This multistrategy expert advisor for MetaTrader 5 combines currency strength analysis, breakout/reversal logic, and swap carry trading. It targets various markets including forex, gold, oil, indices, and crypto. Trade execution involves ATR-based stop losses, multiplier-based take profits, and partial closing mechanis
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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
Strategy
This MetaTrader 5 expert advisor implements a candlestick pattern breakout and mean-reversion strategy. It identifies specific sequences of three candles to determine market entry points. The robot places pending buy stop, sell stop, and buy limit orders at fixed distances from previous price extremes to target liquidi
Jamesmaria EA is a multi-pair MetaTrader 5 trading robot specializing in EURUSD, EURGBP, and Gold. It employs an H1 entry strategy based on the EMA 21/50 crossover and RSI confirmation, using H4 trend filtering for higher-probability setups. The EA includes dynamic lot sizing scaled to account equity, ATR-based take pr
This MetaTrader 5 expert advisor focuses on institutional-style trading across forex, indices, and other assets. It utilizes market structure analysis, including liquidity sweeps and market structure shifts, to identify entries on a M15 timeframe guided by H1 trends. The robot categorizes market states into range, tren
This MetaTrader 5 expert advisor automates butterfly option strategies specifically for the AUDUSD pair. It utilizes a multi-timeframe approach, requiring bullish trend confirmation on H1 and H4 charts using exponential moving averages before entering positions. The logic identifies favorable volatility conditions thro
Newton Fx is an automated trading system for MetaTrader 5, specifically configured for the gold market on the fifteen-minute timeframe. It identifies entries using a combination of exponential moving average crossovers, ADX trend strength verification, and Fibonacci retracement levels. The robot manages risk through AT
This MetaTrader 5 expert advisor serves as both a manual trading dashboard and an automated execution tool. Users can perform one-click operations, manage batch stop loss and take profit levels, and adjust orders visually via chart dragging. The automated component utilizes external arrow indicators, such as HalfTrend,
GoldForge ML is a MetaTrader 5 expert advisor specialized for gold trading on the M15 timeframe using a machine learning ensemble. It combines CatBoost, XGBoost, and LightGBM models via ONNX with Smart Money Concepts such as liquidity sweeps and order blocks. The EA manages risk through ATR-based stop losses, trailing
This MetaTrader 5 expert advisor provides an automated trading system with two primary operation modes: a multi-confluence signal engine and a Smart Money Concepts strategy. The confluence engine aggregates signals from RSI, MACD, Bollinger Bands, and EMA crossovers, while the Smart Money mode focuses on liquidity swee
Funded EA is a MetaTrader 5 robot designed to help users pass proprietary firm challenges by automating trade execution and risk management. It implements a Smart Money Concepts strategy, targeting XAUUSD by detecting order blocks and liquidity sweeps. The system features a calibration engine that calculates lot sizes
This MetaTrader 5 robot is a trend-following expert advisor converted from Pine Script, designed primarily for gold scalping on the one-minute timeframe. It identifies entries using a triple Exponential Moving Average stack combined with Relative Strength Index filters and candle confirmation. The EA manages risk throu
Liquidex Volatility Trader is a MetaTrader 5 expert advisor designed for high-frequency trading styles, focusing on market volatility. It utilizes a Linear Weighted Moving Average combined with Average True Range (ATR) indicators to identify entry signals based on price ranges. The EA manages exits using a dynamic trai
Chimera is an automated trading system for MetaTrader 5 designed to trade XAUUSD through multi-asset confluence. It analyzes price action across several timeframes, from M5 to H4, and incorporates inverse correlation filters using the US Dollar Index and US30. The EA identifies entries using harmonic patterns and RSI d
This MetaTrader 5 expert advisor executes a multi-stage trading strategy focusing on H1 trendline breakouts and RSI divergences. It refines entries on the M5 timeframe using Change of Character and micro Break of Structure signals. The EA includes automated risk management with percentage-based lot sizing and ATR-based
Traderbot 4K is an automated Expert Advisor for MetaTrader 5 that utilizes a strategy based on market equilibrium and price action concepts. It features an equity-based kill switch that automatically closes positions when a pre-defined profit percentage of the account balance is reached. The system incorporates risk ma
This Expert Advisor for MetaTrader 5 is a conversion of the EMA Slope and EMA Cross strategy originally developed for TradingView. It employs three Exponential Moving Averages with default lengths of 2, 4, and 20 to generate signals based on trend slope and price crossovers. The system supports a reversal-based trading
