💡 Why Is It Completely Free?
Account Opening Required
Opening an MT5 account at a designated broker (XM/Exness) is the only requirement. No deposit or trading needed.
IB Revenue Covers Costs
We earn IB referral fees from account openings and trading, which covers EA distribution and site operating costs.
Zero Extra Cost
No additional charges for users at all. Just open an account and you're good to go.
How to Get Your EA (3 Steps)
STEP 1
Open an Account
Open (or add) an MT5 account via our referral link at HFM, XM, or Exness.
Open Account →STEP 2
Open Account or Add Account
Open an account at XM/Exness. Existing users enter additional MT5 account number in the dashboard.
View Broker Comparison →STEP 3
Download EA
Register your account number on the EA's detail page. Download link will be emailed within 1–2 business days.
View EAs →⚠️ Does any of this sound familiar?
- ✓I trade discretionarily, get carried away by emotion, and can't cut losses in time
- ✓I bought an expensive EA that promised "30% monthly returns" — and watched my account melt down within weeks
- ✓I don't trust EAs that don't publish their backtest results
- ✓Between work and family, I have no time to watch charts
- ✓I'm interested in automated trading, but I'm too worried about risk management to take the first step
What is an EA? — Understand Auto Trading in 3 Minutes
An Expert Advisor (EA) is an automated trading program running on MT5. It trades 24/7 based on preset rules with zero emotion. All EAs on this site are free — simply open an account via our referral link at HFM, XM, or Exness, then register your account number to receive the download link.
Fully Automated
No manual operation needed while PC runs
24/7 Operation
Trades even at night and early morning
Emotion-Free Execution
Follows rules strictly, no hesitation
Standard Features — Built Into Every EA
Premium features rivaling paid EAs — standard in every release, at no extra cost.
Real-Time Chart Dashboard
Displays balance, margin level, today/week/month P/L, current DD, and spread directly on the chart — account status at a glance.
Win/Loss Streak Counter
Tracks current losing streak and all-time max win streak in real time, alongside win rate, trade count, avg hold time, and balance sparkline.
MT5 Mobile Push Notifications
Instant alerts for entries, exits, margin warnings, and daily summaries sent to your phone. Discord/Slack webhook also supported.
Economic News Filter
Automatically pauses new entries before/after high-impact events (NFP, FOMC, CPI). Sends advance warning notifications N minutes before events.
Grouped Detail Parameters
20+ settings organized into 8 groups: entry, lot sizing, hours, spread limits, filters, risk management, dashboard, and notifications. Sensible defaults for beginners, deep customization for advanced users.
Emergency Safety Guard (FXGuard)
Force-closes all positions the moment margin level drops below the threshold. Last line of defense against account blowup, combined with spread filter and max DD limit.
Full Trade History CSV Export
Auto-logs every trade to CSV in real time (time, symbol, direction, lot, price, P/L, balance). Ready for Excel or Python analysis.
Chart Pause Button
One click on the chart button instantly pauses or resumes new entries — without removing the EA from the chart.
📊 How We Verify EAs — Pre-Publication Process
Every EA on this site passes a 3-stage verification process. We never publish based on "it worked in backtest" alone.
5–10 year real-tick backtest
Strategy Tester run on real tick data from XMTrading-MT5 servers, minimum 5 years (10 preferred). Every-tick model = 99.9% accuracy.
OOS robustness check (Train/Test split)
Optimize on Train (60%), evaluate on Test (40%). Never re-optimize on Test. Overfit EAs are not published.
Source code disclosed (transparency)
Every EA ships with its .mq5 source so you can audit the logic. No black boxes. Unverified EAs stay `hidden: true`.
All-EA Ranking 2026
Compare all live-verified EAs from multiple angles: PF, win rate, DD, and beginner-friendliness.
✅ Currently Available EAs
| EA Name | Pair | TF | PF | Win Rate | Detail |
|---|---|---|---|---|---|
| GOLD KING v3 | XAUUSD | M30 | 1.91 | 33.8% | View |
| MEGAMAX DONCHIAN | USDJPY | H1 | 1.44 | 32.8% | View |
| MEGAMAX DON EURJPY | EURJPY | H1 | 1.49 | 25.0% | View |
| MEGAMAX DON GBPJPY | GBPJPY | H4 | 1.41 | 38.5% | View |
| BITCOIN COMET | BTCUSD | H4 | 2.77 | 40.1% | View |
| ATLAS | Multi-Asset | H1/H4 | 1.90 | 40.0% | View |
| TRINITY | Multi-Asset | H4/H1 | 2.20 | 44.3% | View |
| BITCOIN GLACIER | BTCUSD | D1 | 2.52 | 34.1% | View |
| BITCOIN NANO | BTCUSD | D1 | 2.55 | 34.1% | View |
| BITCOIN COIL | BTCUSD | H4 | 3.34 | 51.3% | View |
| ETHEREUM EA | ETHUSD | H4 | 2.19 | 46.4% | View |
| SOLANA COMET | SOLUSD | H4 | 2.72 | 41.0% | View |
⚠️ Martingale EAs (ruin-by-design, daily-withdrawal type — high risk)
🚨 Please read before use
The EAs below are martingale + averaging-downhigh-risk EAs. They set no stop-loss and are designed to eventually blow up without exception. Profits only remain in your hands by withdrawing daily.
