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
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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.
Type
Strategy
This MetaTrader 4 expert advisor functions as a data bridge between the trading platform and external applications. It utilizes the WebRequest function to send real-time Bid and Ask prices to a local web server via POST requests every two seconds. Additionally, it can retrieve and parse event data from the server using
This collection for MetaTrader 4 provides a suite of trade management and utility scripts. The primary expert advisor automates the application of stop loss and take profit levels for existing trades. It features a sophisticated trailing stop system with dedicated settings for major forex pairs, gold, and silver. Users
Manual Trading Tool MTT is a MetaTrader 4 utility designed to assist traders in managing manual positions. It features a graphical dashboard that displays live order data, including accumulated profits, swap costs, and position sizes for buy and sell orders. The tool monitors stop loss and take profit states while prov
Artemis IA is an expert advisor for the MetaTrader 4 platform that executes trades in the forex market. It uses a strategy based on fractal methodology and technical indicators to determine market direction. The logic integrates the Parabolic SAR indicator across M1, M5, and M15 timeframes, complemented by signals from
This MetaTrader 4 expert advisor executes trades based on Exponential Moving Average conditions across multiple timeframes. Originally designed as a crossover strategy, it incorporates a dynamic stop loss mechanism that adjusts based on price distance from the entry point. The robot features built-in risk controls, inc
This MetaTrader 4 repository contains a collection of expert advisors, including implementations of the standard MACD Sample and Moving Average strategies. The primary MACD robot enters trades based on MACD signal line crossovers filtered by an exponential moving average trend component. Risk management is handled thro
EA Swap is a MetaTrader 4 expert advisor designed to capture interest rate differentials during the triple rollover period, typically occurring on Wednesdays. It automates the process of opening a buy or sell position shortly before the swap is charged and closing it after the rollover is processed. The robot includes
This MetaTrader 5 utility identifies and visualizes horizontal levels based on the Ichimoku Kinko Hyo indicator components. It specifically scans for flat segments of the Tenkan Sen, Kijun Sen, and Senkou Span B lines where values remain constant for a user-defined number of consecutive periods. The software draws thes
This MetaTrader 5 expert advisor is designed for XAUUSD (Gold) trading, utilizing a purely random entry strategy. It opens one position at a time in a random direction, determined by a randomization function. The robot manages trades using a fixed stop loss and a trailing stop mechanism to limit potential losses while
Tao Stock Simple Arrow is a MetaTrader 4 expert advisor that serves as a visual signal generator for price breakouts. The program identifies the highest and lowest price levels within the most recent 100 candles. If the current price breaks these established boundaries, it places buy or sell arrow objects directly on t
This repository contains a large collection of over 300 MetaTrader 4 expert advisors and scripts, including standard MetaQuotes samples and custom experimental tools. The primary file, Algo Prueba, utilizes the Relative Vigor Index (RVI) to determine market entries and exits. It features basic trade management by filte
This automated trend-following expert advisor for MetaTrader 4 is designed specifically for the GBPJPY pair on the H1 timeframe. It identifies market entries using the Commodity Channel Index and Moving Average Convergence Divergence indicators. The system operates within specific GMT hours and manages a maximum of two
This repository contains a collection of MetaTrader 5 expert advisors developed for various market conditions and strategies. The files include implementations of trend-following systems like the Dunnigan NRTR, signal-based dashboards using multi-indicator confirmation, and experimental artificial intelligence models.
