๐งฉ What is Gann Gold EA MT4?
Gann Gold EA MT4 is an advisor for MetaTrader 4 (MT4), an EA designed to trade based on Gann theory, price patterns, and trend filtering.
This setup focuses on balanced risk management, clear entry confirmation, and visual clarity, making it suitable for both semi-automatic and fully automated trading.
๐งฉ Lot Size & Risk Management
๐ถ Fix Lot size: 0.05
- Uses a fixed lot size instead of dynamic risk calculation.
- Suitable for small to medium accounts.
- Provides predictable exposure per trade.
๐ถ Risk to Reward (TP): 1:2
- Every trade risks 1 unit to gain 2 units.
- This ratio allows profitability even with a win rate around 40%.
- Indicates a disciplined and professional money management approach.
๐งฉ Trade Direction & Identification
๐ถ Signal_Type: Both (Buy & Sell)
- EA trades in both bullish and bearish market conditions.
- Increases trade opportunities across different market phases.
๐ถ Magic Number: 20251119
- Unique identifier for EA trades.
- Prevents interference with other Expert Advisors or manual trades.
๐ถ Comment Trade: Gann Gold
- Clearly labels trades in the terminal and account history.
- Useful for performance tracking and backtesting.
๐งฉ Trend Filtering & Signal Quality
๐ถ Trend Filtering: true
- Activates trend confirmation before opening trades.
- Helps avoid counter-trend entries.
- Improves overall trade accuracy and reduces drawdowns.
๐ถ Max Distance Signal From Arrow: 80
- Limits how far price can move away from the signal arrow before entry.
- Prevents late or overextended entries.
๐ถ Scan the number of candles: 110
- EA analyzes the last 110 candles for pattern and trend detection.
- Provides sufficient historical context without overfitting.
โก๏ธ Overall Impact: This section strongly improves signal reliability, especially in volatile instruments like gold (XAUUSD).
๐งฉ Visual & Chart Display Settings
๐ถ Chart theme: White
- Clean and minimal chart background.
- Enhances visibility of indicators and signals.
๐ถ Bullish Patterns: Blue
๐ถ Bearish Patterns: Red
- Clear color distinction between buy and sell signals.
- Improves manual monitoring and visual confirmation.
๐งฉ Trade Level Visualization
๐ถ Stop Loss: DeepPink
๐ถ Take Profit: MediumSeaGreen
๐ถ Entry Point: RoyalBlue
- Each trade level has a distinct color.
- Makes it easy to analyze trade structure directly on the chart.
๐ถ TP & SL levels: true
- Displays stop loss and take profit levels on the chart.
- Useful for transparency and learning purposes.
๐ถ Level Labels: true
- Shows price labels for SL, TP, and entry.
- Improves clarity for trade management and review.
๐งฉ Final Conclusion โ Is This Gann Gold EA Setup Effective?
Yes โ this is a well-structured and trader-friendly configuration.
๐ถ Key Strengths:
โ Fixed and controlled lot size
โ Favorable 1:2 risk-to-reward ratio
โ Trend filtering enabled
โ Protection against late entries
โ Excellent visual clarity on charts
๐ถ Best Suited For:
- Gold (XAUUSD) trading.
- Traders who prefer clear visual signals.
- Small to medium accounts.
- Semi-automatic or fully automated strategies.
- Traders following Gann-based market structure.
๐ถ Potential Limitations:
- No dynamic risk adjustment based on account balance.
- Performance depends on market trending conditions.
- Requires proper broker spread and execution for gold.
