This MetaTrader 5 expert advisor utilizes a Long Short-Term Memory (LSTM) machine learning model to forecast price movements for the GBPUSD currency pair. It operates by triggering an external Python script every hour to perform incremental learning and generate price predictions. The robot enters trades when predicted
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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 expert advisor for MetaTrader 5 implements the No Nonsense Forex trend-following methodology. It utilizes a modular approach where users can select and configure specific components including a baseline, primary and secondary confirmation indicators, a volume filter, and a dedicated exit indicator. The EA manages
This MetaTrader 5 expert advisor implements a trend-following strategy using MACD and EMA indicators. For long entries, it requires a MACD crossover below the zero line and price confirmation above the EMA. It manages risk through ATR-based stop losses and take profits, with a default 1:2 risk-to-reward ratio. Users ca
This MetaTrader 4 expert advisor automates trading using moving average crossovers. It generates buy and sell signals based on user-defined periods and shift parameters. The EA includes a risk management module that calculates lot sizes dynamically based on free margin and a maximum risk percentage. It features a reduc
This MetaTrader 5 expert advisor implements a trend-following strategy based on moving average crossovers. It utilizes a fast Exponential Moving Average and a slow Exponential Moving Average for entry signals, with a longer-period Simple Moving Average acting as a trend filter. The robot includes an optional RSI filter
This MetaTrader 4 expert advisor implements a breakout strategy using Bollinger Bands, the Relative Strength Index (RSI), and a Simple Moving Average (SMA). Optimized for AUD/JPY, it identifies periods of low volatility through a Bollinger Band squeeze before entering trades on a price breakout confirmed by RSI momentu
FaSt is an automated trading robot for MetaTrader 4 that determines entries based on price extremes and trend direction indicators. The system employs Average True Range (ATR) to calculate dynamic stop loss and take profit levels, ensuring volatility-adjusted risk control. It includes multiple signal filters, trailing
This MetaTrader 5 expert advisor automates the placement of buy market and buy stop orders. When no positions are active, the robot enters the market and sets a pending buy stop order based on configurable distance parameters. It features a continuous trailing stop mechanism that tracks price movements without a minimu
This MetaTrader 5 expert advisor automates trading strategies based on support and resistance levels. The software identifies price pivot points and monitors price action relative to these boundaries to determine entry signals. It references technical indicators, specifically the Relative Strength Index and Bollinger B
Nexus EA is a scalping robot for MetaTrader 4 that identifies trade opportunities based on price volatility relative to historical bar averages. It monitors the current bar movement and executes trades when price displacement exceeds a set threshold within specific hours. Risk management is handled through dynamic lot
This MetaTrader 4 expert advisor implements a trend-following strategy based on volatility and momentum. It utilizes Average True Range calculations with configurable fast and slow multipliers to identify trade entries and manage exits. The robot handles risk through a percentage-based budget per trade, a fixed risk-re
OCO Part 1 is an educational expert advisor for MetaTrader 5 that implements a One-Cancels-the-Other (OCO) trading mechanism. The robot places pairs of pending Buy Stop and Sell Stop orders at a fixed distance from the current market price. Once one order in the pair is triggered or deleted, the EA automatically cancel
This MetaTrader 5 expert advisor serves as a base model or template for trend-following strategies. It utilizes three distinct moving averages—fast, medium, and slow—to identify market direction and potential entry points. The system includes built-in risk management parameters for fixed lot sizing, stop loss, and take
This MetaTrader 5 expert advisor implements a counter-trend scalping strategy using price envelopes. The robot calculates an exponential moving average and applies a percentage-based deviation to create upper and lower bands. It enters trades when the price closes outside these bands, targeting a reversal. Positions ar
HFT V1 is a MetaTrader 4 expert advisor designed to execute trades based on historical data analysis. The robot calculates dynamic price levels, including mid-lines and breath levels, by evaluating a minimum threshold of previous account history. It manages risk through fixed stop loss and take profit settings, with lo
Bot Trend Line is an automated trading tool for MetaTrader 4 that executes orders based on price interactions with trendlines. The expert advisor monitors lines to trigger market or pending orders when specific price conditions are met. It manages risk through a fixed risk-per-deal setting and includes account-level sa
