This MetaTrader 4 expert advisor implements a multi-timeframe trading strategy focused on price wave analysis and trendline rebounds. It monitors market deviations across M1, M5, and M15 intervals to identify entry points based on specific wave patterns. The system includes various risk controls such as fixed stop loss
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Expert Advisor Library
1,978 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Strategy
This repository contains a large collection of over fifty MetaTrader 4 expert advisors, many of which are generated using the fxDreema visual development platform. The library covers a diverse range of strategies including gold scalping, candle-based robots, news filters, and grid management tools. Risk controls vary b
This MetaTrader 4 expert advisor implements a trend-following strategy using a 50-period Exponential Moving Average on the one-minute timeframe. It places pending buy stop or sell stop orders at a configurable distance from the current price when specific spread conditions are met. The system manages risk using fixed s
Boom EA Spike Notification is a MetaTrader 5 utility designed for monitoring Boom and Crash synthetic indices. It functions as a detection tool that identifies price spikes by analyzing historical candle data. The EA scans the last 2,000 bars to establish a threshold for standard price movement, distinguishing between
This MetaTrader 4 expert advisor utilizes an Exponential Moving Average alignment strategy for short-term trading. It identifies trend direction by comparing several EMA periods, including 5, 8, and 13, to execute market entries. The robot features built-in risk controls, including hard stop loss and take profit settin
This MetaTrader 4 expert advisor implements a latency arbitrage strategy by monitoring price discrepancies across multiple ECN brokers and liquidity pools. It tracks bid and ask prices for twenty-three currency pairs in a high-speed loop, identifying instances where prices diverge significantly across different platfor
Fusion Plus RSI is an automated trading expert advisor developed for the MetaTrader 5 platform, specifically targeting the Crash 500 synthetic index. The robot employs a trend-based approach by analyzing the Relative Strength Index (RSI) across two separate timeframes, the one-minute and five-minute charts. It executes
This MetaTrader 4 expert advisor provides automated forex trading using a grid-based strategy. The robot enters trades based on time-restricted windows and manages them using a martingale lot scaling mechanism. Users can configure the lot multiplier, the distance between grid levels, and a maximum level limit. For risk
Ea Scalp Three is an automated scalping robot for MetaTrader 4 that uses recent price action to determine market direction. It analyzes the closing prices of the three most recent candles on the one-minute timeframe to detect momentum. The software opens a buy position when bullish momentum is identified and a sell pos
This collection of MetaTrader 5 expert advisors is designed to trade Boom and Crash synthetic indices. The robots utilize RSI indicator logic and basic price action candle checks to identify and capture rapid price spikes. The tools feature automated trade execution with a focus on capturing momentum. Risk management i
This MetaTrader 4 repository contains a collection of automated trading scripts designed for the foreign exchange market. The primary robots include Mover, which utilizes moving average crossovers to identify trends, and Cristos, which focuses on market openings and news events. The collection also features a semi-auto
This MetaTrader 4 expert advisor acts as a multi-symbol scanner that monitors the Relative Strength Index and Money Flow Index indicators. It evaluates market conditions across six timeframes simultaneously, ranging from one-minute to four-hour charts. The logic triggers when both indicators reach specific overbought o
Se-0303 is an automated trading robot for MetaTrader 4 and 5 that employs a grid-based approach with Martingale lot scaling. It determines entries through trend analysis and M1 fractals, using coefficients to calculate order distances and take profit targets relative to price height. The EA includes specific risk contr
This MetaTrader 4 repository provides a collection of expert advisors, featuring the IBandEA system designed for gold trading on the 5-minute timeframe. The robot executes trades based on price deviations from a central indicator line and specific candle high-low ranges. It incorporates risk management through a lot si
This MetaTrader 5 expert advisor utilizes ZigZag indicators and Fibonacci retracements to identify and trade ABCD patterns. Operating primarily on the M1 and M5 timeframes, the robot calculates entry points based on specific price ranges and Fibonacci levels such as 23.6 and 38.2. The system employs an aggressive marti
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
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 a mean-reversion strategy driven by the Relative Strength Index. It enters trades when the RSI indicates overextended price levels and manages them using a grid-based approach. The EA scales lot sizes using a martingale factor and allows for position layering at specified dista
Artemis IA is an expert advisor for the MetaTrader 4 platform that executes trades in the forex market. It uses a strategy based on fractal methodology and technical indicators to determine market direction. The logic integrates the Parabolic SAR indicator across M1, M5, and M15 timeframes, complemented by signals from
