This MetaTrader 5 expert advisor serves as an equity monitoring utility designed to alert traders when their account equity hits a specific target. It operates by continuously scanning the account status and comparing the live equity value against a user-defined parameter. When the threshold is met, the program sends a
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Expert Advisor Library
1,977 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Strategy
Michael Balack EA is a collection of MetaTrader 4 scripts and automated trading tools, primarily focusing on session-based range breakouts. The main expert advisor identifies the minimum and maximum price levels during a specific user-defined time window. It manages trades using fixed lot sizing and includes parameters
This utility for MetaTrader 5 monitors open positions to alert the user when a specific profit target is achieved. It continuously checks the floating profit of active trades against a user-defined input parameter. When a trade meets or exceeds this threshold, the expert advisor sends a mobile push notification to the
This MetaTrader 4 expert advisor executes trades based on the crossover of two Simple Moving Averages. It identifies trend shifts by comparing the relationship between a fast and a slow moving average over the two most recent bars. The robot enters a buy position and closes existing sell trades when the fast MA crosses
Arra is an automated trend-following expert advisor for MetaTrader 4 that utilizes a moving average crossover strategy paired with a volatility filter. It triggers trades when a short-term simple moving average crosses a long-term SMA, but only if the current Average True Range indicates higher volatility than a previo
This MetaTrader 4 expert advisor implements a basic price action strategy based on bullish and bearish engulfing candlestick patterns. It identifies trade signals by comparing the current candle body to the previous one at the start of each new bar. The logic includes dynamic stop loss placement at recent candle extrem
HGSS Candle Bob is an automated trading system for MetaTrader 4 that identifies trade setups using candle sequences and external library signals. It evaluates market conditions via the HGI library to detect trends and ranges, allowing for both trend-following and pullback strategies. Risk management includes fixed lot
This MetaTrader 4 expert advisor implements a spread trading strategy between two correlated commodities, specifically targeting USOIL and UKOIL. It utilizes timer-based logic to monitor price differences at set intervals rather than relying on standard chart candles. The robot enters trades based on volatility thresho
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
This MetaTrader 4 repository provides a collection of utility scripts intended for personal use. Its main Expert Advisor functions as a logic framework for developers, specifically designed to execute code exactly once at the start of each new price bar. By comparing the current bar time to the last recorded timestamp,
This MetaTrader 5 expert advisor implements J. Welles Wilder's momentum concept as described in his foundational technical trading literature. The tool functions as a price scanner that calculates the mathematical difference between the most recent closed bar and a historical reference bar. It outputs these calculation
This MetaTrader 5 tool scans historical price data to identify candlesticks with identical characteristics to the most recently closed candle. It functions as a pattern recognition utility for identifying Japanese Candlestick formations such as the Homing Pigeon and Marubozu across various timeframes. The expert operat
This repository contains a collection of utility scripts for MetaTrader 4 designed for manual order management. The tools allow users to automate the closing of all open market positions or the deletion of pending orders in bulk. These scripts identify and process order types including Buy Limit, Sell Limit, Buy Stop,
This collection for MetaTrader 4 provides a set of expert advisors designed for testing technical indicator logic and trade management. The primary EA, Optimal Close, integrates Bollinger Bands and Stochastic oscillators to analyze market conditions across multiple timeframes. It features a built-in trailing stop mecha
Gold Warrior is a MetaTrader 5 expert advisor that utilizes a combination of Commodity Channel Index (CCI), ZigZag, and momentum impulse indicators for trade execution. The robot manages individual positions with fixed stop loss and take profit settings while employing a trailing stop for profit protection. It features
This expert advisor for MetaTrader 4 utilizes a bridge to the R programming environment to implement machine learning for currency trading. It leverages pre-trained XGBoost models to identify trade opportunities based on technical features such as Average True Range, Bears Power, and Bulls Power indicators. The robot m
This MetaTrader 4 expert advisor executes trades based on short-term price momentum across three consecutive candles. It monitors closing prices to identify price direction, initiating a buy order when prices are rising or a sell order when prices are falling. The system includes configurable fixed stop loss and take p
The Quantum Reverse EA is a low-frequency counter-trend trading robot developed for the MetaTrader 5 platform. It aims to identify potential market reversals to enter trades against the current trend direction. Based on the provided repository contents, the expert advisor is in a foundational state, as the main source
Falcon F is an automated trading system for MetaTrader 4 that utilizes supervised deep learning and an external Decision Support Centre powered by R to identify market inefficiencies. It analyzes indicator patterns across M1, M15, and H1 timeframes to predict price changes and trade direction up to 100 hours ahead. The
A collection of MetaTrader 4 expert advisors centered around trend-following strategies using standard technical indicators. The primary logic utilizes MACD signal line crossovers filtered by moving average trends to identify entry points. Risk management is handled through fixed lot sizing, predefined take profit leve
Multi Trader is a MetaTrader 4 tool designed to execute and manage a multi-position strategy through an on-chart dashboard. It allows traders to open up to three simultaneous orders with a unified stop loss but independent take profit targets and lot sizes. The expert advisor manages trade progression by adjusting stop
This repository provides a specialized framework and example expert advisors for developing Renko-based trading systems on the MetaTrader 5 platform. It includes a dedicated MQL5 header library that simplifies integration with the Median Renko indicator bundle. The framework handles the acquisition of chart settings au
MartGreg GP1 is a MetaTrader 5 expert advisor designed for automated trading with a focus on specific instruments like Brent Crude. It executes trades using a fixed lot size and manages each position with predefined stop loss and take profit levels. The system includes a risk management component that tracks the accoun
