Open Source MT5 Expert Advisors
Free .mq5 source code downloads — open source automated trading robots for MetaTrader 5
24 results
Pipsgrowth EX12003 MultiIndicatorConfluence
Pipsgrowth.com EX12003 Confluence XAUUSD 5M — 4-indicator AND-gate confluence EA, full 12-layer stack.
Pipsgrowth EX10011 Momentum-Scalper
Pipsgrowth.com EX10011 ic_gold MomentumScalper — 6-vote momentum consensus scalper, full 12-layer stack.
Pipsgrowth EX08004 MACD
Pipsgrowth.com EX08004 ExpertMACD — MACD crossover signal EA, full 12-layer stack.
Pipsgrowth EX09016 MeanReversion
Pipsgrowth.com EX09016 StochReversal_XAUUSD_5M — Stochastic reversal with EMA filter, full 12-layer stack.
Pipsgrowth EX07016 MA
Pipsgrowth.com EX07016 CEZLSMA_XAUUSD_5M — Chandelier Exit + ZLSMA cross with HA confirm, full 12-layer stack.
Pipsgrowth EX08002 MACD
Pipsgrowth.com EX08002 GoldScalper_MACDScalp_TrendFollowing — MACD trend scalper with pyramiding, full 12-layer stack.
Pipsgrowth EX09010 MeanReversion
Pipsgrowth.com EX09010 Thanos Snap XAUUSD 5M — RSI+CCI contrarian reversal + optional recovery grid, full 12-layer stack.
Pipsgrowth EX07013 MA
Pipsgrowth.com EX07013 MA_Cross_EA — MA cross with RSI/ADX filter and signal clustering, full 12-layer stack.
Pipsgrowth EX07017 MA
Pipsgrowth.com EX07017 Crossing_Moving_Average — dual MA crossover with momentum filter, full 12-layer stack.
Pipsgrowth EX09001 MeanReversion
Pipsgrowth.com EX09001 RSI V2 EA — RSI mean-reversion + full 12-layer stack.
Pipsgrowth EX07006 MA
Pipsgrowth.com EX07006 MAFractal_XAUUSD_5M — Triple EMA trend with fractal pullback entries, full 12-layer stack.
Pipsgrowth EX07009 MA
Pipsgrowth.com EX07009 BasicMAEA — Basic Fast/Slow EMA crossover, full 12-layer stack.
Pipsgrowth EX09006 MeanReversion
Pipsgrowth.com EX09006 HangingManHammer CCI — candlestick reversal + CCI confirm, full 12-layer stack.
Pipsgrowth EX08007 MACD
Pipsgrowth.com EX08007 CCI_MACD_Scalper — CCI zero cross with MACD confirm and EMA filter, full 12-layer stack.
Pipsgrowth EX07012 MA
Pipsgrowth.com EX07012 EMA_Crossover_EA — fast/slow EMA crossover with SL/TP, full 12-layer stack.
Pipsgrowth EX09003 MeanReversion
Pipsgrowth.com EX09003 CycleSwing XAUUSD 5M — CCI ±100 + Stochastic cross mean-reversion, full 12-layer stack.
Pipsgrowth EX09014 MeanReversion
Pipsgrowth.com EX09014 GoldScalper_RSIReversion — RSI extreme reversion for Gold, full 12-layer stack.
Pipsgrowth EX07014 MA
Pipsgrowth.com EX07014 Moving_Average — classic MA crossover with risk-based lot sizing, full 12-layer stack.
Pipsgrowth EX07007 MA
Pipsgrowth.com EX07007 sma — Triple SMA crossover with spread separation, full 12-layer stack.
Pipsgrowth EX07015 MA
Pipsgrowth.com EX07015 One_MA_EA — single MA price crossover with channel levels, full 12-layer stack.
Pipsgrowth EX09018 MeanReversion
Pipsgrowth.com EX09018 BolRSIMAs — Bollinger Bands + RSI mean-reversion with EMA filter, full 12-layer stack.
Pipsgrowth EX10002 Momentum-Scalper
Pipsgrowth.com EX10002 RSI Momentum XAUUSD 5M — Fast/Slow RSI cross + 200-EMA trend filter, full 12-layer stack.
Pipsgrowth EX08001 MACD
Pipsgrowth.com EX08001 MACD TrailingStop XAUUSD 5M — MACD cross + Chandelier trail, full 12-layer stack.
Pipsgrowth EX08003 MACD
Pipsgrowth.com EX08003 TripleMACD_XAUUSD_5M — triple MACD layered trend system, full 12-layer stack.
What Is an MT5 Expert Advisor?
An MT5 Expert Advisor (also called an EA or forex robot) is an automated trading program written in MQL5 that runs directly inside MetaTrader 5. An EA analyzes the market, opens trades, and manages open positions automatically — without manual intervention. It can send orders, modify stop-losses, take partial profits, and close trades based on pre-programmed rules and indicator signals.
Why Open Source Expert Advisors?
We believe in full transparency in automated trading. Unlike commercial closed-source EAs, our Expert Advisors include the complete MQL5 source code.
- Full MQL5 source code included for complete audit
- Customize parameters to fit your trading style
- No hidden fees, no black boxes
- Full transparency in strategy logic and signals
How to Install an Expert Advisor on MT5
Click any EA above to download the .mq5 source file, then follow these five steps:
- 1
Open MT5, click File → Open Data Folder from the top menu
- 2
Navigate to MQL5 → Experts and paste the downloaded .mq5 file
- 3
In MT5, right-click Expert Advisors in the Navigator panel and click Refresh
- 4
Drag the new EA from the Navigator onto any chart
- 5
Enable Allow Algo Trading in the settings dialog and click OK
MT5 vs MT4 Expert Advisors — Which Is Better?
MT5 outperforms MT4 in several key areas for EA developers. All Expert Advisors in our library are written exclusively for MT5 using MQL5.
Clear Warning: Educational Purposes Only
All Expert Advisors in this library are for educational and testing purposes only. Do NOT use them with real money. Test only on demo accounts. Automated trading with real money involves substantial risk of capital loss. These tools do not constitute investment advice.