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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

Grid

Pipsgrowth EX03018 Grid

Pipsgrowth.com EX03018 SuperTrend_Pyramid — SuperTrend+MACD pyramid with Hull MA exit, full 12-layer stack.

XAUUSD
Very High RiskM5, H1
Hedging

Pipsgrowth EX05004 Hedge

Pipsgrowth.com EX05004 Tokyo Intervention Hedger — asymmetric dual-engine (SMC-long / PDL-short) hedge, full 12-layer stack.

USDJPY
High RiskH1, M15
Grid

Pipsgrowth EX03019 Grid

Pipsgrowth.com EX03019 GoldGridMartingale — grid + martingale for XAUUSD, full 12-layer stack.

XAUUSD
Very High RiskM5, H1
Grid

Pipsgrowth EX03026 Grid

Pipsgrowth.com EX03026 USDJPY_Aggressive_Pyramid — MTF Hull MA pyramid with regime detection, full 12-layer stack.

USDJPY
Very High RiskM5
Hedging

Pipsgrowth EX05005 Hedge

Pipsgrowth.com EX05005 EA_Correlations  multi-strategy correlation hedging EA, full 12-layer stack.

EURUSDAUDUSDUSDCAD
High RiskM5
Grid

Pipsgrowth EX03017 Grid

Pipsgrowth.com EX03017 PipsGrowth_EA_PyramidHullRsiBB — multi-indicator pyramid scalper, full 12-layer stack.

XAUUSD
Very High RiskM5, H1
Grid

Pipsgrowth EX03014 Grid

Pipsgrowth.com EX03014 MT5_BuildYourGridEA — configurable grid system, full 12-layer stack.

XAUUSD
Very High RiskM1, M15
Grid

Pipsgrowth EX03010 Grid

Pipsgrowth.com EX03010 GoldPyramid_XAUUSD_5M — ADX/EMA pyramid with risk-based lot sizing, full 12-layer stack.

XAUUSD
Very High RiskM5
Grid

Pipsgrowth EX03016 Grid

Pipsgrowth.com EX03016 PipsGrowth_EA_GoldScalpingPyramid — gold breakout scalper with pyramid scaling, full 12-layer stack.

XAUUSDXAGUSD
Very High RiskM5, M30
Grid

Pipsgrowth EX03012 Grid

Pipsgrowth.com EX03012 GoldPyramidScalper — Gold scalping with safe pyramiding, full 12-layer stack.

XAUUSD
Very High RiskM5, H1
Grid

Pipsgrowth EX03013 Grid

Pipsgrowth.com EX03013 MartingalePulse — multi-strategy grid with martingale recovery, full 12-layer stack.

XAUUSD
Very High RiskM5, H1
Grid

Pipsgrowth EX03015 Grid

Pipsgrowth.com EX03015 MyGridEA — advanced grid with HF trend riding and equity protection, full 12-layer stack.

XAUUSD
Very High RiskM1, M15
Hedging

Pipsgrowth EX05009 Hedge

Pipsgrowth.com EX05009 Correlation_Matrix_3D — 3D correlation matrix visualization, full 12-layer stack.

EURUSDGBPUSD
High RiskM5
Hedging

Pipsgrowth EX05001 Hedge

Pipsgrowth.com EX05001 HedgedGrid XAUUSD 5M — RSI reversion + hedged grid (default OFF), full 12-layer stack.

XAUUSD
High RiskM5, H1
Grid

Pipsgrowth EX03004 Grid

Pipsgrowth.com EX03004 Aggressive_Pyramid_Buy — buy-only pyramid with 8-13-21 EMA trend alignment, full 12-layer stack.

USDJPY
Very High RiskM5, H1
Grid

Pipsgrowth EX03002 Grid

Pipsgrowth.com EX03002 Recovery_XAUUSD_5M — RSI+MA trend entry with optional recovery grid, full 12-layer stack.

XAUUSD
Very High RiskM5
Grid

Pipsgrowth EX03024 Grid

Pipsgrowth.com EX03024 ControlGrid_XAUUSD_5M — RSI-filtered grid with lot multiplier and basket TP, full 12-layer stack.

XAUUSD
Very High RiskM5
Breakout

Pipsgrowth EX02032 Breakout

Pipsgrowth.com EX02032 DAILY_RANGE_BREAKOUT_EA — session range breakout visualization, full 12-layer stack.

XAUUSD
Medium RiskM5, H1
Grid

Pipsgrowth EX03006 Grid

Pipsgrowth.com EX03006 Avalanche_AV  random entry with martingale recovery and drawdown protection, full 12-layer stack.

XAUUSD
Very High RiskM5, H1
Grid

Pipsgrowth EX03025 Grid

Pipsgrowth.com EX03025 DHLAOS — Daily High/Low + Andean Oscillator scalping with grid, full 12-layer stack.

AUDUSD
Very High RiskM5
Grid

Pipsgrowth EX03009 Grid

Pipsgrowth.com EX03009 Gold_Pyramid_Stacker — multi-filter pyramid with ATR step and basket management, full 12-layer stack.

XAUUSD
Very High RiskM15, M5
Trend

Pipsgrowth EX07001 MA

Pipsgrowth.com EX07001 TrailingStop XAUUSD 5M — EMA cross + Chandelier trail, full 12-layer stack.

XAUUSD
Medium RiskM5
Grid

Pipsgrowth EX03007 Grid

Pipsgrowth.com EX03007 Exp_CloseAllPositionsByTime — scheduled close-all utility, full 12-layer stack.

XAUUSD
Very High RiskM5
Breakout

Pipsgrowth EX02034 Breakout

Pipsgrowth.com EX02034 DonchianExpert — Donchian channel breakout with toggleable ADX/MACD/RSI filters, trailing, break-even, profit lock, pyramid gate.

XAUUSD
Medium RiskH1, M5
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.