This repository provides a collection of MetaTrader 5 expert advisors, including standard MetaQuotes examples and specialized indicator-based bots. The expert advisors utilize technical analysis tools like MACD, Moving Averages, and Parabolic SAR to automate market entries. Risk management is handled through user-defin
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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 146Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 5Collection 101Utility 2
Strategy
This repository serves as a collection of MetaTrader 5 expert advisors and educational scripts. It includes a variety of automated trading systems based on common technical indicators such as Moving Averages, RSI, and Stochastics. The collection features specific strategies including Bill Williams techniques and trend-
This repository contains a collection of MetaTrader 4 and MetaTrader 5 expert advisors focused on multi-indicator signal processing. The logic evaluates market conditions by aggregating data from Moving Averages, ADX, Accelerator Oscillator, Volume, and Momentum indicators across several timeframes such as M5, M15, and
This repository contains a collection of MetaTrader 5 expert advisors developed for various market conditions and strategies. The files include implementations of trend-following systems like the Dunnigan NRTR, signal-based dashboards using multi-indicator confirmation, and experimental artificial intelligence models.
Laguna EA is an automated trading robot for MetaTrader 5 that utilizes the Average Directional Index and Exponential Moving Averages to identify market trends. It filters entries by requiring a minimum ADX value to ensure sufficient trend strength before executing trades. The system manages risk with fixed lot sizing a
This MetaTrader 5 repository contains a collection of experimental expert advisors focused on trend-following and crossover logic. The primary codebase utilizes the Average Directional Index (ADX) to gauge trend strength and Moving Average crossovers to determine trade entries. The included tools feature hardcoded stop
This collection for MetaTrader 4 and 5 includes various expert advisors exploring fuzzy logic and standard technical indicators. The primary logic demonstrated in the source files utilizes Simple Moving Averages to identify trend direction and price positioning. It features standard risk controls including fixed lot si
This Expert Advisor for MetaTrader 5 implements a trend-following strategy based on four moving averages. It determines market direction to trigger buy or sell entries during specified trading hours. The robot features time-restricted operations, allowing trade execution only between set start and end times. Risk manag
This repository provides a specialized framework and example expert advisors for developing Renko-based trading systems on the MetaTrader 5 platform. It includes a dedicated MQL5 header library that simplifies integration with the Median Renko indicator bundle. The framework handles the acquisition of chart settings au
This repository provides a collection of expert advisors for the MetaTrader 5 platform, primarily utilizing the standard MQL5 library components. The main expert advisor, ExpertMAPSARSizeOptimized, generates trade entries based on Moving Average crossovers and manages exits using a Parabolic SAR trailing stop. It inclu
This repository is a collection of expert advisors for the MetaTrader 5 platform, featuring several trend-following and indicator-based strategies. It includes implementations for MACD crossovers, Moving Average crosses, and Parabolic SAR logic. The experts provide standard trade management features such as fixed lot s
Parallel Strategies is a multi-strategy expert advisor for MetaTrader 4 that executes four independent trading systems concurrently. These systems include moving average crossovers, MACD breakouts, Heiken Ashi signals, and a combined Heiken-MACD approach. Each strategy operates with its own magic number for distinct ma
This MetaTrader 5 expert advisor executes trades based on the crossover of two moving averages. It allows users to define periods for both long and short averages and select the calculation method, such as Exponential Moving Average. The EA includes internal time management, allowing for specific start and end times pl
This MetaTrader 5 expert advisor implements a classic dual moving average crossover strategy. It tracks two Simple Moving Averages with configurable fast and slow periods to determine trade entry and exit points. The robot checks for signals every 15 seconds via a timer function rather than on every price tick. Users c
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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