This Expert Advisor for MetaTrader 5 implements a breakout strategy centered on a user-defined time range. It calculates the high and low prices within a specific session to place multiple pending orders at a set distance from the range boundaries. The system utilizes three separate take-profit targets for each directi
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Expert Advisor Library
1,978 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Strategy
This expert advisor for MetaTrader 5 combines moving average crossovers with Relative Strength Index (RSI) levels to identify entry points. It initiates buy orders when the RSI indicates oversold conditions and a fast exponential moving average crosses above a slow exponential moving average. Conversely, it opens sell
This MetaTrader 5 expert advisor executes a mean reversion strategy based on price deviation from a Simple Moving Average. It enters short positions when prices rise above the average and long positions when prices fall below. The algorithm utilizes an aggressive grid-based recovery system where both the entry distance
SrB MM Robot is a MetaTrader 5 expert advisor that automates the Highs and Lows trading strategy on the Brazilian Bovespa mini index. The logic focuses on market volatility rather than trend direction, executing trades based on the price extremes of preceding candles. It enters positions at the low of the previous bar
This MetaTrader 5 expert advisor provides a framework for testing and executing indicator-based strategies, specifically those aligned with the No Nonsense Forex methodology. It allows users to define a baseline and a secondary confirmation indicator through external inputs. Trade management includes automated ATR-base
Opening Reversal MT5 is an automated trading system for MetaTrader 5 that executes trades based on price action relative to the previous day's opening level. The strategy monitors candle sentiment and triggers orders when the current price breaks through the prior day's opening price in the opposite direction of the pr
This MetaTrader 5 repository contains a collection of expert advisors based on moving average crossover logic. The primary systems utilize fast and slow moving average indicators to identify trend shifts and execute automated trades. Risk management is handled through user-defined stop loss and take profit levels, alon
This MetaTrader 5 repository provides a collection of scripts for external data communication and automated trading. It features a ZeroMQ-based bridge that utilizes TCP sockets to connect the trading platform with external environments. The system allows users to stream real-time tick data, OHLC bar rates, and custom k
This MetaTrader 5 expert advisor functions as a communication bridge between the trading platform and external applications. Developed to interface with the Backtrader Python framework, it utilizes ZeroMQ sockets and JSON-formatted messaging to facilitate cross-language trading. The tool enables remote command executio
This Expert Advisor for MetaTrader 5 automates a pure price-action strategy primarily designed for gold on the five-minute timeframe. It identifies market trends using swing point structures like higher highs and lower lows without lagging indicators. The EA creates supply and demand zones from engulfing candle pattern
Snipe FX Pro is a MetaTrader 5 expert advisor designed for high-frequency tick scalping, primarily pre-configured for XAUUSD. It utilizes a virtual stealth execution system to manage entries and exits without placing hard stops on the broker's server until necessary. The EA enters trades based on price breakouts or pul
This expert advisor for MetaTrader 5 implements a pure price action strategy focused on Gold (XAUUSD) on the five-minute timeframe. It identifies market trends through swing-point structure analysis and marks supply and demand zones based on engulfing candlestick patterns. Trades are triggered only when price retests a
This MetaTrader 5 expert advisor executes a breakout strategy based on specific three-day candlestick patterns. It identifies sequences of 'Up' or 'Down' days to trigger pending orders above or below the previous day's range. The EA manages entries using Buy Stop and Sell Stop orders with a configurable liquidity dista
HLT is an automated trading robot for MetaTrader 5 that focuses on market structure and swing analysis across multiple timeframes from M1 to H4. The expert advisor synchronizes with New York time and identifies setups based on price swings and daily trading plans. It includes a fixed risk money management module and sp
This repository is a large collection of over 2,400 MetaTrader 4 and 5 files, including expert advisors, utilities, and indicators. It includes a trade copier client that synchronizes positions via socket libraries. The systems manage trades through sophisticated risk controls like equity-based trailing stops, cycle-pe
