This MetaTrader 4 expert advisor automates trading using an exponential moving average crossover strategy, specifically targeting the AUD/NZD currency pair. It filters entries using ADX for trend strength and ATR for volatility, ensuring trades occur under specific market conditions. Risk management is handled through
Synced with GitHub · updated today
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
ÆEA is an automated trading robot for MetaTrader 4 that employs an ensemble of technical indicators to identify market imbalances. The strategy, described by the author as the Proportionality Principle, triggers trades when a specific ratio of bullish to bearish indicator signals is met. It calculates inputs from a wid
This MetaTrader 4 expert advisor implements a grid-based trading approach by opening buy and sell positions based on price distance. The system evaluates current market orders and places new trades only when the price moves a specific distance, defined by the step parameters, from existing entries. Users can independen
Hosopi3 Tanpoji is a single-position trading robot for MetaTrader 4 and MetaTrader 5, specifically developed to avoid martingale and averaging techniques. It triggers entries using various built-in technical indicators such as Moving Averages, RSI, Bollinger Bands, and Stochastics, or through external custom indicator
This expert advisor for MetaTrader 4 automates trade execution based on user-defined price levels. It places pending sell orders at a specific entry price and monitors market movement to trigger positions. The logic includes an automated exit routine that closes trades when the price returns to the initial entry level.
Gotobi Basic EA is a trading robot for MetaTrader 4 and MetaTrader 5 designed to exploit the Japanese Gotobi anomaly. It targets days divisible by five, when demand for the US Dollar typically increases among Japanese firms for settlement. The EA enters a long position at the market open, closes it at the 9:55 AM Nakan
Hosopi 2 is an automated trading robot for MetaTrader 4 and 5 that utilizes a mean-reversion strategy based on Bollinger Bands. The system enters counter-trend trades when price hits the bands and manages positions using a Nanpin martingale approach, layering orders at intervals to average down. Risk controls include t
This MetaTrader 4 expert advisor automates trading based on Gann Fan theory by identifying trend angles from recent swing highs and lows. It enters the market using buy and sell stop orders placed at specific distances from detected Gann lines. The robot includes risk management features such as fixed stop loss, take p
This MetaTrader 4 expert advisor combines the Relative Strength Index, Moving Average, and Average Directional Index to identify trend-following entries. The strategy executes trades when price positioning relative to the moving average aligns with RSI exhaustion levels and ADX trend strength. It includes built-in risk
This rule-based automated trading system for MetaTrader 4 utilizes several modular logic components to identify market entries and exits. It includes integrated modules for MACD, Moving Averages, and proprietary CyberiaLogic and MoneyTrain algorithms. The EA provides flexible risk controls including automated lot sizin
This expert advisor for MetaTrader 4 and 5 executes trades based on price interaction with a Simple Moving Average. It monitors market positions on the H1 timeframe, entering buy or sell orders with predefined stop loss and take profit levels. The package includes an external Python script that works with a CSV log to
Pathfinder 2025 is a breakout expert advisor for MetaTrader 4 that manages dynamic Buy Stop and Sell Stop orders relative to the current market price. It continuously updates pending orders based on price movement thresholds and time intervals to capture volatility. Trade entries are filtered by candlestick body size t
This MetaTrader 4 expert advisor executes trades based on a specific price level and provides real-time monitoring via Telegram. The EA sets a trade at a user-defined entry price for a specific symbol, such as indices or forex pairs. It features automated entry when the price reaches the target level and closes the pos
This MetaTrader 4 expert advisor implements a classic Ichimoku Kinko Hyo strategy, primarily optimized for the Nasdaq 100. It enters trades based on price breakouts through the Kumo cloud, SMA 50, and EMA 200, with additional confirmation from the Chikou Span and higher timeframe H4 Kijun levels. The robot handles trad
This MetaTrader expert advisor implements a grid-based buying strategy specifically designed for USDJPY. It places buy orders at fixed pip intervals below a specified base price, accumulating positions as the market moves lower. The robot manages a basket of trades and exits all positions simultaneously once the combin
This MetaTrader 4 expert advisor executes a dual-direction grid trading strategy driven by technical analysis. It enters trades based on an Exponential Moving Average crossover logic using three distinct periods. The system employs a customizable martingale sequence where lot sizes increase after a user-defined number
Scalping Master is an automated trading robot for MetaTrader 4 designed for short-term execution. It utilizes a technical strategy based on Exponential Moving Average crossovers combined with Relative Strength Index levels. The expert advisor features a dedicated quick scalping mode with tight targets and automated tra
This MetaTrader 4 expert advisor executes and manages trades using a specialized hedging strategy. It monitors account equity and floating losses, automatically opening hedge positions when a user-defined loss percentage is reached. The system includes robust risk management features such as daily and weekly loss limit
Adaptive Forex AI Trader is a MetaTrader 4 expert advisor designed for automated trading across various currency pairs and gold. It incorporates machine learning, candlestick pattern recognition, and multi-timeframe analysis to generate trade signals. Risk is controlled through stop loss and take profit levels, a trail
