This MetaTrader 5 utility monitors upcoming economic events by reading news data from a local binary file. It functions as a notification tool that alerts the user via the terminal log before a scheduled event occurs. The software identifies market holidays by checking forecast and actual values and cycles through a ch
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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 5 expert advisor utilizes the price range of the previous weekly candle to define four trading channels, inspired by Fibonacci principles. It monitors 15-minute price action for breakouts across the 50% midpoint of these channels. The robot automates position entry with stop loss and take profit levels
JT Prop Firm Trade Manager is a risk management utility for MetaTrader 4 designed to help traders adhere to strict account drawdown and timing rules. It monitors account equity to enforce maximum daily drawdown limits and per-trade loss caps in either currency or percentage terms. The tool includes features to restrict
This MetaTrader 5 expert advisor provides an automated trading system designed for Forex, Bitcoin, Gold, and various indices. It employs technical analysis filters including RSI levels and Moving Average price distance to identify entries. Risk management features include flexible lot sizing based on account equity or
This MetaTrader 5 expert advisor is designed specifically for trading XAUUSD. It utilizes a combination of the Average Directional Index (ADX) for trend strength, Relative Strength Index (RSI) for momentum, and two Simple Moving Averages for trend direction. The system uses multi-timeframe analysis, specifically checki
This MetaTrader 5 Expert Advisor establishes a TCP socket connection to an external Python server to facilitate real-time data exchange. It acts as a client that transmits symbol closing prices and handles incoming responses from the server. The tool features robust reconnection logic to maintain the link during server
This MetaTrader 5 repository provides a collection of expert advisors and visual dashboard tools centered on multi-timeframe technical analysis. It features strategies utilizing the Traders Dynamic Index, Exponential Moving Averages, and Commodity Channel Index indicators. The included tools range from trend-following
This MetaTrader 5 expert advisor implements a price action strategy based on the Inside Day candle pattern. Developed primarily for the EUR/USD pair on the daily timeframe, the robot identifies instances where a trading day price range is entirely contained within the previous day range. It executes trades using fixed
Trend Observation EA is an automated trading robot designed for the MetaTrader 5 platform. It identifies market trends using the Aroon indicator to generate entry and exit signals. The system executes trades based on trend direction and incorporates standard risk controls, including user-defined fixed lot sizes, stop l
This MetaTrader 5 expert advisor identifies market reversal points using a combination of Bollinger Bands and the Relative Strength Index (RSI). It is designed to trade multiple currency pairs simultaneously, including major pairs like EURUSD and GBPUSD. The system features optional trend filters using dual Moving Aver
This MetaTrader 4 expert advisor is an educational tool designed as part of a YouTube tutorial series. It executes a trend-following strategy by combining moving average crossovers with the Aroon indicator for trend confirmation. The EA opens positions when price conditions align across both indicators and manages exit
This MetaTrader 4 expert advisor executes trades based on candle momentum and specific trigger factors. It manages positions using virtual trailing stop-loss and take-profit levels, alongside a global profit target that halts trading once a predefined financial goal is met. The system includes logic for multi-symbol tr
This MetaTrader 5 robot executes trades based on Inner Circle Trader methodologies. It identifies institutional Order Blocks and Fair Value Gaps while optionally screening for liquidity pool sweeps or Market Structure Shifts. The algorithm enters positions when price imbalances are detected within specific swing period
Reverse Edge is a MetaTrader 5 expert advisor that utilizes a combination of momentum and trend indicators, specifically MACD, RSI, and Stochastic oscillators, to identify trade entries. The robot focuses on structured risk management by calculating lot sizes based on a fixed risk percentage per trade and utilizing a d
This MetaTrader 5 expert advisor calculates Shannon entropy to measure market randomness and informational uncertainty. It processes log-returns from a user-defined period of historical candles and categorizes them into histogram bins to quantify the complexity of price movement. The tool is designed to assist traders
Phantom Edge is a MetaTrader 5 expert advisor primarily designed for trading BTCUSD. It identifies entries using a combination of technical indicators, including RSI, MACD, and SMA, while validating setups through multi-timeframe analysis of M15 liquidity sweeps and M30 trend breaks. The EA features comprehensive trade
