This expert advisor for MetaTrader 4 implements a grid-based scalping strategy. It places multiple trade orders at fixed intervals, defined by a configurable pip gap. The system manages a specific number of grid lines on both sides of the starting price, aiming to capture small price movements. It utilizes fixed lot si
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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 robotTrade manager 1Risk & protectionNews tradingCopier & bridgeFramework & template 1Collection 58Utility 1
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This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators. It primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage t
MultiTrader is a multi-currency expert advisor for MetaTrader 4 and MetaTrader 5 that executes trades across multiple forex instruments concurrently. It uses a modular system of filters to generate entry and exit signals based on various technical indicators. The EA manages risk through fixed or trailing stop losses, b
Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr
Profit Hunter is an expert advisor for MetaTrader 4 designed for forex and cryptocurrency trading. It utilizes a composite signal strategy combining Triple Moving Average, Adaptive RSI, CCI, iTrend, and Fisher indicators. The robot executes trades using a grid system where distances between orders are set manually or c
Parallel System 3 is a MetaTrader 4 expert advisor developed specifically for trading gold. It utilizes a Directional Movement Index (DMI) signal generator with customizable smoothing periods and moving average methods. The trade management logic is based on a layered approach involving multiple trade packs, categorize
Oanda TDesk Drone is a MetaTrader 4 expert advisor designed to execute trades based on signals from the TDesk dashboard via the Oanda FXtrade platform. It functions as a bridge, using an external Python script and file-based data exchange to facilitate order placement. The EA is specifically designed to support fractio
AutoTrade EA is a scalping robot for MetaTrader 4 and 5 that utilizes a multi-indicator signal scoring system based on Exponential Moving Average crossovers and RSI levels. It employs an aggressive trade management strategy featuring a dynamic grid and a stepped martingale lot scaling system where position sizes increa
This MetaTrader 4 robot implements a multi-currency mean-reversion strategy, targeting price returns to the average on correlated forex pairs. It manages trades using a grid system with a significant martingale multiplier to scale lot sizes. The expert advisor allows for simultaneous trading on multiple symbols to dive
This expert advisor facilitates arbitrage trading between futures and spot instruments, primarily targeting gold and stock indices. Available for MetaTrader 4 and 5, it monitors the price difference between two related symbols against a moving average to identify trade opportunities. The logic includes a noise-filterin
HolyLamp is a MetaTrader 4 automated trading system that utilizes mean-reversion signals across several technical indicators, including Bollinger Bands, RSI, Stochastics, and the Commodity Channel Index. It is primarily configured for EURUSD on the five-minute timeframe. The robot enters trades at indicator extremes an
Averaging Master is a MetaTrader 4 expert advisor that employs a directional averaging strategy. It identifies trend direction using a 6-period moving average on the H4 timeframe and enters trades during specific morning hours. The system manages risk by layering up to four additional positions if the price moves again
This MetaTrader 4 expert advisor implements an averaging strategy that manages trades by opening additional layers at predefined intervals when the market moves against the initial position. It features modes for both averaging up and down, with the ability to alternate between buy and sell orders. The EA includes risk
The GBPUSD AI Grid EA is an automated trading robot for MetaTrader 4. It executes a grid-based strategy that layers orders during market movements. Initial entries are filtered using the Commodity Channel Index indicator. The bot manages positions through a martingale lot multiplier, increasing volume for subsequent gr
Forex Setka Trader is an automated grid trading robot designed for the MetaTrader 4 platform. It operates primarily on the M1 timeframe, opening a series of trades at fixed intervals defined by a step parameter. The expert advisor employs martingale-style lot scaling through a multiplier factor to manage basket positio
Suminsky EA is an automated trading tool for the MetaTrader 4 platform that utilizes a level-based execution strategy. The robot places orders within a specified price range, divided into multiple lines or levels to manage entries. It features risk management settings including fixed lot sizing, a take profit target, a
This MetaTrader 4 expert advisor automates trading using a Moving Average crossover strategy, specifically configured for the GBPUSD pair on fifteen-minute charts. It enters positions based on dual indicator signals and manages them through a combination of money-based take profit targets and lot size scaling. The syst
Price Less EA is an automated trading robot for the MetaTrader 4 platform that implements a grid-based recovery strategy. It combines moving average crossovers for entry timing with a multi-level position layering system. The robot initiates trades and scales lot sizes using step-based increments at fixed distances. It
Lars Advisor is a MetaTrader 4 grid-based robot that enters trades using a fixed distance interval and manages them through a trailing stop mechanism. It features lot scaling where each grid step increases the trade volume by a specific delta, functioning as a lot-addition martingale. The EA operates on a timer-based u
Angry Bird is a MetaTrader 4 expert advisor based on the Ilan 1.6 architecture, utilizing a mean-reversion strategy combined with aggressive risk management. The EA enters trades based on Relative Strength Index (RSI) levels to identify overextended price movements. It employs an exponential martingale lot scaling syst
Mveuuh Gold is an automated MetaTrader 4 expert advisor designed specifically for trading XAUUSD. It utilizes a multi-layered trend filtering system based on three Exponential Moving Averages and the Average Directional Index to determine entry direction. The EA employs a grid-based pyramid strategy, opening additional
This MetaTrader 4 robot implements a grid-based hedging strategy triggered by inside bar price formations. It places multiple pending orders on both sides of a breakout and uses martingale lot scaling to increase position sizes for subsequent entries. The expert advisor is designed for the H4 and Daily timeframes, util
