This expert advisor for MetaTrader 4 implements a mean reversion strategy primarily targeted at the GBPUSD pair. It automates trade execution by identifying price patterns and entering positions with predefined risk parameters. The bot manages exits through a hard stop loss, a target take profit based on a user-defined
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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 collection for MetaTrader 4 and 5 provides educational examples of calculating lot sizes or stop loss levels based on account equity risk. It uses a moving average crossover strategy to enter trades, triggering orders when short-term and long-term averages intersect. The expert advisor includes logic to calculate
This expert advisor for MetaTrader 4 and 5 serves as a tutorial for implementing cooling-off periods between trade executions. It triggers entries based on a standard moving average crossover using configurable fast and slow periods. Users can restrict trade frequency by setting a minimum number of bars or minutes that
The Strat MT4 EA is an experimental automated trading system designed for MetaTrader 4 based on The Strat price action framework. It utilizes candle classifications, specifically types 1, 2, and 3, to identify potential market reversals and continuations. The robot features flexible money management, allowing users to
EA HiLo is an automated trading robot for MetaTrader 4 that utilizes the HiLo Activator indicator for signal generation. It executes buy orders when the price closes above the indicator and sell orders when it closes below. The system includes a directional filter based on a moving average to confirm market trends befo
Liangxifeng MT4 Collection is a repository of MetaTrader 4 expert advisors focused on automated trading strategies. The primary EA employs a dual moving average crossover system to initiate trades and features a scaling mechanism that increases lot sizes as the market moves in favor of the position. It manages risk thr
AE Expert Curious is a collection of MetaTrader 4 expert advisors based on the Raghee Horner trend-following methodology. It utilizes specific Exponential Moving Average crossovers, including the 13, 21, 34, and 55-period lines, to determine market direction and momentum. The strategy incorporates several technical fil
Ledia EA Assistant is a manual trading utility for MetaTrader 4 designed to streamline order execution and risk management. It allows users to enter positions at market price or via custom entry levels while automatically detecting the required order type, such as limits or stops. The tool includes built-in calculators
This MetaTrader 4 expert advisor executes trades based on momentum oscillators, trend filters, and price action patterns. It utilizes a Stochastic oscillator alongside multiple Exponential Moving Averages to identify entry points in alignment with the prevailing trend. The logic incorporates candlestick analysis, speci
This MQL4 framework provides a structured logging utility for MetaTrader 4 developers to record system events to external files and the terminal console. It allows users to categorize messages across six severity levels: trace, debug, info, warning, error, and critical. The class manages file creation within the platfo
This automated expert advisor for MetaTrader 4 executes trades based on moving average crossovers and trend-following logic. It incorporates the Chandelier Exit method, utilizing the Average True Range and price extremes to determine market direction. Risk management is handled through user-defined stop loss and take p
Falcon S is a rule-based expert advisor for MetaTrader 4 designed to execute trades based on external sentiment analysis data. It functions as a production bridge for decisions generated in external environments like R, reading trade triggers from CSV files. The robot operates primarily on the H1 timeframe with schedul
This MetaTrader 4 repository hosts a large collection of automated trading systems, including the Aladdin 9 FX expert advisor. This specific tool identifies entries using the Commodity Channel Index and a Moving Average filter. It operates using a grid-based logic combined with martingale lot scaling, controlled by a l
This MetaTrader 4 repository contains a collection of experts and tools focused on technical indicators and machine learning. It features an implementation of Alexander Elder's Triple Screen strategy using Exponential Moving Averages and MACD to filter trends and entries. Additionally, the collection includes a machine
MQL4 Price is a development library and utility for MetaTrader 4 that provides functions to convert between different price units including raw price, pips, and points. It serves as a framework for developers to handle decimal digit differences across various currency pairs and symbols. The repository includes a collec
Price Action Expert is a MetaTrader 4 robot that automates trade execution by combining Fibonacci levels with candlestick pattern analysis. The EA identifies the prevailing market trend through Fibonacci ratios and seeks entry signals using pin bars, engulfing patterns, and morning star formations. It features automate
