This MetaTrader 4 expert advisor collection serves as a structured framework for building automated trading strategies. The included examples demonstrate how to implement indicator-based entries using the iCustom function, such as MACD and Parabolic SAR crossovers. It manages trades with basic risk controls including f
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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 automates trading using a combination of trend-following and mean-reversion indicators. It executes trades based on the crossover of two Exponential Moving Averages, filtered by Relative Strength Index levels and Bollinger Band boundaries. The robot enters a position when an EMA crossov
This MetaTrader 5 expert advisor implements a classic moving average crossover strategy with multi-symbol support. It enters trades when a fast simple moving average crosses a slow simple moving average. The robot features automated risk management, calculating position sizes based on a percentage of the account balanc
This MetaTrader 5 expert advisor collection provides several automated strategies, primarily focusing on the Naive RSI EA. This robot enters trades by comparing Relative Strength Index values against two moving averages, buying when the RSI exceeds both and selling when it drops below both. It manages exits through fix
This repository contains a collection of MetaTrader 4 expert advisors designed for educational purposes. The primary strategy, named Belinda, executes trades based on moving average crossovers using a 10-period and 40-period SMA, filtered by volatility via the Average True Range indicator. The collection features sever
This repository provides a collection of MetaTrader 5 expert advisors centered on mean reversion and statistical regression techniques. The bots utilize indicators such as Bollinger Bands and moving averages to determine trade entries. Each trade is executed with predefined risk controls, including fixed point-based st
This repository contains a collection of MetaTrader 5 expert advisors and utility scripts. It includes a variety of automated strategies such as mean reversion, Dunnigan NRTR, and experiments with artificial intelligence. The library also features utility tools for Telegram integration, search functions, and signal das
This MetaTrader 4 collection provides several scripts designed to analyze price action and candlestick patterns. It includes modules for moving average crossovers, Bollinger Bands, and a specialized candlestick analysis tool. The software identifies specific formations such as hammers, dojis, and engulfing candles by c
This repository provides a collection of MetaTrader 4 utilities and expert advisors focused on technical signaling and market monitoring. The primary EA identifies exponential moving average crossovers, triggering terminal alerts when a fast EMA crosses a slow EMA on the completion of a candle. The collection includes
Parallel System 3 is a MetaTrader 4 expert advisor developed specifically for trading gold. It utilizes a Directional Movement Index (DMI) signal generator with customizable smoothing periods and moving average methods. The trade management logic is based on a layered approach involving multiple trade packs, categorize
This repository contains a collection of MetaTrader 5 expert advisors and sample codes for various trading strategies. The primary EA, Rompimento Pivot, implements a breakout system utilizing a combination of Relative Strength Index, Average True Range, and Bollinger Bands as filters. It features comprehensive risk con
This collection provides a suite of trade management and execution assistants for MetaTrader 4 and MetaTrader 5. Designed to support manual trading, these utilities facilitate automatic position sizing and order placement via on-chart buttons rather than autonomous algorithmic decision-making. The repository includes s
This repository is a comprehensive collection of MetaTrader 5 source code gathered from the MQL5 CodeBase and various technical articles. It serves as an archive of various trading systems, including trend-based impulse strategies, fuzzy logic applications, and standard indicator samples. The collection contains over 5
This MetaTrader 4 expert advisor executes trades based on the crossover of two smoothed moving averages. It monitors direction changes between a fast and slow period to trigger market entries. Risk management is handled through fixed stop loss and take profit parameters, along with a break-even function that secures po
Belinda Sizing is an automated trading robot for MetaTrader 4 that utilizes a dual moving average crossover strategy combined with a volatility filter. It enters trades when a short-period simple moving average crosses a long-period moving average, provided that current volatility measured via the Average True Range is
Falcon EA Template is an automated trading robot for MetaTrader 4 that utilizes dual moving averages and Keltner Channels to determine market entries. The system prioritizes risk management through percentage-based position sizing and various exit strategies. It features fixed and volatility-based stop loss and take pr
