Gann EAGALAXY EA Free

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MT5 Expert Advisor

Gann EAGALAXY EA

Strategy: Gann Angle + EMA Trend + ATR Filter + DCA + Hedge + Basket TP

Version: 1.00
Telegram: @boteafxdotcom

1 Quick Setup & WebRequest Configuration

To enable full EA functionality and WebRequest features in MetaTrader 5, follow these steps:

  1. Open MetaTrader 5.
  2. Go to the top menu: Tools > Options (or press Ctrl + O).
  3. Select the Expert Advisors tab.
  4. Tick the checkbox for Allow WebRequest for listed URL.
  5. Add the following URL: https://script.google.com
  6. Click OK to confirm.

2 System Overview

Gann EAGALAXY is an automated trading system specifically designed for Gold (XAUUSD) on the MetaTrader 5 platform. The EA integrates a robust 3-layer signal filtering system: Gann Angles calculated from Swing High/Low points, trend confirmation via EMA 20/50, and volatility assessment using the ATR indicator.

The order management strategy utilizes Dollar Cost Averaging (DCA) at specific Gann levels, a protective Hedge mechanism for prolonged sequences, and a unified Basket Take Profit (Basket TP). All calculations are strictly executed on CLOSED CANDLES to eliminate signal repainting.

Parameter Value Description Recommendation
EA Name Gann EAGALAXY Program identifier (Anti-rename protected) Keep the original file name
MagicNumber 12345 Primary magic number for identification 12345
Telegram Channel https://t.me/boteafxdotcom Official Community Channel
Official Website eagalaxy.net Copyright & EA Updates
Version 1.00 Current release version 1.00
Symbol XAUUSD (Gold) Target financial instrument XAUUSD
Timeframe M15 / H1 Recommended chart timeframe M15 or H1
Account Type HEDGING Mandatory account requirement Open a Hedging Account

3 Operational Principles & Trade Signals

BUY Signal Conditions

  • Close price of previous candle crosses UP through Gann 1×1 Up line (close[2] ≤ 1x1 & close[1] > 1x1).
  • Uptrend confirmed: EMA20 > EMA50.
  • Volatility filter: ATR ≥ MinATRPips.
  • Spread limit: Spread ≤ MaxSpreadPips.
  • If OneSignalOneCycle = true: New sequence only opens if no existing Buy sequence is active.

SELL Signal Conditions

  • Close price of previous candle crosses DOWN through Gann 1×1 Down line (close[2] ≥ 1x1 & close[1] < 1x1).
  • Downtrend confirmed: EMA20 < EMA50.
  • Volatility filter: ATR ≥ MinATRPips.
  • Spread limit: Spread ≤ MaxSpreadPips.
  • If OneSignalOneCycle = true: New sequence only opens if no existing Sell sequence is active.

3.3 DCA & Hedge Management

  • DCA Modes: Supports GANN_LEVEL (DCA entries at Gann 1×2, 1×4, followed by fixed steps), FIXED_STEP, or ATR_STEP.
  • Hedge Mechanism: When orders reach the HedgeAfterOrders threshold, EA opens 1 opposite Hedge position with volume equal to HedgePercent of total sequence lot size.
  • Basket TP: Closes the entire order basket when target profit is achieved, based on Money ($), Pips, or Gann Return status.

4 Detailed Configuration Parameters

Parameter Default Value Description Recommendation
A. MAIN ORDER MANAGEMENT
FirstLot 0.01 Initial trade lot size 0.01 per $300-$500 balance
UseAutoLot false Dynamic lot sizing based on risk % false
RiskPercent 1.0 Risk percentage when AutoLot is true 0.5 – 1.0
MagicNumber 12345 Primary magic number for identification 12345
TradeTimeframe PERIOD_M15 Chart timeframe for trading M15 or H1
MaxSpreadPips 50 Maximum allowable spread (in pips) 30 – 50
AllowBuy / AllowSell true / true Enable/Disable Buy or Sell directions true / true
MaxOrdersPerSide 10 Maximum active orders per direction 6 – 10
OneSignalOneCycle true Restrict to 1 cycle per signal true
B. GANN & EMA ALGORITHMS
LookbackBars 100 Bars used for Swing High/Low detection 80 – 150
UseATRForGannStep true Use ATR to calculate dynamic Gann steps true
ATRPeriod 14 ATR indicator period 14
ManualGannStepPips 100 Manual Gann step size (if ATR is false) 100
MinATRPips 100 Minimum ATR threshold for entry 80 – 150
MaxSignalCandlePips 500 Maximum height of the signal candle 400 – 600
EMAFastPeriod / EMASlowPeriod 20 / 50 Fast and Slow EMA periods 20 / 50
C. DCA, BASKET TP & HEDGE CONFIGURATION
UseDCA / DCAMode true / GANN_LEVEL Enable DCA and select strategy mode GANN_LEVEL / ATR_STEP
FixedStepPips 150 Fixed distance for DCA entries 150 – 300
Multiplier 1.5 Lot size multiplier for DCA orders 1.3 – 1.6
MaxLot 1.0 Maximum lot size ceiling per order Adjust to balance
UseBasketTP / BasketTPMoney true / 20.0 Enable Basket TP and set Target (USD) Adjust to account scale
UseHedge / HedgeAfterOrders true / 6 Enable Hedge and trigger order count 5 – 7
HedgePercent 100.0 Hedge lot ratio % of total sequence lots 70 – 100
D. ACCOUNT PROTECTION & TRAILING STOP
UseEquityStop / MaxDrawdownPercent true / 30.0 Enable Equity Stop and Max Drawdown % 20 – 30
DailyLossLimitMoney / DailyProfitTargetMoney 100.0 / 100.0 Daily loss limit and profit target ($) Adjust to balance
UseBreakEven / BreakEvenStartPips / LockPips true / 250 / 50 BreakEven settings 200-300 start / 30-80 lock
UseTrailingStop / TrailingStartPips / StepPips true / 300 / 100 Trailing Stop settings 250-400 start / 80-150 step

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User Note: Please remember to turn off the EA when the market is highly volatile (high-impact news events).

⚠️ 5. Risk Disclaimer

DCA, MARTINGALE & HEDGE STRATEGIES CARRY A SIGNIFICANT RISK OF CAPITAL LOSS. Using lot multipliers (Multiplier > 1.0) significantly increases market exposure during strong trends. Always ensure Equity Protection is enabled and conduct thorough backtesting and forward testing before live trading. This software is an automated trading tool and does not guarantee profits. Users assume full responsibility for their investment decisions.

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