Emotion recognition has become increasingly prominent in the medical field and human-computer interaction. When people’s emotions change under external stimuli, various physiological signals of the human body will fluctuate. Electroencephalography (EEG) is closely related to brain activity, making it possible to judge the subject’s emotional changes through EEG signals. Meanwhile, machine learning algorithms, which are good at digging out data features from a statistical perspective and making judgments, have developed by leaps and bounds. Therefore, using machine learning to extract feature vectors related to emotional states from EEG signals and constructing a classifier to separate emotions into discrete states to realize emotion recognition has a broad development prospect. This paper introduces the acquisition, preprocessing, feature extraction, and classification of EEG signals in sequence following the progress of EEG-based machine learning algorithms for emotion recognition. And it may help beginners who will use EEG-based machine learning algorithms for emotion recognition to understand the development status of this field. The journals we selected are all retrieved from the Web of Science retrieval platform. And the publication dates of most of the selected articles are concentrated in 2016–2021.