This repository contains a collection of expert advisors for the MetaTrader 4 platform. The primary strategy, BearishEngulfing, utilizes price action to identify specific candlestick patterns for executing sell orders. It includes essential risk management parameters such as fixed lot sizing, stop loss, take profit, an
This MetaTrader 5 expert advisor implements a multi-indicator strategy based on momentum and divergence confluence. It utilizes Stochastic, Commodity Channel Index (CCI), Parabolic SAR, and Exponential Moving Averages (EMA) to identify entries, specifically targeting bullish and bearish divergence patterns. Risk manage
KolaTradebot is a MetaTrader 5 expert advisor that executes a multi-asset strategy using Smart Money Concepts and a Global Order Model. It bridges the platform with a Python-based server to analyze market structures like order blocks, fair value gaps, and liquidity sweeps across multiple timeframes. The system includes
This MetaTrader 5 expert advisor implements a multi-timeframe strategy combining M15 trend direction with M5 trade execution. It identifies entries using Smart Money Concepts like break of structure and order blocks, confirmed by MACD, Stochastic, and Parabolic SAR indicators. Risk management is a primary focus, offeri
This repository is a comprehensive backup of trading resources from the defunct fxcodebase community, containing a diverse collection of expert advisors for MetaTrader 4 and 5. The archive serves as a repository for legacy source code, featuring strategies ranging from RSI crossovers to advanced hedging and martingale
Prop Firm Elite EA is a comprehensive trading suite for MetaTrader 5 designed for automated prop firm challenge management. It utilizes Smart Money Concepts, including Break of Structure and Fair Value Gaps, combined with exponential moving averages and RSI filters. The system manages risk through fixed percentage lot
This expert advisor for MetaTrader 4 and 5 executes trades based on crossovers of the 3rd Generation Moving Average indicator. It utilizes two instances of the custom indicator with adjustable periods and sampling settings to identify trend shifts. The robot enters positions when the difference between the fast and slo
An automated trading system for MetaTrader 4 specifically designed for gold (XAUUSD) on the M5 timeframe. It features two core strategies: trend continuation and price pullbacks. The expert advisor utilizes a dual exponential moving average framework for direction and ATR for volatility filtering. Risk management is ha
IchiDCA CCBSN PropFirm EA is an automated trend-following robot for MetaTrader 5, optimized for gold and forex markets. It triggers trades based on Ichimoku Cloud breaks, filtered by dual Exponential Moving Averages and MACD indicators. The strategy manages positions through a Dollar Cost Averaging system that layers u
AutoTrade EA is a scalping robot for MetaTrader 4 and 5 that utilizes a multi-indicator signal scoring system based on Exponential Moving Average crossovers and RSI levels. It employs an aggressive trade management strategy featuring a dynamic grid and a stepped martingale lot scaling system where position sizes increa
Sentinel EA is a trend-following scalping robot developed for MetaTrader 5, specifically optimized for trading Gold (XAU/USD) on the one-minute timeframe. The strategy utilizes a fast and slow Exponential Moving Average crossover to identify trade entries. It features mandatory risk controls including fixed stop loss a
This repository is a collection of educational Expert Advisors for MetaTrader 5, structured as a learning roadmap. It contains several standalone trading scripts, including a multi-symbol basket trader called Profit Twins, which enters buy positions on two different pairs and exits based on a combined profit percentage
This MetaTrader 4 collection contains various expert advisors, including a primary strategy based on EMA 50/200 crossovers and RSI filtering. The main EA manages entries through trend confirmation and provides risk controls such as stop loss, take profit, and trailing stops. It includes features for breakeven activatio
This automated expert advisor for MetaTrader 5 focuses on short-term technical trading using a combination of trend and momentum indicators. It triggers entries based on RSI levels, Exponential Moving Average crossovers, and Bollinger Band deviations. Risk is managed through dynamic lot sizing and ATR-based stop loss a
Edelweiss EA is an educational trading robot for MetaTrader 4 that utilizes a multi-indicator framework to generate buy and sell signals. It combines exponential moving averages, stochastic oscillators, the awesome oscillator, ADX, and Bollinger Bands to identify market entries. Trade management includes dynamic ATR-ba
This MetaTrader 5 robot employs a dual-strategy approach, switching between trend-following moving average crossovers and RSI-based mean-reversion depending on detected market regimes. It features an integrated walk-forward optimization system that loads optimized parameters from external files to adapt to changing vol
