MetaTrader Expert Advisors
Here you can download MT4 and MT5 expert advisors (EAs, also called robots) that can be used with the MetaTrader Forex trading platform to enhance your currency trading results with completely automated trading or simple expert advising (signals you can choose whether to act on or not). The expert advisors presented here implement the best trading strategies. They are free and open-source, so you can test and change them as you like before applying them on your real or demo Forex account. The results of my own testing are also shown for your convenience. The top expert advisors were selected to yield considerable profit with low maximum drawdown during backtests. You will need an account with some of the MT4 Forex brokers to use any of the MT4 EAs presented here. If you want to use an MT5 EA, you would need to open an account with a broker that supports MT5 version of the platform.
If you experience any problem whole installing a MetaTrader expert advisor in your platform, please refer to this tutorial: MetaTrader Expert Advisors User's Tutorial.
If you want to achieve higher backtesting quality for your expert advisors, please read this tutorial on importing and converting quality historical data in MetaTrader: MetaTrader History Data Importing and Converting Tutorial for Quality Backtesting.
| Title | Currency pairs | Timeframes | CPU load | Test period | Test lots | Best result | Test profit | Max DrawDown |
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| Heiken Ashi Naïve | EUR/JPY | D1 | Low | 01/01/2001– 12/06/2013 |
0.1 | EUR/JPY @ D1 | ~111% | ~16% |
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| PersistentAnti | All | All | Low | 01/01/2009– 04/16/2013 |
0.1 | EUR/USD | ~20% | ~9% |
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| Ichimoku Chikou Cross | All | All | Low | 01/01/2001– 05/23/2013 |
0.1 | EUR/USD @ D1 | ~67% | ~8% |
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| Bollinger Bands Breakout | All | All | Low | 03/01/2019– 12/01/2020 |
0.1 | EUR/USD @ H1 | ~3.2% | ~2.7% |
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| ATR Trailer | All | All | Low | 12/13/2010– 08/05/2011 |
0.1 | EUR/USD @ H1 | ~15% | ~6% |
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| Adjustable MA 3G | All | All | Average | 07/01/2015– 03/16/2016 |
0.1 | EUR/USD @ M5 | ~16% | ~7% |
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| Spike Trader | All | All | Low | 01/01/2001– 05/11/2012 |
0.1 | USD/CAD @ D1 | ~74% | ~5% |
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| Weekly Breakout | All | W1 | Almost 0% | 01/01/2001– 02/07/2014 |
0.1 | GBP/USD @ W1 | ~53% | ~20% |
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| MACD Pattern | EUR/USD | H4 | Average | 11/19/2006– 12/30/2013 |
0.3 | EUR/USD @ H4 | ~113% | ~29% |
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| Bill Williams Alligator | All | All | Low | 03/01/2019– 12/01/2020 |
0.1 | EUR/USD @ H1 | ~14% | ~6% |
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| 2 MA Crossover | All | All | Low | 03/01/2019– 12/01/2020 |
0.1 | EUR/USD @ M30 | – | ~15% |
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| myPickyBreakout | All | All | Low | 11/19/2004– 01/24/2014 |
0.1 | EUR/USD @ D1 | ~12% | ~24% |
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| Binario | All | All | Average | 11/19/2006– 01/24/2014 |
1.0 | GBP/USD @ D1 | ~63% | ~57% |
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| Adjustable MA | All | All | Low | 04/01/2008– 01/24/2014 |
0.1 | EUR/USD @ M5 | ~12% | ~13% |
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| Parabolic SAR | All | All | Low | 03/01/2019– 12/01/2020 |
0.1 | EUR/USD @ H1 | – | ~47% |
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| Stochastic Oscillator | All | All | Low | 03/01/2019– 12/01/2020 |
0.1 | EUR/USD @ M15 | – | ~70% |
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| AUD/JPY Wednesday 15:00 | AUD/JPY | H1 | Almost 0% | 07/07/2008– 11/09/2009 |
1.0 | AUD/JPY @ H1 | – | ~100% |
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| Framework | All | All | Average | 11/20/2006– 01/24/2014 |
0.1 | GBP/JPY @ D1 | – | ~100% |
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| Phoenix | GBP/USD USD/JPY EUR/JPY GBP/JPY USD/CHF | All | Low | 11/19/2006– 01/24/2014 |
1.0 | GBP/USD @ M15 | – | ~100% |
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| Otkat | All | H1 | Low | 11/19/2006– 01/27/2014 |
1.0 | EUR/USD @ H1 | – | ~100% |
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| MACD Sample | All | All | Low | 11/19/2006– 12/30/2013 |
0.3 | GBP/USD @ H4 | – | ~100% |
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| Artificial Intelligence | All | All | Average | 11/19/2006– 01/24/2014 |
0.1 | GBP/USD @ H1 | – | ~100% |
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| myFXOverEasy | All | All | High | 11/19/2006– 12/30/2013 |
0.1 | USD/CHF @ H4 | – | ~100% |
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| Account Protector | All | All | Low | – | – | – | – | – |
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| AutoTrading Scheduler | All | All | Low | – | – | – | – | – |
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| Chart Pattern Helper | All | All | Average | – | – | – | – | – |
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| One-Click Trade Pro | All | All | Average | – | – | – | – | – |
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| News Trader | All | All | Low | – | – | – | – | – |
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| Time Line Auto Close | All | All | Low | – | – | – | – | – |
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| ATR Trailing Stop | All | All | Low | – | – | – | – | – |
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| Move Stop to Breakeven | All | All | Low | – | – | – | – | – |
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| Amazing | All | All | Low | – | – | – | – | – |
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| Fractals Trailing Stop | All | All | Low | – | – | – | – | – |
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| PSAR Trailing Stop | All | All | Low | – | – | – | – | – |
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| Fixed Step Trailing Stop | All | All | Low | – | – | – | – | – |
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| High/Low Trailing Stop | All | All | Low | – | – | – | – | – |
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| Supertrend Trailing Stop | All | All | Low | – | – | – | – | – |
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| Ghost SL & TP | All | All | Low | – | – | – | – | – |
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| myRandom | All | All | Low | 11/19/2006– 01/25/2014 |
0.1 | GBP/JPY @ H1 | – | ~100% |
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| Moving Average Trailing Stop | All | All | Low | – | – | – | – | – |
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| MT4 Expert Advisor Template | All | All | None | – | – | – | – | – |
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Nearly all EAs listed here feature some
There are three categories of the MT4/MT5 expert advisors listed above:
ECN-compatible — such expert advisors either detect the broker's execution type automatically or have a special input parameter called ECN_Mode, which when set to true will switch the EA to ECN mode so that allstop-loss /take-profit levels are applied only after position is opened. This will create a small delay in execution and also a short period when position exists without astop-loss but, usually, both are negligible.ECN-incompatible — expert advisors from this group will most probably not work properly with market execution brokers. They will trigger OrderSend Error 130 messages and their orders will not go through the ECN execution system. You will have to either try modifying them yourself, disabling SL/TP levels, or switch your broker to the one with instant execution.ECN-safe — these EAs have no problem working with market execution because they either do not use explicitstop-loss /take-profit levels or trade solely via pending orders, which is OK with ECN Forex brokers. They do not have any special input parameters for enabling ECN mode.
Each expert advisor's category is visible on its description page along with a detailed explanation of this category.
If you want to share your own expert advisor or if you want to comment on any Forex robot (EA) presented here, please visit our forum on MetaTrader expert advisors.