Ashutosh Khemka EA is a trend-following robot for MetaTrader 5 that uses an exponential moving average to generate trading signals. It operates within a defined daily session, featuring configurable start and end times for new entries, as well as an automatic close time for open positions. Risk controls include fixed t
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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
Trading robotTrade manager 2Risk & protectionNews tradingCopier & bridge 1Framework & template 19Collection 242Utility 9
Strategy
Barekat Expert is a MetaTrader 4 robot that executes trades based on a combination of technical indicators. It utilizes two ZigZag indicators for price action analysis, a Simple Moving Average for trend filtering, and the Relative Strength Index and Stochastic oscillators for momentum confirmation. The system manages e
This MetaTrader 5 expert advisor provides an automated trading system designed for Forex, Bitcoin, Gold, and various indices. It employs technical analysis filters including RSI levels and Moving Average price distance to identify entries. Risk management features include flexible lot sizing based on account equity or
This MetaTrader 5 expert advisor is designed specifically for trading XAUUSD. It utilizes a combination of the Average Directional Index (ADX) for trend strength, Relative Strength Index (RSI) for momentum, and two Simple Moving Averages for trend direction. The system uses multi-timeframe analysis, specifically checki
Trend Observation EA is an automated trading robot designed for the MetaTrader 5 platform. It identifies market trends using the Aroon indicator to generate entry and exit signals. The system executes trades based on trend direction and incorporates standard risk controls, including user-defined fixed lot sizes, stop l
This MetaTrader 4 expert advisor is an educational tool designed as part of a YouTube tutorial series. It executes a trend-following strategy by combining moving average crossovers with the Aroon indicator for trend confirmation. The EA opens positions when price conditions align across both indicators and manages exit
This MetaTrader 4 expert advisor executes trades based on candle momentum and specific trigger factors. It manages positions using virtual trailing stop-loss and take-profit levels, alongside a global profit target that halts trading once a predefined financial goal is met. The system includes logic for multi-symbol tr
Phantom Edge is a MetaTrader 5 expert advisor primarily designed for trading BTCUSD. It identifies entries using a combination of technical indicators, including RSI, MACD, and SMA, while validating setups through multi-timeframe analysis of M15 liquidity sweeps and M30 trend breaks. The EA features comprehensive trade
This MetaTrader 5 expert advisor implements a moving average crossover strategy specifically designed for XAUUSD on the M15 timeframe. It utilizes a short-period SMA and a long-period SMA to identify potential entries. A unique filter requires the distance between the two moving averages to exceed a defined threshold b
Church Builder is an automated trading robot for MetaTrader 5 that executes trades based on Smart Money Concepts, specifically targeting Fair Value Gaps. It identifies price gaps within specific point ranges and waits for breakouts to enter positions, provided the market trend aligns with a Simple Moving Average. The e
Ajip 3 EA is a MetaTrader 5 robot designed to trade trends identified by a 200-period Simple Moving Average. It monitors price action across two timeframes, typically using M15 for trend identification and M1 for execution. The strategy involves opening multiple layers of positions based on candle breaks, categorized i
This MetaTrader 5 expert advisor implements a multi-strategy approach based on price action and market structure concepts. It utilizes higher timeframe trend identification via a 200-period Simple Moving Average and seeks entry points on lower timeframes using a 50-period SMA and support or resistance levels. The logic
This MetaTrader 4 expert advisor is designed for XAUUSD trading using a combination of technical indicators and price action. It enters trades based on several toggleable strategies, including Moving Average crossovers, MACD, Support/Resistance levels, and Bullish/Bearish Engulfing patterns. The EA manages risk through
EA MultiStrategy Advanced is an automated trading robot for MetaTrader 5 that integrates technical analysis with machine learning models. It utilizes a combination of RSI, Bollinger Bands, and Moving Average crossovers alongside LSTM-based deep learning signals to identify market patterns. The system features rigorous
This MetaTrader 4 expert advisor implements a trend-following strategy based on the alignment of Simple Moving Averages. It utilizes a fast period of 30 and a medium period of 50 to determine entry signals, with logic for a third slow moving average present but partially commented out. The robot executes trades with fi