This repository contains a collection of MetaTrader 4 and MetaTrader 5 expert advisors focused on multi-indicator signal processing. The logic evaluates market conditions by aggregating data from Moving Averages, ADX, Accelerator Oscillator, Volume, and Momentum indicators across several timeframes such as M5, M15, and
This MetaTrader 4 collection features automated trading scripts primarily based on the Ichimoku Kinko Hyo indicator. The expert advisors execute trades by analyzing the relationship between Tenkan-sen and Kijun-sen lines relative to the Senkou Span cloud. Risk is managed via fixed lot sizing and a maximum concurrent tr
This expert advisor for MetaTrader 4 utilizes a bridge to the R programming environment to implement machine learning for currency trading. It leverages pre-trained XGBoost models to identify trade opportunities based on technical features such as Average True Range, Bears Power, and Bulls Power indicators. The robot m
Invea Stoch is an automated trading robot for MetaTrader 4 that utilizes the Stochastic oscillator to identify entries based on overbought and oversold levels. The EA initiates trades when the indicator exceeds 85 or falls below 15, applying price action filters based on the highs of recent candles. It manages risk wit
MartGreg GP1 is a MetaTrader 5 expert advisor designed for automated trading with a focus on specific instruments like Brent Crude. It executes trades using a fixed lot size and manages each position with predefined stop loss and take profit levels. The system includes a risk management component that tracks the accoun
News Catcher EA is an automated trading robot for MetaTrader 4 designed to trade market volatility typically associated with news events. It functions by placing pending buy and sell orders at a specific distance from the current price at a pre-defined start time. The EA manages trades using a configurable trailing sto
This MetaTrader 4 expert advisor executes a scalping strategy focused on the 5-minute timeframe. It monitors price action relative to the Envelopes indicator, initiating trades when price crosses back inside the indicator boundaries after a deviation. The robot includes risk management controls through fixed take profi
BOP is a collection of Expert Advisors for MetaTrader 4 specifically designed for backtesting binary options strategies. The repository provides several robots based on technical indicators like the Stochastic Oscillator and the Relative Strength Index. These tools identify entry signals when indicator values cross def
This repository provides a collection of MetaTrader 4 expert advisors, with a primary focus on the Dreamguy MaCrossMarti system. The EA initiates trades based on fast and slow moving average crossovers, utilizing a long-period moving average for trend filtering. It manages positions through a grid-based approach and ma
Krisha Scalper is an automated trading robot for the MetaTrader 4 platform that identifies potential entry points using ATR and EMA indicators. The expert advisor implements several risk management layers, including percentage-based lot sizing, a maximum loss limit in points, and a trailing step feature. It supports pa
This MetaTrader 4 expert advisor implements a technical trading strategy using Bollinger Bands and the Parabolic SAR indicator. It operates on the M5 timeframe to identify price extremes via Bollinger Bands while utilizing M1 Parabolic SAR for trend confirmation. The robot includes hardcoded logic for specific currency
This collection of MetaTrader 4 expert advisors from 2013 focuses on trend-following and breakout strategies. The primary logic utilizes daily timeframe trend analysis to determine entry points on the five-minute chart. The system manages trades through automated risk controls, including fixed stop losses and a multi-t
Lester John's RSI Trading System is an automated expert advisor for MetaTrader 4. It utilizes a combination of technical indicators, including Bollinger Bands, RSI, MACD, and Momentum, to identify trade entries. The EA executes limit orders based on two primary triggers: a price-momentum-RSI confluence and MACD signal
ETTrading is a collection of MetaTrader 4 expert advisors featuring a primary channel-based scalping robot and several standard indicator-driven strategies including MACD and Moving Average crossovers. The core automated system utilizes a channel formed by moving averages to identify entry points, primarily targeting s
Royalola is an automated trading robot for MetaTrader 4 that utilizes price action data from the five-minute timeframe. The expert advisor monitors recent price highs and lows to identify market entries using internal threshold parameters. It features a lot-sizing mechanism that automatically adjusts position sizes pro
MEAS is a scalping robot for MetaTrader 5 that implements a martingale strategy for financial markets. The expert advisor captures small price movements while managing positions through adjustable stop loss and take profit levels. It provides options for either fixed lot sizes or incremental lot increases based on acco
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 hour, 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 hour. 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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