This Expert Advisor for MetaTrader 5 implements a martingale trading strategy triggered by the Relative Strength Index (RSI). It opens an initial position when RSI reaches overbought or oversold thresholds. If price continues to move against the initial trade, the EA layers additional orders at set point intervals, mul
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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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This collection provides MetaTrader 5 Expert Advisors sourced from MQL5 programming documentation. The primary tool, Unity Martingale, implements a multi-currency reversal strategy using breakout or pullback signals. It employs a martingale lot-scaling system that increases positions after losses based on a user-define
This repository is a collection of MetaTrader 5 expert advisors developed as early coding projects between 2021 and 2024. It includes multiple robots implementing varied strategies such as range breakouts, Donchian channels, Fibonacci retracements, and Bollinger Bands. The expert advisors are largely technical indicato
This MetaTrader 5 expert advisor collection provides several automated trading strategies based on classic technical indicators. The primary component combines CCI, RSI, Stochastic, MACD, and Moving Average crossovers to identify entry signals. It features a configurable grid system that layers multiple orders at fixed
This repository contains a collection of MetaTrader 5 expert advisors and utility scripts. It includes a variety of automated strategies such as mean reversion, Dunnigan NRTR, and experiments with artificial intelligence. The library also features utility tools for Telegram integration, search functions, and signal das
RemedyBot is a collection of Expert Advisors for MetaTrader 5 focused on technical indicator strategies. The primary files utilize the MQL5 standard library classes to combine trend-following signals, such as Moving Average crossovers, with volatility-based exits like the Parabolic SAR trailing stop. The project includ
This MetaTrader 5 expert advisor is an educational project implementing a martingale trading strategy. It uses Bollinger Bands to trigger entries and employs a grid-based approach to manage trades by layering additional positions at fixed intervals. The system features lot size multiplication after each layer to recove
This MetaTrader 5 expert advisor functions as a grid-based recovery system that can operate independently or manage trades from external EAs via magic number filtering. It initiates entries using Bollinger Bands and RSI indicators, then manages drawdown through a recovery grid matrix. The system employs dynamic ATR-bas
This MetaTrader 5 expert advisor implements Smart Money Concepts (SMC) by identifying liquidity sweeps and premium or discount zones. It detects buy-side and sell-side liquidity levels, looking for price sweeps followed by retest entries. The robot manages trades using a fixed risk-to-reward ratio, trailing stops, and
Advanced Grid Trading is a MetaTrader 5 expert advisor that manages a complex grid strategy across four configurable layers. It places stop and limit orders at fixed intervals, employing either fixed or geometric lot scaling for increased grid depth. Trade management includes a shared profit pool used to close losing p
The repository provides a collection of MetaTrader 5 expert advisors and analytical tools. The main featured tool is a 3D correlation matrix that visualizes the statistical relationships between multiple currency pairs over a customizable date range using DirectX and Canvas graphics. In addition to this analytical tool
This MetaTrader 5 expert advisor implements a sell-only grid strategy specifically designed for Gold (XAUUSD). It operates within a user-defined price range, placing short orders at fixed price intervals to capitalize on price oscillations and mean reversion. The system manages trades using a fixed take profit for each
This repository contains a collection of MetaTrader expert advisors for MT4 and MT5, featuring various algorithmic trading strategies. The primary EA, North East Way, implements a multi-currency grid and martingale system focused on mean reversion for correlated pairs such as AUDNZD and NZDCAD. It manages risk through
This repository contains a collection of MetaTrader 5 expert advisors developed for educational purposes. The primary strategies revolve around Commodity Channel Index crossovers and Average True Range indicators for dynamic stop loss and take profit placement. The codebase includes various experimental models, such as
This MetaTrader 5 expert advisor implements a multi-layered grid strategy that manages up to three independent grids simultaneously on a single instrument. It uses the Relative Strength Index (RSI) across different timeframes to determine the initial trade direction for each grid. The EA employs martingale lot scaling,
HFT Grid AI is a MetaTrader 5 Expert Advisor foundation built for high-frequency trading and grid-based strategies. It employs a broker-aware execution model that validates trade plans against local simulations before sending orders to the market. Key features include stochastic market structure analysis, session-based
This repository contains two expert advisors for MetaTrader 5: a reconstruction of a popular grid system and a price-action tool for gold. The primary EA utilizes RSI and price extremes for entry signals, managing trades through a grid with tiered lot multipliers. It features smart distance calculations using ATR ratio