Laguna EA is an automated trading robot for MetaTrader 5 that utilizes the Average Directional Index and Exponential Moving Averages to identify market trends. It filters entries by requiring a minimum ADX value to ensure sufficient trend strength before executing trades. The system manages risk with fixed lot sizing a
This MetaTrader 4 expert advisor is an automated trading robot developed for a 2019 trading competition. It executes trades based on a price range breakout strategy, calculating entry levels from the high and low values of previous candles. The algorithm filters entries using a 10-period Exponential Moving Average and
This repository is a collection of MetaTrader 5 expert advisors and scripts designed as educational materials for a beginner-to-master MQL5 course. The codebase includes various modules demonstrating fundamental programming elements, such as arithmetic operations, loops, arrays, and data types. The included expert advi
Uzi Forex EA is a centralized trade copying system for MetaTrader 4 that utilizes a server-client architecture. It consists of a server module that broadcasts signals from a designated master account and a client expert advisor that executes trades locally. Users can define fixed lot sizes, limit the total number of co
This MetaTrader 4 expert advisor automates trading based on pivot point technical levels. It focuses on systematic trade execution with integrated risk management, featuring automated lot sizing calculated as a percentage of account balance relative to stop loss distance. The EA includes a trailing stop mechanism that
This MetaTrader 4 repository contains a collection of expert advisors focused on simple automated trading logic. The scripts include various entry methods such as Relative Strength Index triggers and time-based executions. Risk management is implemented through standard parameters including fixed lot sizing, stop loss,
This expert advisor serves as a communication bridge between MetaTrader 5 and external applications using the ZeroMQ messaging protocol. It functions as a server that listens for incoming requests on a specified TCP port, enabling data exchange and command execution from external scripts such as Python. The tool utiliz
This MetaTrader 5 collection features several automated trading robots focused on the forex market. The repository includes multiple expert advisors that utilize different technical analysis methods, such as Bollinger Bands, ADX, and Stochastic oscillators. Additionally, one module integrates the MetaTrader 5 economic
Junbari MT4 is a trend-following expert advisor for MetaTrader 4 that identifies trade entries based on price breakouts. The system monitors the highest highs and lowest lows over a specific lookback period to determine market direction. It enters positions when the current price breaks a historical level and meets a m
Classic Winner is an educational MetaTrader 4 expert advisor designed as a structural framework for automated forex trading. The repository provides a template for managing trades with built-in risk controls, including fixed percentage lot sizing and Average True Range based exit points. It features time-of-day filteri
This MetaTrader 4 tool monitors several currency pairs and gold using the Ichimoku Kinko Hyo indicator. It identifies price crosses across the Tenkan-sen, Kijun-sen, and Senkou Span lines. The tool generates alerts based on price action relative to these levels on timeframes ranging from thirty minutes to one day. It s
This MetaTrader 4 expert advisor implements a multicurrency basket trading strategy based on price action. It evaluates multiple currency pairs simultaneously using a scoring system that compares current price levels to opening prices across five-minute and fifteen-minute timeframes. The robot manages entries automatic
This MetaTrader 5 repository contains a collection of experimental expert advisors focused on trend-following and crossover logic. The primary codebase utilizes the Average Directional Index (ADX) to gauge trend strength and Moving Average crossovers to determine trade entries. The included tools feature hardcoded stop
MACD MA Cross is a MetaTrader 4 expert advisor that automates entries based on the alignment of MACD signals and Moving Average crossovers. The strategy triggers trades when indicators confirm a trend, using Linear Weighted Moving Averages (LWMA) for direction. The EA features an unconventional exit strategy where posi
This MetaTrader 5 expert advisor implements a mean-reversion strategy using the Triple Exponential Moving Average and Average True Range indicators. It constructs dynamic volatility bands by applying a multiplier to the ATR value relative to the TEMA. The robot enters a sell position when the market price breaks above
Usd5 3 EA is a MetaTrader 4 expert advisor that executes trades based on specific candlestick sequences and trend direction. It identifies patterns of three consecutive bullish or bearish candles followed by a reversal to signal potential entries. The robot utilizes a 25-period Simple Moving Average on the H4 timeframe
This collection for MetaTrader 4 and 5 includes various expert advisors exploring fuzzy logic and standard technical indicators. The primary logic demonstrated in the source files utilizes Simple Moving Averages to identify trend direction and price positioning. It features standard risk controls including fixed lot si
