Equity Protector is an account management utility for MetaTrader 5 designed to safeguard capital against significant drawdowns. It operates by monitoring account equity and balance at a user-defined frequency, such as every second. When the floating loss reaches a specified percentage or limit, the utility automaticall
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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 trading strategy based on the TMA+CG (Triangular Moving Average and Center of Gravity) indicator. Developed using the EA31337 framework, the robot utilizes the non-repainting version of the indicator to identify market entries. It features a multi-timeframe capability, enab
Strategy Pinbar is an automated trading robot for MetaTrader 5 that identifies entry points using pinbar candlestick patterns. The EA enhances signal accuracy by applying Relative Strength Index (RSI) and Commodity Channel Index (CCI) filters to confirm market conditions. Built upon the EA31337 framework, the system is
This MetaTrader 5 expert advisor acts as a meta-strategy container that executes multiple underlying trading strategies simultaneously. Built on the EA31337 framework, it aggregates signals from various included strategy files across several timeframes ranging from M15 to H8. The EA manages trade entries and exits base
This repository provides a diverse collection of MetaTrader 5 expert advisors and utility scripts for automated trading. The primary logic focuses on managing pending orders through dynamic distance adjustments, time-scheduled trade execution, and sophisticated trailing stops that operate via price ticks or millisecond
This high-frequency trading robot is designed for MetaTrader 4 and MetaTrader 5 to assist users in passing proprietary firm evaluation challenges. It employs a strategy that requires zero-slippage execution to function correctly, as it utilizes extremely tight or zero-point stop loss settings. The expert advisor includ
This expert advisor acts as a communication bridge between MetaTrader 4 or 5 and external Python applications. Based on the Darwinex Labs server framework, it uses text files to exchange market data and trade commands, allowing users to implement machine learning models or reinforcement learning strategies. It includes
This MetaTrader 5 tool implements a socket server using the Windows Sockets API via a third-party DLL. It allows the platform to act as a server, listening for incoming network connections on a specified host and port. The expert advisor initializes the server and checks for incoming messages at regular intervals using
OCC Strategy MetaTrader is a technical trading robot for MetaTrader 5 that implements a crossover strategy based on a custom double-smoothed indicator. The EA identifies market entries by comparing fast and slow signal buffers to trigger buy or sell orders. It operates on a new bar basis and includes basic trade manage
This MetaTrader 5 expert advisor serves as an educational repository for various automated trading strategies and capital management techniques. It features a modular architecture allowing users to toggle between multiple entry algorithms, including EMA crossovers, MACD zero-crossings, and a combination of ADX and Boll
This repository contains a collection of educational Expert Advisors developed as solutions for an MQL5 programming course. The provided examples demonstrate fundamental automated trading concepts on the MetaTrader 5 platform, specifically focusing on Exponential Moving Average crossover logic and MACD data processing.
News Trading EA is a volatility-capture robot for MetaTrader 4 and MetaTrader 5 designed to trade high-impact economic events. The EA places simultaneous buy stop and sell stop orders at a specific user-defined time before news releases. Once one order triggers, the robot is designed to close the opposite pending order
This trade management expert advisor for MetaTrader 4 and 5 automates stop-loss adjustments based on specific profit targets. Unlike standard trailing stops, this tool remains inactive until a position reaches a user-defined profit threshold in points. It offers flexible trade selection by filtering positions based on
This MetaTrader 5 expert advisor functions as a communication bridge between the platform and an external Python environment using TCP sockets over IPv4. It facilitates the transfer of candle data, including Open, High, Low, and Close prices, from the chart to a Python server for external analysis or storage. The repos
This collection provides several MetaTrader 5 expert advisors and utility scripts developed for educational purposes. The primary advisor combines moving average crossovers with Relative Strength Index filters to identify entry points. It features standard risk management controls including fixed lot sizing, hard stop
This MetaTrader 5 expert advisor executes trades based on the Ichimoku Kinko Hyo system, specifically targeting cloud breakouts. It incorporates several technical filters including Average True Range for volatility and Average Directional Index for trend strength to refine entries. Risk management is handled through pe