GM Remake is an automated trading robot for MetaTrader 4 that executes a multi-stage martingale strategy. It initiates trades based on price breakout logic and manages drawdowns by layering additional positions at user-defined distances. To refine entries, the EA utilizes dual exponential moving averages and MACD trend
This MetaTrader 4 expert advisor implements a grid-based trading approach by opening buy and sell positions based on price distance. The system evaluates current market orders and places new trades only when the price moves a specific distance, defined by the step parameters, from existing entries. Users can independen
Hosopi 2 is an automated trading robot for MetaTrader 4 and 5 that utilizes a mean-reversion strategy based on Bollinger Bands. The system enters counter-trend trades when price hits the bands and manages positions using a Nanpin martingale approach, layering orders at intervals to average down. Risk controls include t
This MetaTrader expert advisor implements a grid-based buying strategy specifically designed for USDJPY. It places buy orders at fixed pip intervals below a specified base price, accumulating positions as the market moves lower. The robot manages a basket of trades and exits all positions simultaneously once the combin
This MetaTrader 4 expert advisor executes a dual-direction grid trading strategy driven by technical analysis. It enters trades based on an Exponential Moving Average crossover logic using three distinct periods. The system employs a customizable martingale sequence where lot sizes increase after a user-defined number
This MetaTrader 4 expert advisor uses Relative Strength Index (RSI) levels to identify overbought and oversold conditions for trade entries. It features a layering mechanism that opens additional positions at fixed intervals defined by a pip-step parameter. The robot manages risk with hard stop loss and take profit lev
Tip Top AI is a price action robot for MetaTrader 4 and MetaTrader 5 that uses a proprietary candle tail length algorithm to identify market entries. The strategy calculates the average size of historical bars and monitors current candles for specific wick-to-body ratios. It enters trades when wicks exceed the body siz
EA Sofia is an automated trading robot for MetaTrader 4 that implements a grid-based martingale strategy. It is designed to operate on the M5 timeframe, specifically targeting ranging currency pairs. The EA enters trades and manages positions by layering orders at fixed or incremental distances, using a multiplier to i
Forex Winner EA is an automated trading robot for MetaTrader 4 that utilizes Relative Strength Index boundaries and volatility calculations to identify entry points. It employs a martingale-style recovery strategy, using a lot multiplier to scale positions after losses. The EA includes risk management controls such as
Strawberry Strategy Tester is a MetaTrader 4 expert advisor designed for automated trading and strategy evaluation. It implements Bollinger Band-based entry logic and offers multiple lot sizing methods, including fixed lots, addition, and multiplication. The use of lot multiplication suggests the expert advisor utilize
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 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 MetaTrader 4 expert advisor provides automated forex trading using a grid-based strategy. The robot enters trades based on time-restricted windows and manages them using a martingale lot scaling mechanism. Users can configure the lot multiplier, the distance between grid levels, and a maximum level limit. For risk
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 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 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 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
Se-0303 is an automated trading robot for MetaTrader 4 and 5 that employs a grid-based approach with Martingale lot scaling. It determines entries through trend analysis and M1 fractals, using coefficients to calculate order distances and take profit targets relative to price height. The EA includes specific risk contr
This MetaTrader 4 expert advisor executes a strategy based on the 200-period Exponential Moving Average. It identifies potential entries when price action deviates from the EMA, specifically seeking bearish candles below the average for buy orders and bullish candles above the average for sell orders. The robot include
This MetaTrader 4 expert advisor executes a mean-reversion strategy driven by the Relative Strength Index. It enters trades when the RSI indicates overextended price levels and manages them using a grid-based approach. The EA scales lot sizes using a martingale factor and allows for position layering at specified dista
This MetaTrader 4 expert advisor executes trades based on the MACD indicator and uses a Moving Average filter to determine the prevailing trend. It features a dynamic lot sizing algorithm that adjusts risk percentages according to account balance tiers. While the documentation focuses on MACD signals for H1 charts, the
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 MetaTrader 4 Expert Advisor implements a price-action grid strategy that opens orders based on fixed distance intervals. The robot establishes a baseline level and triggers a buy or sell position whenever the price moves a specific number of points away from that level. It features no built-in stop loss or take pr
Invea Stoch is an automated trading robot for MetaTrader 4 that utilizes the Stochastic oscillator to identify entries based on overbought and oversold levels. The EA initiates trades when the indicator exceeds 85 or falls below 15, applying price action filters based on the highs of recent candles. It manages risk wit
Krikor is a MetaTrader 4 robot that uses a combination of technical indicators and a grid-based recovery system to manage trades. It determines entries using a Relative Strength Index (RSI), Moving Averages, Average Directional Index (ADX), and a custom ZigZag indicator. The strategy employs martingale lot scaling, inc
This MetaTrader 4 expert advisor implements a trend-following grid strategy based on multiple moving averages. It determines market direction using configurable average periods and places initial pending orders followed by additional positions at set point intervals. The robot manages long and short trades independentl
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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