This MetaTrader 5 expert advisor implements Smart Money Concepts including Order Blocks, Fair Value Gaps, and Break of Structure entries. It features an automated mode that combines multiple strategies alongside market regime detection using ADX or Efficiency Ratio to ensure trading in trending conditions. Risk managem
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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
Trading robotTrade managerRisk & protectionNews tradingCopier & bridgeFramework & template 1Collection 36Utility
Strategy
This MetaTrader 5 expert advisor implements a multi-strategy framework based on Smart Money Concepts. It identifies fractal-based liquidity sweeps, order blocks, and Fibonacci zones across multiple timeframes, typically using H4 for trend direction and M15 for execution. The EA includes an optional machine learning fil
AlgoMaster NNFX is an algorithm development and testing system for MetaTrader 4 and 5, built specifically to implement the No Nonsense Forex (NNFX) trading methodology. It enables users to test trading logic across 28 major forex pairs while managing complex factors like currency exposure, news events, and market volat
This MetaTrader 5 expert advisor utilizes a multicurrency strength system to identify trading opportunities by comparing relative currency values. It calculates strength based on a configurable lookback period, typically using H4 data, and includes triangular weighting and smoothing options. The robot manages exits usi
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 expert advisor implements an automated strategy based on Smart Money Concepts and the Trading Hub Juka Method. It analyzes market structure, institutional order blocks, and fair value gaps to identify high-probability entry points. The robot features multi-timeframe analysis, evaluating alignment betw
This MetaTrader 5 expert advisor utilizes a combination of Bollinger Bands, Relative Strength Index, and Average Directional Index to identify entries. It supports multi-timeframe analysis for trend confirmation and provides optional filters for Average True Range and price action patterns such as hammers. Risk managem
This MetaTrader 5 expert advisor implements a multi-timeframe strategy based on the TTrades Fractal Model and Dow Theory. It operates using two distinct execution branches: Intraday (D1/H1/M5) and Swing (W1/H4/M15). The system analyzes market structure to identify points of interest, employing wick ratios and optional
This MetaTrader 5 robot employs a dual-strategy approach, switching between trend-following moving average crossovers and RSI-based mean-reversion depending on detected market regimes. It features an integrated walk-forward optimization system that loads optimized parameters from external files to adapt to changing vol
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
This MetaTrader 5 expert advisor acts as a meta-strategy container that executes multiple underlying trading strategies simultaneously. Built on the EA31337 framework, it aggregates signals from various included strategy files across several timeframes ranging from M15 to H8. The EA manages trade entries and exits base
This multistrategy expert advisor for MetaTrader 5 combines currency strength analysis, breakout/reversal logic, and swap carry trading. It targets various markets including forex, gold, oil, indices, and crypto. Trade execution involves ATR-based stop losses, multiplier-based take profits, and partial closing mechanis
Chimera is an automated trading system for MetaTrader 5 designed to trade XAUUSD through multi-asset confluence. It analyzes price action across several timeframes, from M5 to H4, and incorporates inverse correlation filters using the US Dollar Index and US30. The EA identifies entries using harmonic patterns and RSI d
This MetaTrader 5 expert advisor utilizes Smart Money Concepts and pure price action to execute trades without traditional technical indicators. By analyzing raw candle data, it identifies market structures, order blocks, and various fair value gaps. The system includes multiple versions, ranging from simple price acti
Garxy Fenx Lite is a trading framework for MetaTrader 5 that uses a multi-engine architecture to analyze market conditions and execute trades. The robot evaluates volatility, trend, and range data to calculate confidence scores for strategy and risk before opening positions. It manages trades using either fixed point t
Steadx is an Expert Advisor for MetaTrader 5 that automates various Smart Money Concepts and ICT strategies. It utilizes multiple entry models, including Order Block and Fair Value Gap confluences, the Unicorn model, and liquidity sweeps during specific sessions. The system filters trades using higher-timeframe trend a
