MT4 
MT5 
This repository features a collection of trading tools for MetaTrader 5 and 4, headlined by a comprehensive Trade Manager EA. This manager enables manual execution via keyboard shortcuts and provides automated risk controls, including ATR-based break-even settings and trailing stops. The collection also offers strategy
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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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Type
Strategy
Nyao Scalper is an automated scalping robot for MetaTrader 5 that utilizes a multi-factor weighted scoring system to identify trade opportunities. It evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive AT
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
This repository provides a collection of MetaTrader 4 expert advisors, notably featuring a grid-based trading system. The mGRID EA executes trades by placing multiple pending buy and sell stop orders at fixed pip increments, attempting to capture price movement in either direction. It offers risk controls through confi
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
This expert advisor for MetaTrader 5 utilizes a genetic algorithm and neural network to make autonomous trading decisions without relying on traditional technical indicators. It implements a self-learning mechanism that evaluates a population of species to determine entry, exit, and lot sizing across multiple currency
This MetaTrader 4 repository contains a collection of expert advisors, primarily featuring the Chaos Theory EA. This robot combines several trading methodologies including Bill Williams' Chaos Theory, Trading Made Simple, and THV3 to trade multiple currency pairs simultaneously. It utilizes technical filters such as Su
This repository is a collection of various MetaTrader 4 expert advisors, featuring the WallStreet Forex Robot along with other tools like SteadyWinner and IndoRun. The primary EA utilizes technical indicators such as Moving Averages, CCI, and Williams' Percent Range to execute trades on the M15 timeframe. It includes c
This repository is a substantial collection of nearly five hundred Expert Advisors for the MetaTrader 5 platform. The library includes various automated strategies such as divergence detection using RSI and MACD, moving average crossovers, and zone recovery systems. It features a mix of trading robots, indicator-based
High Frequency Grid EA is an automated trading robot for MetaTrader 5 that implements a mean-reversion strategy through a grid of pending orders. It places buy and sell stop orders at calculated distances, using dynamic spread monitoring to ensure execution only during favorable conditions. The EA includes a trailing s
Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr
This grid trading robot for MetaTrader 5 automates the placement of multiple limit orders within a user-defined price range. It populates the market with a configurable number of buy and sell limit orders between specified high and low boundaries. The expert advisor includes risk management features such as individual
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
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
DBasket EA is a statistical arbitrage expert advisor for MetaTrader 5 that trades three-pair correlation baskets. It identifies price divergences between related currency pairs using Z-score analysis and enters hedged three-leg positions expecting mean reversion. The system incorporates advanced statistical modules inc
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
Profit Hunter is an expert advisor for MetaTrader 4 designed for forex and cryptocurrency trading. It utilizes a composite signal strategy combining Triple Moving Average, Adaptive RSI, CCI, iTrend, and Fisher indicators. The robot executes trades using a grid system where distances between orders are set manually or c
This MetaTrader 5 collection provides several automated trading scripts, including a core robot that executes trades based on random entries or basic indicators. It manages positions using percentage-based stop loss and take profit targets rather than fixed pips. The expert advisors include risk controls like equity al
GitGpa is an extensive repository of MetaTrader 4 expert advisors, primarily featuring implementations of the OzFX strategy alongside various technical indicator-based bots. The collection includes tools for trend chasing, breakout trading, and moving average crossovers. These experts incorporate multiple risk manageme
This repository provides a collection of trading scripts for MetaTrader 4, MetaTrader 5, and Pine Script, covering various technical strategies. It includes a Williams Alligator expert advisor that enters trades based on the alignment of three smoothed moving averages. The repository also contains code for grid and hed
This repository is a collection of MetaTrader 4 expert advisors and indicators focused on aggressive trading strategies. The primary expert advisor uses a grid-based approach with martingale lot scaling to manage positions. It features multiple entry logics, including Bollinger Bands, Exponential Moving Averages, and m
This MetaTrader 5 expert advisor is designed for gold trading, utilizing a multi-timeframe strategy across the M15, H1, and H4 charts. It integrates technical indicators including ADX, RSI, and Moving Averages to identify trend-following and breakout opportunities. Risk controls include dynamic lot sizing based on acco
Hedging EA is a manual trading utility for MetaTrader 5 designed to facilitate hedging strategies. It provides a graphical interface that allows users to manually open and manage buy and sell positions to mitigate market risk. The tool includes risk management controls such as adjustable lot sizes, stop loss levels, an
This MetaTrader 4 expert advisor is a management utility designed to handle orders opened by other martingale robots. It monitors trade sequences and applies hedging to the initial low-lot positions to mitigate drawdown. The tool provides automated risk controls including fixed take profit, stop loss, trailing stops, a
