Forex Indicators and EAs for Metatrader (MT4/MT5) (2024)

$299 Harmonacci PatternsThis indicator detects fibonacci price patterns and offers a multi-symbol and multi-timeframe scanner. MT4 MT5
$249 Day TradingIntraday trading indicator designed for scalping, without backpainting or repainting. It has a 90% winning ratio. MT4 MT5
$249 Swing TradingThe first indicator designed to detect baseline swings in the direction of the trend and possible reversal swings. MT4 MT5
$249 Divergence TradingThis indicator finds regular and hidden divergences on many symbols and timeframes, using lots of well known oscillators. MT4 MT5
$249 Mean ReversionUnique indicator that implements a quantitative approach to mean reversion trading. MT4 MT5
$249 Trend TradingIndicator designed to profit from trends, pullbacks, inside bar breakouts and possible corrections. MT4 MT5
$149 Support ResistanceTired of plotting support and resistance lines? This indicator auto-detects and plots support and resistance lines for you! MT4 MT5
$125 Lopez TrendThis indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. MT4 MT5
$125 Turning PointsThis indicator examines fractals of different periods to determine possible reversal points in the market. MT4 MT5
$125 Order BlockOrder blocks are price reversal structures tht appear after the market makes a new high or a new low. MT4 MT5
$99 Candlestick PatternsThis indicator recognizes over 30 Japanese candlestick patterns on your chart. A must-have indicator. MT4 MT5
$99 Wolfe WavesA natural and reliable reversal pattern present in all markets and timeframes, that precedes big market movements. MT4 MT5
$99 Currency MeterThis indicator measures individual currencies using a processor of your choosing. MT4 MT5
$99 Supply DemandThis indicator analyzes past price action to anticipate buying and selling pressure in the market. Use for confirmation! MT4 MT5
$99 Multi OscillatorThis indicator plots an oscillator of your choosing for many symbols and timeframes in a single chart. MT4 MT5
$75 ABCD Retracement The ABCD Retracement is the foundation for all fibonacci price patterns. Implements custom ratios and alerts. MT4 MT5
$75 Double Top / BottomThis indicator finds double top and double bottom chart patterns, a must-have tool for price action traders. MT4 MT5
$75 Head and ShouldersThis indicator finds shoulder-head-shoulder chart patterns and implements alerts. MT4 MT5
$75 Triple Top / BottomThis indicator finds triple top and triple bottom reversal patterns and implements alerts of all kinds. MT4 MT5
$75 123 PatternThe 123 Pattern is one of the most popular, powerful and flexible chart patterns, present during trends and reversals. MT4 MT5
$75 PennantsThis indicator finds pennants, which are continuation patterns, and implements alerts of all kinds. MT4 MT5
$75 WedgesThis indicator finds wedges, which are continuation patterns, and implements alerts of all kinds. MT4 MT5
$75 Cup and HandleCup and handle is both a continuation and a reversal pattern. The indicator implements alerts of all kinds. MT4 MT5
$75 Lopez ImpulseThis indicator evaluates volatility and price directionality to find strong and decisive bullish or bearish movements. MT4 MT5
$75 Flat Market IndexThis indicator calculates how much has a symbol moved in relative terms to find trending or flat markets. MT4 MT5
$75 Lopez EfficiencyThis indicator analyzes how efficient is the current market movement based on the true high-low ratio of a certain period. MT4 MT5
$49 Lopez PressureThis indicator anticipates price reversals analyzing bullish and bearish pressure volume in the market. An amazing trade filter. MT4 MT5
$49 Fractal ChannelThis indicator signals fractal breakouts and plots the fractal channel on the chart. Implements alerts of all kinds. MT4 MT5
FREE Penta-OA 6-point harmonacci retracement pattern which precedes big market movements. MT4 MT5
FREE Three DrivesThe three drives pattern signals that the market is exhausted and a reversal is likely to take place. MT4 MT5
FREE Super TrendCustom implementation of the famous super trend indicator, with scanner, dashboard and alerts. MT4 MT5
FREE Binary OptionsThis indicator analyzes price action patterns and helps you to make positive equity decisions in the binary options market. MT4 MT5
FREE Risk Management Monitoring the vital constants of your trading account has never been easier! Keep your trading account healthy with this tool. MT4 MT5
FREE CorrelationThis indicator measures of how different securities move in relation to another, making portfolio management easier. MT4 MT5
FREE Absolute GainsThis indicator calculates how much has a symbol won or lost in percentage terms during a period of time. MT4
FREE Market SentimentThis indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading confirmation. MT4 MT5
FREE Turtle TradingAn indicator implementation of the original Richard Dennis and Bill Eckhart trading system, known as the Turtle Trader. MT4 MT5
FREE OscillatorUnique, smooth and responsive accelerometer which reveals the market trend and strength. MT4 MT5
FREE TrendlinesTired of plotting trendlines? This indicator applies a mechanical approach to the construction of trendlines. MT4 MT5
FREE Pivot PointsLooking for a top-quality pivot points indicator? This indicator calculates and displays pivot points for you. MT4 MT5
FREE StretchA Toby Crabel price pattern used to calculate two breakout levels for the current trading day, using the 10-day simple moving average. MT4 MT5
FREE Keltner ChannelA multi-timeframe indicator designed to find overbought and oversold price areas, using a moving average and ATR. MT4
FREE VolatmeterA multi-timeframe indicator designed to identify flat markets, price spikes and cycles in market movement. MT4 MT5
FREE Market DepthAmazing indicator that displays information about the latest price quotes received from the broker, in a visual fashion. MT4 MT5
FREE Tick ChartThis indicator implements a chart-based tick chart with optional moving averages, just like professionals like it. MT4
FREE Reversal FractalsThis indicator points possible price reversals using fractals and breakouts. A great addition to any chart. MT4 MT5
FREE Market ProfileThis indicator shows the price density over time, outlining the most important price levels of each daily trading session. MT4
FREE Lopez ChannelThis indicator identifies the market tendency to trade within a price band, finding oversold and overbought points. MT4 MT5
FREE Inside BarsThis indicator detects inside bars of several ranges and signals the breakout when the market direction is known. MT4 MT5
FREE Sandwich BarsThis indicator detects sandwich bars of several ranges, a very reliable breakout pattern based on price action. MT4 MT5
FREE Lopez FlowA simple yet very useful indicator which highlights the short-term directionality and strength of the market. MT4 MT5
FREE The ZoneThis indicator displays simple buy or sell signals according to Bill Williams definition of trading in the zone. MT4 MT5
