This MetaTrader 5 expert advisor executes trades based on the Moving Average Convergence Divergence (MACD) indicator combined with dual exponential moving average trend filters. The robot enters positions when MACD reaches specific pip thresholds and uses 6-period and 20-period EMAs to confirm market direction. It feat
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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
This MetaTrader 5 expert advisor implements a trend-following strategy based on moving average crossovers. It offers a comprehensive suite of trade management tools, including fixed tick-based stop loss and take profit levels, trailing stops, and break-even settings. Users can configure up to three partial exits to sca
Passive Income is an automated trading robot for MetaTrader 5 that identifies entries using Moving Average crossover signals. The EA utilizes standard MQL5 library classes to execute trades and manage positions. Risk management is facilitated through a Parabolic SAR trailing stop, which dynamically adjusts the stop los
Vega Bot is a MetaTrader 4 expert advisor that executes trades using a price action strategy combined with technical filters like RSI, MACD, and Ichimoku Kumo Cloud. Developed for the EURUSD five-minute timeframe, the system uses ATR for volatility measurement and calculates lot sizes based on a risk percentage. The co
This MetaTrader 5 expert advisor is an experimental project developed to automate trading using technical indicators for trend and momentum analysis. The system incorporates a 100-period Exponential Moving Average (EMA), MACD, and Average True Range (ATR) for entry signals and trade management. It features built-in ris
Bear Treading is a MetaTrader 5 robot developed using the MQL5 standard library expert classes. It primarily executes trades based on Relative Strength Index (RSI) signals, incorporating Moving Average parameters for trend identification. The system employs traditional risk controls, including hard stop loss and take p
This automated expert advisor for MetaTrader 4 and MetaTrader 5 utilizes a strategy inspired by the Never Losing Formula. It employs technical indicators including the Stochastic Oscillator, Relative Vigor Index, and Envelopes to identify market entries. To manage trades, the EA incorporates a secondary entry mechanism
This MetaTrader 4 expert advisor implements a multi-indicator trading system primarily based on moving averages and Ichimoku Kinko Hyo components. It monitors price action relative to multiple timeframes, including D1, H4, and H1 high and low levels. The system features automated order execution with built-in trailing
This expert advisor for MetaTrader 4 is a multi-strategy robot focused on the recovery zone management technique. It offers a wide array of entry signals, including RSI, MACD, Bollinger Bands, and mean-reversion models. When initial trades move into a loss, the system employs an averaging recovery strategy with lot mul
Siren is a MetaTrader 4 expert advisor that automates trading based on technical indicators and multi-timeframe price levels. It utilizes the ZigZag indicator alongside multiple Exponential Moving Averages, including the 10, 20, 100, and 200 periods, to identify market trends. The EA monitors price action relative to p
This MetaTrader 4 expert advisor implements a strategy combining trend-following moving averages with the Relative Strength Index for entry timing. The robot initiates buy orders when a fast moving average sits above a slow moving average, provided the RSI reflects an oversold state and price action confirms the moment
This MetaTrader 4 expert advisor executes trades based on moving average trends and price action triggers. It identifies entries by counting consecutive candles on specific sides of the MA20 and validates the broader trend using an additional MA period. The system incorporates pattern recognition to detect market types
XRL8 Bot is a MetaTrader 4 expert advisor designed for automated forex trading based on a simple moving average crossover system. The robot monitors price action to identify entries when a fast-period moving average crosses a slow-period moving average. It manages trades using fixed stop loss and take profit targets de
This MetaTrader 4 expert advisor is a trend-following robot developed as an academic project for an object-oriented programming course. The system combines Exponential Moving Averages and ZigZag indicators to determine trade entries and manage positions. It features basic risk controls including a user-defined maximum
EMA H4 Crossover is an automated trading robot for MetaTrader 4 designed to execute trades based on moving average crossovers. The strategy utilizes two Exponential Moving Averages with configurable periods, specifically targeting the H4 timeframe for trend identification. It initiates long entries on golden crosses an
This MetaTrader 5 expert advisor automates trading by analyzing market conditions through multiple technical indicators, including Stochastic, RSI, MACD, and dual Moving Averages. It employs an object-oriented approach to identify entry points based on indicator crossovers and trend momentum. Risk management is handled
