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
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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
Strategy
Reverse Edge is a MetaTrader 5 expert advisor that utilizes a combination of momentum and trend indicators, specifically MACD, RSI, and Stochastic oscillators, to identify trade entries. The robot focuses on structured risk management by calculating lot sizes based on a fixed risk percentage per trade and utilizing a d
This MetaTrader 5 expert advisor implements a moving average crossover strategy specifically designed for XAUUSD on the M15 timeframe. It utilizes a short-period SMA and a long-period SMA to identify potential entries. A unique filter requires the distance between the two moving averages to exceed a defined threshold b
This expert advisor for MetaTrader 4 and 5 implements a moving average crossover strategy specifically designed for Gold on the 15-minute timeframe. It initiates trades when a fast simple moving average crosses a slow simple moving average, provided the price has moved a specified distance beyond the crossover point. T
This MetaTrader 4 expert advisor is designed for XAUUSD trading using a combination of technical indicators and price action. It enters trades based on several toggleable strategies, including Moving Average crossovers, MACD, Support/Resistance levels, and Bullish/Bearish Engulfing patterns. The EA manages risk through
EA MultiStrategy Advanced is an automated trading robot for MetaTrader 5 that integrates technical analysis with machine learning models. It utilizes a combination of RSI, Bollinger Bands, and Moving Average crossovers alongside LSTM-based deep learning signals to identify market patterns. The system features rigorous
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 utilizes a modular architecture to automate trading using technical indicators. It generates entry signals by combining the Waddah Attar Explosion model with a Double Exponential Moving Average (DEMA) system. For risk management, the EA calculates stop loss levels based on Average True
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 4 expert advisor is designed specifically for trading Gold (XAUUSD) on the H4 timeframe. It employs a combination of technical indicators, including the Relative Strength Index (RSI), Stochastic Oscillator, and Ichimoku Kinko Hyo. The strategy monitors overbought and oversold levels while using the Ichi
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
BBMA Profit Seeker is a MetaTrader 4 expert advisor implementing a Bollinger Bands and Moving Average crossover strategy. It enters long positions when price rebounds from the lower band and closes above the moving average, while short entries occur after a rejection from the upper band. The robot manages exits dynamic
This MetaTrader 4 expert advisor executes trades based on a moving average crossover strategy. It specifically monitors the relationship between price action and a configurable moving average period, traditionally set to 50. The robot enters buy positions when the price closes above the moving average and sell position
Average Scalper is a MetaTrader 4 expert advisor designed for trend-following strategies based on moving average levels and volatility ranges. It uses a 50-period Exponential Moving Average to determine market direction, initiating buy orders when the price is above the line and sell orders when below. Risk management
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
Ak Sequence Bot is an automated trading robot for MetaTrader 5 that executes entries based on an Exponential Moving Average crossover on the five-minute timeframe. The system employs a specific lot size sequence, increasing the volume of subsequent trades following a loss to recover equity. It includes essential risk c
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
Strategy Chaikin is a MetaTrader 5 expert advisor that automates trades using the Chaikin Oscillator (CHO) indicator. Developed using the EA31337 framework, the robot monitors market momentum and volume accumulation to identify potential entry and exit points. It supports multi-timeframe operations, allowing users to a
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 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 MetaTrader 5 expert advisor is a developmental script designed to experiment with order information retrieval and basic trade execution. It calculates MACD indicator values for the M15 timeframe, though the current code version executes buy and sell orders simultaneously on every tick without conditional logic. Ri
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
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 MetaTrader 5 expert advisor automates trading across multiple markets, with specific logic for Boom and Crash synthetic indices and standard currency pairs. For synthetic indices, it generates alerts and entries based on RSI and Stochastic levels on the M1 timeframe. For other symbols, it utilizes a crossover stra
Candle Moving Average Day Trade is a MetaTrader 5 expert advisor designed for automated intraday trading. The strategy uses an Exponential Moving Average (EMA) to determine market direction, triggering entries based on a specific number of candlesticks closing above or below the average. It features a tiered position s