MTF Confluence Trend is a MetaTrader 5 expert advisor designed for trend-following across multiple timeframes. It initiates trades when the local Supertrend indicator aligns with a higher timeframe trend, further filtered by ADX strength and optional volume conditions. The robot includes risk management features such a
MT5 AutoEA is a multi-strategy trading robot for MetaTrader 5 that utilizes an ensemble approach to market participation. It incorporates over twenty modular strategies, including trend following, mean reversion, and breakouts, which can be toggled individually. The EA supports two execution modes: a portfolio mode for
This MetaTrader 5 expert advisor automates several price action strategies, including pin bar reversals at support and resistance levels, trendline bounces, and break-and-retest patterns. The robot employs multi-timeframe analysis to align entries with higher timeframe trends. Risk controls include percentage-based pos
Ravan EA is a multi-indicator confluence trading robot for MetaTrader 5. It utilizes a scoring engine based on seven indicators, including EMA crossovers, Supertrend, ADX, RSI, automated support and resistance levels, candlestick patterns, and volume analysis. The expert advisor enters trades when a user-defined signal
This MetaTrader 5 expert advisor implements a multi-layer Smart Money Concepts strategy across twelve currency pairs and gold. It utilizes a weighted scoring engine to evaluate setups based on market structure, liquidity sweeps, fair value gaps, and technical indicators like RSI and VWAP. The robot identifies break of
Project Chimera is an algorithmic trading robot for MetaTrader 5 that executes trades on XAUUSD. The system employs a modular architecture to synthesize signals from RSI divergence, harmonic patterns, and trend confirmation across multiple timeframes. It utilizes a multi-asset correlation filter monitoring the US Dolla
Gold FX EA is a multi-asset trading robot for MetaTrader 5 that functions as a modular framework for various technical strategies. It allows users to toggle specific modules for forex, gold, silver, cryptocurrencies, and commodities. Strategies include trend following with moving averages, Bollinger Band mean reversion
This machine learning expert advisor for MetaTrader 5 utilizes ensemble and deep learning models to analyze market patterns. It offers a versatile multi-strategy approach, allowing users to toggle between trend-following, scalping, and grid-hedging behaviors. Risk controls are comprehensive, featuring fixed percentage
Gold Domination is an automated trading robot for MetaTrader 5 developed for the gold market. It utilizes a strategy based on CCI, Williams %R, and ADX indicators, supplemented by price action patterns and Fibonacci confluence. The EA incorporates intermarket analysis by tracking the US Dollar Index and the VIX fear in
Adaptive Forex AI Trader is a MetaTrader 4 expert advisor designed for automated trading across various currency pairs and gold. It incorporates machine learning, candlestick pattern recognition, and multi-timeframe analysis to generate trade signals. Risk is controlled through stop loss and take profit levels, a trail
EA MultiStrategy Advanced is an automated trading robot for MetaTrader 5 that integrates technical analysis with machine learning models. It utilizes a combination of RSI, Bollinger Bands, and Moving Average crossovers alongside LSTM-based deep learning signals to identify market patterns. The system features rigorous
Strategy Meta RSI is an Expert Advisor for MetaTrader 5 that utilizes a meta-strategy approach to execute trades. It selects and alternates between different internal trading strategies depending on the current daily Relative Strength Index value. Built on the EA31337 framework, it supports simultaneous operation acros
This MetaTrader 4 expert advisor implements the No Nonsense Forex (NNFX) algorithmic trading strategy. It utilizes a multi-layered approach for trade entries, incorporating a primary confirmation indicator, a secondary confirmation indicator, a volume filter, and a baseline for trend direction. The bot includes risk ma
This MetaTrader 4 expert advisor implements a multi-strategy approach to automated trading using several technical indicator combinations. It features distinct logic for long and short positions, utilizing the Relative Strength Index, Moving Average Convergence Divergence, and Ichimoku Kinko Hyo. Buy signals are genera
HGSS Candle Bob is an automated trading system for MetaTrader 4 that identifies trade setups using candle sequences and external library signals. It evaluates market conditions via the HGI library to detect trends and ranges, allowing for both trend-following and pullback strategies. Risk management includes fixed lot
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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