This MetaTrader 4 collection includes an automated trading expert advisor, an account protection tool, and an equity data uploader. Developed as a university final year project, the main expert advisor uses the Relative Strength Index for entry and exit signals. It features extensive risk management parameters, includi
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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
Trading robot 128Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 5Collection 88Utility 2
Strategy
This expert advisor for MetaTrader 4 executes trades based on the Rank Correlation Index (RCI) indicator. It utilizes three distinct calculation periods—short, medium, and long—to identify market entries. The robot manages risk through configurable limit and stop loss offset parameters, allowing for specific exit point
This repository provides a collection of MetaTrader 5 expert advisors designed for various technical strategies. The scripts utilize multiple moving averages ranging from 7 to 200 periods and the Money Flow Index to identify trend and momentum market conditions. The collection includes specific modules for mean-reversi
This MetaTrader 4 expert advisor automates trading based on liquidity and market structure concepts. It identifies price action landmarks like higher highs, higher lows, lower lows, and lower highs to determine current trend or ranging states. The robot executes trades with distinct stop loss and take profit settings f
This MetaTrader 4 expert advisor automates a trend reversal strategy based on price action patterns and technical indicator filters. It identifies potential entry points using ZigZag, MBFX, and SMA indicators, specifically targeting reversals or pinbars at key support and resistance levels. The software includes a mult
This expert advisor for MetaTrader 4 trades based on the distance between the current price and an Exponential Moving Average. It monitors the market to identify when price has stayed on one side of the moving average for a specific number of consecutive candles. A trade is executed when the deviation in points reaches
This MetaTrader 5 expert advisor implements an automated trading strategy based on Heikin Ashi candle patterns and the Relative Strength Index. It utilizes custom indicator handles to monitor trend direction and detect potential bullish divergence. The EA includes internal logic for percentage-based risk management, al
This MetaTrader 5 expert advisor implements a linear gradient trading strategy, which typically involves layering orders or partial exits at fixed point intervals. It utilizes Bollinger Bands as a primary technical indicator for entry signals and supports buy-only, sell-only, or bidirectional trading modes. The robot i
This MetaTrader 4 expert advisor uses Relative Strength Index (RSI) levels to identify overbought and oversold conditions for trade entries. It features a layering mechanism that opens additional positions at fixed intervals defined by a pip-step parameter. The robot manages risk with hard stop loss and take profit lev
Hunt Level EA is a MetaTrader 5 expert advisor that identifies trading opportunities based on price action candle formations and swing level analysis. The robot specifically searches for hunted swing points by evaluating candle shadow lengths relative to body size and checking historical price swings. It incorporates a
This expert advisor for MetaTrader 5 identifies entry points using a combination of the Relative Strength Index and a Moving Average. The strategy monitors an upper RSI level and a specific Moving Average period across user-defined timeframes to determine trend or reversal signals. For risk management, the robot utiliz
This MetaTrader 5 expert advisor executes trades based on technical indicators, specifically moving average crossovers and the Relative Strength Index (RSI/IFR). It offers three operating modes: entries triggered by moving average crosses, entries based on RSI overbought or oversold levels, or a combined approach requi
This expert advisor for MetaTrader 4 executes trades based on the confluence of Bollinger Bands and the Relative Strength Index (RSI). It analyzes price volatility and momentum to identify entries, allowing users to configure indicator periods and specific RSI thresholds. The EA features session management to restrict
This MetaTrader 4 expert advisor automates a trend reversal strategy based on price action patterns and technical indicators like ZigZag, MBFX, and Moving Averages. It features a dashboard to monitor multiple pairs, identifying setups such as pin bars and trendline breaks near support and resistance levels. Trade manag
This repository contains a collection of MetaTrader 5 expert advisors focusing on technical analysis and candlestick price action. The scripts explore various entry methods, including Bollinger Bands with RSI for counter-trend setups and 'Big Shadow' engulfing patterns. The logic calculates specific candle metrics, suc
The Rsi MM is an automated trading tool for MetaTrader 4 that combines Relative Strength Index oscillators with a Moving Average trend filter. The system identifies potential market entries when RSI reaches overbought or oversold thresholds, using the Moving Average to confirm the broader trend direction. It features b
