Quants EA is an automated trading tool for MetaTrader 5 that utilizes the Bill Williams Market Facilitation Index (BWMFI) to analyze market dynamics. It monitors price highs and candle ranges to identify potential entries when MFI values meet specific thresholds. The expert advisor incorporates multi-stage risk managem
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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 83Trade managerRisk & protectionNews tradingCopier & bridgeFramework & templateCollection 31Utility 1
Strategy
This MetaTrader 5 expert advisor automates trading across multiple markets, with specific logic for Boom and Crash synthetic indices and standard currency pairs. For synthetic indices, it generates alerts and entries based on RSI and Stochastic levels on the M1 timeframe. For other symbols, it utilizes a crossover stra
This repository contains a collection of MetaTrader 5 expert advisors created to test various trading concepts. The included bots trade diverse markets, utilizing indicators like moving averages, Bollinger Bands, Stochastic, and VWAP. The primary highlighted expert advisor executes trend-following trades on gold using
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
HFT Illusion is a MetaTrader 4 expert advisor that employs a multi-factor trigger system based on market sentiment and volatility metrics. It evaluates data points including BidRatio, Buy/Sell Ratio, Relative Strength, and Average Daily Range across various timeframes to identify trade entries. The robot supports autom
This MetaTrader 4 repository provides a collection of legacy expert advisors, headlined by the MegaDroid Pro XE. These files are curated for educational study and represent older MQL4 development styles. The main robot is a session-based scalper designed for specific forex pairs like EURUSD. It includes specialized ris
This MetaTrader 4 expert advisor implements a multi-timeframe trading strategy focused on price wave analysis and trendline rebounds. It monitors market deviations across M1, M5, and M15 intervals to identify entry points based on specific wave patterns. The system includes various risk controls such as fixed stop loss
This collection of MetaTrader 5 expert advisors is designed to trade Boom and Crash synthetic indices. The robots utilize RSI indicator logic and basic price action candle checks to identify and capture rapid price spikes. The tools feature automated trade execution with a focus on capturing momentum. Risk management i
This MetaTrader 4 expert advisor acts as a multi-symbol scanner that monitors the Relative Strength Index and Money Flow Index indicators. It evaluates market conditions across six timeframes simultaneously, ranging from one-minute to four-hour charts. The logic triggers when both indicators reach specific overbought o
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 repository provides a collection of expert advisors, featuring the IBandEA system designed for gold trading on the 5-minute timeframe. The robot executes trades based on price deviations from a central indicator line and specific candle high-low ranges. It incorporates risk management through a lot si
This MetaTrader 5 expert advisor utilizes ZigZag indicators and Fibonacci retracements to identify and trade ABCD patterns. Operating primarily on the M1 and M5 timeframes, the robot calculates entry points based on specific price ranges and Fibonacci levels such as 23.6 and 38.2. The system employs an aggressive marti
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
Invea Stoch is an automated trading robot for MetaTrader 4 that utilizes the Stochastic oscillator to identify entries based on overbought and oversold levels. The EA initiates trades when the indicator exceeds 85 or falls below 15, applying price action filters based on the highs of recent candles. It manages risk wit
This MetaTrader 4 expert advisor executes a scalping strategy focused on the 5-minute timeframe. It monitors price action relative to the Envelopes indicator, initiating trades when price crosses back inside the indicator boundaries after a deviation. The robot includes risk management controls through fixed take profi
BOP is a collection of Expert Advisors for MetaTrader 4 specifically designed for backtesting binary options strategies. The repository provides several robots based on technical indicators like the Stochastic Oscillator and the Relative Strength Index. These tools identify entry signals when indicator values cross def
Krisha Scalper is an automated trading robot for the MetaTrader 4 platform that identifies potential entry points using ATR and EMA indicators. The expert advisor implements several risk management layers, including percentage-based lot sizing, a maximum loss limit in points, and a trailing step feature. It supports pa
This MetaTrader 4 expert advisor implements a technical trading strategy using Bollinger Bands and the Parabolic SAR indicator. It operates on the M5 timeframe to identify price extremes via Bollinger Bands while utilizing M1 Parabolic SAR for trend confirmation. The robot includes hardcoded logic for specific currency
ETTrading is a collection of MetaTrader 4 expert advisors featuring a primary channel-based scalping robot and several standard indicator-driven strategies including MACD and Moving Average crossovers. The core automated system utilizes a channel formed by moving averages to identify entry points, primarily targeting s
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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