Nyao Scalper is an automated scalping robot for MetaTrader 5 that utilizes a multi-factor weighted scoring system to identify trade opportunities. It evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive AT
Trading robot · MT4
Gann Fan Bot
This MetaTrader 4 expert advisor automates trading based on Gann Fan theory by identifying trend angles from recent swing highs and lows.
GitHub stars1
Forks0
Last update11 months ago8 Oct 2025
LicenceNone stated
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
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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