This repository provides a framework and example Expert Advisors that bridge MetaTrader 4 and MetaTrader 5 with the Algogene platform. It utilizes external dynamic-link libraries to establish a WebSocket connection, allowing the system to receive tailored trading signals from Algogene servers for trade entries. Additio
ICCapitals Secure is a risk management utility for MetaTrader 5. It acts as a supervisor to monitor and enforce trading parameters across an account. The expert advisor calculates position sizing based on a user-defined risk percentage per trade and manages risk-to-reward ratios. It features a timer-driven function to
This MetaTrader 5 repository provides a collection of expert advisors developed primarily for educational purposes and MQL5 language study. The included robots utilize trend-following logic based on multiple moving average crossovers, featuring variations with up to four different indicator periods. Traders can configu
This Expert Advisor is designed specifically for the Volatility 75 Index on the MetaTrader 5 platform. It employs a multi-timeframe strategy using exponential moving averages across H2 and M5 periods to determine trend direction and entry points. The system identifies long-term trends on the H2 chart and looks for pric
This MetaTrader 5 expert advisor implements a strategy based on Chan Lun (Zen Theory) technical analysis. It evaluates market structure and price action, using a candle size filter to determine trade entries. The robot includes built-in risk management features such as fixed stop loss and take profit orders. Additional
Ichimoku Scalper is a technical expert advisor for MetaTrader 5 that executes trades based on the Ichimoku Kinko Hyo and Parabolic SAR indicators. The system enters positions when the price interacts with the Senkou Span buffers, using the SAR for trend confirmation. It incorporates standard risk controls including fix
DS Fibonacci Trader is a MetaTrader 5 expert advisor that automates trading based on Fibonacci retracement levels. The robot calculates the price range over a specified number of days to determine key levels including 23.6, 38.2, 50.0, 61.8, and 76.4 percent. It provides visual chart objects and manages order execution
This MetaTrader 5 expert advisor functions as a communication bridge between the platform and external programming environments using the ZeroMQ messaging library. It enables developers to send trade instructions and receive market data via TCP protocols, connecting MetaTrader to languages such as Python, R, or C++. Th
This collection of MetaTrader 5 experts provides a variety of utility tools for data management and external integration. The primary focus is on extracting real-time market data, including utilities that send candle information via UDP sockets to local or remote hosts. Other scripts in the repository allow users to co
Hedge Terminal is a specialized framework for MetaTrader 5 designed to facilitate hedging net positions and provide a structured API for managing expert advisors. The repository includes demonstration robots such as a moving average expert that operates across multiple timeframes. These examples show how to open trades
Nafi is a MetaTrader 5 expert advisor framework designed for deep reinforcement learning in forex trading. It bridges Python-based training environments, such as OpenAI Gym and PyTorch, with MetaTrader to facilitate automated trade execution. The system features standard risk management controls including fixed lot siz
Xeque Mate Open Source is a counter-trend expert advisor for MetaTrader 5 based on the theories of Flavio Schotgues. It executes trades by placing limit orders at a user-defined point distance from a moving average. The system manages risk through fixed stop loss and take profit levels, while limiting exposure to a sin
Quotes Hub is a MetaTrader 5 data bridge designed to receive and broadcast market data to external applications. It specifically handles data feeds, including references to Interactive Brokers, and redistributes them using socket connections. The utility functions as a server, allowing other software to subscribe to li
Fractal Trailing Stop is a MetaTrader 5 expert advisor that automates trade management using Bill Williams fractal levels. The EA monitors open positions and dynamically adjusts the stop loss to the most recent up or down fractal, incorporating a user-defined point buffer for padding. It includes risk management featur
This MetaTrader 5 repository provides a collection of expert advisors centered around a data science framework for financial markets. The system implements deep learning classification methods, including deep neural networks and fractal analysis, to identify market patterns. It includes specific modules for Brazilian f
GsignalX Velocity is a comprehensive trend-following toolkit for MetaTrader 5, designed for prop traders and fund managers. It utilizes a multi-engine approach for trade entries, combining PP SuperTrend, ATR SuperTrend, and SuperBollingerTrend signals. The system filters entries using moving averages and Bollinger Band
