News Trader is a semi-automatic expert advisor for MetaTrader 4 and MetaTrader 5 designed to execute trades around high-volatility economic announcements. Users manually input the scheduled news release time, and the robot opens positions a specified number of seconds before the event. It supports single-direction trad
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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
Strategy
Trend followingBreakout 1ScalpingGridMartingaleHedging 2Mean reversionSMC / ICT / price actionIndicator crossoverArbitrageAI / machine learningNews 8Multi-strategy
Market
Amazing is a news trading expert advisor for MetaTrader 4 and 5 designed to capture volatility during scheduled economic announcements. It operates as a semi-automatic tool, requiring the user to manually input the specific date and time of an upcoming news event. The EA places two symmetrical pending orders at a defin
This news management utility for MetaTrader 5 protects accounts during high-impact economic events by monitoring the ForexFactory calendar. It automatically disables algorithmic trading and manages open positions according to pre-defined schedules before and after news releases. The tool can close active trades, delete
This news filter module for MetaTrader 5 provides a framework for Expert Advisors to avoid trading during high-impact economic events. It features a dual-layer system: a decision layer that blocks new entries and an action layer that can flatten current positions or cancel pending orders. The tool supports live termina
This MetaTrader 5 expert advisor automates news trading by integrating with an external Python web scraper. The Python component extracts economic calendar data from Forex Factory and saves it to a local file, which the EA monitors in real-time. Minutes before scheduled news events, the bot executes a straddle strategy
The News Calendar EA for MetaTrader 5 is an automated tool designed to execute or manage trades based on economic events. It features a canvas-based dashboard and utilizes an SQLite database to store and track calendar data. The system allows users to enter trades before or after news releases or pause activity during
This news filter for MetaTrader 5 allows Expert Advisors to automatically suspend trading activities around high-impact economic news releases. Instead of relying on commercial APIs, the tool fetches event data from a user-hosted JSON file on GitHub using native WebRequest functionality. It monitors specific currencies
DayBlocker is a utility expert advisor for MetaTrader 5 that manages the global AutoTrading state based on economic events. It monitors the built-in MQL5 calendar and a manual text file for high-impact news such as Flash PMI, FOMC meetings, and Non-Farm Payrolls. When a specific event is detected for the current day, t
This semi-automated expert advisor facilitates trading around high-impact economic events by bridging Python and MetaTrader 5. A Python-based scraper collects macroeconomic data from Trading Economics, allowing users to filter events and manually input trading directions via a graphical interface. The MetaTrader 5 comp
This MetaTrader 5 utility monitors upcoming economic events by reading news data from a local binary file. It functions as a notification tool that alerts the user via the terminal log before a scheduled event occurs. The software identifies market holidays by checking forecast and actual values and cycles through a ch
This utility for MetaTrader 5 fetches economic news data from the Forex Factory API to display an onscreen timer and information box. It downloads news in XML format using external Windows libraries, stores it locally, and updates the data periodically. Users can filter news events by impact level, specific currencies,
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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