This MetaTrader 5 expert advisor utilizes a combination of Envelopes, the Gator Oscillator, and Standard Deviation indicators to execute trades. It features comprehensive trade management including stop loss, take profit, and break-even functionality. The robot allows for position scaling through adding or reducing lot
Trading Algo Builder is a MetaTrader 4 expert advisor designed to help traders construct automated strategies without manual coding. It features a modular system where users can combine up to four different indicator signals, supporting both built-in MetaTrader indicators and custom external files. Signal logic include
This MetaTrader 5 expert advisor automates trading strategies based on the Know Sure Thing (KST) momentum oscillator. It calculates weighted Rate of Change values across multiple internal periods, smoothed by simple moving averages, to identify trend reversals and overbought or oversold conditions. The robot offers sev
Strawberry Strategy Tester is a MetaTrader 4 expert advisor designed for automated trading and strategy evaluation. It implements Bollinger Band-based entry logic and offers multiple lot sizing methods, including fixed lots, addition, and multiplication. The use of lot multiplication suggests the expert advisor utilize
MQL Basics Collection is an educational repository for MetaTrader 5, providing a wide array of scripts and expert advisors designed to teach the fundamentals of MQL5 programming. It includes over fifty files covering essential operations such as opening and closing positions, retrieving account information, and integra
This repository contains a diverse collection of MetaTrader 5 expert advisors and technical utilities. It features a three-dimensional correlation matrix visualizer for analyzing price relationships across multiple currency pairs simultaneously. The collection includes various automated trading robots based on technica
Fantastic Garbanzo is an automated trading robot for MetaTrader 5 that utilizes the Relative Strength Index (RSI) to identify entry points. It operates by monitoring RSI levels against user-defined upper and lower boundaries, typically used for mean-reversion strategies. Risk management is handled through fixed lot siz
This repository contains a collection of MetaTrader 5 expert advisors developed for strategy experimentation and technical analysis. The robots utilize various technical indicators, including Moving Averages, MACD, Parabolic SAR, and RSI for trade entries. Risk management is handled through configurable stop loss and t
Bear Treading is a MetaTrader 5 robot developed using the MQL5 standard library expert classes. It primarily executes trades based on Relative Strength Index (RSI) signals, incorporating Moving Average parameters for trend identification. The system employs traditional risk controls, including hard stop loss and take p
This MetaTrader 5 expert advisor executes trades based on price interactions with Bollinger Bands. It identifies specific crossover events, such as price moving above the upper band or below the lower band, to trigger trade logic. The system monitors candle closes relative to these volatility bands and tracks individua
This repository provides a collection of MetaTrader 4 and MetaTrader 5 tools, centered around a local trade copying system. The primary expert advisors allow users to publish and subscribe to trade signals between terminal instances using file-based communication. The copier supports lot sizing via ratios or fixed valu
This expert advisor for MetaTrader 4 is a multi-strategy robot focused on the recovery zone management technique. It offers a wide array of entry signals, including RSI, MACD, Bollinger Bands, and mean-reversion models. When initial trades move into a loss, the system employs an averaging recovery strategy with lot mul
This repository contains a collection of MetaTrader 5 Expert Advisors and graphical tools. It includes several technical strategy robots based on Relative Strength Index crossovers, Bollinger Bands, and Moving Averages. Additionally, it features advanced 3D visualization utilities such as a correlation matrix and a mat
This repository is a collection of several MetaTrader 4 expert advisors, including robots based on RSI and MACD crossovers, engulfing patterns, and pending order strategies. The primary code provided utilizes a combination of the Relative Strength Index (RSI) for overbought and oversold detection and Moving Average Con
This MetaTrader 4 expert advisor implements a strategy combining trend-following moving averages with the Relative Strength Index for entry timing. The robot initiates buy orders when a fast moving average sits above a slow moving average, provided the RSI reflects an oversold state and price action confirms the moment
Aiden is a MetaTrader 5 expert advisor that utilizes a multi-indicator weighting system to determine market entries. It calculates trade signals by aggregating 'chances' from several technical indicators including ZigZag, Stochastic, Moving Average crossovers, Parabolic SAR, RSI, MACD, and Momentum. The EA manages risk
