Top 5 Free Forex Robots for MetaTrader 4 and 5 in 2025

With automation taking over more aspects of Forex trading every year, Expert Advisors (EAs) — or trading robots — have become widely popular.

In 2025, traders are not just looking for performance, but also transparency, low cost, and compatibility with MetaTrader platforms (MT4 and MT5).

Fortunately, there are several free robots available today that deliver solid results for both beginners and experienced traders.

But be warned: free does not always mean safe or profitable. Many free EAs are outdated, over-optimized for past data, or poorly coded.

In this guide, we’ll introduce 5 of the best free Forex robots available for MetaTrader 4 and 5 as of mid-2025 — based on real-world use, active user feedback, and verified strategy logic.

1. MACD Sample EA (Built-in) – Reliable Starting Point

Surprisingly, one of the most consistent free robots comes with MetaTrader by default.

How it works:

This EA uses the classic MACD crossover strategy — entering trades when short-term momentum aligns with long-term trend.

It includes a basic money management setup and can be modified or optimized further by users.

Pros:

•        Pre-installed in both MT4 and MT5

•        Stable, low-risk performance

•        Ideal for learning how EAs work

Cons:

•        Very basic logic

•        Not profitable without proper tuning

Verdict: Best as a sandbox tool for beginners who want to experiment safely with automation.

2. Moving Average EA by MetaQuotes – Trend-Following Simplicity

This free EA, also available in the official MetaTrader code base, trades based on moving average crossovers.

How it works:

A position is opened when the fast MA crosses above or below the slow MA, and it’s closed when the opposite happens.

Pros:

•        Simple logic that performs well in trending markets

•        Easy to backtest and understand

•        Available in MQL5 and MQL4 codebase

Cons:

•        Ineffective in sideways or choppy markets

•        Requires filtering for volatility

Verdict: A great starting point for building custom trend-following bots.

3. Scalper Dream (Lite Edition) – High-Speed Free EA

Scalper Dream is a free version of a commercial scalping robot with limitations removed in the “Lite” release.

It’s tailored for short-term trading on low timeframes (1M–5M), especially on EUR/USD or GBP/USD pairs.

How it works:

It uses price action and spread-based filters to enter small trades with tight stop-loss.

Pros:

•        Aggressive yet controlled strategy

•        Works well with ECN brokers

•        Fully automated — set and forget

Cons:

•        Needs a fast VPS and low-latency execution

•        Higher trade frequency can lead to slippage

Verdict: Good choice for experienced users looking to test scalping on demo before going live.

4. Night Hunter Lite EA – Time-Based Trading Strategy

Night Hunter Lite is a free time-window EA that trades during low-volatility hours (typically after New York close).

This kind of strategy is based on mean reversion and works best in calm, predictable market conditions.

How it works:

The EA opens trades based on expected price rebounds during nighttime sessions and closes before major sessions open.

Pros:

•        Low drawdown strategy

•        Great for passive overnight trading

•        Uses dynamic stop-loss and take-profit

Cons:

•        Doesn’t work well during news events

•        Requires accurate broker time setting

Verdict: Perfect for conservative traders who want to avoid high-volatility windows.

5. Trade Assistant EA (Community Version) – Semi-Automated Control

This EA doesn’t place trades on its own, but gives alerts and trade suggestions based on a blend of indicators (RSI, MA, ATR).

It’s useful for semi-automated traders who want more decision-making power.

How it works:

The bot scans charts and highlights entry zones based on convergence of indicator signals — users then choose to execute or not.

Pros:

•        Great training tool

•        Customizable filters

•        Encourages learning from traders instead of relying blindly

Cons:

•        Not fully automated

•        Needs manual trade execution or signal confirmation

Verdict: A flexible hybrid system for learning and practice.

Why Smartt Isn’t Listed — But Deserves Mention

You may wonder: Where is Smartt in this list?

Smartt was briefly available for MetaTrader platforms, but as of 2025, it has been temporarily withdrawn from public release on MT4/MT5 while undergoing further platform upgrades and security improvements.

However, Smartt remains one of the most advanced automated systems available — especially for those seeking performance without technical hassle.

Unlike typical EAs that rely on a single algorithm, Smartt integrates:

•        Live trading signals from top traders

•        Verified gold signals with real-time stats

•        Fully automated execution through partnered brokers

•        Stop-loss and capital controls for safety

•        A clean dashboard with no installation or coding required

While Smartt is not currently available on MetaTrader stores, it offers a powerful alternative for users seeking automated trading with more reliability and transparency.

For updates on Smartt’s availability or guidance on how to start, feel free to reach out via our contact us page.

Final Thoughts

Free Forex robots can be useful learning tools — and some of them are surprisingly effective under the right market conditions.

But they are not magic. Most require tuning, risk management, and realistic expectations.

If you’re new to trading or looking for simplicity without sacrificing performance, keep an eye on high-quality systems like Smartt, which combine automation with human intelligence and real-world performance.

Until then, experiment with the robots above on demo accounts, learn their strengths and limitations, and always protect your capital.