FREE Lopez SpeedVectorial indicator which detects if the market is accelerating or decelerating, and in which direction.MT4
FREE Chart OverlayThis indicator overlays the price action of several currency pairs on the same chart, and supports inverted pairs as well. MT4 MT5
FREE Timeframe OverlayStop switching timeframes! This indicator overlays the price action of several timeframes on the same chart. MT4 MT5
FREE Heat FinderFantastic automatic scanner which finds those instruments offering the most volatility and efficient price movement. It finds what to trade. MT4
FREE Synthetic ChartThis indicator creates a candlestick chart plotting the price of one instrument measured against another. MT4 MT5
FREE Megaphone This indicator finds megaphone reversal patterns and implements alerts of all kinds. MT4 MT5
FREE MultidiagonalsThis indicator connects past price points creating diagonals, which can converge in the future to create reversal points. MT4 MT5
FREE Quadrant ThesisGeneral purpose indicator that displays colored lines at fixed price intervals. Implements customizable colors and sizes. MT4 MT5
FREE FibonacciThis indicator displays fibonacci retracements or extensions automatically, calculated from two different price points. MT4 MT5
FREE HHHC LLLCSimple indicator that implements the higher high, higher close, lower low, lower close trend confirmation principle. MT4 MT5
FREE Bollinger TrendCustom implementation of the bollinger bands indicator as a trend following mechanism, with alerts of all kinds. MT4 MT5
FREE Relative ChartsThis indicator plots a mean-reversion chart using a moving average, isolating us from fluctuating currency values. MT4 MT5
FREE Multi TDIA personal implementation of the famous TDI indicator over a wide array of oscillators to find oversold and overbought levels. MT4 MT5
FREE MACD TDIThis indicator implements the logic behind Traders Dynamic Index to the classic MACD Indicator to find meaningful trend changes. MT4 MT5
FREE Order HistoryDisplays the real trade history on any live chart, very much like the visual mode of the strategy tester. MT4 MT5
$349 Latency Arbitrage EAA high-frequency trading strategy that allows traders to profit from pricing inefficiencies between two or more brokers. MT4 MT5
$299 Hedging EAAutomated management strategy that turns losing trades into winners using a unique hedging strategy. MT4 MT5
$299 Averaging EAAutomated management strategy that turns losing trades into winners using averaging. MT4 MT5
$299 Triangular ArbitrageThe triangular arbitrage strategy places risk-free trades in three related forex pairs to exploit temporary market inefficiencies. MT4 MT5
$299 Stop Reverse EAAutomated martingale strategy that turns your losing trades into winners using alternative directional trades. MT4 MT5
$249 Grid Trading EAProfitable and mechanical trading strategy which has no reliance on direction and profits from wavy volatility. MT4 MT5
$149 Local Trade Copier EACopy trades between different metatrader platforms with a powerful, reliable, flexible and tested expert advisor. MT4 MT5
$99 Trade Pad Pro EAThis expert advisor performs position management for you, avoiding human errors and enhancing your trading activity. MT4 MT5
$99 Equity Guardian EAThis expert advisor constantly monitors the equity of your account to enforce trading rules and prevent losses. MT4 MT5
$99 Custom Trader EAThis expert advisor can trade using almost any custom indicator of your choice, with fully customizable settings. MT4 MT5
$49 Turtle Trading EAAn automated implementation of the original Richard Dennis and Bill Eckhart trading system, known as the Turtle Trader. MT4 MT5
$49 Open Range EACustomizable expert advisor that scalps daily breakouts using Toby Crabel opening range breakout strategy. MT4
FREE Balance Guardian EAThis expert advisor constantly monitors the balance of your account to prevent costly dradowns and take profits. MT4 MT5
FREE Easy Trading EAA simple trade assistant created for the eventual or novice trader that simplifies the use of leverage. MT4 MT5
FREE Goldfinch EAA simple and universal pure mathematical scalper that trades tick data aggressively. It can trade any instrument. MT4 MT5
FREE Heiken Ashi EAA simple but powerful expert advisor that trades the Heiken Ashi Smoothed Indicator, with customizable trading settings. MT4
FREE MA Crossover EAThis expert advisor trades moving average crossovers with fully customizable trading settings and hours. MT4 MT5
FREE Parabolic Sar EAThis expert advisor trades the parabolic sar indicator with fully customizable trading settings and hours. MT4 MT5
FREE Random Trader EAThis expert advisor trades in a completely random fashion with customizable stop-loss and take-profit levels. MT4
FREE Pyramid EAFully customizable expert advisor which pyramids your trades, amplifying the profits of your good trading decisions. MT4
FREE The Zone EAThis customizable and flexible expert advisor trades according to Bill Williams definition of the Trading Zone. MT4
FREE MACD Trader EACustomizable expert advisor that trades using the MACD indicator and donchian breakouts. MT4 MT5
FREE Daily Breakout EACustomizable expert advisor that trades daily breakouts using bidirectional pending orders. Flexible position management. MT4 MT5
FREE Fractal Trader EACustomizable expert advisor that trades fractals using bidirectional pending orders. Flexible position management. MT4 MT5
FREE Flexible Breakout EAFantastic expert advisor that trades customizable breakouts using market orders or pending orders, as desired. MT4 MT5
FREE Ichimoku EAFlexible expert advisor that trades according to the Ichimoku Kinko Kyo Indicator and offers multiple entry conditions. MT4 MT5
FREE Bollinger Bands EAThis EA trades according to the Bollinger Bands Indicator. It offers flexible entry strategy and position management. MT4
FREE ADX Trader EAThis EA trades according to the ADX Indicator. It offers flexible entry strategies and position management. MT4 MT5
FREE Pivot Points EAThis EA trades pivot points using pending orders, offering customizable trading sessions and position management. MT4
FREE Trade Pad EAA visual trade panel that provides a simple interface to place trades with proper risk management and other actions. MT4 MT5
FREE Stochastic EAThis EA trades according to the stochastic indicator, offering customizable trading sessions and position management. MT4 MT5
FREE Super Trend EAThis expert advisor trades the super trend indicator with fully customizable trading settings and hours. MT4 MT5
FREE Time Trader EAThis EA can enter and exit trades at specific times. It offers trade management settings, a martingale function and money management features. MT4 MT5
FREE Bollinger Trend EAThis expert advisor trades the bollinger trend indicator with fully customizable trading settings and hours. MT4
FREE RSI Trader EAThis expert advisor trades according to the RSI Indicator with fully customizable trading settings and hours. MT4 MT5
FREE CCI Trader EAThis expert advisor trades according to the CCI Indicator with fully customizable trading settings and hours. MT4 MT5