MA Twister is a trend-following expert advisor for MetaTrader 5 that automates trade execution based on a triple moving average crossover strategy. It monitors three distinct moving average periods to identify bullish or bearish momentum. The bot includes specialized risk controls for prop firm challenges, such as dail
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 MetaTrader 4 expert advisor implements a trend-following strategy based on a dual Exponential Moving Average crossover. It is designed for higher timeframes such as H1, H4, and Daily charts. The robot manages trade entries via the crossover and exits positions using a combination of a fixed take profit and a trail
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 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 MetaTrader 5 expert advisor automates the Setup 9.1 trading strategy developed by Larry Williams. It utilizes an exponential moving average, typically the nine-period EMA, to enter trades based on trend direction and candle closures. The robot manages active positions through take-profit targets, break-even trigge
This MetaTrader 5 expert advisor executes trades based on a technical strategy combining dual Moving Averages, Bollinger Bands, and the Parabolic SAR indicator. It identifies entries using indicator confluence and provides built-in risk controls including fixed stop loss, take profit, and a trailing stop mechanism. The
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
This MetaTrader 4 expert advisor implements a trend-following strategy based on the alignment or crossover of three distinct moving averages. Users can configure the period, method, and price source for fast, medium, and slow averages. The robot manages risk using dynamic stop loss and take profit levels calculated fro
This MetaTrader 5 expert advisor utilizes a trend-following strategy combining the MACD indicator with a 200-period Exponential Moving Average. It is designed to monitor and trade multiple forex pairs simultaneously from a single chart. The robot incorporates advanced money management, including ATR-based stop loss and
This MetaTrader 4 expert advisor implements a classic dual moving average crossover strategy. It enters long positions when a fast simple moving average crosses above a slow moving average and short positions when it crosses below. The robot includes risk management features such as automated lot sizing based on accoun
This Expert Advisor for MetaTrader 5 implements a basic moving average crossover strategy. It utilizes two Simple Moving Averages, specifically a fast 10-period and a slow 100-period line, to identify potential trend changes. The code calculates values for the current and previous candles to determine when the fast lin
This MetaTrader 4 expert advisor automates a trend reversal strategy based on price action patterns and technical indicators like ZigZag, MBFX, and Moving Averages. It features a dashboard to monitor multiple pairs, identifying setups such as pin bars and trendline breaks near support and resistance levels. Trade manag
This MetaTrader 5 expert advisor utilizes a combination of Envelopes, the Gator Oscillator, and Standard Deviation indicators to execute trades. It features comprehensive trade management including stop loss, take profit, and break-even functionality. The robot allows for position scaling through adding or reducing lot
Trading Algo Builder is a MetaTrader 4 expert advisor designed to help traders construct automated strategies without manual coding. It features a modular system where users can combine up to four different indicator signals, supporting both built-in MetaTrader indicators and custom external files. Signal logic include
This MetaTrader 5 expert advisor automates trading strategies based on the Know Sure Thing (KST) momentum oscillator. It calculates weighted Rate of Change values across multiple internal periods, smoothed by simple moving averages, to identify trend reversals and overbought or oversold conditions. The robot offers sev
System 01 is an automated expert advisor for MetaTrader 5 that utilizes a trend-following strategy combining the Parabolic SAR and a Moving Average. The robot enters buy positions when the price is above both the Parabolic SAR and the Moving Average, while sell positions are initiated when the price falls below both in
Strawberry Strategy Tester is a MetaTrader 4 expert advisor designed for automated trading and strategy evaluation. It implements Bollinger Band-based entry logic and offers multiple lot sizing methods, including fixed lots, addition, and multiplication. The use of lot multiplication suggests the expert advisor utilize
This MetaTrader 5 expert advisor implements a momentum-based strategy designed for gold futures. It identifies entry points by detecting double-impulse price patterns and filtering for minimum volume requirements. The EA determines market direction using a short-term exponential moving average crossover on the one-minu
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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