Fozzys Gann EA MT4 V4.0 + Setfiles

What results has Fozzy's Gann EA actually produced? +

Backtesting on XAUUSD M5 from October 2025 to March 2026 showed $2,390 net profit on a $1,000 account (239% return) across 1,412 trades, with a 31.27% maximum drawdown. A parallel $500 run produced $1,542 net profit with 39.37% max drawdown. These are backtest results — live trading will differ due to slippage and real spread conditions. Demo test for 60+ days before risking real capital.

What is Gann angle trading and why use it on gold? +

Gann angles are geometric lines drawn from price pivots at fixed mathematical ratios — the EA identifies when price approaches these angles within 0.012% proximity and treats the intersection as a high-probability support or resistance zone. Gold (XAUUSD) suits this method because its strong trending behaviour and large daily ranges produce clean pivot structures on M5, giving the angle filter more meaningful signals than in choppy low-volatility pairs.

Does this EA trade during news events or hold positions over weekends? +

The EA includes a MaxSpread filter set to 50 points — during high-impact news when spreads spike, it automatically skips entry. Weekend gap risk is handled by the CloseFriday setting (active at 20:00 GMT), which closes all open positions before the weekly close. You can adjust the Friday close hour in settings to match your broker's market hours.

Can I adjust the risk settings to be more conservative? +

Yes — the EA ships with configurable risk controls. Set UseFixedLots to true and FixedLots to 0.01 for the most conservative fixed sizing. Alternatively, enable percent-based sizing with RiskPercent at 1% and leave MaxDailyLossPct at 3% as your hard daily stop. Reducing MinRR below 1.5 is not recommended — the EA's edge depends on winners outpacing losers in dollar terms.

How much capital do I need to run this EA? +

The absolute minimum is $500, but backtest data shows drawdown reached 39.37% at that level — meaning a $197 temporary loss on a $500 account. Starting at $1,000 reduces relative drawdown to 31.27% and gives the system more room to recover between losing sequences. A $2,000 starting balance with 1% risk per trade provides the most stable operating conditions based on the backtest data available.

What are the main risks and how do I manage them? +

The primary risk is the 31–39% maximum drawdown recorded in backtesting, caused by consecutive losing trades during low-confluence periods where Gann angles triggered on market noise rather than genuine pivots. Manage this by setting RiskPercent to 1–2%, keeping MaxDailyLossPct at 3% as a hard daily circuit breaker, and starting on a $1,000+ account. Under these controls, a 12-trade losing streak costs roughly $594 on a $1,000 account — painful but survivable, with recovery possible as confluence conditions improve.

What broker type works best with this EA? +

Use an ECN or STP broker with raw or low-commission pricing on XAUUSD. The EA's built-in spread filter blocks trades above 50 points, but for best results keep your broker's typical XAUUSD spread below 25 points. Avoid market-maker brokers with variable spreads that widen unpredictably during London open — those spikes will trigger the filter and reduce the number of valid trade signals.

What support do I get after purchase? +

You get direct support from our team through Telegram (t.me/besteaforex6868) and email ([email protected]). We typically respond within 2-4 hours during business hours (GMT+0). Our support covers: EA installation guidance, settings optimization for your broker, and troubleshooting technical issues. When contacting us, please include: your email, order ID, and screenshots of any error messages for faster resolution.