This MetaTrader 5 collection features two primary components: a manual risk management panel and an automated confluence robot. The TyAlgo advisor executes trades using the No Nonsense Forex method, aggregating signals from various technical indicators via global variables. Risk is managed through the TyphooN tool, whi
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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 repository contains an extensive library of MetaTrader 5 expert advisors covering various algorithmic trading methodologies. The collection includes strategies based on Bollinger Bands, Relative Strength Index, moving average ribbons, and swing failure patterns. A core focus is the Ighodalo series for gold and CFD
This repository provides a collection of MetaTrader 5 expert advisors featuring traditional technical indicators and advanced machine learning integrations. The library includes strategies based on Moving Average crossovers, MACD, and Bollinger Bands, alongside risk-heavy models like martingale and hedging systems. A c
This repository is a comprehensive backup of trading resources from the defunct fxcodebase community, containing a diverse collection of expert advisors for MetaTrader 4 and 5. The archive serves as a repository for legacy source code, featuring strategies ranging from RSI crossovers to advanced hedging and martingale
Grid Hedge Combine is a MetaTrader 5 expert advisor designed to automate market entries using a mixture of grid and hedging techniques. It opens initial trades and layers subsequent orders at predefined pip intervals when the price moves against the position. The EA features lot size scaling, allowing for aggressive or
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
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
Oslib is an extensive repository of Expert Advisors and indicators for MetaTrader 5, encompassing various quantitative trading approaches. The collection includes statistical arbitrage robots that trade spreads between two correlated symbols, machine learning experts utilizing Support Vector Machines (SVM), and high-fr
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,
This MetaTrader 5 expert advisor is a legacy project focused on machine learning and neural network forecasting. The system implements logic for training models and generating forecasts using technical indicators like ADX and ZigZag. It includes several optional modules for long, short, hedging, and martingale trading
RvFx is an automated trading system for MetaTrader 5 that utilizes grid and hedging techniques. It manages trades through a cycle-based logic, adding positions at fixed point intervals. The EA includes sophisticated lot sizing options, such as linear steps, multipliers, and a predefined sequence, which results in marti
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
This MetaTrader 5 expert advisor implements a grid-based trading strategy combined with an EMA trend filter. It enters positions based on price relation to a 50-period Exponential Moving Average. If a trend reverses while a basket is active, the EA initiates a dual-mode recovery by opening a new basket in the opposing
Xauusdt MT5 is an automated trading robot for MetaTrader 5, specifically optimized for gold trading. It executes a grid-based strategy with martingale lot scaling, where position sizes are increased by a user-defined multiplier after losses. The system features a dual-stage grid distance mechanism that adjusts spacing
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
This MetaTrader 5 robot implements a grid trading strategy featuring dynamic order spacing. Unlike traditional fixed grids, this expert advisor increases the distance between subsequent levels using an expansion factor. It employs martingale lot scaling where volumes grow exponentially based on the number of open posit
This Expert Advisor for MetaTrader 5 implements a bi-directional grid strategy combined with martingale lot scaling. The robot monitors buy and sell legs independently, opening new orders at fixed pip intervals when the price moves against existing positions. It utilizes an exponential growth factor to increase trade v
This MetaTrader 5 expert advisor utilizes a hedging and grid-based strategy described as cornering. It places pending orders on both buy and sell sides at fixed or automatically adjusted distances. The bot scales position sizes using a multiplier for subsequent entries and includes a dynamic break-even function to mana
This repository features a collection of MetaTrader 5 expert advisors, with a primary focus on a multi-currency ring trading system. The flagship EA executes trades across several currency pairs simultaneously, utilizing triangular hedging logic to manage exposure. It incorporates various lot management modes including
MintyGrid is an automated trading robot for MetaTrader 5 that employs a grid-based strategy without relying on technical indicators or market averages. It enters positions immediately and manages losing trades by layering additional orders at specific intervals. The expert advisor utilizes martingale and reverse-martin
Forex Trading Robot is a collection of MetaTrader 5 expert advisors that implement various technical strategies, including trend-following and hedging approaches. The core logic utilizes Exponential Moving Averages and the Average True Range indicator to identify market volatility. It employs a martingale lot scaling s
This automated expert advisor for MetaTrader 4 and MetaTrader 5 utilizes a strategy inspired by the Never Losing Formula. It employs technical indicators including the Stochastic Oscillator, Relative Vigor Index, and Envelopes to identify market entries. To manage trades, the EA incorporates a secondary entry mechanism
This MetaTrader 5 expert advisor executes a grid-based trading strategy, specifically tailored for gold but applicable to other instruments. It functions by opening initial buy and sell positions and subsequently placing a sequence of limit orders at specified intervals. The system manages risk through a configurable g
This repository is a collection of MetaTrader 5 expert advisors and scripts designed for educational purposes. It contains several standalone trading tools, including simple Bollinger Band strategies, trailing stop managers, and limit order placement utilities. The primary example uses a grid-based approach, populating
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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