XM Gold AI Trader is an automated expert advisor for MetaTrader 5 that leverages a Python-based backend powered by DeepSeek AI. The system processes market data using indicators such as RSI, MACD, and Bollinger Bands to generate signals, which are transmitted via WebSocket or TCP sockets. It includes robust risk contro
This expert advisor for MetaTrader 5 implements a bidirectional range grid strategy based on user-defined price boundaries. It automatically divides the range into two halves, executing sell orders in the upper section and buy orders in the lower section. The system includes a safety mechanism that closes all positions
MADR Brothers is a MetaTrader 5 expert advisor that utilizes multi-timeframe Moving Average Deviation Rates to identify trading opportunities. It filters market trends using a long-period MADR on higher timeframes while entering trades based on overbought or oversold levels of a shorter-period MADR. The system includes
OmniB3 is an automated grid trading expert advisor for MetaTrader 5, specifically developed for the Brazilian B3 exchange mini-contracts including WIN (mini-index) and WDO (mini-dollar). It employs a multi-indicator entry system with up to four confirmation layers, utilizing signals such as RSI. The EA features an adva
This MetaTrader 5 expert advisor utilizes Stochastic Oscillator crossovers to execute buy and sell orders. It calculates entry signals based on a minimum difference between the %K and %D lines. Risk management includes stop loss and take profit levels calculated using spread multipliers, as well as a trailing stop that
This MetaTrader 5 expert advisor implements a multi-pair grid and dollar-cost averaging strategy. It monitors a configurable list of currency pairs and determines trade direction using a moving average trend filter. When price moves against an initial position, the bot opens additional levels using fixed, additive, or
This MetaTrader 5 repository contains a collection of expert advisors, primarily documented around the TrioMartingale strategy. This system uses a martingale grid approach on AUDNZD, NZDCAD, and AUDCAD to exploit triangular correlation and mean-reversion. Entries are filtered using RSI and Moving Averages, while risk i
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 repository provides an extensive collection of MetaTrader 4 and MetaTrader 5 expert advisors, including the Cobra and Pivot Point systems. The included tools utilize strategies ranging from daily pivot level reversals to grid-based recovery and cost-averaging methods. Notable features include ATR-based stop losses
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 5 repository contains a diverse collection of expert advisors and technical indicators, with a primary focus on signal-based trading bots. The featured CCI Four Arrows Strategy uses the Commodity Channel Index to identify entry points based on specific level breaches. It includes risk management feature
This MetaTrader 5 expert advisor implements a linear gradient trading strategy, which typically involves layering orders or partial exits at fixed point intervals. It utilizes Bollinger Bands as a primary technical indicator for entry signals and supports buy-only, sell-only, or bidirectional trading modes. The robot i
This repository contains a diverse collection of MetaTrader 5 expert advisors and technical utilities. It features a three-dimensional correlation matrix visualizer for analyzing price relationships across multiple currency pairs simultaneously. The collection includes various automated trading robots based on technica
This repository contains a collection of MetaTrader 5 expert advisors developed for strategy experimentation and technical analysis. The robots utilize various technical indicators, including Moving Averages, MACD, Parabolic SAR, and RSI for trade entries. Risk management is handled through configurable stop loss and t
This repository contains a collection of MetaTrader 5 Expert Advisors and graphical tools. It includes several technical strategy robots based on Relative Strength Index crossovers, Bollinger Bands, and Moving Averages. Additionally, it features advanced 3D visualization utilities such as a correlation matrix and a mat
Dollar Killer Martingale is an automated trading robot for MetaTrader 5 that utilizes Bollinger Bands to identify market entry points. The EA initiates trades based on price interaction with band boundaries and manages drawdowns through a lot-multiplication recovery system. It features a grid-based approach where addit
This repository provides a collection of Expert Advisors for MetaTrader 5, primarily focused on technical indicator strategies and algorithmic trading examples. The main file utilizes a Moving Average signal combined with a Parabolic SAR trailing stop for automated trade management. It includes a lot-sizing module that
This repository provides a collection of expert advisors for MetaTrader 4 and MetaTrader 5. The primary MetaTrader 5 file implements Mamdani fuzzy logic, processing three Relative Strength Index (RSI) inputs to determine market entries. The collection also includes several MetaTrader 4 experts focused on grid-based mon
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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