This MetaTrader 5 expert advisor implements a mean-reversion strategy primarily designed for the EUR/USD pair. It utilizes a 25-period Moving Average to identify price deviations, operating on the theory that hourly prices will eventually return to the mean. The code facilitates a dual-position approach, managing simul
Oanda TDesk Drone is a MetaTrader 4 expert advisor designed to execute trades based on signals from the TDesk dashboard via the Oanda FXtrade platform. It functions as a bridge, using an external Python script and file-based data exchange to facilitate order placement. The EA is specifically designed to support fractio
This collection for MetaTrader 4 contains several expert advisors focused on grid trading and trend-following techniques. The main EA utilizes a multi-level grid system that can place up to 20 layers of buy or sell stop/limit orders at fixed pip intervals. It includes basket management features to close trades based on
NZT USDJPY is a MetaTrader 4 expert advisor specifically tailored for the USD/JPY forex pair. The EA monitors tick-by-tick price movements to manage active long and short positions. It employs logic that triggers order closures or modifications based on bid and ask fluctuations relative to reference prices. The softwar
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
AutoTrade EA is a scalping robot for MetaTrader 4 and 5 that utilizes a multi-indicator signal scoring system based on Exponential Moving Average crossovers and RSI levels. It employs an aggressive trade management strategy featuring a dynamic grid and a stepped martingale lot scaling system where position sizes increa
This MetaTrader 4 collection contains various expert advisors, including a primary strategy based on EMA 50/200 crossovers and RSI filtering. The main EA manages entries through trend confirmation and provides risk controls such as stop loss, take profit, and trailing stops. It includes features for breakeven activatio
This MetaTrader 5 Expert Advisor serves as the execution module for a three-part synchronization system connecting NinjaTrader to MT5. It functions as a trade copier and hedging manager, automatically opening positions based on signals received from a central Go-based bridge server. The EA includes specialized risk con
This MetaTrader 4 robot implements a multi-currency mean-reversion strategy, targeting price returns to the average on correlated forex pairs. It manages trades using a grid system with a significant martingale multiplier to scale lot sizes. The expert advisor allows for simultaneous trading on multiple symbols to dive
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 serves as an educational repository for various automated trading strategies and capital management techniques. It features a modular architecture allowing users to toggle between multiple entry algorithms, including EMA crossovers, MACD zero-crossings, and a combination of ADX and Boll
This MetaTrader 5 expert advisor provides an interactive on-chart trading interface for manual execution and automated strategy management. It features dedicated graphical buttons for market entry along with input fields for volume, stop loss, and take profit levels. The repository includes distinct modules for hedging
This expert advisor facilitates arbitrage trading between futures and spot instruments, primarily targeting gold and stock indices. Available for MetaTrader 4 and 5, it monitors the price difference between two related symbols against a moving average to identify trade opportunities. The logic includes a noise-filterin
This MetaTrader 4 expert advisor implements a correlation-based hedging strategy between two instruments, typically UKOIL and USOIL. It monitors the price spread between the two assets, opening buy and sell positions simultaneously when the spread expands or narrows beyond defined thresholds. The EA manages exits based
This repository contains a collection of MetaTrader 4 expert advisors, including robots based on RSI, Bollinger Bands, and moving averages. The primary featured expert advisor implements a dual-symbol statistical arbitrage strategy using indicators such as ZigZag and Moving Averages to identify entries. It employs a ma
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 repository contains an extensive collection of over 250 expert advisors and utility scripts for MetaTrader 4. The library features various automated robots, manual trade panels, and risk management tools. It includes specialized folders for hedging strategies, pending order assistants, and multi-indicator monitors
This repository provides a collection of MetaTrader 4 expert advisors and utility tools. It includes diverse trading strategies ranging from M1 scalping and Heiken Ashi trend following to swing-based approaches. The codebase features a robust trade management framework with classes for order execution, error handling,
This repository features a collection of MetaTrader 4 expert advisors, primarily focused on a multi-strategy system named Complete Robot. The main EA utilizes a combination of technical indicators including Moving Averages, MACD, Bollinger Bands, and Stochastic oscillators for market entry. It employs a grid-based appr
This collection for MetaTrader 5 provides several automated Expert Advisors designed for various symbols including forex, gold, and indices. The repository features Mecha Godzilla, a grid trading system using ATR-based spacing and bidirectional orders, alongside specialized bots for Asian session breakouts and H4 trend
This MetaTrader 5 expert advisor is designed for trading XAUUSD using a trend-following approach. It identifies entries through a triple Exponential Moving Average crossover system, requiring ADX momentum confirmation before opening positions. To manage losing trades, the EA employs a martingale strategy that layers 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
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
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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