This collection for MetaTrader 4 contains over eighty expert advisors and scripts primarily focused on Bollinger Band breakout strategies. The repository includes numerous variations for fixed lot sizes and specific money management settings. The included logic covers price action relative to moving averages and volati
This framework provides a standardized method for developers to implement licensing and serial key validation within MetaTrader 4 and MetaTrader 5 Expert Advisors. It utilizes an external validation library to authenticate users by comparing hardware IDs and product codes against encrypted serial keys. The system inclu
This expert advisor is a cross-platform trade copier designed for MetaTrader 4 and MetaTrader 5. It facilitates local or remote trade replication using network sockets for low-latency communication. The system consists of mother and child components, allowing users to map specific symbol names between different brokers
Prop Firm Manager is a risk management utility for MetaTrader 4 designed to help traders comply with prop firm rules and protect account equity. The tool monitors maximum loss per trade and daily drawdown limits using either fixed dollar amounts or percentages. It manages trading sessions by restricting overnight and w
This MetaTrader 4 collection contains automated trading systems developed by the MQL UZ team, focusing on technical analysis strategies. The primary expert advisor, Fibonacci Djamoliddin, identifies market entries using Fibonacci retracement levels and chart objects. It includes basic risk management features such as f
This expert advisor for MetaTrader 4 and MetaTrader 5 implements a trend-following strategy based on moving average crossovers. It triggers trades when a fast moving average crosses a slow moving average, utilizing new bar detection to filter out market noise. The system manages open positions using fixed stop loss and
This Expert Advisor for MetaTrader 4 implements the No Nonsense Forex (NNFX) methodology on the daily timeframe. It manages 27 forex pairs by scanning for signals shortly before the daily candle close to optimize spread costs. The EA handles trade entries, partial scaling out, and trailing stops based on Average True R
Profit Hunter is an expert advisor for MetaTrader 4 designed for forex and cryptocurrency trading. It utilizes a composite signal strategy combining Triple Moving Average, Adaptive RSI, CCI, iTrend, and Fisher indicators. The robot executes trades using a grid system where distances between orders are set manually or c
This MetaTrader 4 expert advisor implements a mean-reversion strategy using Bollinger Bands. It monitors for price action that closes outside the bands and subsequently returns within them. The robot places pending buy stop or sell stop orders at the high or low of the signal candle to capture the retracement. It featu
This MetaTrader 4 expert advisor implements a trend-following strategy based on three exponential moving averages and the Stochastic oscillator. It identifies trade opportunities when two shorter-period EMAs sequentially cross a longer-period EMA. Positions are managed with fixed stop loss and take profit levels, with
Clarissa is a MetaTrader 4 expert advisor that automates a momentum-based strategy utilizing price action and volatility indicators. It identifies entry opportunities by comparing Monday's price change to the 14-period Average True Range (ATR) on a daily timeframe. For trade management, the EA features volatility-based
This repository hosts a collection of MetaTrader 4 expert advisors, with a primary focus on automated candlestick pattern trading via CandleBot. This robot monitors for numerous formations including hammers, engulfing candles, and stars to execute trades. It incorporates risk management through fixed lot sizes or depos
Robot Desiree is a trend-following expert advisor for MetaTrader 4 that utilizes Donchian Channels for trade entries and exits. The system identifies breakouts based on configurable lookback periods and manages positions using either fixed pip-based levels or volatility-adjusted stops and targets calculated from the Av
This MetaTrader 4 utility provides a framework for remote license management and authorization. It facilitates connection to an external web API to verify user keys through the wininet DLL library. The program executes an initial check upon activation and continues to monitor the authorization status at hourly interval
This MetaTrader 4 expert advisor provides a framework for trading dual moving average crossovers. It offers automated trade execution with a strong focus on risk management, including lot sizing calculated from a user-defined percentage of account equity. The system manages exits through either fixed pip values or vola
GitGpa is an extensive repository of MetaTrader 4 expert advisors, primarily featuring implementations of the OzFX strategy alongside various technical indicator-based bots. The collection includes tools for trend chasing, breakout trading, and moving average crossovers. These experts incorporate multiple risk manageme
