n this paper and for the first time, we describe and introduce a new extended direct algebraic method which is a new method for solving nonlinear partial differential equations arising in nonlinear optics and nonlinear science. By applying this method, we have constructed new solitary wave solutions for the unstable Schrödinger equation. A large family of traveling wave type exact solutions covering exponential, generalized trigonometric, rational and generalized hyperbolic functions to this equation is determined. The solutions are expressed in explicit forms.