This MetaTrader 4 expert advisor implements a counter-trend strategy based on RSI trendline breakouts and price prediction indicators. It enters trades when the RSI breaks out of support or resistance lines and manages positions using a grid-based approach. The system layers limit and stop orders at fixed intervals, em
This repository is a collection of MetaTrader 4 expert advisors that focus on technical indicator signals. The primary EA combines four Moving Averages with Bollinger Bands to detect trend alignment and volatility conditions. It features dual-level stop loss and take profit settings, along with filters for Bollinger Ba
Auto Zone Trader is a MetaTrader 4 expert advisor that automates trade execution based on manually identified price zones and technical candlestick patterns. Users specify potential reversal areas by placing horizontal lines labeled for buy or sell zones on the chart. The robot monitors these levels and triggers an ord
Arbitrage Expert is a MetaTrader 4 expert advisor that focuses on a zone recovery hedging strategy rather than traditional arbitrage. Based on the OGT Zone Recovery system, it manages trades by opening counter-positions within a defined price zone when an initial trade goes into drawdown. The system employs a lot multi
This MetaTrader 5 robot executes trades based on the percentile rank of recent price ranges. It incorporates the Average Directional Index as a trend filter to ensure entries occur during specific market conditions. Risk management is handled through automated lot sizing based on a risk percentage and a maximum monetar
Wise Chaos Crypto is an automated trading robot for MetaTrader 4 designed primarily for cryptocurrency markets. It utilizes elements of Bill Williams' Chaos theory, specifically the Alligator indicator and Fractals, to identify entries and manage exits. The system scans a user-defined number of bars for divergent price
This MetaTrader 4 expert advisor automates binary options trading for the Intrade.bar broker. It functions as a signal generator and bridge, utilizing a dual Bollinger Band strategy to identify entry points. The EA communicates with an external C++ console application via a named pipe to execute trades through a REST A
This MetaTrader 4 expert advisor implements a trading strategy centered on the Money Flow Index (MFI) indicator. It opens buy positions when the MFI crosses below a user-defined threshold and sell positions when it crosses above a threshold. To manage losing trades, the EA employs a martingale-style lot scaling mechani
This expert advisor for MetaTrader 4 executes trades based on the Relative Strength Index indicator. It enters long positions when the RSI period 14 crosses below the 30 level and short positions when it rises above 70. The robot maintains a simple logic of managing a single trade at a time with a fixed volume of 0.10
Inside Bar Momentum is a MetaTrader 4 expert advisor that identifies and trades candlestick breakout patterns. The robot scans for inside bar formations, where a candle is completely contained within the previous candle's price range. It uses a stochastic oscillator to filter momentum, requiring specific overbought or
This MetaTrader 4 expert advisor implements a mean-reversion strategy using the Relative Strength Index. It monitors for overbought conditions above 70 and oversold conditions below 30 to trigger trade entries. When a signal occurs, the EA clears existing pending orders of the opposite type and places a batch of thirty
This MetaTrader 5 expert advisor implements a trading strategy based on the Volume Price Change oscillator. Developed as a module for the EA31337 framework, it supports simultaneous operation across multiple timeframes using a bitmask input. The EA focuses on the relationship between price movement and volume to identi
This MetaTrader 5 repository provides a collection of Expert Advisors based on the educational material from Andrew Young. It includes several distinct strategies such as RSI and Bollinger Band counter-trend systems, moving average crossovers, and breakout trading with pending orders. Each EA includes standard risk man
HiLo Pro is a MetaTrader 5 robot that identifies trades using a combination of the HiLo Activator and the Relative Strength Index. It executes long or short positions based on trend direction and momentum filters for overbought or oversold conditions. The EA includes intraday time management, allowing users to define s
Dollar Killer Martingale is an automated trading robot for MetaTrader 5 that utilizes Bollinger Bands to identify market entry points. The EA initiates trades based on price interaction with band boundaries and manages drawdowns through a lot-multiplication recovery system. It features a grid-based approach where addit
This repository provides a collection of Expert Advisors for MetaTrader 5, primarily focused on technical indicator strategies and algorithmic trading examples. The main file utilizes a Moving Average signal combined with a Parabolic SAR trailing stop for automated trade management. It includes a lot-sizing module that
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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