This MetaTrader 4 expert advisor is a scalper designed for the five-minute timeframe across several Forex pairs. It utilizes three strategies based on overbought and oversold market conditions to execute trades. Risk management features include a fixed hard stop loss, a virtual take profit and stop loss derived from an
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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
Trading robot 94Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 1Collection 29Utility 4
Strategy
This expert advisor for MetaTrader 4 focuses on gold trading using daily price extremes and moving averages. It calculates the 7-day Simple Moving Average and identifies the highest price points from the previous five trading days to determine market direction. The EA executes its logic on a five-second timer interval
Spike Trader is a price action robot for MetaTrader 4 and 5 that identifies price spikes to trade market reversals. It monitors candle highs or lows relative to preceding bars and requires a specific percentage price jump and candle close position to trigger an entry. The EA enters trades in the opposite direction of t
This repository contains a collection of MetaTrader 4 expert advisors and utilities primarily focused on breakout and trend-following strategies. The featured EA, ttnFullTurtle, implements the classic Turtle Trading rules using dual breakout systems, ATR-based position sizing, and pyramiding logic. It includes risk con
Heiken Ashi Naive is a trading robot for MetaTrader 4 and 5 that executes trades based on Heiken Ashi candle characteristics, including body length and wick presence. It evaluates candle sequences to enter positions and can be configured to either follow the trend or operate in an inverted mode for mean-reversion. Risk
Ubot is an automated trading system for MetaTrader 4 that utilizes the Traders Dynamic Index (TDI) indicator to execute market entries. It identifies specific technical patterns described as sharkfin and squeeze setups to determine trend direction and volatility. The expert advisor features advanced trade management to
This MetaTrader 4 repository contains a collection of expert advisors developed for the Eingana social trading project. It features multiple strategies, including a Keltner Channel-based mean-reversion system for pairs like EURNZD and EURAUD, alongside a EURUSD scalper. The robots typically enter trades when price acti
Persistent Anti is a technical expert advisor for MetaTrader 4 and 5 that attempts to exploit the statistical persistence or anti-persistence of price trends. It analyzes a user-defined number of historical candles to determine if the market is currently repeating or reversing its previous directional movements. The ro
SR Expert is a MetaTrader 4 robot that executes trades based on price reversals at support and resistance levels. It determines key levels by analyzing daily high and low price data to calculate dynamic trading intervals. The expert advisor features automated position sizing calculated as a percentage of the account ba
This MetaTrader 4 expert advisor automates trading by combining the Relative Strength Index (RSI) with Ichimoku Kumo signals. It scans every instrument listed in the Market Watch window to identify entries across multiple pairs simultaneously. The robot includes a built-in spread filter to avoid high-cost executions an
A notification utility for MetaTrader 4 that monitors multiple technical indicators to generate trade alerts. It tracks moving average crossovers, specifically the 50 and 200 periods, along with Relative Strength Index levels, Bollinger Band breakouts, and MACD confirmations. Users can configure the tool to send notifi
This MetaTrader 4 expert advisor implements a reversal and trend-following strategy based on SOMAT3 and IRC Triplets indicators. It evaluates price action across consecutive bars to identify entries and offers an optional trend filter for signal validation. The system manages risk using fixed lot sizing, initial stop l
This MetaTrader 4 expert advisor is designed for gold scalping using a combination of Relative Strength Index and Exponential Moving Average indicators. It identifies entry points when momentum reaches specific overbought or oversold thresholds while considering moving average trends. The system manages risk through fi
This repository contains two MetaTrader 4 expert advisors that automate trading based on Bollinger Bands and the Relative Strength Index. One version uses only Bollinger Bands, while the second combines them with RSI to filter entries. The logic enters positions when price crosses specific outer bands and exits based o
Three Bar Play EA is a MetaTrader 4 robot designed for scalping based on three-bar price action patterns, specifically confirmations and reversals. The system manages risk by limiting execution to three trades per day and calculating position sizes based on a 2% account balance risk model. Upon identifying a setup, it
PR Pivots Expert Advisor is a technical tool for MetaTrader 4 that calculates and displays daily pivot points on the chart. Using price data from the previous trading day, including high, low, and close values, it plots the central pivot level along with three resistance and three support levels. The software uses grap
