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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
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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
Trading robot 331Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 5Collection 160Utility 7
Strategy
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 repository contains a collection of MetaTrader 5 expert advisors and utility scripts. It includes a variety of automated strategies such as mean reversion, Dunnigan NRTR, and experiments with artificial intelligence. The library also features utility tools for Telegram integration, search functions, and signal das
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 features an ADR-based grid trading expert advisor and a dedicated risk management tool. The primary trading robot identifies reversal opportunities using Average Daily Range percentages, RSI, and Stochastic oscillators. It includes an automated news filter and supports external CSV sign
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
IchiDCA CCBSN PropFirm EA is an automated trend-following robot for MetaTrader 5, optimized for gold and forex markets. It triggers trades based on Ichimoku Cloud breaks, filtered by dual Exponential Moving Averages and MACD indicators. The strategy manages positions through a Dollar Cost Averaging system that layers u
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
RemedyBot is a collection of Expert Advisors for MetaTrader 5 focused on technical indicator strategies. The primary files utilize the MQL5 standard library classes to combine trend-following signals, such as Moving Average crossovers, with volatility-based exits like the Parabolic SAR trailing stop. The project includ
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 4 robot implements a multi-currency mean-reversion strategy, targeting price returns to the average on correlated forex pairs. It manages trades using a grid system with a significant martingale multiplier to scale lot sizes. The expert advisor allows for simultaneous trading on multiple symbols to dive
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 expert advisor facilitates arbitrage trading between futures and spot instruments, primarily targeting gold and stock indices. Available for MetaTrader 4 and 5, it monitors the price difference between two related symbols against a moving average to identify trade opportunities. The logic includes a noise-filterin
This repository is an extensive collection of MetaTrader 4 expert advisors and source code components written in MQL4. It includes over 70 files featuring diverse trading strategies such as Sanity TREND for trend following and various robots utilizing divergence-based entries. A significant portion of the code is based
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
HolyLamp is a MetaTrader 4 automated trading system that utilizes mean-reversion signals across several technical indicators, including Bollinger Bands, RSI, Stochastics, and the Commodity Channel Index. It is primarily configured for EURUSD on the five-minute timeframe. The robot enters trades at indicator extremes an
This MetaTrader 4 expert advisor implements a correlation-based hedging strategy between two instruments, typically UKOIL and USOIL. It monitors the price spread between the two assets, opening buy and sell positions simultaneously when the spread expands or narrows beyond defined thresholds. The EA manages exits based
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
This MetaTrader 5 expert advisor is an educational project implementing a martingale trading strategy. It uses Bollinger Bands to trigger entries and employs a grid-based approach to manage trades by layering additional positions at fixed intervals. The system features lot size multiplication after each layer to recove
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
This repository provides a collection of MetaTrader 4 expert advisors developed for algorithmic trading research. The library includes multiple distinct robots such as the Turtle strategy, Keltner channel candlestick patterns, and volatility-based breakouts. Each EA implements various risk controls including ATR-based
This repository is a diverse collection of MetaTrader 5 Expert Advisors, featuring nearly 100 different scripts sourced from various origins. The library includes automated robots based on standard indicators like Bollinger Bands, MACD, Stochastics, and moving average crossovers, as well as channel trading systems and
Open Expert Advisor is a mean-reversion trading robot for MetaTrader 4, primarily designed for Swiss Franc pairs such as EURCHF. It executes trades based on overbought and oversold price levels, specifically during the transition at the end of the New York trading session. The system manages risk through adjustable lot
This MetaTrader 4 expert advisor and modular framework provides advanced trade management and position scaling capabilities. It features a linear trailing stop that triggers at a predefined profit level and a pyramiding system to add positions to winning trades using a lot multiplier. The code is structured as a librar
Fibonacci ICT EA for MetaTrader 5 combines institutional price action concepts with Fibonacci retracement levels. It identifies higher timeframe trends and enters on pullbacks to specific golden zones using confirmations like Break of Structure and Fair Value Gaps. The system includes robust risk management such as per
This expert advisor for MetaTrader 5 focuses on scalping the BTCUSD pair using support and resistance levels on the one-minute timeframe. It calculates price floors and ceilings based on a customizable lookback period. The robot executes trades when the price enters a defined offset zone around these levels, aiming to
This expert advisor for MetaTrader 5 utilizes a multi-timeframe technical approach, scanning H1, M30, M15, and M5 periods simultaneously. It generates signals using a stochastic stack combined with RSI and stochastic divergence detection. The system incorporates a formula pack for market structure analysis, including B
This MetaTrader 5 expert advisor focuses on the EURUSD pair using an adaptive market regime approach. It alternates between trend-following and mean-reversion logic based on ADX and EMA indicators. The trend strategy utilizes price breakouts or pullbacks confirmed by RSI, while the range strategy employs Bollinger Band
This multistrategy expert advisor for MetaTrader 5 combines currency strength analysis, breakout/reversal logic, and swap carry trading. It targets various markets including forex, gold, oil, indices, and crypto. Trade execution involves ATR-based stop losses, multiplier-based take profits, and partial closing mechanis
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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