ATR Breakeven Engulfing EA is a MetaTrader 4 trading robot that combines engulfing price action patterns with the Relative Strength Index for market entries. It is designed to operate on low timeframes, such as M5, focusing on ranging currency pairs. The EA manages risk through fixed stop loss and take profit levels, w
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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
Trading robot 157Trade manager 1Risk & protectionNews tradingCopier & bridge 2Framework & template 2Collection 69Utility 5
Strategy
BBMA Profit Seeker is a MetaTrader 4 expert advisor implementing a Bollinger Bands and Moving Average crossover strategy. It enters long positions when price rebounds from the lower band and closes above the moving average, while short entries occur after a rejection from the upper band. The robot manages exits dynamic
This MetaTrader 4 expert advisor executes trades based on a moving average crossover strategy. It specifically monitors the relationship between price action and a configurable moving average period, traditionally set to 50. The robot enters buy positions when the price closes above the moving average and sell position
The BU ATR Breakeven Engulfing is a MetaTrader 4 robot that executes trades based on candlestick price action and volatility indicators. It identifies entry points using bullish and bearish engulfing patterns, which are then filtered through the Relative Strength Index to confirm momentum. The system incorporates dynam
ANB Scalper is an automated trading robot for MetaTrader 4 that implements a scalping strategy centered on Fibonacci retracement levels. The EA calculates support and resistance zones by analyzing the highest and lowest prices over a user-defined candle lookback period. It filters potential entries using a combination
Average Scalper is a MetaTrader 4 expert advisor designed for trend-following strategies based on moving average levels and volatility ranges. It uses a 50-period Exponential Moving Average to determine market direction, initiating buy orders when the price is above the line and sell orders when below. Risk management
InfinityRSI Trader is a MetaTrader 4 expert advisor that automates trading based on Relative Strength Index (RSI) thresholds. It enters long positions when the RSI falls below a configurable level and enters short positions when the RSI rises above a specific threshold. The robot manages active trades using hard stop l
This MetaTrader 4 expert advisor focuses on identifying and trading trend reversals using price action patterns, specifically pin bars. It operates as an automated robot that monitors market conditions to execute entries based on reversal signals. The EA features an extensive graphical user interface that displays real
Forex Cruise System is a MetaTrader 4 expert advisor that executes a breakout strategy based on price movements during the US and European session openings. The robot identifies a price range within a specific morning time window and enters trades when price breaks beyond defined thresholds. It includes integrated risk
The 24fx expert advisor for MetaTrader 4 automates trading based on external data updates and a specific hourly schedule. It manages trades through a state-based system, handling pending limit orders, market positions, and paused states. Risk management features include a choice between fixed lot sizes or percentage-ba
This MetaTrader 4 expert advisor implements a trend-following strategy based on a dual Exponential Moving Average crossover. It is designed for higher timeframes such as H1, H4, and Daily charts. The robot manages trade entries via the crossover and exits positions using a combination of a fixed take profit and a trail
Forex Winner EA is an automated trading robot for MetaTrader 4 that utilizes Relative Strength Index boundaries and volatility calculations to identify entry points. It employs a martingale-style recovery strategy, using a lot multiplier to scale positions after losses. The EA includes risk management controls such as
This MetaTrader 4 expert advisor executes trades based on a price-action strategy involving dynamic horizontal bands. The bot identifies entries by tracking price interactions with median levels and subsequent breakouts of upper or lower band boundaries, filtered by RSI indicator readings. It features automated risk ma
This MetaTrader 4 expert advisor implements a momentum-based trading strategy combined with reinforcement learning components. The robot enters buy positions when the current price exceeds the previous close and sell positions when it falls below, while simultaneously closing any opposing orders. It features a visual o
This MetaTrader 4 expert advisor executes trades based on price momentum at the start of every new candle on timeframes below daily. It identifies potential entries by comparing the current candle's close to the previous close, automatically closing existing opposing positions to reverse direction. The bot utilizes a v
This MetaTrader 4 expert advisor implements a trend-following strategy based on the alignment or crossover of three distinct moving averages. Users can configure the period, method, and price source for fast, medium, and slow averages. The robot manages risk using dynamic stop loss and take profit levels calculated fro
This MetaTrader 4 expert advisor automates trading using a combination of support and resistance levels, Fibonacci retracements, and Marubozu candlestick patterns. It calculates and visualizes pivot points, support zones, and resistance zones across daily, weekly, and monthly timeframes. The robot identifies entries ba
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 expert advisor executes two distinct intraday strategies focused on the GBPUSD pair. The first approach identifies price deviations from the daily open, while the second targets retracements from specific daily range extensions. The robot manages multiple position types, including primary and extra or
Shuriken FX is an automated trading robot for MetaTrader 4 that executes trades based on indicator-driven signals, visualized as arrows on the chart. The expert advisor implements basic trade management using fixed lot sizing and mandatory stop loss and take profit levels. It supports both automatic and manual operatio
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 the No Nonsense Forex (NNFX) algorithmic trading strategy. It utilizes a multi-layered approach for trade entries, incorporating a primary confirmation indicator, a secondary confirmation indicator, a volume filter, and a baseline for trend direction. The bot includes risk ma
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 repository contains a large collection of over fifty MetaTrader 4 expert advisors, many of which are generated using the fxDreema visual development platform. The library covers a diverse range of strategies including gold scalping, candle-based robots, news filters, and grid management tools. Risk controls vary b
This MetaTrader 4 expert advisor implements a multi-indicator trading system primarily based on moving averages and Ichimoku Kinko Hyo components. It monitors price action relative to multiple timeframes, including D1, H4, and H1 high and low levels. The system features automated order execution with built-in trailing
