Enamel is a trend-pullback expert advisor for MetaTrader 5 specifically configured for USD currency pairs. The robot identifies entries using a combination of exponential moving averages, RSI, MACD, and ADX indicators, requiring confirmation from candle body size relative to volatility. It includes a higher timeframe t
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Expert Advisor Library
1,977 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Trading robot 256Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 3Collection 92Utility 7
Strategy
This MetaTrader 5 expert advisor provides a versatile framework for trading based on Heiken Ashi price action. It allows users to toggle between numerous built-in strategies, including trend following, moving average crossovers, Fibonacci levels, and various oscillators like RSI and MACD. The system includes an option
This expert advisor for MetaTrader 4 implements a mean reversion strategy primarily targeted at the GBPUSD pair. It automates trade execution by identifying price patterns and entering positions with predefined risk parameters. The bot manages exits through a hard stop loss, a target take profit based on a user-defined
This MetaTrader 4 expert advisor executes trades based on momentum oscillators, trend filters, and price action patterns. It utilizes a Stochastic oscillator alongside multiple Exponential Moving Averages to identify entry points in alignment with the prevailing trend. The logic incorporates candlestick analysis, speci
This collection for MetaTrader 4 contains over eighty expert advisors and scripts primarily focused on Bollinger Band breakout strategies. The repository includes numerous variations for fixed lot sizes and specific money management settings. The included logic covers price action relative to moving averages and volati
This collection of Expert Advisors for MetaTrader 5 provides specific automated strategies for Gold, Bitcoin, EURUSD, and Nasdaq. The repository includes modules for ATR breakouts, Bollinger Band mean reversion, and opening range breakouts. Risk management is handled through a three-stage take profit system, automated
This MetaTrader 5 expert advisor is designed for scalping gold on the M1 timeframe. It features a versatile strategy engine capable of toggling between breakout and mean-reversion modes based on market conditions. The system manages trades using ATR-based trailing stops, break-even adjustments, and time-based exits. Ri
This MetaTrader 5 expert advisor automates trading strategies based on Inner Circle Trader (ICT) and Smart Money Concepts (SMC). It utilizes a confluence engine to evaluate market structure, PDA zones, fair value gaps, order blocks, and SMT divergence against correlated symbols like the DXY. Designed specifically for p
DBasket EA is a statistical arbitrage expert advisor for MetaTrader 5 that trades three-pair correlation baskets. It identifies price divergences between related currency pairs using Z-score analysis and enters hedged three-leg positions expecting mean reversion. The system incorporates advanced statistical modules inc
This MetaTrader 4 collection contains automated trading systems developed by the MQL UZ team, focusing on technical analysis strategies. The primary expert advisor, Fibonacci Djamoliddin, identifies market entries using Fibonacci retracement levels and chart objects. It includes basic risk management features such as f
This MetaTrader 4 expert advisor implements a mean-reversion strategy using Bollinger Bands. It monitors for price action that closes outside the bands and subsequently returns within them. The robot places pending buy stop or sell stop orders at the high or low of the signal candle to capture the retracement. It featu
This repository contains a collection of MetaTrader 5 scripts and Expert Advisors focusing on various technical indicators. The primary EA provided uses Relative Strength Index (RSI) levels to determine long and short entry conditions, including specific start and end thresholds for signal filtering. Other files in the
This repository contains a collection of MetaTrader 4 expert advisors developed for educational purposes and backtesting practice. It features several distinct trading strategies, including moving average crossovers, stochastic counter-trend setups, and pending order breakouts. The included scripts demonstrate essentia
Gold SnR Momentum Scalper Pro is an automated scalping robot for MetaTrader 5, specifically optimized for XAUUSD on the M1 timeframe. It identifies entry points by combining support and resistance zones with RSI and moving average momentum. The system incorporates tick-level analysis to measure buying and selling press
This repository features a headless CLI automation pipeline for MetaTrader 5, enabling users to compile, backtest, and rank MQL5 Expert Advisors through PowerShell. It contains a large collection of robots focused on candlestick patterns, such as Morning and Evening Star signals, combined with Stochastic or CCI filters
This MetaTrader 5 expert advisor serves as a template for automated indicator-based trading. It combines multiple technical tools, including RSI, MACD, Parabolic SAR, and Bollinger Bands, to identify market entry and exit points. The system features a dynamic risk management module that adjusts position sizing based on