This repository provides a collection of educational resources and templates for developing MQL4 applications on MetaTrader 4. It includes a mean-reversion expert advisor based on Bollinger Bands, which enters trades when price breaches specific deviation levels. The strategy incorporates automated risk management by c
This expert advisor for MetaTrader 4 implements a mean reversion strategy primarily targeted at the GBPUSD pair. It automates trade execution by identifying price patterns and entering positions with predefined risk parameters. The bot manages exits through a hard stop loss, a target take profit based on a user-defined
This MetaTrader 4 expert advisor executes trades based on momentum oscillators, trend filters, and price action patterns. It utilizes a Stochastic oscillator alongside multiple Exponential Moving Averages to identify entry points in alignment with the prevailing trend. The logic incorporates candlestick analysis, speci
This collection for MetaTrader 4 contains over eighty expert advisors and scripts primarily focused on Bollinger Band breakout strategies. The repository includes numerous variations for fixed lot sizes and specific money management settings. The included logic covers price action relative to moving averages and volati
This MetaTrader 4 collection contains automated trading systems developed by the MQL UZ team, focusing on technical analysis strategies. The primary expert advisor, Fibonacci Djamoliddin, identifies market entries using Fibonacci retracement levels and chart objects. It includes basic risk management features such as f
This MetaTrader 4 expert advisor implements a mean-reversion strategy using Bollinger Bands. It monitors for price action that closes outside the bands and subsequently returns within them. The robot places pending buy stop or sell stop orders at the high or low of the signal candle to capture the retracement. It featu
This repository contains a collection of MetaTrader 4 expert advisors developed for educational purposes and backtesting practice. It features several distinct trading strategies, including moving average crossovers, stochastic counter-trend setups, and pending order breakouts. The included scripts demonstrate essentia
This MetaTrader 4 expert advisor automates trading using a combination of trend-following and mean-reversion indicators. It executes trades based on the crossover of two Exponential Moving Averages, filtered by Relative Strength Index levels and Bollinger Band boundaries. The robot enters a position when an EMA crossov
Simple Bot is an automated trading robot for MetaTrader 4 that utilizes Bill Williams Fractals and the Relative Strength Index to execute trades. The system monitors the one-minute timeframe for fractal formation while using daily RSI values as a filter for entry. It includes built-in risk management features such as f
Falcon R is a rule-based expert advisor for MetaTrader 4 designed to identify and trade within ranging market conditions. It utilizes a combination of Keltner Channels and Moving Averages to determine entry points. The robot provides extensive trade management options, including fixed or volatility-based stop loss and
This MetaTrader 4 collection provides several scripts designed to analyze price action and candlestick patterns. It includes modules for moving average crossovers, Bollinger Bands, and a specialized candlestick analysis tool. The software identifies specific formations such as hammers, dojis, and engulfing candles by c
An automated trading system for MetaTrader 4 specifically designed for gold (XAUUSD) on the M5 timeframe. It features two core strategies: trend continuation and price pullbacks. The expert advisor utilizes a dual exponential moving average framework for direction and ATR for volatility filtering. Risk management is ha
Edelweiss EA is an educational trading robot for MetaTrader 4 that utilizes a multi-indicator framework to generate buy and sell signals. It combines exponential moving averages, stochastic oscillators, the awesome oscillator, ADX, and Bollinger Bands to identify market entries. Trade management includes dynamic ATR-ba
Falcon D is a MetaTrader 4 expert advisor designed for the H1 timeframe, focusing on price retracement entries filtered by technical indicators. It opens positions when price deviates significantly from the daily start point in opposition to the established trend. The system incorporates filters including a long-period
This Expert Advisor for MetaTrader 4 executes trades based on the confluence of Relative Strength Index levels and Moving Average crossovers. It enters long positions when the RSI is oversold and a fast exponential moving average crosses above a slow one, and short positions when the RSI is overbought during a downward
This MetaTrader 4 repository contains a collection of expert advisors and utilities. The primary robot, Up and Down Trader, employs a Fisher-style transformation of price action to identify entry points across three different trading modes. It features a spread filter to avoid trading during illiquid conditions and all