This MetaTrader 4 repository hosts a collection of expert advisors based on a standardized automated trading template. The source files are tailored for EURUSD on the M15 timeframe, offering a modular structure for integrating custom entry and exit signals. It includes comprehensive risk management settings, allowing u
Trends Followers is a MetaTrader 4 expert advisor that executes trades based on trend analysis, support and resistance levels, and news events. The robot manages entries using a trend-following approach and allows users to set a minimum trade duration to avoid premature exits. It includes risk management controls to li
Siren is a MetaTrader 4 expert advisor that automates trading based on technical indicators and multi-timeframe price levels. It utilizes the ZigZag indicator alongside multiple Exponential Moving Averages, including the 10, 20, 100, and 200 periods, to identify market trends. The EA monitors price action relative to p
This MetaTrader 4 expert advisor utilizes an Exponential Moving Average alignment strategy for short-term trading. It identifies trend direction by comparing several EMA periods, including 5, 8, and 13, to execute market entries. The robot features built-in risk controls, including hard stop loss and take profit settin
This repository provides a collection of standard template expert advisors for both MetaTrader 4 and MetaTrader 5. It includes the classic MACD Sample and Moving Average robots, which demonstrate indicator-based trading logic. The MACD Sample enters positions based on MACD signal levels filtered by a moving average tre
This MetaTrader 4 expert advisor is a sample trading robot generated by StrategyQuant X. It utilizes the Williams Percent Range indicator for entry signals and incorporates Average True Range components for volatility measurement. The system employs fixed lot sizing and includes risk management features such as a hard
This MetaTrader 4 expert advisor is an automated trading robot specifically developed for the GBPNZD currency pair on the M15 timeframe. Generated using the EA Studio software, the strategy utilizes Bollinger Bands as its primary technical indicator to determine market entries and exits. The code includes built-in risk
This automated trading robot is designed specifically for the AUDJPY currency pair on the H1 timeframe for MetaTrader 4. Developed using the Expert Advisor Studio platform, the software utilizes a combination of directional and volume indicators to identify entry and exit points. It incorporates standard risk managemen
This MetaTrader 4 expert advisor implements an automated trading strategy based on the Bollinger Bands indicator. It monitors price positions relative to the upper, lower, and middle bands on the H1 timeframe. The EA uses a series of threshold parameters to determine entry and exit points, as well as the deletion of or
This repository provides a collection of MetaTrader 4 expert advisors designed for forex and digital markets. The primary expert advisor implements a breakout strategy by placing buy and sell stop orders at a specific distance from the previous day's high and low prices. It includes automated trade management features
This MetaTrader 4 robot automates a breakout strategy focused on the London and New York trading sessions. It identifies price ranges over a set number of bars and executes trades when price breaks above or below these levels. The EA includes an Exponential Moving Average filter to align trades with the prevailing tren
This repository provides a collection of MetaTrader 4 expert advisors centered on trend-following and hedging mechanics. The primary Trend EA identifies market entries using moving average crossovers, stochastic oscillators, and MACD indicators. Risk is managed through percentage-based equity lot sizing and pair-specif
Matrix Martingale is a MetaTrader 4 expert advisor designed to trade price action based on previous candle ranges. It utilizes a fixed Martingale lot scaling sequence across ten levels to manage trades. Entries are determined by Fibonacci levels, specifically placing orders at 25% or 50% retracements of the previous ca
This MetaTrader 4 expert advisor utilizes a modular approach to automated trading, offering multiple selectable strategies including trend-following, RSI mean-reversion, and moving average crossovers. It calculates entries using indicators like ADX, Stochastic, and Hull Moving Averages. Risk management is handled throu
This MetaTrader 4 repository contains a collection of automated trading scripts designed for the foreign exchange market. The primary robots include Mover, which utilizes moving average crossovers to identify trends, and Cristos, which focuses on market openings and news events. The collection also features a semi-auto
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
Falcon B is a MetaTrader 4 robot developed for the Lazy Trading Project, designed to integrate with external decision support systems. It uses a combination of moving average crossovers and Keltner Channels to identify trade entries. The system includes robust risk management features, allowing for fixed or volatility-
Algo 01 is a MetaTrader 4 expert advisor that executes trades based on moving average crossover signals. It references an external custom indicator path for signal generation and allows users to define fast and slow moving average periods for its logic. The robot includes risk management features such as percentage-bas
Jaibot is a MetaTrader 4 expert advisor designed for scalping on the M15 timeframe. The software monitors a wide range of forex pairs, scanning for opportunities every five minutes via a timer-based function. It includes built-in Telegram integration using an external library to provide remote notifications and status
Discretion Algo is a collection of MetaTrader 4 experts designed for automated trading based on technical price action patterns. The repository provides distinct modules for identifying liquidity sweeps and engulfing candle formations. The system employs multi-timeframe analysis, by default analyzing price data across
This MetaTrader 4 expert advisor executes a strategy based on the 200-period Exponential Moving Average. It identifies potential entries when price action deviates from the EMA, specifically seeking bearish candles below the average for buy orders and bullish candles above the average for sell orders. The robot include
Break Time UJ is a MetaTrader 4 expert advisor that automates a breakout strategy triggered at a specific time of day. It identifies support and resistance levels using the BreakOut PANCA EAGLE custom indicator and applies a 60-period Exponential Moving Average as a trend filter. The EA manages risk through a trailing
This MetaTrader 4 expert advisor implements a trend-following scalping strategy using a combination of moving averages and the Stochastic oscillator. It identifies the primary trend using a 200-period Simple Moving Average and a 21-period Exponential Moving Average. Trades are entered during pullbacks when the Stochast
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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