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Forex Indicators and EAs for Metatrader (MT4/MT5) (2024)

FAQs

Do EAs work on MT5? ›

You can use an EA on MT4, MT5 & cTrader. The MT4 coding language is called MQL4, and is based on C++, whereas the coding language for MT5 is MQL5, which is a more specialised version of C++ built specifically for trading.

Can you use MT4 EA on MT5? ›

The MT4 and MT5 can't run using identical programming languages. Hence, experts coded to work on the MT4 won't work on the MT5, making the scene difficult. MT4 has a very dull and boring future, and we can quote that after following the announcement regarding MT4's future updates.

What is the best EA indicator for MT4? ›

  • 4.1 Athena Expert Advisor.
  • 4.2 1000 Pip Climber Expert Advisor.
  • 4.3 Flex Expert Advisor.
  • 4.4 Ultima Expert Advisor.
  • 4.5 Zeus Expert Advisor.
  • 4.6 FX Fortnite Expert Advisor.
  • 4.7 Calypso Expert Advisor.
  • 4.8 Learn2Trade Expert Advisor.
Feb 19, 2024

Which is better for Forex MT4 or MT5? ›

Is the newer MT5 version better than the MT4 version? Both MT4 and MT5 are the official versions created and distributed by MetaQuotes Software. The new MT5 version is considered to be superior for stock trading and order management, while the older MT4 platform is considered to be superior for forex trading.

