This MetaTrader 5 expert advisor serves as a modular framework and starter template for developing trend-following trading systems. It utilizes a clean architecture to separate signal logic, risk management, and order execution. The included demo logic implements a standard moving average crossover strategy to enter tr
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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
Trading robot 165Trade managerRisk & protection 2News tradingCopier & bridge 1Framework & template 19Collection 156Utility 4
Strategy
MQL5 EA CI/CD Template is a development framework for MetaTrader 5 designed to automate the lifecycle of Expert Advisors. It implements modern software engineering practices through continuous integration and deployment pipelines using GitHub Actions. The system includes tools for automated unit testing, static code an
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 MetaTrader 5 expert advisor automates a trend-following strategy using a combination of the Relative Strength Index and a Moving Average. It enters trades based on signals from a custom indicator that requires price to be on one side of the moving average while the RSI confirms momentum. The robot executes orders
This collection for MetaTrader 4 provides a variety of expert advisor templates and functional trading robots. The core strategy logic often utilizes price action relative to moving averages to identify trends. Key features include a randomized entry timer designed to avoid high-volatility bar starts, integrated stop l
Golden7 is an automated trading system for MetaTrader 5 that utilizes a weighted confluence engine across seven technical indicators, such as Moving Averages, RSI, and Bollinger Bands. It uniquely allows users to input a manual fundamental bias score to influence trade direction. The robot includes a robust filtering s
This MetaTrader 5 expert advisor collection uses a multi-indicator approach for trade entries. The primary logic involves a combination of MACD, three Triple Exponential Moving Averages (DEMA), the Relative Strength Index (RSI), and Stochastic oscillators. It filters signals using the Average Directional Index (ADX) an
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
Enhanced EA is an automated trading robot for MetaTrader 5 that combines Relative Strength Index, Bollinger Bands, and Moving Average Convergence Divergence indicators to generate signals. The expert advisor includes an optional trend filter based on a 200-period moving average to align entries with the long-term marke
Memento is an automated trading system for MetaTrader 5 based on the Ichimoku Kinko Hyo indicator. It utilizes a triple-cross strategy that monitors the Tenkan-sen, Kijun-sen, and Chikou Span for specific alignments. The robot implements a multi-stage confirmation process, assessing momentum and candle strength before
This MetaTrader 5 expert advisor implements a dual Adaptive Linear Moving Average (ALMA) crossover strategy. It enters trades when a fast ALMA crosses a slow ALMA, provided the slope meets a specific threshold and the price is within a defined ATR distance. The system uses a Supertrend indicator for additional trend co
Simple MA Cross is an automated trading robot for the MetaTrader 5 platform that executes trades based on exponential moving average crossovers. It utilizes two adjustable MA periods to identify entry signals when the fast period crosses above or below the slow period. The expert advisor features basic risk management
This MetaTrader 5 robot executes a trend-following strategy using a combination of specialized moving averages: Double Exponential Moving Average (DEMA), Triple Exponential Moving Average (TEMA), and Fractal Adaptive Moving Average (FRAMA). It identifies trade entries based on crossovers and the price position relative
This MetaTrader 5 expert advisor executes trades based on a combination of momentum and trend indicators, specifically MACD, RSI, CCI, and ADX. It seeks trend reversal opportunities by identifying overbought or oversold conditions combined with specific trend strength requirements. The EA includes risk management featu
This collection of MetaTrader 5 expert advisors features a flagship tool that applies genetic algorithms to optimize moving average crossover strategies. The system dynamically adjusts short and long period parameters, stop loss, and take profit values based on simulated fitness and real trade performance. Risk managem
Shuka Expert is a MetaTrader 5 robot designed for risk-managed trading using technical indicators and price action filters. It identifies entries through optional EMA and ZigZag components combined with candlestick patterns, such as engulfing bars and candle length requirements. The EA manages risk via percentage-based
The HiLo Capital EA is an automated trading robot for MetaTrader 5 that uses a trend-following strategy. It combines two exponential moving averages, specifically the 50 and 200 periods, with the Traders Dynamic Index (TDI) custom indicator to identify market entries. Risk management is handled through an automated lot
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 repository features a collection of MetaTrader 5 expert advisors, with a primary focus on a multi-currency ring trading system. The flagship EA executes trades across several currency pairs simultaneously, utilizing triangular hedging logic to manage exposure. It incorporates various lot management modes including
This repository features a collection of expert advisors for MetaTrader 5, primarily focused on the Blessing 3 grid strategy. The system enters trades based on market conditions and manages them using a grid with martingale lot multipliers. Risk controls include maximum drawdown percentages, equity-based trading stops,
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 repository contains a collection of MetaTrader 5 expert advisors and utility tools for automated trading. The primary expert advisor utilizes the Stochastic Oscillator to generate entry and exit signals based on configurable crossover logic and overbought or oversold levels. It includes essential risk management s
