Open Source MT5 Expert Advisors
Free .mq5 source code downloads — open source automated trading robots for MetaTrader 5
8 results
Pipsgrowth EX02022 Breakout
Pipsgrowth.com EX02022 DonchianBreakout_XAUUSD_5M — Donchian breakout with trailing and pyramiding, full 12-layer stack.
Pipsgrowth EX02024 Breakout
Pipsgrowth.com EX02024 Breakdown — daily breakout with pending stop orders and trailing, full 12-layer stack.
Pipsgrowth EX02001 Breakout
Pipsgrowth.com EX02001 HFS NS92 XAUUSD 5M — fractal Donchian breakout with RSI extreme filter, full 12-layer stack.
Pipsgrowth EX01007 Adaptive
Pipsgrowth.com EX01007 Adaptive XAUUSD 5M — multi-indicator signal scorer with regime filter, full 12-layer stack, configurable timeframe, trailing/BE/profit-lock toggles, pyramid gate, spread filter, new-bar gate, filling mode detection.
Pipsgrowth EX02026 Breakout
Pipsgrowth.com EX02026 XAUUSD_M5_Donchian_EA — Donchian breakout with RSI and speed filter, full 12-layer stack.
Pipsgrowth EX02010 Breakout
Pipsgrowth.com EX02010 HA Engulf — Heikin-Ashi engulfing (bull+bear) + Hull-MA + EMA + MACD confirm, full 12-layer stack.
Pipsgrowth EX02028 Breakout
Pipsgrowth.com EX02028 EX8 Multi-Symbol VWAP+KAMA Donchian — multi-symbol scalper with ADX regime switch, full 12-layer stack.
Pipsgrowth EX02025 Breakout
Pipsgrowth.com EX02025 Donchian_Channel_EA — classic Donchian channel breakout with trailing, 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.