This MetaTrader 4 robot implements a grid-based hedging strategy triggered by inside bar price formations. It places multiple pending orders on both sides of a breakout and uses martingale lot scaling to increase position sizes for subsequent entries. The expert advisor is designed for the H4 and Daily timeframes, util
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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
Trading robot 36Trade manager 1Risk & protectionNews tradingCopier & bridgeFramework & templateCollection 45Utility
Strategy
Market
Refine
GM Remake is an automated trading robot for MetaTrader 4 that executes a multi-stage martingale strategy. It initiates trades based on price breakout logic and manages drawdowns by layering additional positions at user-defined distances. To refine entries, the EA utilizes dual exponential moving averages and MACD trend
Hosopi 2 is an automated trading robot for MetaTrader 4 and 5 that utilizes a mean-reversion strategy based on Bollinger Bands. The system enters counter-trend trades when price hits the bands and manages positions using a Nanpin martingale approach, layering orders at intervals to average down. Risk controls include t
This repository provides an extensive collection of MetaTrader 4 and MetaTrader 5 expert advisors, including the Cobra and Pivot Point systems. The included tools utilize strategies ranging from daily pivot level reversals to grid-based recovery and cost-averaging methods. Notable features include ATR-based stop losses
This repository provides a diverse collection of expert advisors for the MetaTrader 4 platform. The primary RubberBands EA utilizes Bollinger Bands for mean-reversion, entering when price exceeds the bands and exiting at the center line. It features advanced lot management, including linear and dynamic lot scaling that
This MetaTrader 4 expert advisor executes a dual-direction grid trading strategy driven by technical analysis. It enters trades based on an Exponential Moving Average crossover logic using three distinct periods. The system employs a customizable martingale sequence where lot sizes increase after a user-defined number
This repository provides a comprehensive collection of over 150 Expert Advisors and automated tools for the MetaTrader 4 platform. The included software covers a broad spectrum of trading methodologies, ranging from trend-based systems utilizing the ZigZag indicator to aggressive martingale and piramidation strategies.
EA Sofia is an automated trading robot for MetaTrader 4 that implements a grid-based martingale strategy. It is designed to operate on the M5 timeframe, specifically targeting ranging currency pairs. The EA enters trades and manages positions by layering orders at fixed or incremental distances, using a multiplier to i
Forex Winner EA is an automated trading robot for MetaTrader 4 that utilizes Relative Strength Index boundaries and volatility calculations to identify entry points. It employs a martingale-style recovery strategy, using a lot multiplier to scale positions after losses. The EA includes risk management controls such as
Strawberry Strategy Tester is a MetaTrader 4 expert advisor designed for automated trading and strategy evaluation. It implements Bollinger Band-based entry logic and offers multiple lot sizing methods, including fixed lots, addition, and multiplication. The use of lot multiplication suggests the expert advisor utilize
This repository contains a large collection of over fifty MetaTrader 4 expert advisors, many of which are generated using the fxDreema visual development platform. The library covers a diverse range of strategies including gold scalping, candle-based robots, news filters, and grid management tools. Risk controls vary b
Icarus EA is a MetaTrader 4 robot that executes a grid trading strategy with lot size progression. It opens sequences of trades at fixed intervals and uses a multiplier to scale lot sizes, identifying it as a martingale-style system. Risk controls include an equity warning threshold, a maximum number of concurrent posi
This MetaTrader 4 expert advisor implements a counter-trend strategy based on RSI trendline breakouts and price prediction indicators. It enters trades when the RSI breaks out of support or resistance lines and manages positions using a grid-based approach. The system layers limit and stop orders at fixed intervals, em
This MetaTrader 4 expert advisor provides automated forex trading using a grid-based strategy. The robot enters trades based on time-restricted windows and manages them using a martingale lot scaling mechanism. Users can configure the lot multiplier, the distance between grid levels, and a maximum level limit. For risk
This MetaTrader 4 expert advisor implements a multi-strategy framework for automated trading across various symbols. It incorporates several technical entry signals, including Ichimoku, Bollinger Bands, and ADX-filtered logic. The EA provides multiple trade management options, explicitly including martingale lot scalin
