This repository features a collection of trading tools for MetaTrader 5 and 4, headlined by a comprehensive Trade Manager EA. This manager enables manual execution via keyboard shortcuts and provides automated risk controls, including ATR-based break-even settings and trailing stops. The collection also offers strategy
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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 24Trade manager 1Risk & protectionNews trading 2Copier & bridgeFramework & templateCollection 23Utility 2
Strategy
This repository features a diverse collection of expert advisors and trading utilities for MetaTrader 4 and MetaTrader 5. It includes automated robots based on trendline analysis, session breakouts, and technical indicator crossovers using MACD, RSI, and Williams Percent Range. The library provides various tools for ri
This utility for MetaTrader 4 and 5 automates trade execution based on trader-defined chart patterns. Users draw trendlines, horizontal lines, or channels, which the expert advisor monitors to place pending breakout orders. It handles trade entries, stop losses, and take profits according to specific object naming conv
This repository contains a collection of MetaTrader 4 expert advisors, including the Ariel Turtle Bot and several named variants like Elisa, Cary, and Faith. The primary logic utilizes Donchian Channel breakouts combined with Simple Moving Average filters to identify trend-following entries. The software includes compr
Parallel Strategies is a MetaTrader 4 expert advisor designed to execute multiple independent technical strategies simultaneously. It includes modules for Moving Average crossovers, MACD breakouts, Heiken Ashi signals, and a hybrid Heiken-MACD system. Each strategy operates with a unique magic number to allow concurren
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
PATI Trading Assistant is a MetaTrader 4 utility designed to facilitate trade management and bookkeeping based on the PATI trading methodology. It automates the placement of stop losses and take profits, specifically managing range breakout and pullback setups. The EA includes risk controls such as the Two Minute Rule
Event Trader is a news-trading utility for MetaTrader 4 designed to automate straddle entries around scheduled economic releases. The EA places buy-stop and sell-stop orders at a user-defined GMT time and distance from the current market price. It incorporates one-cancels-the-other logic to delete the opposing pending
Desiree is an automated trading robot for MetaTrader 4 that utilizes Donchian Channel breakouts for trade execution. The system enters positions based on a specific lookback period and exits using a separate exit period. A notable logic constraint prevents the EA from entering a new trade if the preceding trade resulte
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
Robot Desiree is a trend-following expert advisor for MetaTrader 4 that utilizes Donchian Channels for trade entries and exits. The system identifies breakouts based on configurable lookback periods and manages positions using either fixed pip-based levels or volatility-adjusted stops and targets calculated from the Av
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
AutoNAS is an automated trading robot designed for the NAS100 index and USOil on the MetaTrader 4 platform. It employs a custom price-action strategy based on a variable threshold to determine entry points. The expert advisor monitors price movements relative to an initial anchor price, opening positions when specific
This MetaTrader 4 expert advisor implements a trend-following breakout strategy using Heiken Ashi candle sequences. The system defines local highs and lows based on consecutive candle color changes and enters trades when these price levels are breached. It operates on a reversal basis, closing active trades and initiat
This MetaTrader 4 expert advisor implements a scheduled breakout strategy. It functions by placing Buy Stop and Sell Stop orders at a specified distance from the current market price once a pre-set local computer time is reached. The system includes risk management controls such as fixed stop loss, take profit, and a t
This collection of MetaTrader 4 expert advisors focuses on time-based order execution and breakout strategies. The main EA places pending orders at a specific price distance during three user-defined time windows throughout the trading day. It manages risk via fixed stop loss and take profit levels, along with a config
SoftArsenal is a collection of MetaTrader 4 expert advisors and development tools. The repository features a custom expert advisor named Aberration, which utilizes Bollinger Bands to identify market breakouts. It places pending buy and sell stop orders at the outer bands and dynamically adjusts stop loss levels to the
FaSt is an automated trading robot for MetaTrader 4 that determines entries based on price extremes and trend direction indicators. The system employs Average True Range (ATR) to calculate dynamic stop loss and take profit levels, ensuring volatility-adjusted risk control. It includes multiple signal filters, trailing
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
Bot Trend Line is an automated trading tool for MetaTrader 4 that executes orders based on price interactions with trendlines. The expert advisor monitors lines to trigger market or pending orders when specific price conditions are met. It manages risk through a fixed risk-per-deal setting and includes account-level sa
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
A collection of MetaTrader 4 expert advisors designed for trend-following strategies. The primary logic uses Donchian Channel breakouts with configurable periods for entries and exits. It features robust risk management, including percentage-based lot sizing and volatility-based stop loss and take profit levels calcula
This MetaTrader 4 expert advisor collection includes two distinct robots designed for trend-following and trend-breakout strategies. The system utilizes technical indicators such as Moving Averages and Bollinger Bands to identify market entry points and monitor price action. It features hardcoded logic for managing tra
This MetaTrader 4 repository contains a collection of trading tools and expert advisors, primarily focused on the PATI Trading Assistant. The software functions as a trade manager that supports semi-automated entries by drawing range lines and placing pending orders. It includes risk controls such as customizable stop
