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MetaTrader 5 free indicators & expert advisors
Access 45 professional trading tools included with your IG Bank MT5 account.
For trading account opening enquiries, please call +41 (0) 58 810 77 42. We’re available Monday to Friday, 9:00am–6:00pm.
What are MetaTrader 5 indicators & expert advisors?
- MT5 indicators
- MT5 expert advisors
Technical indicators are analytical tools that process price data to reveal trends, momentum, and potential reversal points invisible to the naked eye. MT5 includes 45 built-in indicators, but IG Bank extends this with 80+ additional professional tools. These range from simple moving averages to complex volatility analyzers, all designed to help you make data-driven trading decisions rather than emotional guesses.
Expert Advisors (EAs) are automated trading programs that execute strategies without human intervention. While indicators analyze and alert, EAs actually place trades based on programmed rules. They live in MT5's Expert Advisors folder and can manage everything from entry and exit to position sizing and risk management.
Download free MT5 indicators and expert advisors
The MQL5 marketplace offers thousands of indicators and EAs, with prices ranging from free to thousands of dollars. But IG Bank clients get an exclusive advantage: through our partnerships with Signal Centre (Acuity Trading), FXBlue, and Autochartist, you receive premium tools worth hundreds of dollars at no cost. These professional-grade applications are available as separate downloads exclusively for IG Bank MT5 accounts and are optimized specifically for our server environment. While they must be downloaded individually after installing MT5, they integrate seamlessly and only function on IG Bank's server.
Each package can be downloaded below:
FX Blue: precision & control solutions
FX Blue transforms MT5 into a professional trading workstation with over 30 specialized tools. From precision risk calculators to advanced market analysis, this comprehensive suite gives you institutional-grade capabilities at no cost. Whether you need to calculate position sizes, track currency strength, or set up complex order grids, FX Blue has you covered.
Advanced calculators
Position sizing, pip value, margin requirements, and profit calculations—manage risk mathematically before entering any trade.
Market analysis tools
Track relative currency performance, correlations, and market sentiment across all pairs to identify the strongest trading opportunities.
Trading management
Monitor global sessions, set custom alerts, and execute batch orders while tracking your performance metrics in real-time.
Signal Centre: AI-powered trade intelligence
Signal Centre by Acuity Trading turns complex market data into actionable trade ideas with AI. Scanning major forex pairs 24/5, it delivers high-probability setups for both beginners and experienced traders with:
- Clear Entry & Exit Points - Specific price levels for entering and closing trades
- Confidence Metrics - Each signal rated by probability of success
- Risk Parameters - Predefined stop-loss and take-profit levels
Signal Centre bridges the gap between analysis paralysis and confident execution, providing institutional-quality research directly in your MT5 platform.
Autochartist: pattern recognition technology
Autochartist scans CFDs 24/7, automatically identifying chart patterns, fibonacci levels, and key support/resistance zones that would take hours to find manually. This powerful AI-driven tool alerts you to high-probability setups across all major pairs, complete with quality scores and projected price targets.
Automated pattern detection
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Identifies triangles, channels, wedges, and complex formations with statistical reliability ratings and completion alerts.
Key level identification
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Automatically plots significant price levels and fibonacci zones with expected volatility ranges for optimal entry and exit points.
Predictive analytics
Provides price projections based on pattern completion with historical success rates to help you set realistic profit targets.
How to use expert advisors on MT5
- Installation & setup
- Activation & configuration
- Locate Your EA File - Ensure you have the .ex5 (compiled) or .mq5 (source) file
- Open Data Folder - In MT5, go to File > Open Data Folder > MQL5 > Experts
- Copy EA Files - Paste your EA files into the Experts folder
- Refresh Navigator - Right-click Expert Advisors in Navigator and select 'Refresh'
- Attach to Chart - Drag your EA onto the desired currency pair chart
- Enable Auto Trading - Click the 'AutoTrading' button on MT5's toolbar
- Configure Settings - Adjust parameters like lot size, risk percentage, and trading hours
- Allow DLL Imports - If required, enable in Tools > Options > Expert Advisors
- Verify Operation - Look for the smiley face icon confirming EA is active
Start trading on MT5 today
- 45 free pro indicators exclusive to IG Bank
- Spreads from 0.8 pips, zero commission2
Start trading on MT5 today
- 45 free pro indicators exclusive to IG Bank
- Spreads from 0.8 pips, zero commission2
FAQs
Does MetaTrader 5 have indicators?
Yes, MT5 includes 45 built-in technical indicators plus 44 analytical objects. With IG Bank, you get an additional 40+ professional indicators through our partnerships with Signal Centre, FX Blue, and Autochartist—all free with your account.
How do I create my own custom indicator?
IG Bank indicators come pre-installed with our MT5 download. For additional indicators, access the MQL5 marketplace through MT5's Navigator window, or download .ex5 files and install them in your MQL5/Indicators folder.
Are MetaTrader 5 indicators free?
MT5's built-in indicators are always free. The MQL5 marketplace offers both free and paid indicators. IG Bank clients receive 45 premium indicators worth hundreds of dollars at no charge through our exclusive partnerships.
How can I create a custom MT5 indicator?
Use MetaEditor (included with MT5) to write indicators in MQL5 programming language. Start with the MQL5 Wizard for templates, or modify existing open-source indicators. The MQL5 community offers extensive documentation and freelance programmers for custom development.
What is an Expert Advisor in CFDs?
An Expert Advisor is an automated trading program that executes trades based on pre-programmed rules without manual intervention. EAs can manage entries, exits, position sizing, and risk management 24/5, removing emotion from trading decisions.
How do I add Expert Advisors?
Copy your EA file (.ex5 or .mq5) to MT5's Data Folder > MQL5 > Experts. Refresh the Navigator window, then drag the EA onto your chart. Enable AutoTrading and configure settings before activation. Always test on demo first.
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