This MetaTrader 5 expert advisor acts as a trade bridge, receiving order data from an external Go-based bridge server. It polls a specified URL at regular intervals to synchronize trades and manage an aggregated net futures position, likely originating from NinjaTrader. The EA translates external signal data into order
This MetaTrader 5 expert advisor implements a moving average crossover strategy specifically designed for XAUUSD on the M15 timeframe. It utilizes a short-period SMA and a long-period SMA to identify potential entries. A unique filter requires the distance between the two moving averages to exceed a defined threshold b
Church Builder is an automated trading robot for MetaTrader 5 that executes trades based on Smart Money Concepts, specifically targeting Fair Value Gaps. It identifies price gaps within specific point ranges and waits for breakouts to enter positions, provided the market trend aligns with a Simple Moving Average. The e
This MetaTrader 5 expert advisor automates trading based on supply and demand zones. It identifies potential support and resistance areas using a configurable lookback period and a minimum number of price touches to confirm zone strength. The robot enters long positions in demand zones and short positions in supply zon
This expert advisor for MetaTrader 4 and 5 implements a moving average crossover strategy specifically designed for Gold on the 15-minute timeframe. It initiates trades when a fast simple moving average crosses a slow simple moving average, provided the price has moved a specified distance beyond the crossover point. T
This repository is a collection of several expert advisors for MetaTrader 4, featuring various technical indicator-based strategies. The primary logic involves momentum and volatility filters using Relative Strength Index (RSI), Bollinger Bands, and Average Directional Index (ADX) to identify trend strength. It include
This expert advisor for MetaTrader 5 implements a mean-reversion strategy based on the Relative Strength Index (RSI). It opens buy positions when the RSI falls below the 30 level and sell positions when it rises above 70. The robot manages trades using fixed stop loss and take profit levels defined in points. It includ
Mighty Trade Manager is a graphical utility for MetaTrader 5 designed to streamline manual trading and order management. It features a comprehensive on-chart panel with controls for executing market and pending orders, calculating lot sizes based on risk percentage, and managing open positions. Users can set stop loss,
GenX Silver is an automated trading robot for MetaTrader 4 that executes trades based on specific time-based liquidity windows. It targets the London open and two separate New York sessions, aligning with Silver Bullet strategy concepts. The expert advisor allows users to define trading volumes and utilizes a fixed ris
This MetaTrader 5 expert advisor automates the Fimathe price action strategy, which relies on channel breakouts and expansions. The user manually defines reference price levels to establish trading channels. The robot executes orders based on these price boundaries and manages positions using configurable take-profit t
This MetaTrader 5 expert advisor identifies and trades price action patterns using breakout levels. The system monitors for specific A-level and V-level breakouts, which must be confirmed by bullish or bearish engulfing candle patterns before entering a position. Risk management is automated through a dedicated module
This repository contains a collection of MetaTrader 5 expert advisors and utility tools for automated trading. The primary expert advisor utilizes the Stochastic Oscillator to generate entry and exit signals based on configurable crossover logic and overbought or oversold levels. It includes essential risk management s
This MetaTrader 5 expert advisor automates trading based on classic Pivot Point levels. It calculates support and resistance lines using daily or weekly timeframes and allows users to choose between bounce or breakout trading styles. Risk management features include fixed lot sizing or percentage-based risk, along with
This MetaTrader 5 expert advisor implements a multi-strategy approach based on price action and market structure concepts. It utilizes higher timeframe trend identification via a 200-period Simple Moving Average and seeks entry points on lower timeframes using a 50-period SMA and support or resistance levels. The logic
This MetaTrader 5 library provides developers with a mechanism to detect the opening of a new bar across different timeframes. It serves as a programming utility rather than a standalone trading strategy. The repository includes an include file and a test expert advisor demonstrating two detection methods: one for mult
This MetaTrader 4 expert advisor implements a price action strategy focused on identifying pin bar formations. It screens for candles where the tail is at least three times the length of the body and touches an 8-period simple moving average. The EA utilizes a trend filter by calculating the slope of the moving average
