Gann Fan Bot: Free MT4 EA Download & Source Code

Overview

Gann Fan Bot enters the market using buy and sell stop orders placed at specific distances from detected Gann lines. The robot includes risk management features such as fixed stop loss, take profit levels, and a daily position closure option. It supports multiple positions with predefined tiered lot sizes and limits the total number of open trades in each direction to control exposure.

Automated Gann Fan angle detection

Buy and sell stop order execution

Configurable tiered lot sizing

End-of-day position closure

Details

Author

AbasNiknam on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Trend following, Breakout, Hedging

Markets

Any symbol

Timeframes

M15-H1, H4 and above

Risk Profile

Holds opposite positions at once

EA Files

GanFanBot2.mq4

Source

github.com/AbasNiknam/GannFanBot

Input Parameters

Read from GanFanBot2.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`intervalInput`	`int`	`4`	Interval in hours
`StopOrderDistance`	`double`	`5`	Distance to Place Buy/Sell Stop Order
`StopLoss`	`double`	`100`	Distance to Place Stop Loss
`TP`	`double`	`200`	Distance to Place TP
`Lots1`	`double`	`0.01`	Lots1
`Lots2`	`double`	`0.02`	Lots2
`Lots3`	`double`	`0.03`	Lots3
`Lots4`	`double`	`0.04`	Lots4
`DistanceToCheck`	`double`	`135`	Distance to Check and Send New Order
`MaxNumOfBuy`	`int`	`4`	Max allowed Num of Buy Position
`MaxNumOfSell`	`int`	`4`	Max allowed Num of Sell Position
`OnTickMode`	`bool`	`false`	OnTick or OnBar?

Show all 13 inputs

Name	Type	Default	Description
`CloseAtEnd`	`bool`	`true`	Close Positions at End of Day

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone AbasNiknam/GannFanBot from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.

3Copy the filesCopy the .mq4 file into Experts.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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