ATR Session EA is an automated trading robot for MetaTrader 4 that utilizes session-based logic and the Average True Range indicator. The software monitors market activity through a session factory, identifying potential entries based on price thresholds for higher highs and lower lows. It employs a structured trade ma
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
Trading Dong is an automated MetaTrader 4 expert advisor developed as an academic capstone project. It analyzes market prices and executes trades based on a combination of three methodologies: Dominant Break, Supply and Demand zones, and Support and Resistance levels. The system includes visual indicators for drawing a
Trading Central Robot is a MetaTrader 4 expert advisor designed to automate trades based on technical levels, likely sourced from external analysis tools. The EA scans chart objects to identify pivot, support, and resistance points. When new levels are detected, it enters a trade in the identified direction with a fixe
Trading Algo Builder is a MetaTrader 4 expert advisor designed to help traders construct automated strategies without manual coding. It features a modular system where users can combine up to four different indicator signals, supporting both built-in MetaTrader indicators and custom external files. Signal logic include
This MetaTrader 4 expert advisor implements a One-Cancels-the-Other (OCO) order management system, primarily developed for educational purposes. The robot automatically places pairs of pending buy stop and sell stop orders at a user-defined distance from the current market price once per bar. When the logic detects tha
This MetaTrader 4 expert advisor is designed to trade high-impact fundamental events such as NFP and CPI releases. It features a manual on-chart button that, when clicked, prepares logic for a price breakout. The EA tracks pending orders and is programmed to cancel the opposing side once a buy stop or sell stop is trig
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 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,
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
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
This repository is a collection of MetaTrader 4 expert advisors and study scripts focused on technical analysis and automated execution. It includes modules for identifying support and resistance levels, templates for news-based trading, and tools for drawing visual objects based on price extremes. The projects serve a
This repository is a collection of over forty MetaTrader 4 expert advisors covering various trading styles and market conditions. It features the EA31337 multi-strategy framework alongside specialized bots for currency strength, New York session breakout patterns, and Heikin Ashi trend following. The collection include
Tao Stock Simple Arrow is a MetaTrader 4 expert advisor that serves as a visual signal generator for price breakouts. The program identifies the highest and lowest price levels within the most recent 100 candles. If the current price breaks these established boundaries, it places buy or sell arrow objects directly on t
This MetaTrader 4 repository contains a collection of trading tools, primarily featuring an automated RSI-based grid expert advisor. The system enters positions when the Relative Strength Index exceeds defined thresholds and manages them using a grid strategy with martingale lot multiplication. Risk controls include a
This MetaTrader 4 expert advisor is an automated trading robot developed for a 2019 trading competition. It executes trades based on a price range breakout strategy, calculating entry levels from the high and low values of previous candles. The algorithm filters entries using a 10-period Exponential Moving Average and
This MetaTrader 4 expert advisor automates trading based on pivot point technical levels. It focuses on systematic trade execution with integrated risk management, featuring automated lot sizing calculated as a percentage of account balance relative to stop loss distance. The EA includes a trailing stop mechanism that
Junbari MT4 is a trend-following expert advisor for MetaTrader 4 that identifies trade entries based on price breakouts. The system monitors the highest highs and lowest lows over a specific lookback period to determine market direction. It enters positions when the current price breaks a historical level and meets a m
This collection of MetaTrader 4 and 5 expert advisors provides various utilities for trade management and entry automation. The primary tool, Multi TP, monitors specific order tickets to execute partial closes and modify stop losses when price targets are hit. Additional scripts automate entries based on price action p
Richer Machine is a MetaTrader 4 expert advisor designed for automated breakout trading using Bollinger Bands and custom price levels. It initiates trades when price closes outside the bands, subsequently placing Buy Stop and Sell Stop orders at intervals defined by a Fibonacci-width parameter. The system manages risk
This collection for MetaTrader 4 includes various expert advisors, with the primary HL Monday Order EA focusing on weekly price ranges. The software identifies Monday's high and low prices to set automated entry levels, stop loss positions, and take profit targets using configurable pip adjustments. The repository incl
Breakout Exp is a MetaTrader 4 expert advisor that implements a breakout-based trading strategy. It utilizes adjustable fast and slow period parameters to determine market entry and exit points. The system manages trades using fixed lot sizes and identifies its own positions via a unique magic number. It includes funct
JiaoYi is a MetaTrader 4 expert advisor designed to trade based on manually or programmatically defined support and resistance levels. It features three operational modes allowing users to target price breakouts, oscillations within a range, or a combination of both strategies. The EA manages trade execution by monitor
This repository contains a collection of MetaTrader 4 expert advisors, with a primary focus on Renko-based trading strategies. The core EA utilizes dual exponential moving averages and candle color patterns to identify trend entries. Risk controls include adjustable stop loss, take profit, break-even logic, and trailin
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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