Kronos is an automated trading robot for MetaTrader 5 designed to trade price range corrections using Fibonacci retracement levels. The system identifies specific price ranges over a set number of candles and enters positions based on retracement signals. It incorporates several risk management tools, including stop lo
Trading Bot FX is an automated expert advisor for MetaTrader 4 designed to trade twenty-seven currency pairs. It implements a trend-following strategy using a customizable baseline moving average, such as LWMA or SMA, alongside the SSL Channel indicator to determine market direction. To filter entries, the robot utiliz
This MetaTrader 4 expert advisor executes a trend-following strategy based on a 20-period Donchian Channel and a 200-period Exponential Moving Average. It enters long positions when price breaks above the 20-candle high while staying above the EMA 200, and short positions when price falls below the 20-candle low while
Robo Samurai is a MetaTrader 5 expert advisor that executes trades based on probabilistic candle patterns and occurrence statistics. It features a unique Katana Barrier system that filters trade signals based on historical error rates and specific occurrence percentage thresholds. The EA allows for granular control ove
This MetaTrader 5 expert advisor utilizes a multi-timeframe approach to identify entry points based on the Relative Strength Index and candlestick patterns. It monitors a lower timeframe for bullish engulfing formations while using a higher timeframe Exponential Moving Average to filter for trend direction. The bot cal
This MetaTrader 5 expert advisor identifies and trades the 212 candlestick pattern. It combines price action analysis with technical indicators, specifically using the Average Directional Index and a Moving Average for trend confirmation. The system manages risk through fixed stop loss and take profit levels, including
This MetaTrader 5 expert advisor implements a trade execution strategy based on a linear regression model. It calculates entries using specific coefficients for an intercept and five independent variables, which include volatility, relative strength index, and average directional index data. The bot supports intraday o
This MetaTrader 4 expert advisor executes a breakout strategy based on price extremes established during specific trading hours. It identifies the high and low levels from recent hourly candles and enters positions when price breaches these thresholds. The EA includes automated risk management features such as dynamic
This MetaTrader 5 expert advisor executes trades based on Relative Strength Index (RSI) levels. It enters long positions when the RSI is below a specified low point and the previous candle closed bullish, while short positions are triggered when the RSI is above a high point and the previous candle closed bearish. The
This MetaTrader 5 expert advisor executes trades based on technical signals from Moving Average crossovers and the Relative Strength Index (RSI). It offers three distinct entry modes, allowing traders to utilize trend-following crossovers, RSI overbought and oversold levels, or a combination of both indicators. The rob
This MetaTrader 4 expert advisor utilizes technical indicators to execute trades based on trend and momentum. The logic employs two simple moving averages (15 and 50 periods) alongside the Relative Strength Index to identify entries. It seeks buy or sell opportunities when moving averages crossover, provided the RSI co
EA 5120 is a MetaTrader 4 robot that executes trades based on a trend-following system using several exponential moving averages. The strategy utilizes multiple EMA periods, such as 5, 13, 25, and 120, to determine market momentum and generate signals. Trade management includes options for fixed or dynamically calculat
This MetaTrader 4 expert advisor executes trades based on Average True Range volatility patterns. It identifies breakout opportunities by comparing current ATR levels against the previous day's peak and trough, targeting periods of increasing volatility at the start of the trading session. The robot places pending limi
This MetaTrader 4 expert advisor automates trading based on the crossover of two Simple Moving Averages. The robot enters a buy position when the short-term moving average crosses above the long-term moving average and a sell position when it crosses below. It manages exits by monitoring for reverse signals to close ac
This MetaTrader 4 expert advisor executes trades based on the Ichimoku Kinko Hyo indicator. It incorporates four distinct trading methods: the Ideal Strategy, Tenkan-Kijun-Chikou crossing, Kumo breakout, and Chikou Span crossing. The robot manages risk through fixed stop loss and take profit levels, a maximum trade lim
Robo Harmonico is a MetaTrader 5 expert advisor designed to detect and trade harmonic price patterns, specifically focusing on the Gartley formation. It utilizes a custom ZigZag indicator to identify significant swing highs and lows, which are then processed by a dedicated detection library to find geometric structures