This MetaTrader 5 expert advisor executes a trend-following strategy based on moving average crossovers. It monitors fast and slow exponential moving averages on closed bars to trigger buy or sell orders, with an optional RSI filter to confirm momentum. The robot includes automated risk management features such as dyna
This repository contains a collection of MetaTrader 5 expert advisors focused on advanced quantitative and machine learning techniques. The featured EA utilizes a technical summary approach inspired by TradingView, combining moving averages and oscillators with neural network confirmation via Hopfield and Restricted Bo
This MetaTrader 5 expert advisor is designed for gold scalping using a multi-timeframe approach. It analyzes price action across M5, M15, and H1 intervals using Exponential Moving Averages, Relative Strength Index, and Average Directional Index for entry confirmation. Trades are managed with ATR-based stop losses, take
Atlas EA is a multi-strategy intraday trading robot for MetaTrader 5, primarily focused on gold, silver, and USDJPY. It identifies market structure shifts using Smart Money Concepts, specifically targeting breaks of structure and fair value gaps during the London and New York sessions. The EA includes optional modules
This expert advisor for MetaTrader 5 focuses on scalping the BTCUSD pair using support and resistance levels on the one-minute timeframe. It calculates price floors and ceilings based on a customizable lookback period. The robot executes trades when the price enters a defined offset zone around these levels, aiming to
This expert advisor for MetaTrader 5 utilizes a multi-timeframe technical approach, scanning H1, M30, M15, and M5 periods simultaneously. It generates signals using a stochastic stack combined with RSI and stochastic divergence detection. The system incorporates a formula pack for market structure analysis, including B
This MetaTrader 5 expert advisor focuses on the EURUSD pair using an adaptive market regime approach. It alternates between trend-following and mean-reversion logic based on ADX and EMA indicators. The trend strategy utilizes price breakouts or pullbacks confirmed by RSI, while the range strategy employs Bollinger Band
EAPRO M is a price action scalper for MetaTrader 5 that utilizes a coordinate-based drag-and-drop system for trade placement. It manages execution through market, stop, and limit orders with automated position sizing based on account risk percentages. The EA incorporates multiple risk management layers, including daily
This collection of utilities for MetaTrader 5 focuses on protecting open positions during periods of high volatility or spread widening. The SpreadHourDodger tool manages stop loss orders during market rollover by either removing them entirely or widening them based on historical spread data stored in a CSV file. The N
This MetaTrader 5 expert advisor functions as a bridge between the trading terminal and external AI assistants using the Model Context Protocol (MCP). It facilitates platform control through natural language via an external C++ socket server. The software enables remote trade execution, market data retrieval, chart obj
This MetaTrader 5 framework implements the MQTT 5.0 protocol natively within MQL5 without external DLL dependencies. It serves as a bridge between the trading platform and MQTT brokers, allowing for remote monitoring and data integration. The provided Status Monitor Expert Advisor tracks account metrics such as balance
This MetaTrader 5 expert advisor provides a foundational template for developing automated trading robots using standard MQL5 classes. It features a basic crossover strategy where trades are triggered when the price crosses a Moving Average on the close of a candle. The system includes a tick freshness check to prevent
SMC Systems Gold is an automated MetaTrader 5 expert advisor designed for trading XAUUSD using Smart Money Concepts. It identifies Points of Interest such as Order Blocks and Fair Value Gaps through an external indicator and executes trades based on M15 price action. The system enforces strict multi-timeframe alignment
Hosopi operates as an automated trading robot for the MetaTrader 4 and MetaTrader 5 platforms. It utilizes a modular architecture to handle trade execution and account protection, incorporating indicator-based entry logic and volatility filtering. The software includes a Funds Guard to prevent orders during insufficien
This MetaTrader 5 expert advisor automates trading strategies based on Inner Circle Trader (ICT) concepts. It identifies market structure elements such as Order Blocks, Fair Value Gaps, and Market Structure Shifts to find entry points. The robot features specific logic for Kill Zones, Asian range liquidity, and Optimal
This Expert Advisor for MetaTrader 5 implements a stop-and-reverse trading strategy using pending stop orders. It places Buy Stop and Sell Stop orders that trail price movements in a single direction to tighten the entry point. Once a position is active, the EA maintains an opposite pending order as a reversal trigger,
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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