This MetaTrader 4 expert advisor is designed to capture price trends by combining moving average crossovers with momentum oscillators. It monitors fast and slow moving averages for entry signals while utilizing a long-term trend moving average as a directional filter. The Relative Strength Index is incorporated to vali
Analise Do Grafico IQ is a MetaTrader 4 expert advisor that automates trading based on technical indicator signals. The robot utilizes the Moving Average Convergence Divergence (MACD) indicator to identify momentum shifts and an Exponential Moving Average (EMA) to filter for the prevailing trend. It opens buy and sell
Portuguese is a MetaTrader 5 expert advisor designed as a trend-following robot utilizing multiple moving average indicators. It employs five distinct moving average periods and shifts to identify trade signals. The system manages positions through a comprehensive set of risk controls including fixed stop loss and take
This MetaTrader 4 expert advisor implements a multi-strategy framework for automated trading across various symbols. It incorporates several technical entry signals, including Ichimoku, Bollinger Bands, and ADX-filtered logic. The EA provides multiple trade management options, explicitly including martingale lot scalin
This MetaTrader 5 expert advisor is a development project for testing technical indicator strategies. It uses a combination of moving average crossovers and MACD signals to identify market entries. The EA includes time-based filters allowing users to specify exact opening and closing hours for daily trading sessions. R
Falcon B is a MetaTrader 4 robot developed for the Lazy Trading Project, designed to integrate with external decision support systems. It uses a combination of moving average crossovers and Keltner Channels to identify trade entries. The system includes robust risk management features, allowing for fixed or volatility-
This MetaTrader 4 expert advisor executes a classic moving average crossover strategy. It monitors two Simple Moving Averages with customizable periods to identify trend shifts. When the fast average crosses above the slow average, the robot initiates a buy order; a crossover below triggers a sell order. The system res
Algo 01 is a MetaTrader 4 expert advisor that executes trades based on moving average crossover signals. It references an external custom indicator path for signal generation and allows users to define fast and slow moving average periods for its logic. The robot includes risk management features such as percentage-bas
Ultima is a trend-following expert advisor for MetaTrader 4 that utilizes moving average crossovers and the Average Directional Index to identify market momentum. Generated via a template builder, it monitors the relationship between multiple exponential moving averages and a long-term simple moving average. The EA inc
PTL EA is a MetaTrader 4 expert advisor that monitors financial markets for technical trade setups using price action and trend analysis. It evaluates market conditions across various instruments, including forex pairs, gold, and global indices, by identifying candlestick patterns and key support and resistance zones.
Robo Trade MQL5 is an automated trading robot for MetaTrader 5 that implements technical analysis setups based on moving average indicators. It specifically targets the 9.1 and 9.2 setups, utilizing 9-period and 21-period moving averages to identify entry points. The EA features fixed lot sizing and a mandatory daily e
This MetaTrader 5 expert advisor executes trades based on the Commodity Channel Index (CCI) Arrows indicator. Developed as part of the EA31337 framework, the robot identifies market entries through CCI-derived signals. It supports multi-timeframe operations, allowing users to activate specific intervals from M1 to H4 a
This MetaTrader 5 expert advisor, developed as a university project, executes trades based on technical indicators including Average Directional Index (ADX) and Moving Averages. The system features risk management controls such as fixed stop loss and take profit levels, which are automatically scaled for five-digit pri
This MetaTrader 4 expert advisor implements a trend-following scalping strategy using a combination of moving averages and the Stochastic oscillator. It identifies the primary trend using a 200-period Simple Moving Average and a 21-period Exponential Moving Average. Trades are entered during pullbacks when the Stochast
Aych MT Learn is a repository for MetaTrader 4 that provides a baseline expert advisor for educational purposes. The robot implements a classic strategy based on Moving Average Convergence Divergence (MACD) crossovers filtered by an Exponential Moving Average trend component. It includes standard trade management featu
This MetaTrader 4 expert advisor executes trades based on the crossover of two moving average indicators. It initiates buy positions when the fast moving average crosses above the slow moving average, provided both indicators are trending upward, and opens sell positions on downward crossovers. The robot manages exits