This collection of MetaTrader 4 and 5 expert advisors provides various utilities for trade management and entry automation. The primary tool, Multi TP, monitors specific order tickets to execute partial closes and modify stop losses when price targets are hit. Additional scripts automate entries based on price action p
Setup Da Paula is a MetaTrader 5 expert advisor that automates a technical trading strategy based on Bollinger Bands. The robot enters trades when specific price conditions are met relative to the bands, incorporating a volatility filter that checks the minimum band width in points. It manages risk through a fixed stop
This MetaTrader 4 expert advisor collection features a robot based on Stochastic oscillator crossovers. It monitors the M15 timeframe to identify shifts in momentum, entering trades when the fast indicator line crosses the slow line. The system automatically manages exits by closing opposing positions before opening ne
Hattyuu Samurai Zero is a manual trading panel for MetaTrader 4 that provides a graphical user interface for order execution and management. Built using the mt4gui2 library, it features on-chart buttons for entering and exiting trades, along with dedicated controls for trailing stops. The utility displays real-time met
This Expert Advisor for MetaTrader 5 implements a trend-following strategy based on four moving averages. It determines market direction to trigger buy or sell entries during specified trading hours. The robot features time-restricted operations, allowing trade execution only between set start and end times. Risk manag
This MetaTrader 5 expert advisor automates trading for the Brazilian Mini Dollar market. It operates as an intraday robot, utilizing specific time-based filters to control when the system can open new positions and when it must liquidate all open trades before the daily market close. The EA includes standard risk contr
Breakout Exp is a MetaTrader 4 expert advisor that implements a breakout-based trading strategy. It utilizes adjustable fast and slow period parameters to determine market entry and exit points. The system manages trades using fixed lot sizes and identifies its own positions via a unique magic number. It includes funct
This MetaTrader 4 expert advisor automates trading based on trendline analysis. It identifies price trends within a specific lookback period and executes entries when price aligns with these detected structures. The robot manages risk through a percentage-based money management system, requiring a stop loss and minimum
Quanta is an automated trading robot for MetaTrader 4 and MetaTrader 5 that executes trades based on external indicator signals. The EA utilizes the WebRequest function to download data and HTML files from a remote server to guide its trading logic. For risk control, the system provides parameters for manual lot sizing
This MetaTrader 4 collection features automated trading scripts primarily based on the Ichimoku Kinko Hyo indicator. The expert advisors execute trades by analyzing the relationship between Tenkan-sen and Kijun-sen lines relative to the Senkou Span cloud. Risk is managed via fixed lot sizing and a maximum concurrent tr
This MetaTrader 4 repository provides a set of tools and scripts designed around Pivot Point price levels. It includes a module for drawing pivots on the chart and a statics Expert Advisor that performs historical analysis. The statics tool scans thousands of candles to determine if price successfully touched weekly pi
This expert advisor for MetaTrader 5 provides a foundational implementation of the Relative Strength Index (RSI). It calculates the RSI value using a standard 14-period setting on the current chart and timeframe. The code focuses on data retrieval and processing, using the iRSI function and price buffers to determine t
Span Model Day Trader is a MetaTrader 4 expert advisor that monitors market signals based on the Span Model and Super Bollinger technical indicators. The code specifically focuses on the USDJPY currency pair, evaluating the relationship between blue and red spans derived from the Ichimoku Kinko Hyo indicator. It tracks
This MetaTrader expert advisor implements a trading strategy based on Bollinger Bands. It primarily operates on the daily timeframe, using the indicator's upper and lower bands to identify potential trade entries. The robot includes standard risk management parameters, such as a fixed stop loss and take profit for ever
This MetaTrader 4 expert advisor implements a multi-strategy approach to automated trading using several technical indicator combinations. It features distinct logic for long and short positions, utilizing the Relative Strength Index, Moving Average Convergence Divergence, and Ichimoku Kinko Hyo. Buy signals are genera
This MetaTrader 4 expert advisor implements a pairs trading or statistical arbitrage strategy primarily designed for energy commodities like USOIL and UKOIL. It monitors the price differential between two correlated assets over a specific lookback period to identify mean-reversion opportunities. The robot executes simu
This expert advisor for MetaTrader 4 automates trading based on the Pin Bar candlestick pattern. It identifies entries by evaluating candle geometry, specifically the ratio of the body to the total length and the minimum size of the candle. Users can adjust the sensitivity of the detection logic and limit the maximum n
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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