This MetaTrader 4 expert advisor functions as a manual trading panel for execution and strategy testing. It creates an on-chart graphical user interface with buttons for opening buy and sell positions and fields for defining lot sizes, stop losses, and take profits. The utility provides quick management options to clos
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Expert Advisor Library
1,977 free, open-source expert advisors for MetaTrader 4 and 5, each linked to its source code on GitHub.
Type
Strategy
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
Vela Martillo is a MetaTrader 4 expert advisor that identifies hammer and shooting star candlestick patterns through price action analysis. It evaluates the ratio of candle wicks to the total range using a configurable spike percentage threshold. The robot monitors new bar formations to detect potential reversals and f
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 implements a correlation-based trading strategy focused on the seven major currency groups. It utilizes the Auto Trend Forecaster custom indicator to identify market trends across multiple currency pairs simultaneously. The system monitors the aggregate profit and loss of specific curre
This MetaTrader 4 expert advisor acts as a technical bridge between the trading terminal and external web applications. It captures real-time market data, including bid and ask prices for the active symbol, and transmits this information to a user-defined server via HTTP POST requests in JSON format. The EA is designed
Icarus EA is a MetaTrader 4 robot that executes a grid trading strategy with lot size progression. It opens sequences of trades at fixed intervals and uses a multiplier to scale lot sizes, identifying it as a martingale-style system. Risk controls include an equity warning threshold, a maximum number of concurrent posi
This MetaTrader 4 expert advisor acts as a communication bridge using a socket-based architecture. It provides server and client examples to facilitate message exchange between the terminal and external applications. The tool supports basic command handling, such as retrieving current price quotes via telnet connection
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
This MetaTrader 4 expert advisor implements a neural network approach to trade financial markets. It generates signals by processing Moving Average data through various activation functions, including Sigmoid, TanH, and ReLu. The EA provides standard risk management features such as fixed take profit, stop loss, and a
This MetaTrader 4 expert advisor implements a counter-trend strategy based on RSI trendline breakouts and price prediction indicators. It enters trades when the RSI breaks out of support or resistance lines and manages positions using a grid-based approach. The system layers limit and stop orders at fixed intervals, em
This repository is a collection of MetaTrader 4 expert advisors that focus on technical indicator signals. The primary EA combines four Moving Averages with Bollinger Bands to detect trend alignment and volatility conditions. It features dual-level stop loss and take profit settings, along with filters for Bollinger Ba
This MetaTrader 4 expert advisor implements a basic trend-following strategy using a Simple Moving Average. It triggers buy orders when the current price exceeds the 12-period SMA by a specific point threshold. The system manages risk through a fixed stop loss and a multi-stage trailing stop that adjusts based on favor
This repository contains a collection of Expert Advisors for MetaTrader 4, featuring the Combined Ergodic SSL Channel EA and a MACD-based strategy. The primary EA uses trend-following indicators for entries and provides various order management options, including trailing stops, break-even settings, and position accumu
MtApi Connection Bridge is a technical utility designed to link MetaTrader 4 and 5 terminals with external software environments. It acts as an API gateway using a dedicated DLL to pass commands and data between the platform and a remote application over a specified network port. The expert advisor handles various even
Auto Zone Trader is a MetaTrader 4 expert advisor that automates trade execution based on manually identified price zones and technical candlestick patterns. Users specify potential reversal areas by placing horizontal lines labeled for buy or sell zones on the chart. The robot monitors these levels and triggers an ord
This MetaTrader 4 expert advisor is a trade management tool designed to automate the trailing stop process for existing positions. It monitors open buy and sell orders on the current chart, adjusting the stop loss level based on a user-defined gap. The utility uses a magic number filter to target specific trades or can
Arbitrage Expert is a MetaTrader 4 expert advisor that focuses on a zone recovery hedging strategy rather than traditional arbitrage. Based on the OGT Zone Recovery system, it manages trades by opening counter-positions within a defined price zone when an initial trade goes into drawdown. The system employs a lot multi
This MetaTrader 4 expert advisor uses a simple perceptron neural network to identify market entry and exit points. The system evaluates price action through four adjustable weight parameters to generate signals and includes a reversal mechanism for active positions. Risk management is handled through a fixed stop loss
Sniper Profit is a MetaTrader 4 management utility that monitors aggregate floating profit and loss across all open positions. It utilizes a trailing take profit mechanism that activates once a specific equity trigger is reached, allowing the total basket profit to trail by a set distance. The tool includes risk manage
Swift Trader is a manual trading utility for MetaTrader 4 that assists users in executing trades using visual chart objects. It creates horizontal lines representing entry, stop loss, and take profit levels, allowing traders to position their orders graphically. The tool includes risk management features such as fixed
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
Wise Chaos Crypto is an automated trading robot for MetaTrader 4 designed primarily for cryptocurrency markets. It utilizes elements of Bill Williams' Chaos theory, specifically the Alligator indicator and Fractals, to identify entries and manage exits. The system scans a user-defined number of bars for divergent price