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 5 expert advisor identifies market entries using a moving average signal within the standard MQL5 framework. The robot evaluates price relative to a simple moving average, triggering trades when a specific threshold is met. Users can configure lot sizing as a fixed volume or a percentage of the account
This MetaTrader 5 expert advisor executes trades based on various moving average price indicators. It is built as a modular component for the EA31337 framework and supports multiple calculation methods, including simple, exponential, adaptive, and fractal moving averages. The robot allows users to enable or disable spe
This MetaTrader 5 expert advisor implements a trend-following strategy based on price position relative to a moving average. It initiates buy orders when a candle closes above the moving average and sell orders when it closes below. Risk management is handled through several configurable parameters, including fixed tak
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
MA CrossFlow Trader is a trend-following expert advisor for MetaTrader 5 that executes trades based on the crossovers of multiple simple moving averages. The robot monitors several SMA periods, including the 10, 50, 100, 150, and 200, to identify trend shifts. It specifically enters buy or sell orders on the third cand
This Expert Advisor for MetaTrader 5 implements a trading strategy based on price candles crossing a Moving Average indicator. Built using the EA31337 framework, it monitors price action to detect when a candle closes across the indicator line to generate signals. The robot supports concurrent multi-timeframe analysis
This MetaTrader 5 expert advisor implements a trend-following strategy by combining several technical indicators. It utilizes a 50-period Exponential Moving Average for trend direction, alongside the Relative Strength Index, MACD, and Average True Range for entry signals. The system includes a hardcoded risk management
This MetaTrader 5 repository contains a diverse collection of expert advisors and technical indicators, with a primary focus on signal-based trading bots. The featured CCI Four Arrows Strategy uses the Commodity Channel Index to identify entry points based on specific level breaches. It includes risk management feature
This MetaTrader 5 expert advisor implements a basic trading strategy based on the Moving Average Convergence Divergence (MACD) indicator. It monitors for crossovers between the MACD main line and the signal line on a per-bar basis. When a crossover is detected, the robot executes trades with a fixed lot size and applie
This MetaTrader 5 expert advisor is a development project that utilizes the MACD indicator and an Exponential Moving Average to execute trend-based trades. It enters positions when the price aligns with the EMA trend and a MACD crossover signal occurs. The EA automates risk management by calculating lot sizes based on
This automated expert advisor for MetaTrader 5 is specifically designed for the GBPJPY currency pair. It utilizes a breakout strategy based on psychological key price levels, which are adjustable in the settings. The bot filters entries using two Simple Moving Averages and the Average Directional Index to confirm trend
This repository provides a collection of over fifty MetaTrader 4 expert advisors designed for testing algorithmic strategy combinations. Each robot follows a modular structure consisting of a baseline indicator, confirmation signals, and volatility filters. Common configurations include the Kijun-sen, RSI, and Waddah A
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 collection for MetaTrader 5 features multiple expert advisors, including strategies based on pinbars, stochastic oscillators, and non-repainting reversals. The primary pinbar robot utilizes a triple moving average filter—slow, medium, and fast—to establish trend direction before execution. It incorporates essentia
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
A trend-following trading robot for MetaTrader 5 that utilizes technical indicators and recovery lot scaling. It generates entry signals using a combination of the SuperTrend indicator, Exponential Moving Averages (EMA), and ADX filters. The expert advisor features a martingale-style lot multiplier that increases posit
This repository contains a collection of MetaTrader 5 expert advisors and scripts designed for learning and development. The included tools range from data visualization utilities like tick density heatmaps to trading strategies involving Bollinger Bands, Envelopes, and grid systems. It features management scripts for
This repository contains a collection of MetaTrader 4 expert advisors based on classic technical analysis and price action patterns. The robots utilize various strategies such as engulfing candles, pinbars, Heikin Ashi trends, and moving average crossovers. Risk management settings across the files include stop loss, t
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 serves as a template for multi-pair trading systems using a dual Moving Average crossover strategy. It is designed to execute trades across multiple symbols from a single chart based on a user-defined list of currency pairs. The EA includes risk management tools such as a trailing stop,
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 repository contains a collection of MetaTrader 4 automated trading tools, including a trade copier and several strategy-based expert advisors. The primary logic utilizes dual moving average crossovers combined with momentum filters and divergence checks to identify entries. It features comprehensive risk managemen
This collection for MetaTrader 5 contains multiple expert advisors centered on moving average strategies. It includes a Golden Cross system that identifies bullish and bearish momentum through the crossover of fast and slow exponential moving averages. Additionally, the repository features a trend-based signal system t
This MetaTrader 5 expert advisor implements a trend-following strategy using the Average Directional Index and an Exponential Moving Average. It monitors trend strength through ADX values and executes entries based on the relationship between price and the moving average combined with directional indicator signals. The
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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