This MetaTrader 5 expert advisor focuses on XAUUSD using a multi-timeframe scalping approach based on Smart Money Concepts. It identifies institutional market structures by analyzing H4 trends, H1 supply and demand zones, and M5 entries. The logic incorporates order block detection, Fair Value Gaps (FVG), and liquidity
MarketSync EA is an experimental MetaTrader 5 expert advisor designed to bridge algorithmic trading with external artificial intelligence. It functions by streaming real-time market and account data from the MT5 terminal to a local Node.js backend via HTTP requests. The external server processes this information using
This expert advisor is designed for automated gold trading on the MetaTrader 5 platform, specifically targeting the 5-minute timeframe. It employs a scalping strategy with integrated filters for spread and volatility to qualify entries. The system includes various risk controls such as drawdown gates, weekly trading li
Enamel is a trend-pullback expert advisor for MetaTrader 5 specifically configured for USD currency pairs. The robot identifies entries using a combination of exponential moving averages, RSI, MACD, and ADX indicators, requiring confirmation from candle body size relative to volatility. It includes a higher timeframe t
This MetaTrader 5 expert advisor implements Smart Money Concepts and the ICT Silver Bullet strategy, specifically optimized for XAUUSD. It executes trades on the M15 timeframe after confirming trend alignment on H4, H1, and M30 charts using exponential moving averages. The robot evaluates trade setups based on fair val
This MetaTrader 5 expert advisor streams real-time price updates for selected symbols to an external server via WebSockets. It monitors a predefined list of assets from the Market Watch window and broadcasts ticker data using JSON serialization. The tool implements high-frequency monitoring through a millisecond timer
This collection provides MetaTrader 5 Expert Advisors sourced from MQL5 programming documentation. The primary tool, Unity Martingale, implements a multi-currency reversal strategy using breakout or pullback signals. It employs a martingale lot-scaling system that increases positions after losses based on a user-define
This MetaTrader 5 expert advisor uses complex mathematical modeling to predict future price movements through a combination of sinusoidal analysis, Fast Fourier Transform, and Monte Carlo simulations. It evaluates cyclical trends, fractal structures, and non-linear volatility via sigmoidal functions to generate buy and
This MetaTrader 5 expert advisor implements a trend-following strategy based on the SuperTrend indicator. Built using the EA31337 framework, it supports multi-timeframe analysis through a configurable bitmask parameter. The EA enters trades based on indicator signal reversals and manages operations across various chart
This MetaTrader 5 expert advisor provides a versatile framework for trading based on Heiken Ashi price action. It allows users to toggle between numerous built-in strategies, including trend following, moving average crossovers, Fibonacci levels, and various oscillators like RSI and MACD. The system includes an option
This repository provides a collection of MetaTrader 5 expert advisors based on Smart Money Concepts and ICT methodologies. The tools implement price action strategies including Fair Value Gaps, Market Structure Shifts, and the Next Day Model. Each EA handles trade execution with automated risk-based lot sizing and conf
This grid trading robot for MetaTrader 5 automates the placement of multiple limit orders within a user-defined price range. It populates the market with a configurable number of buy and sell limit orders between specified high and low boundaries. The expert advisor includes risk management features such as individual
This library and example Expert Advisor provide an MQTT client interface for MetaTrader 5. It enables the platform to communicate with external MQTT brokers using version 3.1 or 3.1.1 protocols. The system supports both encrypted TLS and standard TCP/IP connections. Users can publish messages to specific topics and sub
This MetaTrader 5 expert advisor provides a basic implementation of the Martingale strategy for forex markets. It initiates trades using a base lot size and applies a multiplier after losses to recoup previous deficits, utilizing fixed stop loss and take profit levels for exit management. The logic is extremely minimal
This MetaTrader 5 expert advisor automates trading decisions by combining moving average crossovers with volume and momentum filters. It enters buy positions when a fast moving average crosses above a slow one, provided volume is increasing and the Relative Strength Index indicates the market is not overbought. For ris
This MetaTrader 5 expert advisor utilizes a multicurrency strength system to identify trading opportunities by comparing relative currency values. It calculates strength based on a configurable lookback period, typically using H4 data, and includes triangular weighting and smoothing options. The robot manages exits usi
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
