaluates price action across consecutive bars to identify entries and offers an optional trend filter for signal validation. The system manages risk using fixed lot sizing, initial stop l
This expert advisor functions as a bridge that transforms a MetaTrader 4 terminal into an HTTP REST server. It enables external applications to communicate with the trading platform using HTTP requests via a defined host and port. The tool manages command processing through a millisecond timer and includes an IP-based
This expert advisor functions as a communication bridge between MetaTrader 4 and external software using the ZeroMQ messaging protocol. It enables a Python client to interact with the trading platform through a local server implementation on the MT4 terminal. The EA manages PUSH and PULL sockets to facilitate the excha
Mayordomo is a management expert advisor for MetaTrader 4 that facilitates account monitoring and remote trade intervention via Telegram. It periodically transmits balance, equity, and open position data to a designated Telegram channel. Beyond reporting, it acts as a controller, allowing users to close all active trad
This tool provides an interface between MetaTrader 4 or 5 and an external AI-powered analysis server. It allows users to request market evaluations from over thirty-four different AI models through a custom Node.js API bridge. The provided example expert advisor visualizes analysis results—including market trend, trade
This repository serves as a collection of MetaTrader 4 tools and indicators, with its main script being a multi-pair trading dashboard. The dashboard operates as an on-chart utility, enabling users to execute manual buy, sell, and close orders across multiple instruments simultaneously using clickable buttons. It manag
This MetaTrader 4 expert advisor is designed for gold scalping using a combination of Relative Strength Index and Exponential Moving Average indicators. It identifies entry points when momentum reaches specific overbought or oversold thresholds while considering moving average trends. The system manages risk through fi
This MetaTrader 4 expert advisor acts as a bridge between Discord and the trading platform. It monitors specific text files in a local directory to receive commands and execute limit orders automatically. The bot utilizes Windows system calls via kernel32.dll for low-level file operations to synchronize with an externa
News Stopper is a utility for MetaTrader 4 designed to manage trade exposure and platform activity around scheduled economic events. It fetches data from external news calendars to automatically disable the automated trading button, close open positions, or delete pending orders. The tool allows users to set specific t
This educational expert advisor for MetaTrader 4 and 5 demonstrates a logic for scaling into winning positions. It utilizes a simple moving average crossover strategy for initial trade entries. The primary feature is a function that detects when a current position has reached a specific profit target to trigger additio
This MetaTrader 4 expert advisor executes trades repeatedly at a user-defined price level. The robot monitors price action and opens a buy or sell position when the market reaches the specified entry price. Once a trade is closed via the designated take profit target, the EA resets and prepares to re-enter the market a
This repository contains a collection of MetaTrader 4 expert advisors focusing on technical analysis and pattern recognition. The included tools range from robots utilizing Volume Spread Analysis (VSA) and fractal-based trend detection to indicators like NeuroMACD and ACD patterns. The primary EA uses ZigZag and fracta
JT Prop Firm Trade Manager is a risk management utility for MetaTrader 4 designed to protect accounts from violating equity and drawdown rules. It monitors daily loss limits and maximum drawdown, allowing users to configure thresholds in either currency or percentage. The tool features time-based filters to restrict ov
One-Click Trade Pro is a position management and execution panel for MetaTrader 4. It provides a robust graphical interface to open market and pending orders with one click. Users can execute trades via standard buttons, chart-based lines, or opposite order distance settings. The tool calculates optimal lot sizes based
This MetaTrader 4 expert advisor serves as a bridge to automate trade execution based on messages from Telegram signal channels. It parses incoming text for specific commands such as market orders, pending orders, and order modifications. The tool handles trade management tasks including breakeven adjustments, stop los
This repository contains two MetaTrader 4 expert advisors that automate trading based on Bollinger Bands and the Relative Strength Index. One version uses only Bollinger Bands, while the second combines them with RSI to filter entries. The logic enters positions when price crosses specific outer bands and exits based o
This collection for MetaTrader 4 offers a variety of specialized utilities and signal indicators to streamline trading workflows. It features a Renko generator for creating custom offline price charts with fixed or ATR-based box sizes. Additional components include an Ichimoku-based signal generator, a tool for identif
Three Bar Play EA is a MetaTrader 4 robot designed for scalping based on three-bar price action patterns, specifically confirmations and reversals. The system manages risk by limiting execution to three trades per day and calculating position sizes based on a 2% account balance risk model. Upon identifying a setup, it
Event Trader is a news-trading utility for MetaTrader 4 designed to automate straddle entries around scheduled economic releases. The EA places buy-stop and sell-stop orders at a user-defined GMT time and distance from the current market price. It incorporates one-cancels-the-other logic to delete the opposing pending
This MetaTrader 4 utility provides a framework for developers to implement event-driven trade monitoring. It replicates the native MQL5 OnTrade function within the MQL4 environment, which lacks a built-in event for position changes. By monitoring the order pool during each price tick, the code detects when trades are o
This MetaTrader 4 module facilitates communication between the trading platform and Slack channels. It operates as an integration tool, allowing users to programmatically send text notifications and updates directly from their Expert Advisors to a specified Slack workspace. The utility requires a Slack API key and supp
This expert advisor establishes a communication bridge between MetaTrader 4 and external applications using the ZeroMQ messaging protocol. It functions as a technical connector that enables data exchange and command execution via PUB and SUB socket patterns. The bridge supports TCP transport and requires the installati
This Expert Advisor for MetaTrader 4 utilizes automated trading logic reportedly assisted by AI models like GPT-4o and ATNet. It executes trades based on market analysis and includes built-in risk controls such as dynamic lot sizing, trailing stops, and a time filter to restrict activity to specific hours. The system a
HFT Arbitrage EA is a latency arbitrage system designed for MetaTrader 4 and MetaTrader 5. It operates by comparing price feeds between a fast data source and a slower broker terminal to exploit execution lags. The system utilizes a socket library for real-time communication between server and client components. Risk m
PR Pivots Expert Advisor is a technical tool for MetaTrader 4 that calculates and displays daily pivot points on the chart. Using price data from the previous trading day, including high, low, and close values, it plots the central pivot level along with three resistance and three support levels. The software uses grap
This repository provides a collection of educational resources and templates for developing MQL4 applications on MetaTrader 4. It includes a mean-reversion expert advisor based on Bollinger Bands, which enters trades when price breaches specific deviation levels. The strategy incorporates automated risk management by c
This MetaTrader 4 utility acts as a diagnostic tool for developers attempting to integrate external indicators into automated strategies. It systematically monitors the output buffers of a specified custom indicator by iterating through various modes and shift values. The code detects changes in data and identifies spe
Belinda EA is an automated trading robot for MetaTrader 4 that implements a trend-following strategy based on moving average crossovers. It enters long or short positions when a short-term simple moving average crosses a long-term moving average, provided a volatility filter is met. This filter compares the current Ave
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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