This repository provides a collection of MetaTrader 5 expert advisors developed for learning algorithmic trading. The primary featured tool, TimeRangeEA, identifies price high and low points within a specific time window to execute breakout trades. It incorporates risk management through stop loss and take profit level
This MetaTrader 4 expert advisor automates trading using a combination of trend-following and mean-reversion indicators. It executes trades based on the crossover of two Exponential Moving Averages, filtered by Relative Strength Index levels and Bollinger Band boundaries. The robot enters a position when an EMA crossov
Simple Bot is an automated trading robot for MetaTrader 4 that utilizes Bill Williams Fractals and the Relative Strength Index to execute trades. The system monitors the one-minute timeframe for fractal formation while using daily RSI values as a filter for entry. It includes built-in risk management features such as f
This repository provides a collection of MetaTrader 5 expert advisors centered on mean reversion and statistical regression techniques. The bots utilize indicators such as Bollinger Bands and moving averages to determine trade entries. Each trade is executed with predefined risk controls, including fixed point-based st
Falcon R is a rule-based expert advisor for MetaTrader 4 designed to identify and trade within ranging market conditions. It utilizes a combination of Keltner Channels and Moving Averages to determine entry points. The robot provides extensive trade management options, including fixed or volatility-based stop loss and
This MetaTrader 4 collection provides several scripts designed to analyze price action and candlestick patterns. It includes modules for moving average crossovers, Bollinger Bands, and a specialized candlestick analysis tool. The software identifies specific formations such as hammers, dojis, and engulfing candles by c
This MetaTrader 5 expert advisor implements a mean-reversion strategy primarily designed for the EUR/USD pair. It utilizes a 25-period Moving Average to identify price deviations, operating on the theory that hourly prices will eventually return to the mean. The code facilitates a dual-position approach, managing simul
A collection of systematic Expert Advisors for MetaTrader 5 designed for session-specific execution. The repository includes multiple specialized engines for strategies such as range reversion, breakouts, and trend following. It features a centralized risk management layer with spread caps, daily loss limits, and conse
This MetaTrader 5 expert advisor implements a multi-indicator strategy based on momentum and divergence confluence. It utilizes Stochastic, Commodity Channel Index (CCI), Parabolic SAR, and Exponential Moving Averages (EMA) to identify entries, specifically targeting bullish and bearish divergence patterns. Risk manage
This collection for MetaTrader 5 provides dozens of expert advisors based on the combination of Japanese candlestick patterns and technical indicators. The robots detect patterns such as Engulfing, Harami, and Morning Stars, using Stochastic, RSI, MFI, or CCI for signal confirmation. Trades are managed with fixed stop
An automated trading system for MetaTrader 4 specifically designed for gold (XAUUSD) on the M5 timeframe. It features two core strategies: trend continuation and price pullbacks. The expert advisor utilizes a dual exponential moving average framework for direction and ATR for volatility filtering. Risk management is ha
This automated trading robot for MetaTrader 5 implements Smart Money Concepts (SMC) and ICT principles using a hybrid architecture. Trading logic and signal detection are processed within a native C++ DLL, while the MQL5 bridge handles trade execution and data feeding. The system identifies market structure shifts, inc
Antigravity Geo Scalper is a MetaTrader 5 expert advisor that utilizes geometric and mathematical logic to identify trade opportunities. It focuses on price action and structure, specifically avoiding lagging indicators. The strategy incorporates Fibonacci levels, Gann Fans, harmonic pattern tolerances, and linear regr
This repository is a collection of educational Expert Advisors for MetaTrader 5, structured as a learning roadmap. It contains several standalone trading scripts, including a multi-symbol basket trader called Profit Twins, which enters buy positions on two different pairs and exits based on a combined profit percentage
This MetaTrader 5 expert advisor is designed specifically for trading gold (XAUUSD). The system utilizes a modular architecture to detect market regimes, identify ranges, and execute trades based on liquidity sweeps and breakouts. It incorporates several filters, including spread and volume checks, alongside a drawdown
This automated expert advisor for MetaTrader 5 focuses on short-term technical trading using a combination of trend and momentum indicators. It triggers entries based on RSI levels, Exponential Moving Average crossovers, and Bollinger Band deviations. Risk is managed through dynamic lot sizing and ATR-based stop loss a
