Liangxifeng MT4 Collection is a repository of MetaTrader 4 expert advisors focused on automated trading strategies. The primary EA employs a dual moving average crossover system to initiate trades and features a scaling mechanism that increases lot sizes as the market moves in favor of the position. It manages risk thr
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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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Trading robot 5Trade managerRisk & protectionNews tradingCopier & bridgeFramework & template 2Collection 2Utility 1
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Trend followingBreakoutScalpingGrid 1MartingaleHedgingMean reversion 1SMC / ICT / price actionIndicator crossover 4Arbitrage 1AI / machine learningNewsMulti-strategy 2
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Hedge Terminal is a specialized framework for MetaTrader 5 designed to facilitate hedging net positions and provide a structured API for managing expert advisors. The repository includes demonstration robots such as a moving average expert that operates across multiple timeframes. These examples show how to open trades
This MetaTrader 5 expert advisor acts as a modular architectural blueprint for developing complex algorithmic trading systems. It demonstrates a structured framework for separating user interface components, input configurations, and core execution logic into maintainable layers. While the repository provides placehold
This MetaTrader 5 repository is a collection of various Expert Advisors and trading utilities. The primary EA implements a strategy based on the Relative Strength Index (RSI), Bollinger Bands, and Parabolic SAR indicators. It executes trades using overbought and oversold levels in conjunction with volatility bands. Ris
This MetaTrader 5 expert advisor executes trades based on signals generated by a companion custom trend indicator. It is designed to function exclusively on the MetaTrader 5 hedging platform and requires the external indicator file to be installed manually in the local indicators folder. The system manages risk using a
This MetaTrader 5 expert advisor implements a trend-following strategy based on the Parabolic SAR indicator combined with hedging logic. It identifies market direction using standard PSAR parameters and manages positions through automated risk controls. The system allows users to define risk as a fixed lot size or a pe
This MetaTrader 4 expert advisor executes trades based on candle momentum and specific trigger factors. It manages positions using virtual trailing stop-loss and take-profit levels, alongside a global profit target that halts trading once a predefined financial goal is met. The system includes logic for multi-symbol tr
This MetaTrader 5 expert advisor implements a trend-following strategy based on price position relative to a moving average. It initiates buy orders when a candle closes above the moving average and sell orders when it closes below. Risk management is handled through several configurable parameters, including fixed tak
The Nova Ultimate Trade Panel is a comprehensive manual trading and management utility for MetaTrader 5. It provides a movable, dynamic interface for executing market and pending orders with precise control over lot sizing and risk levels. Users can adjust stop loss and take profit targets directly on the chart using d
Awesome EA is an automated multi-pair trading robot for MetaTrader 4 built on the Steve Hopwood Forex framework. It implements a trend-following strategy that filters entries using daily Peaky and SuperSlope indicators, executing trades when signals align on shorter timeframes. The system manages risk through equity-ba
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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