A collection of MetaTrader 4 expert advisors centered around trend-following strategies using standard technical indicators. The primary logic utilizes MACD signal line crossovers filtered by moving average trends to identify entry points. Risk management is handled through fixed lot sizing, predefined take profit leve
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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
Trading robot 247Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 9Collection 155Utility 4
Strategy
This repository provides a specialized framework and example expert advisors for developing Renko-based trading systems on the MetaTrader 5 platform. It includes a dedicated MQL5 header library that simplifies integration with the Median Renko indicator bundle. The framework handles the acquisition of chart settings au
This repository provides a collection of expert advisors for the MetaTrader 5 platform, primarily utilizing the standard MQL5 library components. The main expert advisor, ExpertMAPSARSizeOptimized, generates trade entries based on Moving Average crossovers and manages exits using a Parabolic SAR trailing stop. It inclu
This MetaTrader 4 repository contains a collection of basic expert advisors designed around standard technical indicators. It includes automated strategies for MACD crossovers, moving average crossovers, and mean-reversion setups using Bollinger Bands, RSI, and Stochastic oscillators. Each individual robot executes tra
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 repository contains a collection of MetaTrader 4 expert advisors and utility scripts for the Forex market. The primary expert advisor combines ADX momentum, Stochastic oscillators, and candlestick patterns, such as Doji and Engulfing candles, to identify trade entries. It features automated lot sizing based on acc
This repository is a collection of expert advisors for the MetaTrader 5 platform, featuring several trend-following and indicator-based strategies. It includes implementations for MACD crossovers, Moving Average crosses, and Parabolic SAR logic. The experts provide standard trade management features such as fixed lot s
This MetaTrader 4 repository contains a collection of trading systems, primarily featuring the Gold Digger expert advisor. The main strategy identifies entry points using multiple Bollinger Band deviation levels filtered by RSI and Stochastic oscillators. It is designed for mean-reversion or trend reversal setups, util
Parallel Strategies is a multi-strategy expert advisor for MetaTrader 4 that executes four independent trading systems concurrently. These systems include moving average crossovers, MACD breakouts, Heiken Ashi signals, and a combined Heiken-MACD approach. Each strategy operates with its own magic number for distinct ma
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
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
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
Double MA ADX is a MetaTrader 4 expert advisor that automates trading based on the relationship between two Linear Weighted Moving Averages and the Average Directional Index. The strategy uses ADX values to filter for trend strength before entering positions during a specific intraday time window. It utilizes a trailin
This MetaTrader 4 expert advisor executes trades based on a trend-following system using four Simple Moving Averages and a custom indicator. It identifies entry points when price interacts with a specific sequence of moving averages (25, 75, 100, and 200 periods) while confirming the trend direction. Risk management is
Simple MA Crossover is a MetaTrader 4 expert advisor that executes trades based on the intersection of two moving averages. It enters long or short positions when the fast moving average crosses the slow moving average, while simultaneously closing any open trades in the opposite direction. Users can configure the peri
Vforce EA is a versatile trading robot for MetaTrader 4 that utilizes a wide array of technical indicators to identify entry points. It integrates Stochastic, RSI, ADX, MACD, and Bollinger Bands, allowing traders to enable or disable specific signals via input parameters. The system manages risk through fixed lot sizin
This MetaTrader 5 expert advisor executes trades based on the crossover of two moving averages. It allows users to define periods for both long and short averages and select the calculation method, such as Exponential Moving Average. The EA includes internal time management, allowing for specific start and end times pl
This MetaTrader 5 expert advisor implements a classic dual moving average crossover strategy. It tracks two Simple Moving Averages with configurable fast and slow periods to determine trade entry and exit points. The robot checks for signals every 15 seconds via a timer function rather than on every price tick. Users c
This repository is a collection of legacy MetaTrader 4 expert advisors and code snippets. The library includes several distinct trading robots such as The Puncher, SmallDog, and the KMB series. These programs generally employ technical indicators to identify entry points and manage positions using configurable paramete
No Brainer is a MetaTrader 4 expert advisor that utilizes a triple Exponential Moving Average crossover strategy to identify market trends. It incorporates a Standard Deviation filter to assess volatility, determining if market conditions are suitable for trading. The EA manages risk through user-defined stop loss and
This MetaTrader 4 expert advisor automates trading using the Ichimoku Kinko Hyo indicator with hardcoded period settings for the Tenkan-sen, Kijun-sen, and Senkou Span B. It identifies trend-based entries and manages positions using a currency-specific risk module. The robot applies fixed stop loss and take profit valu
This collection for MetaTrader 4 features automated trading systems focused on trend following and indicator-based entries. The primary expert advisor identifies market direction by monitoring price channels and extrema over a set depth. It includes a moving average crossover strategy and a dedicated robot for gold mar
This MetaTrader 4 expert advisor collection consists of several experimental trading scripts, including trend-following and peak-detection strategies. The primary EA uses a custom trending indicator to categorize the market into specific zones based on user-defined threshold levels. It automatically opens or closes pos
This repository contains a collection of MetaTrader 4 Expert Advisors and helper classes for algorithmic trading. The featured robot, Desiree, implements a breakout strategy based on Donchian Channels for both entries and exits. It incorporates comprehensive risk controls including percentage-based lot sizing, volatili
This MetaTrader 4 expert advisor executes trades based on the Average Directional Index (ADX) and Directional Movement Index (DMI) indicators. Developed as part of a study group, the robot identifies trend strength and direction to automate market entries. A key feature is its risk management logic, which utilizes Bill
This MetaTrader 4 repository contains a collection of expert advisors based on common technical indicators. The primary expert advisor, Kernsy HA Swing, utilizes Heiken Ashi candles alongside a Simple Moving Average to determine the prevailing trend and uses a Stochastic oscillator for entry signals. Other robots in th
This MetaTrader 4 expert advisor executes trades based on a combination of Exponential Moving Averages, MACD, and Heiken Ashi indicators. It features a zone recovery system designed to manage trades that move against the initial position by utilizing offsetting orders. Risk management is handled through configurable ta
A trend-following robot for MetaTrader 4 that utilizes dual Hull Moving Average (HMA) indicators and Heiken Ashi candle analysis to identify market direction. The expert advisor enters trades based on price patterns and candle color sequences, confirmed by HMA trend periods. Risk management features include fixed stop
This repository contains a collection of MetaTrader 4 expert advisors, featuring standard technical indicator samples such as the MACD and Moving Average robots provided by MetaQuotes. The MACD expert employs a combination of indicator crossovers and an Exponential Moving Average trend filter for trade entry signals. R
This MetaTrader 4 repository hosts a collection of expert advisors, including the standard MACD Sample robot and several specialized EUR-focused scripts. The primary MACD EA identifies entries using MACD histogram crossovers with the signal line, filtered by an Exponential Moving Average trend period. Trade management
This MetaTrader 4 expert advisor automates a session-based trading strategy focused on the New York quiet period. It captures a reference price during a specific late-afternoon window and triggers trades when the market deviates by a set number of pips. The robot utilizes a moving average crossover and an ATR filter to
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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