This collection for MetaTrader 5 provides several expert advisors based on classic technical indicator strategies. The primary algorithms utilize Triple and Double Moving Average crossovers filtered by ADX values to confirm trend strength before entry. A secondary strategy uses RSI-filtered engulfing candle patterns. R
This MetaTrader 5 expert advisor facilitates automated trading by connecting to an external Python-based reinforcement learning model. It uses socket communication to send price data to a neural network trained with the actor-critic method via TensorFlow and tf-agents. The robot is primarily designed for day trading in
Renko 2.0 Offline is a MetaTrader 5 utility designed to generate and manage Renko charts from standard price data. Instead of time-based intervals, it creates price-based bricks according to user-defined sizes in ticks, pips, or points. The expert advisor includes options for asymmetric reversals, market book monitorin
This MetaTrader 5 expert advisor functions as a foundational template for automated trading, primarily implementing a moving average crossover strategy. The software includes comprehensive trade management features such as fixed stop loss and take profit targets defined in ticks, a trailing stop mechanism, and break-ev
The Line of Division is a MetaTrader 5 expert advisor that identifies trading opportunities based on price frequency and level touches. The strategy monitors how many times a specific price is traded across various candles, entering buy or sell positions once a touch threshold is reached and the price deviates from tha
This MetaTrader 5 expert advisor automates trading based on the Japanese Ichimoku Kinko Kyo system. It identifies market trends and generates buy or sell orders using the Tenkan-sen, Kijun-sen, and Senkou Span components. The robot includes built-in risk controls such as fixed stop loss and take profit levels, and it a
This repository provides a collection of four Expert Advisors for MetaTrader 5, developed using the MQL5 standard library framework. These robots focus on trend-following and momentum strategies using indicators like Moving Averages, MACD, and the MESA Adaptive Moving Average. Notable features include a Parabolic SAR t
This MetaTrader 5 expert advisor executes trades based on opening range breakout logic. The system identifies a price range over a specific duration and enters positions when the market breaks through these levels. It supports multiple entry methods including market orders on candle close, resting stop orders, or limit
HCPropsController is a comprehensive management utility for MetaTrader 5 designed to safeguard prop firm accounts and facilitate local trade replication. It functions in Master, Slave, or standalone Risk Manager modes. The EA enforces various risk controls, such as daily profit and loss limits, maximum trade counts, an
This MetaTrader 5 expert advisor provides a comprehensive framework for training and deploying deep learning models natively within the MQL5 environment. It bypasses external dependencies by implementing Multilayer Perceptron, Recurrent Neural Network, and Long Short-Term Memory architectures directly in the platform.
This repository contains an extensive library of MetaTrader 5 expert advisors covering various algorithmic trading methodologies. The collection includes strategies based on Bollinger Bands, Relative Strength Index, moving average ribbons, and swing failure patterns. A core focus is the Ighodalo series for gold and CFD
This collection of Expert Advisors for MetaTrader 5 provides specific automated strategies for Gold, Bitcoin, EURUSD, and Nasdaq. The repository includes modules for ATR breakouts, Bollinger Band mean reversion, and opening range breakouts. Risk management is handled through a three-stage take profit system, automated
This MetaTrader 5 expert advisor implements a long-only trend-following strategy designed specifically for gold (XAUUSD) on the hourly timeframe. The system filters entries using a 200-period exponential moving average and an optional ADX momentum filter to avoid low-volatility periods. Trade signals originate from MAC
This MetaTrader 5 expert advisor is designed for scalping gold on the M1 timeframe. It features a versatile strategy engine capable of toggling between breakout and mean-reversion modes based on market conditions. The system manages trades using ATR-based trailing stops, break-even adjustments, and time-based exits. Ri
Gold Scalper is an educational MetaTrader 5 expert advisor designed for scalping XAUUSD on the one-minute timeframe. It is presented as a masterclass tutorial to demonstrate modular coding practices. The system utilizes a 200-period Exponential Moving Average for trend filtering and the Relative Strength Index for entr
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 hour, 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 hour. 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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