This MetaTrader 4 expert advisor executes trades based on Exponential Moving Average conditions across multiple timeframes. Originally designed as a crossover strategy, it incorporates a dynamic stop loss mechanism that adjusts based on price distance from the entry point. The robot features built-in risk controls, inc
This automated trend-following expert advisor for MetaTrader 4 is designed specifically for the GBPJPY pair on the H1 timeframe. It identifies market entries using the Commodity Channel Index and Moving Average Convergence Divergence indicators. The system operates within specific GMT hours and manages a maximum of two
This MetaTrader 4 expert advisor executes trades based on the MACD indicator and uses a Moving Average filter to determine the prevailing trend. It features a dynamic lot sizing algorithm that adjusts risk percentages according to account balance tiers. While the documentation focuses on MACD signals for H1 charts, the
MACD MA Cross is a MetaTrader 4 expert advisor that automates entries based on the alignment of MACD signals and Moving Average crossovers. The strategy triggers trades when indicators confirm a trend, using Linear Weighted Moving Averages (LWMA) for direction. The EA features an unconventional exit strategy where posi
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
Span Model Day Trader is a MetaTrader 4 expert advisor that monitors market signals based on the Span Model and Super Bollinger technical indicators. The code specifically focuses on the USDJPY currency pair, evaluating the relationship between blue and red spans derived from the Ichimoku Kinko Hyo indicator. It tracks
This MetaTrader 4 expert advisor implements a multi-strategy approach to automated trading using several technical indicator combinations. It features distinct logic for long and short positions, utilizing the Relative Strength Index, Moving Average Convergence Divergence, and Ichimoku Kinko Hyo. Buy signals are genera
This MetaTrader 4 expert advisor executes trades based on the crossover of two Simple Moving Averages. It identifies trend shifts by comparing the relationship between a fast and a slow moving average over the two most recent bars. The robot enters a buy position and closes existing sell trades when the fast MA crosses
Arra is an automated trend-following expert advisor for MetaTrader 4 that utilizes a moving average crossover strategy paired with a volatility filter. It triggers trades when a short-term simple moving average crosses a long-term SMA, but only if the current Average True Range indicates higher volatility than a previo
This MetaTrader 4 expert advisor serves as a development prototype based on standard technical indicators. It utilizes a combination of MACD signal line crossovers and Bollinger Band price interactions to automate trade entries. The robot initiates buy orders when the MACD main line is above the signal and price recove
Boss Logic is an automated trading robot for MetaTrader 4 that utilizes a combination of the Zigzag indicator, MACD, and Turtle Trading Channel logic. The EA monitors price pivots across various bar intervals to identify potential entry points based on trend exhaustion or reversals. Trade management includes standard t
This MetaTrader 4 expert advisor executes trades based on a simple moving average crossover strategy. The robot requires a specific start hour to authorize trading activity. Once active, it waits for a cross between two configurable moving averages to initiate buy or sell orders. The system uses hardcoded stop loss and
This MetaTrader 4 expert advisor implements a simple moving average crossover strategy. It uses two user-defined SMA periods to determine entry points once a specific hour of the day is reached. The robot monitors the relationship between the fast and slow averages, opening a single trade when they cross in a specific
MAEA is a multi-symbol expert advisor for MetaTrader 4 that automates entries based on moving average analysis. The robot scans available symbols and monitors price action on the M15 timeframe. It incorporates automated trade management features including a break-even function and dynamic lot sizing based on a fixed ri
Integra 777 Buy Sell is a MetaTrader 4 expert advisor that utilizes a grid-based approach combined with the Commodity Channel Index (CCI) for trade entries and management. The robot opens positions and adds supplementary orders at dynamic distances, governed by a minimum step parameter. It features a unique trailing pr
This MetaTrader 4 expert advisor executes trades based on a triple moving average strategy. It utilizes fast, slow, and trend moving average periods to identify entry points, including new trends, trend continuations, and price touches on moving averages. The system includes built-in risk management via a fixed stop lo
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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