Richer Machine is a MetaTrader 4 expert advisor designed for automated breakout trading using Bollinger Bands and custom price levels. It initiates trades when price closes outside the bands, subsequently placing Buy Stop and Sell Stop orders at intervals defined by a Fibonacci-width parameter. The system manages risk
Synced with GitHub · updated hourly
Expert Advisor Library
1,978 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Trading robotTrade manager 1Risk & protectionNews trading 5Copier & bridgeFramework & template 1Collection 93Utility 4
Strategy
Breakout Exp is a MetaTrader 4 expert advisor that implements a breakout-based trading strategy. It utilizes adjustable fast and slow period parameters to determine market entry and exit points. The system manages trades using fixed lot sizes and identifies its own positions via a unique magic number. It includes funct
News Catcher EA is an automated trading robot for MetaTrader 4 designed to trade market volatility typically associated with news events. It functions by placing pending buy and sell orders at a specific distance from the current price at a pre-defined start time. The EA manages trades using a configurable trailing sto
JiaoYi is a MetaTrader 4 expert advisor designed to trade based on manually or programmatically defined support and resistance levels. It features three operational modes allowing users to target price breakouts, oscillations within a range, or a combination of both strategies. The EA manages trade execution by monitor
Pivot Fab is an automated trading robot for MetaTrader 4 that utilizes Fibonacci-based pivot point levels to identify entry and exit signals. The system calculates support and resistance lines based on historical price data, specifically identifying pivot points from R3 down to S3. It manages risk through fixed stop lo
This MetaTrader 4 expert advisor executes a breakout strategy by interfacing with the ACB Breakout Arrows indicator. It manages trades using multiple exit methods, including split targets or single-level closures. Risk is controlled through percentage-based stop loss calculations and an optional daily Exponential Movin
This expert advisor for MetaTrader 4 implements a price action strategy based on the inside bar candlestick pattern. It identifies scenarios where the current candle is contained within the price range of the previous candle. The EA automatically places buy stop and sell stop pending orders at specific distances from t
This MetaTrader 4 expert advisor is designed specifically to trade high-impact Non-Farm Payroll news events on USD currency pairs. It functions by placing a straddle of buy and sell pending orders at a set distance from the market price shortly before the news release. Once the market breaks out and triggers one order,
This MetaTrader 4 expert advisor automates a session-based trading strategy focused on the New York quiet period. It captures a reference price during a specific late-afternoon window and triggers trades when the market deviates by a set number of pips. The robot utilizes a moving average crossover and an ATR filter to
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.
Run EAs with a broker that supports MT4 and MT5
Compare regulated brokers by platform, spreads, minimum deposit and leverage.
Compare brokers