RemedyBot is a collection of Expert Advisors for MetaTrader 5 focused on technical indicator strategies. The primary files utilize the MQL5 standard library classes to combine trend-following signals, such as Moving Average crossovers, with volatility-based exits like the Parabolic SAR trailing stop. The project includ
This MetaTrader 5 expert advisor utilizes a trend-following strategy based on two moving averages and the Average Directional Index (ADX). It enters trades when a short-term moving average crosses a long-term average, provided the ADX indicates sufficient trend strength. Specifically optimized for the Brazilian mini-in
Adaptive AI Scalper is a modular MetaTrader 5 robot designed for high-frequency scalping. It identifies trade entries using a weighted scoring system that evaluates signals from RSI, Moving Averages, and Bollinger Bands. The EA manages risk through automated lot sizing, ATR-based stop loss and take profit levels, trail
This MetaTrader 5 repository provides a diverse collection of automated trading systems, including tools for supply and demand, news fetching, and price action strategies. The primary expert advisor utilizes moving average crossovers and momentum filters to identify market pullbacks. It incorporates trade management fe
This repository provides a diverse collection of MetaTrader 5 expert advisors and utility scripts for automated trading. The primary logic focuses on managing pending orders through dynamic distance adjustments, time-scheduled trade execution, and sophisticated trailing stops that operate via price ticks or millisecond
Falcon D is a MetaTrader 4 expert advisor designed for the H1 timeframe, focusing on price retracement entries filtered by technical indicators. It opens positions when price deviates significantly from the daily start point in opposition to the established trend. The system incorporates filters including a long-period
OCC Strategy MetaTrader is a technical trading robot for MetaTrader 5 that implements a crossover strategy based on a custom double-smoothed indicator. The EA identifies market entries by comparing fast and slow signal buffers to trigger buy or sell orders. It operates on a new bar basis and includes basic trade manage
This MetaTrader 5 expert advisor serves as an educational repository for various automated trading strategies and capital management techniques. It features a modular architecture allowing users to toggle between multiple entry algorithms, including EMA crossovers, MACD zero-crossings, and a combination of ADX and Boll
This repository contains a collection of educational Expert Advisors developed as solutions for an MQL5 programming course. The provided examples demonstrate fundamental automated trading concepts on the MetaTrader 5 platform, specifically focusing on Exponential Moving Average crossover logic and MACD data processing.
This MetaTrader 4 repository features a collection of expert advisors, including a dual moving average retracement strategy and a Morning Star candlestick pattern robot. The primary moving average EA identifies trends using fast and slow Simple Moving Averages, entering trades when price retraces to the short-term aver
This Expert Advisor for MetaTrader 4 executes trades based on the confluence of Relative Strength Index levels and Moving Average crossovers. It enters long positions when the RSI is oversold and a fast exponential moving average crosses above a slow one, and short positions when the RSI is overbought during a downward
This collection for MetaTrader 4 features several expert advisors, primarily centered on the Candlestick Breakout Scalper. The lead tool monitors price action relative to previous candle highs and lows to identify breakout opportunities. It incorporates stochastic filters to confirm entries and supports specific tradin
This repository contains a collection of over 70 Expert Advisors developed for the MetaTrader 4 platform. The primary file, NNA_Expert, utilizes DLL imports and shell execution to exchange data via CSV files, suggesting integration with external prediction engines or neural networks. Other included experts focus on Fib
This collection provides several MetaTrader 5 expert advisors and utility scripts developed for educational purposes. The primary advisor combines moving average crossovers with Relative Strength Index filters to identify entry points. It features standard risk management controls including fixed lot sizing, hard stop
This MetaTrader 5 expert advisor executes trades based on the Ichimoku Kinko Hyo system, specifically targeting cloud breakouts. It incorporates several technical filters including Average True Range for volatility and Average Directional Index for trend strength to refine entries. Risk management is handled through pe
This MetaTrader 5 repository provides a collection of expert advisors developed primarily for educational purposes and MQL5 language study. The included robots utilize trend-following logic based on multiple moving average crossovers, featuring variations with up to four different indicator periods. Traders can configu
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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