This MetaTrader 4 expert advisor utilizes a strategy combining Bill Williams Market Facilitation Index colors and Moving Averages. It features a multi-currency scanner that allows the robot to monitor and trade multiple symbols from a single chart using a comma-separated input list. Traders can toggle a filter to only
Azizkhani is a technical expert advisor for MetaTrader 5 that executes trades based on a combination of MACD and Commodity Channel Index indicators. The robot enters buy or sell limit orders when the CCI exceeds specific thresholds and the MACD aligns with the trend direction. It features a simplified logic for managin
This MetaTrader 4 expert advisor functions as a technical scanner and trade automation tool. It iterates through multiple currency pairs to evaluate market conditions and sort them according to technical criteria. The system includes logic for automated order preparation, performing real-time risk assessments before ex
Ray Scalper is an automated expert advisor for MetaTrader 4 that uses technical indicators to trade both trend-following and counter-trend strategies. It monitors Bollinger Bands, Moving Averages, and Stochastic crossovers to trigger entries. The robot allows users to toggle between trend and anti-trend modes and inclu
Gordon Day Trading is a MetaTrader 4 expert advisor designed for automated intraday trading. It combines signals from multiple Exponential Moving Averages, the Relative Strength Index, and Bollinger Bands to determine trade entries. The software includes visualization features for Fibonacci levels and unretraced zones
Treinamento Mql5 is an educational expert advisor designed for the MetaTrader 5 platform to demonstrate basic algorithmic trading concepts. It provides a framework for integrating technical indicators such as Moving Averages and the Relative Strength Index into a trading script. The EA includes input parameters to togg
EAM1 is a MetaTrader 5 expert advisor that utilizes the Ichimoku Kinko Hyo technical indicator to identify trading opportunities. The robot monitors the Tenkan, Kijun, and Senkou Span components to generate signals based on trend direction and component crossovers. Users can adjust the periods for the fast and slow lin
This MetaTrader 4 expert advisor uses a mean-reversion approach based on a long-period Exponential Moving Average on the M5 timeframe. It opens a single buy position when the previous candle closes below the 1000-period EMA and a sell position when it closes above. The EA includes standard risk controls such as fixed l
Pivot Point EA is an automated trading robot for MetaTrader 4 that utilizes daily pivot points to identify potential support and resistance levels. The system calculates these levels at the start of each day and monitors price proximity to execute trades based on bounces or breakouts. It includes built-in risk controls
Scalpy is an automated scalping robot for MetaTrader 4 that utilizes multiple Exponential Moving Averages across different timeframes to identify entry signals. The system analyzes the 8 and 21 EMAs on the H1 timeframe for trend anchoring while using the 8, 13, and 21 EMAs on the M5 chart for execution. It includes a m
Falcon C is a MetaTrader 4 expert advisor that implements a rule-based strategy using moving average crossovers and Keltner Channels. It relies on an external deep learning framework built in R to categorize current market regimes, such as normal or volatile bull and bear phases. Based on these categories, the robot sw
This MetaTrader 4 expert advisor executes automated trades based on Moving Average crossover logic and the Chandelier Exit method. It utilizes multiple Moving Average periods and shifts alongside Average True Range and price extremes to identify market trends and potential exit points. Risk is managed through fixed lot
This MetaTrader 4 expert advisor executes trades based on price movement relative to a specific daily start hour. It functions by comparing current prices to historical hourly opens, seeking specific pip deviations to trigger entries. The EA includes risk management features such as fixed lot sizing, hard stop loss, ta
Adeline SMA Crossover is a MetaTrader 4 expert advisor that automates trading based on Simple Moving Average (SMA) crossover signals. The repository provides two versions of the strategy, utilizing SMA 40 and SMA 70 periods to identify trend shifts. The robot enters trades when a short-term moving average crosses the l
YYEA is an automated trading robot for MetaTrader 4 that uses a combination of technical indicators to identify entry points. The strategy incorporates Relative Strength Index levels, Moving Average divergence, and daily high-low price levels tracked over a four-day period. It primarily focuses on shorter timeframes, s
JCS Patterns is an experimental MetaTrader 4 expert advisor designed to detect and trade bullish engulfing patterns. It serves primarily as a template for further development, entering trades based on specific Japanese candlestick formations. The robot includes a trailing stop mechanism and comprehensive logging capabi
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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