This MetaTrader 5 expert advisor utilizes a weighted signal scoring system to execute trades based on four technical indicators: Moving Average crossovers, RSI, Bollinger Bands, and MACD. It incorporates multi-timeframe analysis across M15, M30, and H1 periods to confirm trend direction. Risk management features includ
This Expert Advisor for MetaTrader 5 executes an Opening Range Breakout strategy enhanced with a daily trend filter. It identifies the high and low price levels during a specific market session opening, defined by the user. The robot enters trades when price breaks out of this range, but only if the direction matches t
This expert advisor for MetaTrader 5 automates trading strategies based on the Asian session price range. It calculates the high and low of a defined Asian session and executes breakout or range-reversion trades during the US session. The robot includes automated risk management features such as lot sizing, stop loss a
This MetaTrader 5 expert advisor is designed for gold (XAUUSD) scalping using Smart Money Concepts and ICT principles. It identifies entries through multi-timeframe analysis across M5, M15, and H1 periods, combined with RSI momentum confirmation. Risk management features include configurable stop loss and take profit l
MQ Autonomous is a momentum breakout expert advisor for MetaTrader 4 and MetaTrader 5. It scans multiple assets simultaneously for significant daily price movements exceeding a specified percentage. Once a threshold is met, the system seeks entries based on price breaking recent highs or lows, supported by a volume ave
Span Model Trader is an automated expert advisor for MetaTrader 4 that utilizes the Span Model and Super Bollinger technical indicators. It identifies entry and exit signals based on components such as the Blue Span and Delayed Span. The robot operates on a bar-by-bar basis, executing logic only at the opening of a new
This MetaTrader 5 expert advisor combines Bollinger Band mean-reversion, squeeze breakouts, and EMA crossover trend following. It filters for ranging markets using a long-period EMA slope to execute reversal trades with candlestick confirmation, specifically identifying Doji patterns at the bands. Risk management inclu
This collection of MetaTrader 5 expert advisors integrates external machine learning models via a local HTTP daemon for trade execution. The core system, GGTH-SR, utilizes sophisticated position sizing based on the Kelly Criterion with confidence-based scaling and smoothing. It includes an adaptive scalping module with
This MetaTrader 5 expert advisor combines technical indicators with price action to automate trading decisions. It incorporates five individual strategies including EMA crossovers, candlestick engulfing patterns, and support or resistance breakouts. The system is specifically calibrated for the 30-minute timeframe and
Eagle Eyes EA is an automated MetaTrader 5 robot that executes trades based on institutional Smart Money Concepts, specifically focusing on the Breaker Block retest strategy. It monitors price action for Break of Structure events and validates Order Blocks before entering positions on price retests. The EA incorporates
This MetaTrader 5 expert advisor serves as a signal generation tool primarily designed for the EURUSD currency pair. It identifies entry signals by combining MACD crossovers and Relative Strength Index levels, using a 200-period Exponential Moving Average as a primary trend filter. The system integrates a fundamental n
This MetaTrader 5 expert advisor automates a bullish continuation strategy designed primarily for the five-minute timeframe. It identifies long entry opportunities by combining price action with technical trend filters. The robot enters trades when specific candlestick formations, including engulfing or harami patterns
RSI Surf Scout is a multi-symbol momentum expert advisor for MetaTrader 5 that combines RSI signals with EMA trend filtering. It scans multiple instruments and timeframes simultaneously, entering trades via limit orders when momentum aligns with the long-term trend. The robot features robust risk controls designed for
The AI Quantum Learning Advanced Trailing Stop EA is an automated trading robot for MetaTrader 5 that employs neural network structures and quantum probability calculations. It monitors market patterns by analyzing price changes, volume, volatility, and indicators like RSI. The EA manages risk using fixed stop loss and
This MetaTrader 5 expert advisor is a multi-timeframe scalping robot designed for the forex market. It utilizes a Currency Strength Meter (CSM) combined with a technical indicator suite including RSI, MACD, and ADX to identify entry signals across various periods from M1 to H4. The system incorporates comprehensive ris
This MetaTrader 5 expert advisor provides a framework for trade execution and management, specifically targeting EURUSD and XAUUSD markets. It handles the full trade lifecycle, including automatic lot size calculation based on a defined risk percentage per trade. The EA utilizes fixed stop loss and take profit levels m