Be sure to "Martingale EA Operating Rules", read it, and agree to all 8 items before using.
| EA Name | Pair | TF | PF | Max DD | Details |
|---|
📊 9.4 years of market storms — how it held up (MEGAMAX DONCHIAN USDJPY)
| Metric | Value | Comment |
|---|---|---|
| Symbol | USDJPY | The world's most liquid FX pair |
| Timeframe | H1 | Donchian channel breakout on the 1-hour chart |
| Test period | 2014 – 2025 (9.4 years) | Includes COVID crash, rapid yen depreciation, and rate hike cycles |
| Profit Factor | 1.39 | Profitable every year across 9.4 years of live MT5 data |
| Win rate | 32.5% | Each win is ~2.9× larger than each loss — quality over quantity |
| Max drawdown | 10.0% | Survived 9.4 years of trending and ranging markets with controlled risk |
| Method | Donchian breakout + SMA200 filter | Catches major trends, filters out choppy range noise |
* Backtest results are historical and do not guarantee future profits. In live trading, results vary due to slippage, swaps, and execution conditions.
Latest Articles & Blog
View all articles →2026-06-26
Dissecting 5,358 Real Trades: The Truth Behind the ×677 Martingale Gold EA — Why a 'Beautiful Upward Curve' Melts on Another Broker
A full dissection of 5,358 real trades from a popular MQL5 martingale Gold EA (Quantum Queen). Using real data we expose its mechanics: 100% basket win rate, no realized losses, sells generating 50% of profit, and an effective TP of $89/lot. We then built a faithful clone and reproduced ×15.62 on one broker — yet running the exact same EA on Exness blew the account to ×0.11. A demonstration of 'single-broker overfitting,' and proof of why cross-broker verification is essential before buying a martingale EA.
2026-06-19
MT5 EA Not Working or Not Placing Trades — Won't Start vs Won't Trade, Fixed
Attached your EA but nothing happens, AutoTrading won't run, or there's no error yet it never enters a trade? Split the problem into won't-start vs won't-trade, then fix it step by step: AutoTrading button, WebRequest whitelist, margin, symbol and market hours.
2026-06-12
ERR_NO_MONEY in MQL5: Fix 'Not Enough Money' (134 & 10019)
EA throwing ERR_NO_MONEY in MQL5 even when your balance looks fine? Here's why — and the fix. 6 root causes for 134 / TRADE_RETCODE_NO_MONEY (10019), 30-second triage, broker quirks, and the OrderCalcMargin code to prevent it before OrderSend.
Common Issues & Solutions
Frequently Asked Questions
Is it really free to use?
Yes. Open (or add) an MT5 account at HFM, XM, or Exness via our referral link, then register your account number on the EA's detail page. We will email the download link within 1–2 business days. No deposit or trading required.
Can I use it with my existing account?
Both XM and Exness allow creating additional (sub) accounts. Just add one new MT5 account and you're good to go.
Is the EA source code available?
Yes, the full source code is publicly available in .mq5 format. Great for those who want to learn how EAs work or customize them.
Do I need a VPS (Virtual Private Server)?
A VPS is recommended for stable 24-hour operation, but not required. If you can keep your PC running at all times, it works fine from home.
Why don't you advertise figures like "X% monthly returns"?
Monthly returns swing wildly with market conditions, and quoting a single figure is misleading. We only publish long-term data — a 10-year Profit Factor of 1.30 and a Max Drawdown of 5.88%.
How much starting capital do I need?
We recommend at least $1,000 USD equivalent, but with XMTrading's 0.01 minimum lot you can run it semi-demo from around $300. We suggest starting small.
Do I need to keep a PC running 24/7?
For stable operation we recommend a VPS, which typically costs $10–25/month. Some partner brokers also offer free VPS if you meet their conditions.
Can I run several EAs at once?
Yes. Diversifying across symbols and strategies can reduce risk — but keep a close eye on your account's margin level.
Will I reproduce the backtest results exactly?
Small differences arise from historical data quality, broker spread, and execution speed. A 100% identical reproduction is unrealistic, but with our recommended brokers you can expect close results.
If I lose money, will I be compensated?
No. There is no compensation scheme. Forex trading carries the risk of losing your principal — only trade with funds you can afford to lose, and entirely at your own risk.
Summary: Take the Next Step
Take that one last step — today.
Trying out our EAs costs you nothing. If it isn't for you, just delete it. You have nothing to lose.
But for the version of you that one day thinks, "I wish I'd started sooner," let ten years of data prove themselves on your own account first.
* Forex trading carries the risk of losing your principal. Only invest funds you can afford to lose, and trade entirely at your own discretion and risk.