Why did Apple ban MT5? ›

The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines. Though, there hasn't been any formal explanation from the company. The MetaTrader ban has surprised traders, especially considering how convenient these platforms are for online Forex trading.

Why do traders prefer MT4 over MT5? ›

MT4 is the better bet if you are certain you will only be trading forex and CFDs, and you want to keep things very simple. It is a simpler platform and easier to get to grips with. If you trade stocks or more than one asset class, MT5 is definitely the right platform for you.

Which is the best trading platform between MT4 and MT5? ›

MT5 offers improved performance compared to MT4, thanks to its multi-threaded strategy tester and optimised code execution. It can handle larger volumes of data and support more sophisticated trading algorithms, making it suitable for advanced traders and institutional investors.

How do I know if my EA is working MT5? ›

To make sure that your EA is running correctly you must first confirm that EAs are enabled on your platform. To do so, check that the 'AutoTrading' button on the main toolbar at the top of the screen is green. In case it is red, click on it to enable EAs. You must then ensure that your EA is enabled for live trading.

What is the most profitable EA for MT5? ›

Best Forex EA Robot Trading 2024
  • ✨ Forex Fury – Best Trading Robot for MT4.
  • ✨ 1000pip Climber System – Best Forex Robot for Beginners.
  • ✨ EA Builder – Best Expert Advisor for MT5.
  • ✨ AutomatedForextools .com - All Forex Robots are 60% off.
  • ✨ GPS Forex Robot – One of the Best AI Forex Trading Bots.
Jan 22, 2024

What is the most accurate indicator for forex? ›

Top 10 forex indicators for FX traders
  • Average true range (ATR)
  • Moving average convergence/divergence (MACD)
  • Fibonacci retracements.
  • Relative strength index (RSI)
  • Pivot point.
  • Stochastic.
  • Parabolic SAR.
  • Ichimoku Cloud.

What is the most profitable indicator in MT4? ›

The Top 10 Best Free MT4 Indicators for Successful Forex Trading in 2024
  1. Harmonic Pattern Indicator. ...
  2. Multi-Timeframe Moving Average Indicator. ...
  3. Dynamic Support and Resistance Indicator. ...
  4. Multi-timeframe Dashboard Indicator. ...
  5. Supply and Demand Zones Indicator. ...
  6. Multi-timeframe Market Matrix Indicator. ...
  7. Trend Line PRO Indicator.
Jan 16, 2024

What will replace MT4 and MT5? ›

Vantage WebTrader, a web-based platform offers traders a convenient alternative to traditional downloadable trading software like MT4 and MT5. As a web platform, it can be accessed easily without the need to download any software, making it ideal for online brokers and traders who value speed and convenience.

Is MT4 or MT5 better for beginners? ›

It provides beginner traders with real-time access to the asset prices. However, it can take some time to learn how to trade with MT5, and hence, it is best to start with MT4 first.

Can I use MT5 without a broker? ›

You can not use MetaTrader platforms for trading without a broker. MT4/MT5 are trading platforms that offer tools and features for analysing quotes and making trades. Nevertheless, this act can be done with a broker's open trading account and connect to the platforms via the menu.

How to enable EA in MT5? ›

Open your MT5 Platform and log in to your account.
  1. Click on "Tools" and select "Options".
  2. Once the "Option" panel is opened, click on "Expert Advisors" tab.
  3. On the "Expert Advisors" tab, click on the box next to "Allow algorithmic trading" and "Allow DLL imports" to put a check mark on it.

How do I know if my EA is working on MT5? ›

To make sure that your EA is running correctly you must first confirm that EAs are enabled on your platform. To do so, check that the 'AutoTrading' button on the main toolbar at the top of the screen is green. In case it is red, click on it to enable EAs. You must then ensure that your EA is enabled for live trading.

How to create EA in MT5? ›

Here are the steps you can follow to create an EA in MT5:
  1. Open the MetaTrader 5 platform on your computer.
  2. Go to the "File" menu and select "New." This will open the "New Project" window.
  3. In the "Project Types" panel, select "Expert Advisors."
  4. In the "Templates" panel, select "Empty Project."
Jan 2, 2023

Can you set price alert on MT5? ›

To set up price alerts in MetaTrader 5 (MT5), follow these steps: Open the MT5 platform on your computer and go to the "Tools" menu. Select "Options" from the menu. In the "Options" window, go to the "Notifications" tab.

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