This MetaTrader 4 repository contains a collection of expert advisors, primarily featuring SwapTrader. This specific EA enters and exits positions at predefined times, specifically targeting the market rollover period to account for swap rates. It includes risk management settings such as fixed or percentage-based lot
MQL4 Project Templates provides a collection of MQL4 boilerplates designed for MetaTrader 4 developers. It serves as a foundational framework rather than a functional trading robot. The repository includes basic structures for experts, indicators, scripts, classes, and functions. The provided expert advisor template co
Jonny EA Simple is an automated trading robot for MetaTrader 4 that executes trades based on an algorithmic indicator using configurable look-back periods. It manages risk by calculating position sizes as a percentage of the current account balance, ensuring lot sizing remains proportional to equity. For trade exits, t
The Belinda Sizing EA is a MetaTrader 4 expert advisor that executes a trend-following strategy based on Simple Moving Average crossovers. It uses a volatility filter comparing current Average True Range values against historical data to confirm market conditions before entry. Trades are managed with a hard stop loss a
This MetaTrader 4 expert advisor executes a trend-following strategy based on simple moving average crossovers. It enters trades when a short-term SMA crosses a long-term SMA, provided a volatility filter using the Average True Range is met. The system includes automated exit logic via opposite crossovers, a hard stop
This repository contains a collection of MetaTrader 4 expert advisors developed for educational purposes and backtesting practice. It features several distinct trading strategies, including moving average crossovers, stochastic counter-trend setups, and pending order breakouts. The included scripts demonstrate essentia
Forex News Killer is a protective utility for MetaTrader 4 designed to manage market exposure during high-impact economic events. It monitors external news calendars and automatically intervenes by closing open positions, deleting pending orders, or disabling the platform's global algorithmic trading button. The EA off
This repository provides a collection of trading scripts for MetaTrader 4, MetaTrader 5, and Pine Script, covering various technical strategies. It includes a Williams Alligator expert advisor that enters trades based on the alignment of three smoothed moving averages. The repository also contains code for grid and hed
Move Stop To Breakeven is a trade management expert advisor for MetaTrader 4 and 5 that automatically secures open positions by adjusting stop-loss levels. Once a trade reaches a user-defined profit distance in points, the EA moves the stop-loss to the entry price or a specified buffer level. It features options to acc
This repository contains an extensive collection of over 200 Expert Advisors developed for the MetaTrader 4 and MetaTrader 5 platforms. The files range from individual strategy implementations like CCI multi-pair and cycle-based trading to comprehensive testing frameworks. The primary featured Expert Advisor includes a
This repository contains a collection of MetaTrader 4 and 5 expert advisors primarily focused on grid and martingale trading strategies. The included robots utilize multiplier-based lot scaling, geometric progression, and fixed-distance grid layering to manage positions. The suite features specialized dashboards for mo
This repository provides a collection of MetaTrader 4 expert advisors, primarily focused on a manual trading dashboard and an indicator-based robot. The included dashboard enables manual execution with automated trade management features such as hidden virtual stop loss and take profit levels, profit locking, and multi
This collection of MetaTrader 4 expert advisors provides several distinct trading strategies including candlestick pattern recognition, moving average trends, and currency strength analysis. The repository contains a dedicated martingale algorithm alongside robots focused on engulfing and morning star patterns. The pri
Single Breakeven is a trade management tool for MetaTrader 4 and 5 that monitors multiple open positions on a single symbol. When the aggregate profit in account currency reaches a user-defined threshold, the expert advisor moves the stop loss of all included trades to a calculated breakeven price. It supports filterin
Chinaliyue MT4 EA Collection is a repository of various expert advisors and trading utilities for MetaTrader 4. The collection features several manual trading panels that allow users to execute orders with predefined stop loss and take profit levels. It includes management functions such as trailing stops and break-eve
MA Trailing Stop is a trade management expert advisor for MetaTrader 4 and MetaTrader 5. It monitors open positions and automatically adjusts stop-loss levels based on the value of a moving average indicator. Users can customize the indicator period, method, and shift to suit their strategy. The tool includes filtering
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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