This repository provides a collection of expert advisors for the MetaTrader 5 platform, primarily utilizing the standard MQL5 library components. The main expert advisor, ExpertMAPSARSizeOptimized, generates trade entries based on Moving Average crossovers and manages exits using a Parabolic SAR trailing stop. It inclu
This repository is a collection of expert advisors for MetaTrader 4, primarily focusing on moving average crossover strategies. The core EA, Lewis Double MA, identifies golden cross and death cross signals to enter trades. It includes logic to manage positions via individual or total profit targets and implements an or
This MetaTrader 4 utility serves as a comprehensive trading assistant for manual chart analysis and risk management. It integrates various drawing tools, including object snapping and supply-and-demand indicators, to help identify entry points. The expert advisor includes a risk calculator that determines position sizi
Simple Sys is a MetaTrader 4 expert advisor that executes automated trades based on a specific daily start hour and moving average alignment. At the designated hour, the robot evaluates the relationship between current price action and a long-term moving average to identify trend direction. It features fixed lot sizing
This MetaTrader 5 expert advisor is a pattern-based automated trading system that utilizes external signal data from a CSV file. It incorporates several risk management parameters, such as a maximum position limit, a maximum loss threshold, and a count for consecutive losing trades. The EA also includes a trailing stop
This MetaTrader 4 repository contains a collection of basic expert advisors designed around standard technical indicators. It includes automated strategies for MACD crossovers, moving average crossovers, and mean-reversion setups using Bollinger Bands, RSI, and Stochastic oscillators. Each individual robot executes tra
News Catcher EA is an automated trading robot for MetaTrader 4 designed to trade market volatility typically associated with news events. It functions by placing pending buy and sell orders at a specific distance from the current price at a pre-defined start time. The EA manages trades using a configurable trailing sto
This MetaTrader 4 expert advisor serves as a development prototype based on standard technical indicators. It utilizes a combination of MACD signal line crossovers and Bollinger Band price interactions to automate trade entries. The robot initiates buy orders when the MACD main line is above the signal and price recove
JiaoYi is a MetaTrader 4 expert advisor designed to trade based on manually or programmatically defined support and resistance levels. It features three operational modes allowing users to target price breakouts, oscillations within a range, or a combination of both strategies. The EA manages trade execution by monitor
Boss Logic is an automated trading robot for MetaTrader 4 that utilizes a combination of the Zigzag indicator, MACD, and Turtle Trading Channel logic. The EA monitors price pivots across various bar intervals to identify potential entry points based on trend exhaustion or reversals. Trade management includes standard t
The Deadswan repository for MetaTrader 4 provides a utility designed for chart visualization and manual trade planning. It automatically plots multiple horizontal lines on the chart at predefined price intervals, allowing users to define the number of lines, colors, and thickness. The tool uses a millisecond timer to m
This repository contains a collection of MetaTrader 4 expert advisors and utility scripts for the Forex market. The primary expert advisor combines ADX momentum, Stochastic oscillators, and candlestick patterns, such as Doji and Engulfing candles, to identify trade entries. It features automated lot sizing based on acc
Goertzel Dfilter Expert is an automated trading robot for MetaTrader 4 that utilizes signal processing techniques to enter and exit trades. It implements the Goertzel algorithm alongside a digital filter to determine market direction. The expert advisor follows a reversal logic, closing existing short positions when a
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
This repository is a collection of expert advisors for the MetaTrader 5 platform, featuring several trend-following and indicator-based strategies. It includes implementations for MACD crossovers, Moving Average crosses, and Parabolic SAR logic. The experts provide standard trade management features such as fixed lot s
This MetaTrader 4 repository contains a collection of trading systems, primarily featuring the Gold Digger expert advisor. The main strategy identifies entry points using multiple Bollinger Band deviation levels filtered by RSI and Stochastic oscillators. It is designed for mean-reversion or trend reversal setups, util
This MetaTrader 4 expert advisor executes trades based on a simple moving average crossover strategy. The robot requires a specific start hour to authorize trading activity. Once active, it waits for a cross between two configurable moving averages to initiate buy or sell orders. The system uses hardcoded stop loss and
This MetaTrader 4 expert advisor implements a simple moving average crossover strategy. It uses two user-defined SMA periods to determine entry points once a specific hour of the day is reached. The robot monitors the relationship between the fast and slow averages, opening a single trade when they cross in a specific
Parallel Strategies is a multi-strategy expert advisor for MetaTrader 4 that executes four independent trading systems concurrently. These systems include moving average crossovers, MACD breakouts, Heiken Ashi signals, and a combined Heiken-MACD approach. Each strategy operates with its own magic number for distinct ma
This MetaTrader 5 expert advisor implements a multi-currency trading strategy based on a coefficient matrix of major forex pairs. It monitors price movements across a predefined set of currencies, including EUR, USD, GBP, AUD, JPY, and CAD, to identify trading opportunities. The system manages trades as a collective ba
This MetaTrader 4 expert advisor executes trades based on price distance from a Moving Average. It monitors whether the current price is within or outside specific bands defined by a margin parameter. When price exceeds these boundaries, the system manages pending buy stop and sell stop orders to capture market movemen
MAEA is a multi-symbol expert advisor for MetaTrader 4 that automates entries based on moving average analysis. The robot scans available symbols and monitors price action on the M15 timeframe. It incorporates automated trade management features including a break-even function and dynamic lot sizing based on a fixed ri
This MetaTrader 4 expert advisor utilizes the Relative Strength Index (RSI) and Momentum indicators to identify trading opportunities. The EA monitors price action, spreads, and indicator levels across various timeframes. A notable feature is its ability to log real-time market data, including broker info and indicator
This collection for MetaTrader 4 provides utility scripts for trade management and execution. The primary tool, GECloseOpen, automates the process of closing existing positions with a specific comment and opening a new trade. It calculates lot sizes based on a user-defined percentage of account equity. Users can specif
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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