This MetaTrader 4 expert advisor functions as a semi-automatic trading assistant designed to automate lot sizing and position management. It calculates position sizes based on the user account balance, a target interest rate, and a specific pips distance. The tool provides manual execution buttons for immediate buy and
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
MT4 Common Functions Library is a developer-focused utility framework for the MetaTrader 4 platform. It provides a collection of encapsulated helper functions designed to simplify common programming tasks in MQL4. The primary functionality involves a flexible file management system capable of creating, reading, and app
This collection of MetaTrader 4 expert advisors serves as a practice environment for MQL4 development. The scripts primarily focus on moving average crossover logic, utilizing 50-period Simple Moving Average and 15-period Exponential Moving Average indicators. Additionally, the code implements swing high and low detect
This MetaTrader 4 expert advisor monitors tick volume patterns to identify periods of increasing market activity. It analyzes the volume of the four most recent candles, triggering signals when volume increases consecutively over four bars. Upon detection, the EA generates a terminal alert, displays a message box, and
This repository provides sample Expert Advisors for MetaTrader 4 and 5, focusing on a Donchian Channel breakout system. The robot identifies entries based on price breaking through the highest high or lowest low of a defined lookback period. Risk management is handled through percentage-based stop losses, take profits,
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 4 expert advisor is a trade management utility designed to automate break-even adjustments for open positions. It monitors active trades and moves the stop loss to a locked-in profit level once the market reaches a specified distance in pips. The tool supports managing up to three distinct trade targets
The X-15 Framework is a modular development template for creating MetaTrader 4 expert advisors. It serves as a foundation for programmers to build custom trading systems by providing pre-built modules for order management, signal processing, and trade filters. The included template features standard risk management con
This MetaTrader 4 expert advisor implements a grid-based averaging strategy known as Nampin. The robot monitors open buy and sell positions, calculating aggregate lot sizes and floating profits. It uses a fixed lot multiplier of 1.5 to scale positions when the market moves against the initial trade by a set span. The s
This repository contains a collection of MetaTrader 4 expert advisors, primarily focused on grid and martingale strategies. The featured Ilan-TrioKS system uses automated lot scaling with a multiplier to manage series of trades. It opens positions at fixed pip intervals and aims to exit the entire basket at a calculate
This MetaTrader 4 expert advisor implements a zone-based hedging strategy using predefined price levels. The robot monitors specific price thresholds—defined as ceiling, middle, and floor—to manage order entries. It utilizes a timer-driven event system to evaluate trade conditions and manage positions. Risk control is
This MetaTrader 4 expert advisor automates binary options trading for the Intrade.bar broker. It functions as a signal generator and bridge, utilizing a dual Bollinger Band strategy to identify entry points. The EA communicates with an external C++ console application via a named pipe to execute trades through a REST A
This MetaTrader 4 expert advisor implements a trading strategy centered on the Money Flow Index (MFI) indicator. It opens buy positions when the MFI crosses below a user-defined threshold and sell positions when it crosses above a threshold. To manage losing trades, the EA employs a martingale-style lot scaling mechani
This expert advisor for MetaTrader 4 executes trades based on the Relative Strength Index indicator. It enters long positions when the RSI period 14 crosses below the 30 level and short positions when it rises above 70. The robot maintains a simple logic of managing a single trade at a time with a fixed volume of 0.10
Xurya Algorithmic Trading is a collection of MetaTrader 4 expert advisors centered on breakout strategies and volatility analysis. The primary EA uses a breakout mechanism with entries filtered by price action across a defined number of bars. It features risk controls including fixed percentage lot sizing based on acco
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
Account Recorder is a utility for MetaTrader 4 and 5 that exports trading transactions and account metrics to external SQL databases via the ODBC interface. It supports MySQL, PostgreSQL, and SQLite, enabling users to maintain an auditable, platform-agnostic history of their trading activity. The tool records account s
Inside Bar Momentum is a MetaTrader 4 expert advisor that identifies and trades candlestick breakout patterns. The robot scans for inside bar formations, where a candle is completely contained within the previous candle's price range. It uses a stochastic oscillator to filter momentum, requiring specific overbought or
TeGi is a manual trading panel and management utility for MetaTrader 4 that bridges local trade execution with Telegram groups or channels. It allows users to open buy or sell orders with predefined stop loss and take profit levels while automatically broadcasting trade signals and screenshots to a connected bot. The e
Cuckoos MT4 is a notification expert advisor for MetaTrader 4 that bridges account activity to Discord via webhooks. This utility monitors the trading account and sends automated updates whenever the total number of open orders changes or during initialization. The messages delivered to Discord contain detailed account
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.
This repository contains a collection of MetaTrader 4 programs, including expert advisors, indicators, and scripts. The provided files appear to be utility tools rather than automated trading robots, with names suggesting functions for account monitoring, folder management, and time-based tasks. The project provides mi
This MetaTrader 4 expert advisor implements a mean-reversion strategy using the Relative Strength Index. It monitors for overbought conditions above 70 and oversold conditions below 30 to trigger trade entries. When a signal occurs, the EA clears existing pending orders of the opposite type and places a batch of thirty
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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