Ubot is an automated trading robot for MetaTrader 4 that utilizes technical analysis to execute market orders. It incorporates specific strategy patterns such as Sharkfin and Squeeze logic, likely based on the included Traders Dynamic Index library. The EA features comprehensive trade management including trailing prof
This MetaTrader 5 expert advisor automates a strategy based on Smart Money Concepts (SMC) with a focus on order blocks. The system utilizes dual Simple Moving Averages on the H1 timeframe to filter for the prevailing trend while monitoring 15-minute price action. It identifies supply and demand zones represented by cha
Krsna Daily EA for MetaTrader 5 is an automated trading robot that executes trades based on price action patterns of custom-defined daily candles. Users can set a specific starting hour for the trading day, and the EA plots visual candle overlays on the chart. It places buy or sell limit orders at specific retracement
This MetaTrader 5 expert advisor utilizes a modular architecture to automate trading using technical indicators. It generates entry signals by combining the Waddah Attar Explosion model with a Double Exponential Moving Average (DEMA) system. For risk management, the EA calculates stop loss levels based on Average True
This MetaTrader 5 expert advisor identifies market entries using a moving average signal within the standard MQL5 framework. The robot evaluates price relative to a simple moving average, triggering trades when a specific threshold is met. Users can configure lot sizing as a fixed volume or a percentage of the account
High Frequency Stocks is an automated trading robot for MetaTrader 5 focused on identifying long-entry opportunities. The EA monitors multiple timeframes from weekly down to thirty-minute charts to confirm upward price direction and increasing volume. It specifically searches for entries within ranges of interest, such
This MetaTrader 4 expert advisor is designed specifically for trading Gold (XAUUSD) on the H4 timeframe. It employs a combination of technical indicators, including the Relative Strength Index (RSI), Stochastic Oscillator, and Ichimoku Kinko Hyo. The strategy monitors overbought and oversold levels while using the Ichi
This MetaTrader 5 expert advisor executes trades based on various moving average price indicators. It is built as a modular component for the EA31337 framework and supports multiple calculation methods, including simple, exponential, adaptive, and fractal moving averages. The robot allows users to enable or disable spe
Average Scalper is a MetaTrader 4 expert advisor designed for trend-following strategies based on moving average levels and volatility ranges. It uses a 50-period Exponential Moving Average to determine market direction, initiating buy orders when the price is above the line and sell orders when below. Risk management
This MetaTrader 5 expert advisor implements a trend-following strategy based on price position relative to a moving average. It initiates buy orders when a candle closes above the moving average and sell orders when it closes below. Risk management is handled through several configurable parameters, including fixed tak
MA CrossFlow Trader is a trend-following expert advisor for MetaTrader 5 that executes trades based on the crossovers of multiple simple moving averages. The robot monitors several SMA periods, including the 10, 50, 100, 150, and 200, to identify trend shifts. It specifically enters buy or sell orders on the third cand
This MetaTrader 5 expert advisor implements a trend-following strategy by combining several technical indicators. It utilizes a 50-period Exponential Moving Average for trend direction, alongside the Relative Strength Index, MACD, and Average True Range for entry signals. The system includes a hardcoded risk management
Khai Nui HFT is a trend-based trading robot for MetaTrader 4 that enters positions using Moving Average analysis. Users can configure the expert advisor to follow the prevailing trend or execute counter-trend trades by adjusting the trend toggle. It manages risk through fixed stop loss points and a trailing stop mechan
This MetaTrader 5 expert advisor is a development project that utilizes the MACD indicator and an Exponential Moving Average to execute trend-based trades. It enters positions when the price aligns with the EMA trend and a MACD crossover signal occurs. The EA automates risk management by calculating lot sizes based on
This MetaTrader 5 expert advisor executes trades based on the interaction between Bill Williams Fractals and an Exponential Moving Average filter. It monitors the market for fractal signals, entering buy orders when a lower fractal forms while price remains above the 50-period EMA. Conversely, it enters sell orders whe
The Forever Free EA is a MetaTrader 5 trading robot designed for forex and indices. It employs a grid strategy that can be configured with martingale or fixed lot increments. The system utilizes dual magic number engines to manage separate trade streams and includes a trend mode to align entries with market direction.
