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PipsGrowth
Open Source .mq5

Open Source MT5 Expert Advisors

Free .mq5 source code downloads — open source automated trading robots for MetaTrader 5

560
Expert Advisors
24
Free
0
Exclusive

24 results

Trend

Pipsgrowth EX07005 MA

Pipsgrowth.com EX07005 GoldScalper_TripleEMA_LagReduction — Triple EMA alignment for reduced lag, full 12-layer stack.

XAUUSD
Medium RiskM15, M5
Trend

Pipsgrowth EX07010 MA

Pipsgrowth.com EX07010 built_in — Multi-indicator EA with MA/RSI/MACD/Bands/Fractals/Alligator/SAR, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Mean Rev.

Pipsgrowth EX09022 MeanReversion

Pipsgrowth.com EX09022 Mean Reverse — MA crossover with ATR mean-reversion bands, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Trend

Pipsgrowth EX07018 MA

Pipsgrowth.com EX07018 XAUUSD_M5_EMA_Crossover_EA — EMA crossover with trailing/breakeven, full 12-layer stack.

XAUUSD
Medium RiskM5
Mean Rev.

Pipsgrowth EX09002 MeanReversion

Pipsgrowth.com EX09002 CCI 2MAVG EA — CCI/zero cross + 2-MA cross mean-reversion, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Trend

Pipsgrowth EX08005 MACD

Pipsgrowth.com EX08005 MACD_EA - MACD crossover with MA filter, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Mean Rev.

Pipsgrowth EX09008 MeanReversion

Pipsgrowth.com EX09008 HangingManHammer RSI — candlestick reversal + RSI confirm, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Scalping

Pipsgrowth EX10003 Momentum-Scalper

Pipsgrowth.com EX10003 LSTMRisk XAUUSD 5M — LSTM-risk momentum confluence scalper, full 12-layer stack.

XAUUSD
High RiskM5
Mean Rev.

Pipsgrowth EX09011 MeanReversion

Pipsgrowth.com EX09011 R2WM_Reversal — RSI+BB+WPR triple reversal, full 12-layer stack.

XAUUSDXAGUSDEURUSDUSDJPY
Medium RiskM5, M15
Mean Rev.

Pipsgrowth EX09004 MeanReversion

Pipsgrowth.com EX09004 VolumeTrap XAUUSD 5M — volume-confirmed liquidity trap reversal, full 12-layer stack.

XAUUSD
Medium RiskM5
Mean Rev.

Pipsgrowth EX09020 MeanReversion

Pipsgrowth.com EX09020 EX9 Multi-Symbol MRBO Scalper — Auto-regime MR/BO scalper, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Mean Rev.

Pipsgrowth EX09015 MeanReversion

Pipsgrowth.com EX09015 BBRSI_XAUUSD_5M — BB+RSI mean reversion for Gold, full 12-layer stack.

XAUUSD
Medium RiskM5
Trend

Pipsgrowth EX07008 MA

Pipsgrowth.com EX07008 MACrossover_XAUUSD_5M — Fast/Slow EMA crossover with trailing and pyramiding, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Mean Rev.

Pipsgrowth EX09019 MeanReversion

Pipsgrowth.com EX09019 BreakRevertPro — Statistical breakout/reversion hybrid with multi-TF probability, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Mean Rev.

Pipsgrowth EX09024 MeanReversion

Pipsgrowth.com EX09024 RSIMeanReversion — RSI extremes mean-reversion with static SL/TP, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Scalping

Pipsgrowth EX10001 Momentum-Scalper

Pipsgrowth.com EX10001 GoldScalpingEA — 4-vote momentum confluence scalper, full 12-layer stack.

XAUUSD
High RiskM5, M15
Scalping

Pipsgrowth EX10005 Momentum-Scalper

Pipsgrowth.com EX10005 Scalper XAUUSD 5M — fractal breakout momentum scalper, full 12-layer stack.

XAUUSD
High RiskM5, M15
Mean Rev.

Pipsgrowth EX09021 MeanReversion

Pipsgrowth.com EX09021 ExpWPRBB — WPR + Bollinger Bands mean-reversion with ATR SL/TP, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Scalping

Pipsgrowth EX10004 Momentum-Scalper

Pipsgrowth.com EX10004 TSI XAUUSD 5M — True Strength Index momentum scalper, full 12-layer stack.

XAUUSD
High RiskM5, M15
Mean Rev.

Pipsgrowth EX09012 MeanReversion

Pipsgrowth.com EX09012 RSI_V1_EA — RSI reversal from extreme zones, full 12-layer stack.

XAUUSDXAGUSDEURUSDUSDJPY
Medium RiskM5, M15
Scalping

Pipsgrowth EX10006 Momentum-Scalper

Pipsgrowth.com EX10006 USDJPY Scalper — USDJPY pullback momentum scalper, full 12-layer stack.

USDJPY
High RiskM1, M5
Mean Rev.

Pipsgrowth EX09005 MeanReversion

Pipsgrowth.com EX09005 Ichimoku Osc XAUUSD 5M — smoothed TK oscillator V-shape reversal, full 12-layer stack.

XAUUSD
Medium RiskM5
Trend

Pipsgrowth EX07011 MA

Pipsgrowth.com EX07011 built_in_ECCD197197EC — multi-indicator confluence with MA/RSI/MACD/Bands/Fractals/SAR, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Mean Rev.

Pipsgrowth EX09007 MeanReversion

Pipsgrowth.com EX09007 HangingManHammer MFI — candlestick reversal + MFI confirm, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
MT5 Expert Advisor Guide

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.

Market Analysis
Instant Execution
Risk Management
Runs 24/5

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. 1

    Open MT5, click File → Open Data Folder from the top menu

  2. 2

    Navigate to MQL5 → Experts and paste the downloaded .mq5 file

  3. 3

    In MT5, right-click Expert Advisors in the Navigator panel and click Refresh

  4. 4

    Drag the new EA from the Navigator onto any chart

  5. 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.

21 vs 9
Timeframes
Far more timeframe support
MQL5
Faster Language
More powerful than MQL4
Faster
Backtesting
Multi-pass parallel algorithms

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.