This MetaTrader 4 expert advisor functions as a trade manager to automate the trailing of stop-loss levels for active positions. It monitors trades matching a specific magic number and symbol, activating only after the profit reaches a predefined pip threshold. Once triggered, the EA adjusts the stop-loss to maintain a
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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
Trend following 2Breakout 1ScalpingGridMartingaleHedging 1Mean reversionSMC / ICT / price actionIndicator crossoverArbitrageAI / machine learningNews 2Multi-strategy
This MetaTrader 4 expert advisor acts as a trade manager designed to automate the protection of open positions. The utility monitors active orders and adjusts stop loss levels to a break-even point or manages take profit targets based on logic contained within its internal class. It operates using both tick events and
This MetaTrader 4 expert advisor is a trade management tool designed to automate the trailing stop process for existing positions. It monitors open buy and sell orders on the current chart, adjusting the stop loss level based on a user-defined gap. The utility uses a magic number filter to target specific trades or can
Sniper Profit is a MetaTrader 4 management utility that monitors aggregate floating profit and loss across all open positions. It utilizes a trailing take profit mechanism that activates once a specific equity trigger is reached, allowing the total basket profit to trail by a set distance. The tool includes risk manage
This MetaTrader 4 expert advisor functions as a semi-automatic trading assistant designed to automate lot sizing and position management. It calculates position sizes based on the user account balance, a target interest rate, and a specific pips distance. The tool provides manual execution buttons for immediate buy and
This MetaTrader 4 expert advisor is a trade management utility designed to automate break-even adjustments for open positions. It monitors active trades and moves the stop loss to a locked-in profit level once the market reaches a specified distance in pips. The tool supports managing up to three distinct trade targets
MT5 Line Level Trader is a utility for MetaTrader 5 designed to manage trades based on price levels or lines drawn on the chart. The expert advisor includes specialized logic to handle point calculations and digit adjustments for a variety of symbols, specifically addressing forex pairs, gold, and major indices like th
This MetaTrader 4 expert advisor functions as a trade management panel for manual traders. It features an on-chart user interface with buttons for executing buy and sell orders. The tool automates trade exits using multiple stages, including standard stop loss and take profit levels, as well as partial take profit and
This MetaTrader 5 utility functions as a trade manager that monitors open positions for specific profit levels. It automatically closes a position once the floating profit reaches or exceeds a user-defined monetary threshold. The tool operates by scanning symbols in the market watch on every price tick. It automates ex
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
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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