This collection for MetaTrader 4 provides a variety of expert advisors and utilities intended for automated trading and educational use. The primary component is a moving average crossover robot that opens positions based on trend direction. It features risk management tools including percentage-based stop losses, take
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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.
Type
Trading robot 7Trade managerRisk & protectionNews tradingCopier & bridgeFramework & templateCollection 10Utility
Strategy
Trend followingBreakout 1ScalpingGrid 5MartingaleHedging 2Mean reversion 4SMC / ICT / price actionIndicator crossoverArbitrageAI / machine learningNewsMulti-strategy 6
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This repository provides a diverse library of expert advisors and technical indicators for MetaTrader 4. The collection includes robots utilizing moving average crossovers, MACD trend-following signals, and mean-reversion strategies based on Bollinger Bands. A notable inclusion is a Martingale robot that scales lot siz
This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
The Falcon is a MetaTrader 4 expert advisor designed for automated trading using a combination of moving averages and Keltner Channels. It utilizes trend-following logic for entries and incorporates advanced position sizing features, including percentage-based risk, adaptive volatility sizing, and margin-per-lot constr
This repository contains an extensive collection of over 200 Expert Advisors developed for the MetaTrader 4 and MetaTrader 5 platforms. The files range from individual strategy implementations like CCI multi-pair and cycle-based trading to comprehensive testing frameworks. The primary featured Expert Advisor includes a
This MetaTrader 4 expert advisor executes trades based on three selectable technical indicators: Moving Averages, the Alligator indicator, or a custom channel strategy referred to as Rasim Line. It identifies trends and price levels to enter positions automatically. The EA manages risk through user-defined stop loss an
This repository functions as a large collection of over 170 MetaTrader 4 expert advisors provided in source code format for further development. The library includes various automated trading robots based on popular technical indicators such as Heiken Ashi, RSI, Stochastic, and MACD crossovers. The included files utili
This expert advisor for MetaTrader 4 executes a trend-following strategy using technical indicators. It calculates entry signals by monitoring moving averages and utilizes price envelopes as a volatility filter. The system also tracks the Average True Range to evaluate momentum and market shifts. Risk management includ
This MetaTrader 4 repository contains a collection of expert advisors utilizing various technical indicators for Forex trading. One included EA uses Keltner Channels and Average True Range to determine market entries and exits. It features configurable risk management, including fixed or percentage-based lot sizing, st
This repository provides a collection of over fifty MetaTrader 4 expert advisors designed for testing algorithmic strategy combinations. Each robot follows a modular structure consisting of a baseline indicator, confirmation signals, and volatility filters. Common configurations include the Kijun-sen, RSI, and Waddah A
This repository contains a collection of MetaTrader 4 expert advisors based on classic technical analysis and price action patterns. The robots utilize various strategies such as engulfing candles, pinbars, Heikin Ashi trends, and moving average crossovers. Risk management settings across the files include stop loss, t
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 repository provides a collection of MetaTrader 4 expert advisors and libraries designed to integrate with the 4xlots risk management web service. The collection includes various trading robots such as a trend-following system, a double SMA crossover strategy, and a Martingale-based EA. It focuses on dynamic risk c
Proper Bot is a MetaTrader 4 expert advisor that utilizes a triple moving average crossover for trend detection combined with a manual grid management system. It filters entries based on volume and specific price levels. When a trade moves against the initial position, the EA opens additional orders at predefined point
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 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 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
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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