Edelweiss EA is an educational trading robot for MetaTrader 4 that utilizes a multi-indicator framework to generate buy and sell signals. It combines exponential moving averages, stochastic oscillators, the awesome oscillator, ADX, and Bollinger Bands to identify market entries. Trade management includes dynamic ATR-ba
This MetaTrader 5 robot employs a dual-strategy approach, switching between trend-following moving average crossovers and RSI-based mean-reversion depending on detected market regimes. It features an integrated walk-forward optimization system that loads optimized parameters from external files to adapt to changing vol
This automated expert advisor for MetaTrader 5 implements a mean-reversion strategy based on Asian session price ranges. It identifies the high and low levels during specific Asian trading hours and monitors for a price breakout. Instead of trading the breakout momentum, it enters a position when price returns inside t
This MetaTrader 5 expert advisor implements a trading strategy based on the TMA+CG (Triangular Moving Average and Center of Gravity) indicator. Developed using the EA31337 framework, the robot utilizes the non-repainting version of the indicator to identify market entries. It features a multi-timeframe capability, enab
Strategy Pinbar is an automated trading robot for MetaTrader 5 that identifies entry points using pinbar candlestick patterns. The EA enhances signal accuracy by applying Relative Strength Index (RSI) and Commodity Channel Index (CCI) filters to confirm market conditions. Built upon the EA31337 framework, the system is
Falcon D is a MetaTrader 4 expert advisor designed for the H1 timeframe, focusing on price retracement entries filtered by technical indicators. It opens positions when price deviates significantly from the daily start point in opposition to the established trend. The system incorporates filters including a long-period
This Expert Advisor for MetaTrader 4 executes trades based on the confluence of Relative Strength Index levels and Moving Average crossovers. It enters long positions when the RSI is oversold and a fast exponential moving average crosses above a slow one, and short positions when the RSI is overbought during a downward
This collection provides several MetaTrader 5 expert advisors and utility scripts developed for educational purposes. The primary advisor combines moving average crossovers with Relative Strength Index filters to identify entry points. It features standard risk management controls including fixed lot sizing, hard stop
This MetaTrader 4 repository contains a collection of expert advisors and utilities. The primary robot, Up and Down Trader, employs a Fisher-style transformation of price action to identify entry points across three different trading modes. It features a spread filter to avoid trading during illiquid conditions and all
DS Fibonacci Trader is a MetaTrader 5 expert advisor that automates trading based on Fibonacci retracement levels. The robot calculates the price range over a specified number of days to determine key levels including 23.6, 38.2, 50.0, 61.8, and 76.4 percent. It provides visual chart objects and manages order execution
This MetaTrader 4 expert advisor implements a mean-reversion strategy using Bollinger Bands and the Relative Strength Index (RSI). Intended as an educational starting point for programmers, it enters trades when the price crosses specific standard deviation bands while RSI confirms overbought or oversold conditions. Th
This repository offers a collection of MetaTrader 4 expert advisors focused on technical indicator triggers and price action. The suite includes tools for trading moving average crossovers, ADX momentum, and Stochastic oscillators. A dedicated EA identifies specific candlestick patterns such as Three White Soldiers and
Wealth Protector is a MetaTrader 4 expert advisor designed for automated trading using technical indicators. It combines price envelopes and ZigZag parameters to determine market entries and exits. While described by the author as a scalping tool, it is specifically configured for use on the daily timeframe. The system
This MetaTrader 4 expert advisor automates trading using Stochastic Oscillator signals. It allows for the confluence of up to three separate Stochastic indicators, potentially across different timeframes, to determine entry points. Trades are triggered by line crossovers or when the indicator reaches user-defined overb
Xeque Mate Open Source is a counter-trend expert advisor for MetaTrader 5 based on the theories of Flavio Schotgues. It executes trades by placing limit orders at a user-defined point distance from a moving average. The system manages risk through fixed stop loss and take profit levels, while limiting exposure to a sin
Tre Boll Trend is a MetaTrader 4 Expert Advisor designed to identify and trade market trends using multi-timeframe Bollinger Band analysis. The system processes data from timeframes ranging from five minutes to one day, calculating advanced metrics such as price velocity, acceleration, and standard deviation. It monito
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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