This MetaTrader 4 expert advisor is designed specifically for the EURUSD pair, focusing on price surge detection and subsequent pullback entries. It identifies significant volatility using ATR and candlestick body ratios, entering trades during correction phases. The robot incorporates multi-timeframe analysis across M
LSF X Engine is a MetaTrader 5 expert advisor designed for momentum-based trading through mathematical price smoothing. It utilizes a Kalman filter to reduce market noise and calculates the Least Squares Fitting slope to identify the prevailing trend direction. The strategy triggers entries during high-velocity price b
This MetaTrader 5 expert advisor is designed for swing trading gold (XAUUSD). It employs a trend-following strategy using 50 and 200 Simple Moving Averages, ADX for trend strength, and RSI for momentum filters. The system requires multi-timeframe confirmation from H4 and D1 charts before entering trades. Risk managemen
This MetaTrader 5 expert advisor automates a breakout strategy based on the high and low price levels of a 4-hour candle. It places limit orders at these boundaries, specifically timed for the New York 9 AM market open to capture volatility. The bot features dynamic adjustments for Daylight Saving Time and broker serve
LinearFX Trader is an automated expert advisor for MetaTrader 5 that utilizes mathematical linear regression to identify trading opportunities. The robot analyzes historical price data over a configurable lookback period to determine market direction. It includes essential risk management features such as fixed lot siz
This MetaTrader 4 expert advisor implements a cumulative profit strategy based on support and resistance levels. The system identifies potential trade entries by analyzing historical price extremes over a defined lookback period while excluding recent price action. It manages trade exits collectively, closing the entir
Backwater EA is a MetaTrader 5 expert advisor that automates trading based on Smart Money Concepts, specifically focusing on Fair Value Gaps and Inversion Fair Value Gaps. The robot monitors price action and market structure to identify entries, filtering signals using a 50-period and 200-period Simple Moving Average c
MAStoch is a MetaTrader 5 expert advisor that executes trades based on moving average crossovers, with an optional Stochastic oscillator filter for overbought and oversold conditions. It features a dual-stage exit strategy allowing for partial closes at different Fibonacci levels or fixed currency targets. Risk control
This MetaTrader 5 expert advisor automates a multi-timeframe price action strategy, identifying price extremes on a higher timeframe to seek entries on a lower timeframe. It features time-of-day filters and robust risk management, including percentage-based position sizing, maximum daily trade counts, and daily profit
This MetaTrader 4 expert advisor implements a multi-strategy approach for trading various currency pairs and gold. It combines technical indicators including Moving Averages, RSI, Bollinger Bands, and ADX with price action concepts such as support, resistance, and engulfing patterns. The EA features risk management too
This expert advisor for MetaTrader 5 performs scalping by identifying price levels based on a configurable lookback period. It incorporates a machine learning signal filter, requiring a separate Python environment to classify high-probability trade setups using historical market data. The robot manages entries within s
This MetaTrader 5 expert advisor implements a trend-following strategy based on Bollinger Bands. It initiates long positions when price breaks above the upper band during periods of high volatility, attempting to ride extended uptrends. The strategy closes or reverses positions when price breaks below the lower band. A
This MetaTrader 5 expert advisor executes trades based on a combination of Relative Strength Index (RSI) and Weighted Moving Averages (WMA) across two timeframes. It compares indicator values against defined buy and sell thresholds on a primary timeframe, with an optional trend filter from a higher timeframe. Risk mana
This Expert Advisor for MetaTrader 5 automates a strategy based on Fibonacci retracements following a Break of Structure or Change of Character. It identifies market structure shifts and places two separate pending orders: a trend-following stop order and a reversal limit order targeting liquidity runs. The EA calculat
This MetaTrader 4 expert advisor executes trades based on the Moving Average Convergence Divergence (MACD) indicator. Developed as an academic project, the bot filters signals using an Exponential Moving Average to ensure trades follow the established trend. Risk management features include a fixed lot sizing model, a
This MetaTrader 5 expert advisor executes a multi-indicator strategy inspired by the No Nonsense Forex methodology. It combines an SSL indicator for signal confirmation, the Waddah Attar Explosion for volume filtering, and a Geometric Mean Moving Average as a baseline. The robot enters trades based on trend alignment a
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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