This MetaTrader 5 expert advisor implements a technical trading strategy based on the Bill Williams Alligator indicator and Bill Williams Fractals. It also incorporates a 50-period Exponential Moving Average for additional trend filtering. The robot enters trades based on price action relative to these indicators, spec
This automated expert advisor for MetaTrader 5 is specifically designed for the GBPJPY currency pair. It utilizes a breakout strategy based on psychological key price levels, which are adjustable in the settings. The bot filters entries using two Simple Moving Averages and the Average Directional Index to confirm trend
This expert advisor for MetaTrader 4 executes trades based on the Rank Correlation Index (RCI) indicator. It utilizes three distinct calculation periods—short, medium, and long—to identify market entries. The robot manages risk through configurable limit and stop loss offset parameters, allowing for specific exit point
Candle Moving Average Day Trade is a MetaTrader 5 expert advisor designed for automated intraday trading. The strategy uses an Exponential Moving Average (EMA) to determine market direction, triggering entries based on a specific number of candlesticks closing above or below the average. It features a tiered position s
MA Twister is a trend-following expert advisor for MetaTrader 5 that automates trade execution based on a triple moving average crossover strategy. It monitors three distinct moving average periods to identify bullish or bearish momentum. The bot includes specialized risk controls for prop firm challenges, such as dail
A trend-following trading robot for MetaTrader 5 that utilizes technical indicators and recovery lot scaling. It generates entry signals using a combination of the SuperTrend indicator, Exponential Moving Averages (EMA), and ADX filters. The expert advisor features a martingale-style lot multiplier that increases posit
This MetaTrader 5 expert advisor implements an automated reversal strategy centered on the Doji candlestick pattern. It utilizes a 200-period Exponential Moving Average to filter trend direction and the Relative Strength Index to identify overbought or oversold conditions for entry confirmation. The EA manages risk thr
This MetaTrader 4 expert advisor automates a trend reversal strategy based on price action patterns and technical indicator filters. It identifies potential entry points using ZigZag, MBFX, and SMA indicators, specifically targeting reversals or pinbars at key support and resistance levels. The software includes a mult
This MetaTrader 5 expert advisor implements an automated trading strategy based on Heikin Ashi candle patterns and the Relative Strength Index. It utilizes custom indicator handles to monitor trend direction and detect potential bullish divergence. The EA includes internal logic for percentage-based risk management, al
This MetaTrader 4 expert advisor implements a trend-following strategy based on a dual Exponential Moving Average crossover. It is designed for higher timeframes such as H1, H4, and Daily charts. The robot manages trade entries via the crossover and exits positions using a combination of a fixed take profit and a trail
This MetaTrader 4 expert advisor implements a momentum-based trading strategy combined with reinforcement learning components. The robot enters buy positions when the current price exceeds the previous close and sell positions when it falls below, while simultaneously closing any opposing orders. It features a visual o
This MetaTrader 5 expert advisor automates the Setup 9.1 trading strategy developed by Larry Williams. It utilizes an exponential moving average, typically the nine-period EMA, to enter trades based on trend direction and candle closures. The robot manages active positions through take-profit targets, break-even trigge
This MetaTrader 4 expert advisor executes trades based on price momentum at the start of every new candle on timeframes below daily. It identifies potential entries by comparing the current candle's close to the previous close, automatically closing existing opposing positions to reverse direction. The bot utilizes a v
This MetaTrader 5 expert advisor executes trades based on a technical strategy combining dual Moving Averages, Bollinger Bands, and the Parabolic SAR indicator. It identifies entries using indicator confluence and provides built-in risk controls including fixed stop loss, take profit, and a trailing stop mechanism. The
This MetaTrader 5 expert advisor implements a trend-following strategy using the Average Directional Index and an Exponential Moving Average. It monitors trend strength through ADX values and executes entries based on the relationship between price and the moving average combined with directional indicator signals. The
This MetaTrader 4 expert advisor implements a trend-following strategy based on the alignment or crossover of three distinct moving averages. Users can configure the period, method, and price source for fast, medium, and slow averages. The robot manages risk using dynamic stop loss and take profit levels calculated fro
This MetaTrader 5 expert advisor utilizes a trend-following strategy combining the MACD indicator with a 200-period Exponential Moving Average. It is designed to monitor and trade multiple forex pairs simultaneously from a single chart. The robot incorporates advanced money management, including ATR-based stop loss and
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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