This MetaTrader 4 expert advisor implements a grid-based averaging strategy known as Nampin. The robot monitors open buy and sell positions, calculating aggregate lot sizes and floating profits. It uses a fixed lot multiplier of 1.5 to scale positions when the market moves against the initial trade by a set span. The s
This repository contains a collection of MetaTrader 4 expert advisors, primarily focused on grid and martingale strategies. The featured Ilan-TrioKS system uses automated lot scaling with a multiplier to manage series of trades. It opens positions at fixed pip intervals and aims to exit the entire basket at a calculate
This MetaTrader 4 expert advisor implements a trading strategy centered on the Money Flow Index (MFI) indicator. It opens buy positions when the MFI crosses below a user-defined threshold and sell positions when it crosses above a threshold. To manage losing trades, the EA employs a martingale-style lot scaling mechani
Se-0303 is an automated trading robot for MetaTrader 4 and 5 that employs a grid-based approach with Martingale lot scaling. It determines entries through trend analysis and M1 fractals, using coefficients to calculate order distances and take profit targets relative to price height. The EA includes specific risk contr
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
This MetaTrader 4 repository contains a collection of trading tools, primarily featuring an automated RSI-based grid expert advisor. The system enters positions when the Relative Strength Index exceeds defined thresholds and manages them using a grid strategy with martingale lot multiplication. Risk controls include a
This collection of MetaTrader 4 expert advisors serves as a practice repository for automated trading scripts. It features several distinct strategies, including moving average crossovers, Bollinger Band mean-reversion, and RSI-based entries. A core component of the repository is a martingale-style system that layers o
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 repository contains a collection of automated trading tools, primarily centered on the Martingale Levels Expert. The system employs a grid-based strategy that places stop orders at specific intervals and manages them using trailing stops. It utilizes martingale lot scaling, where subsequent order size
Krikor is a MetaTrader 4 robot that uses a combination of technical indicators and a grid-based recovery system to manage trades. It determines entries using a Relative Strength Index (RSI), Moving Averages, Average Directional Index (ADX), and a custom ZigZag indicator. The strategy employs martingale lot scaling, inc
This MetaTrader 4 expert advisor implements a trend-following grid strategy based on multiple moving averages. It determines market direction using configurable average periods and places initial pending orders followed by additional positions at set point intervals. The robot manages long and short trades independentl
Mugen Nampin is a MetaTrader 4 expert advisor that executes a mean-reversion strategy using Bollinger Bands. It enters buy positions when price drops below the lower band and sell positions when price exceeds the upper band. The robot employs an averaging down approach, layering additional trades at fixed intervals whe
Integra 777 Buy Sell is a MetaTrader 4 expert advisor that utilizes a grid-based approach combined with the Commodity Channel Index (CCI) for trade entries and management. The robot opens positions and adds supplementary orders at dynamic distances, governed by a minimum step parameter. It features a unique trailing pr
This repository provides a collection of MetaTrader 4 expert advisors, with a primary focus on the Dreamguy MaCrossMarti system. The EA initiates trades based on fast and slow moving average crossovers, utilizing a long-period moving average for trend filtering. It manages positions through a grid-based approach and ma
ZBlue is a MetaTrader 4 expert advisor designed for forex trading using a Martingale-style recovery strategy. It initiates a starting position and adds subsequent trades at increasing pip intervals if the market moves against the initial entry. The EA manages both buy and sell directions independently. It uses a tiered
This repository contains several MetaTrader 4 and 5 expert advisors, primarily focusing on multi-symbol basket trading and automated position management. The main EA allows users to trade up to six currency pairs simultaneously with predefined directions. It features a mechanism to add positions based on fixed distance
This MetaTrader 4 expert advisor is an automated grid trading system that utilizes a variety of indicators including Moving Averages, CCI, Bollinger Bands, and MACD for trade entries. It employs a martingale-style lot multiplier to manage position sizing across sequential grid levels. The software includes risk control
B4 is an automated trading robot for MetaTrader 4 that utilizes a grid-based strategy with martingale lot scaling. It employs multiple technical indicators, including Moving Averages, CCI, Bollinger Bands, Stochastic, and MACD, to determine market entry points. The EA features comprehensive risk management controls suc
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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