This expert advisor integrates MetaTrader 4 and 5 with external deep learning models using socket communication. It captures chart screenshots and price data to send to an external server, where models like Random Forest or Generative Adversarial Imitation Learning process the visual information. The EA then receives a
Barekat Expert is a MetaTrader 4 robot that executes trades based on a combination of technical indicators. It utilizes two ZigZag indicators for price action analysis, a Simple Moving Average for trend filtering, and the Relative Strength Index and Stochastic oscillators for momentum confirmation. The system manages e
This MetaTrader 4 expert advisor is an educational tool designed as part of a YouTube tutorial series. It executes a trend-following strategy by combining moving average crossovers with the Aroon indicator for trend confirmation. The EA opens positions when price conditions align across both indicators and manages exit
This MetaTrader 4 expert advisor executes trades based on candle momentum and specific trigger factors. It manages positions using virtual trailing stop-loss and take-profit levels, alongside a global profit target that halts trading once a predefined financial goal is met. The system includes logic for multi-symbol tr
This expert advisor for MetaTrader 4 and 5 implements a moving average crossover strategy specifically designed for Gold on the 15-minute timeframe. It initiates trades when a fast simple moving average crosses a slow simple moving average, provided the price has moved a specified distance beyond the crossover point. T
GenX Silver is an automated trading robot for MetaTrader 4 that executes trades based on specific time-based liquidity windows. It targets the London open and two separate New York sessions, aligning with Silver Bullet strategy concepts. The expert advisor allows users to define trading volumes and utilizes a fixed ris
This MetaTrader 4 expert advisor implements a price action strategy focused on identifying pin bar formations. It screens for candles where the tail is at least three times the length of the body and touches an 8-period simple moving average. The EA utilizes a trend filter by calculating the slope of the moving average
This MetaTrader 4 expert advisor is designed for XAUUSD trading using a combination of technical indicators and price action. It enters trades based on several toggleable strategies, including Moving Average crossovers, MACD, Support/Resistance levels, and Bullish/Bearish Engulfing patterns. The EA manages risk through
Fibonacci EA is a MetaTrader 4 expert advisor that executes trades based on technical indicators. Despite the name, the provided implementation focuses on a moving average crossover strategy involving a 30-period and 50-period simple moving average. The robot enters a sell position when the shorter-period average cross
This MetaTrader 4 expert advisor implements a trend-following strategy based on the alignment of Simple Moving Averages. It utilizes a fast period of 30 and a medium period of 50 to determine entry signals, with logic for a third slow moving average present but partially commented out. The robot executes trades with fi
This MetaTrader 4 expert advisor executes trades based on the Relative Strength Index (RSI) indicator. It monitors price momentum to identify potential entry points when the RSI value interacts with user-defined overbought and oversold levels. The EA includes basic risk management with hardcoded stop loss and take prof
Ubot is an automated trading robot for MetaTrader 4 that utilizes technical analysis to execute market orders. It incorporates specific strategy patterns such as Sharkfin and Squeeze logic, likely based on the included Traders Dynamic Index library. The EA features comprehensive trade management including trailing prof
This MetaTrader 4 expert advisor is designed specifically for trading Gold (XAUUSD) on the H4 timeframe. It employs a combination of technical indicators, including the Relative Strength Index (RSI), Stochastic Oscillator, and Ichimoku Kinko Hyo. The strategy monitors overbought and oversold levels while using the Ichi
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
This MetaTrader 4 expert advisor implements a moving average crossover strategy for automated trading. It identifies entry points when price or technical indicators intersect and can exit positions when an opposite signal occurs. The EA provides trade management features, including traditional and virtual stop loss and
Khai Nui HFT is a trend-based trading robot for MetaTrader 4 that enters positions using Moving Average analysis. Users can configure the expert advisor to follow the prevailing trend or execute counter-trend trades by adjusting the trend toggle. It manages risk through fixed stop loss points and a trailing stop mechan
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
Santos HFT is an automated trading robot for MetaTrader 4 designed for high-frequency execution based on bid-ratio imbalances. The system analyzes price dynamics across multiple timeframes, specifically looking for percentage-based triggers on M1 through H4 intervals to identify entry points. It includes support for a
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
Forex MT4 Perfect is an automated trading expert advisor for MetaTrader 4 that utilizes a suite of technical indicators to execute and manage positions. The system integrates Cap Channel, Envelopes, and MACD indicators to identify market entries and exit signals. It features diverse position sizing methods, including f
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
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
TradeExpert is a multi-functional expert advisor for MetaTrader 4 that combines technical indicator analysis with external data integration. It executes trades using market or limit orders across a wide range of forex pairs and cryptocurrencies. The system features a built-in news filter to manage volatility during eco
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
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.
Run EAs with a broker that supports MT4 and MT5
Compare regulated brokers by platform, spreads, minimum deposit and leverage.
Compare brokers