This MetaTrader 4 expert advisor implements a mean-reversion strategy using Bollinger Bands and the Relative Strength Index (RSI). Intended as an educational starting point for programmers, it enters trades when the price crosses specific standard deviation bands while RSI confirms overbought or oversold conditions. Th
This repository offers a collection of MetaTrader 4 expert advisors focused on technical indicator triggers and price action. The suite includes tools for trading moving average crossovers, ADX momentum, and Stochastic oscillators. A dedicated EA identifies specific candlestick patterns such as Three White Soldiers and
Wealth Protector is a MetaTrader 4 expert advisor designed for automated trading using technical indicators. It combines price envelopes and ZigZag parameters to determine market entries and exits. While described by the author as a scalping tool, it is specifically configured for use on the daily timeframe. The system
This MetaTrader 4 expert advisor automates trading using Stochastic Oscillator signals. It allows for the confluence of up to three separate Stochastic indicators, potentially across different timeframes, to determine entry points. Trades are triggered by line crossovers or when the indicator reaches user-defined overb
Tre Boll Trend is a MetaTrader 4 Expert Advisor designed to identify and trade market trends using multi-timeframe Bollinger Band analysis. The system processes data from timeframes ranging from five minutes to one day, calculating advanced metrics such as price velocity, acceleration, and standard deviation. It monito
Open Expert Advisor is a mean-reversion trading robot for MetaTrader 4, primarily designed for Swiss Franc pairs such as EURCHF. It executes trades based on overbought and oversold price levels, specifically during the transition at the end of the New York trading session. The system manages risk through adjustable lot
This MetaTrader 4 expert advisor is designed specifically for the EURUSD pair, focusing on price surge detection and subsequent pullback entries. It identifies significant volatility using ATR and candlestick body ratios, entering trades during correction phases. The robot incorporates multi-timeframe analysis across M
This MetaTrader 4 expert advisor implements a cumulative profit strategy based on support and resistance levels. The system identifies potential trade entries by analyzing historical price extremes over a defined lookback period while excluding recent price action. It manages trade exits collectively, closing the entir
This MetaTrader 4 expert advisor implements a multi-strategy approach for trading various currency pairs and gold. It combines technical indicators including Moving Averages, RSI, Bollinger Bands, and ADX with price action concepts such as support, resistance, and engulfing patterns. The EA features risk management too
This repository contains a collection of Expert Advisors and trading tools developed for the MetaTrader 4 platform. It features multiple standalone scripts implementing classic technical strategies, including Ichimoku Cloud trend following, Moving Average crossovers, and momentum-based entries using RSI or MACD. The Ex
HFT V1 is a MetaTrader 4 expert advisor designed to execute trades based on historical data analysis. The robot calculates dynamic price levels, including mid-lines and breath levels, by evaluating a minimum threshold of previous account history. It manages risk through fixed stop loss and take profit settings, with lo
This repository contains a collection of MetaTrader 4 and MetaTrader 5 tools, including automated trading robots and technical utilities. The primary expert advisor features a hybrid system that supports both straddle and fade execution modes. It provides built-in risk management via stop loss, take profit, trailing st
Ray Scalper is an automated expert advisor for MetaTrader 4 that uses technical indicators to trade both trend-following and counter-trend strategies. It monitors Bollinger Bands, Moving Averages, and Stochastic crossovers to trigger entries. The robot allows users to toggle between trend and anti-trend modes and inclu
Gordon Day Trading is a MetaTrader 4 expert advisor designed for automated intraday trading. It combines signals from multiple Exponential Moving Averages, the Relative Strength Index, and Bollinger Bands to determine trade entries. The software includes visualization features for Fibonacci levels and unretraced zones
This MetaTrader 4 expert advisor uses a mean-reversion approach based on a long-period Exponential Moving Average on the M5 timeframe. It opens a single buy position when the previous candle closes below the 1000-period EMA and a sell position when it closes above. The EA includes standard risk controls such as fixed l
Pivot Point EA is an automated trading robot for MetaTrader 4 that utilizes daily pivot points to identify potential support and resistance levels. The system calculates these levels at the start of each day and monitors price proximity to execute trades based on bounces or breakouts. It includes built-in risk controls
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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