This MetaTrader 4 expert advisor is designed for XAUUSD trading using a combination of technical indicators and price action. It enters trades based on several toggleable strategies, including Moving Average crossovers, MACD, Support/Resistance levels, and Bullish/Bearish Engulfing patterns. The EA manages risk through
EA MultiStrategy Advanced is an automated trading robot for MetaTrader 5 that integrates technical analysis with machine learning models. It utilizes a combination of RSI, Bollinger Bands, and Moving Average crossovers alongside LSTM-based deep learning signals to identify market patterns. The system features rigorous
Fibonacci EA is a MetaTrader 4 expert advisor that executes trades based on technical indicators. Despite the name, the provided implementation focuses on a moving average crossover strategy involving a 30-period and 50-period simple moving average. The robot enters a sell position when the shorter-period average cross
This MetaTrader 4 expert advisor implements a trend-following strategy based on the alignment of Simple Moving Averages. It utilizes a fast period of 30 and a medium period of 50 to determine entry signals, with logic for a third slow moving average present but partially commented out. The robot executes trades with fi
This MetaTrader 4 expert advisor executes trades based on the Relative Strength Index (RSI) indicator. It monitors price momentum to identify potential entry points when the RSI value interacts with user-defined overbought and oversold levels. The EA includes basic risk management with hardcoded stop loss and take prof
A MetaTrader 4 expert advisor designed to execute trades based on signals received from an external API. It handles order placement for buy and sell signals, incorporating risk management features such as a pip-based stop loss and a take-profit target determined by a user-defined ratio. The EA limits market entry to tw
Boll Alert is a monitoring tool for MetaTrader 5 designed to notify traders when price crosses Bollinger Band boundaries. It scans multiple timeframes simultaneously, including minute, hourly, and daily periods, to identify potential breakout or mean-reversion signals. Users can configure the standard deviation and loo
This MetaTrader 5 expert advisor functions as a data collection tool designed to export trade statistics into a CSV file. It automatically initiates a buy order at a specific time each day to generate execution data for analysis. The system monitors the account history to capture details such as opening and closing pri
MALE5 is a machine learning framework for MetaTrader 5 designed to help developers create trading systems using a Python-like syntax. It provides a suite of predictive models including linear regression, decision trees, support vector machines, and neural networks. The library includes tools for data collection, prepro
This repository provides a collection of MetaTrader 5 expert advisors focused on Smart Money Concepts and Inner Circle Trader methodologies. The included bots automate various trading models such as the Next Day Model, New York session range trading, and Fair Value Gap entries. Each tool utilizes multi-timeframe analys
This expert advisor acts as a JSON-based API bridge for MetaTrader 5, utilizing ZeroMQ sockets to connect the platform with external systems like Python's Backtrader framework. The script listens on multiple ports to process incoming requests and push out data streams. It supports querying account balances, retrieving
Ubot is an automated trading robot for MetaTrader 4 that utilizes technical analysis to execute market orders. It incorporates specific strategy patterns such as Sharkfin and Squeeze logic, likely based on the included Traders Dynamic Index library. The EA features comprehensive trade management including trailing prof
This MetaTrader 5 expert advisor automates a strategy based on Smart Money Concepts (SMC) with a focus on order blocks. The system utilizes dual Simple Moving Averages on the H1 timeframe to filter for the prevailing trend while monitoring 15-minute price action. It identifies supply and demand zones represented by cha
K Second Data Fetcher is a MetaTrader 5 utility designed to retrieve and handle sub-minute candlestick data, specifically focusing on second-level intervals. The expert advisor operates as a technical tool rather than a trading robot, utilizing a high-frequency 50-millisecond timer to monitor price changes and process
Krsna Daily EA for MetaTrader 5 is an automated trading robot that executes trades based on price action patterns of custom-defined daily candles. Users can set a specific starting hour for the trading day, and the EA plots visual candle overlays on the chart. It places buy or sell limit orders at specific retracement
This MetaTrader 5 expert advisor utilizes a modular architecture to automate trading using technical indicators. It generates entry signals by combining the Waddah Attar Explosion model with a Double Exponential Moving Average (DEMA) system. For risk management, the EA calculates stop loss levels based on Average True
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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