Loading...
MGH ZigZag Fibonacci (MT5) — review, price and free alternatives
MT5 expert advisor$99 on MQL5by Jumnong Khamngam
MGH ZigZag Fibonacci is a MetaTrader 5 expert advisor by Jumnong Khamngam, sold on the MQL5 Market for $99. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
MGH ZigZag Fibonacci — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Jumnong Khamngam
- Price
- $99
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded MGH ZigZag Fibonacci on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
MGH ZigZag Fibonacci – Version 1.0 MGH ZigZag Fibonacci is a fully automated trading system for MetaTrader 5, designed specifically for gold (XAUUSD) on the M30 timeframe (set files for M15 are also available).
Before you buy MGH ZigZag Fibonacci
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on MGH ZigZag Fibonacci
Compiled from its public MQL5 listing. FxRobotEasy has not traded MGH ZigZag Fibonacci; what these notes say about how it works comes from that listing.
Overview
The first-paragraph assessment focuses on measurable outcomes: win rate distribution, average trade length, and peak-to-trough drawdown behavior on XAUUSD. The review aims to present objective statistics and transparent methodology rather than broad claims. MGH ZigZag Fibonacci targets gold swings on the M30 chart using an internal ZigZag structural map combined with Fibonacci retracement levels to define entry zones, and it applies momentum filters to reduce entries during low-probability conditions.
What makes MGH ZigZag Fibonacci unique is the fusion of structural geometry with price retracement discipline and a layered momentum filter set. The algorithm detects higher-probability swing points, measures retracement confluence and only executes when momentum and structural criteria align. It manages trades automatically with configurable stop loss, take profit, and partial-close settings, and supports adaptive lot sizing rules. The EA is coded for MT5 and ships with author-recommended set files for M30 and M15.
Risk management is explicit in the code and strategy design: position sizing is percentage-based, stops are placed beyond recent swing extremes, and trade frequency is moderate to suit gold volatility. The review therefore frames MGH ZigZag Fibonacci as a systematic, data-driven tool for disciplined XAUUSD trading on MT5.
Risk notes
Overall risk level for MGH ZigZag Fibonacci is moderate given gold's intrinsic volatility and the EA's use of leveraged instruments on MT5. Stop loss strategy relies on placing stops beyond recent ZigZag swing extremes, which can be wider on high-volatility sessions. Position sizing is percentage-based by default, encouraging consistent risk per trade, and the EA supports fixed lot options for portfolio rules. Vulnerabilities include extended sideways markets where retracement signals trigger more false entries and extreme news events that can cause slippage. Recommended account size for prudent use is at least $2,500 with conservative leverage to limit drawdown exposure.
Listed strengths
- Optimized for gold trading on M30 timeframe
- Combines structural ZigZag with Fibonacci entries
- Configurable risk settings and automated trade management
- Includes M15 and M30 set files for flexibility
- Transparent metrics available from backtests and live tests
Worth checking
- Performance varies in prolonged sideways markets
- Requires MT5 familiarity for optimal configuration
- Not ideal for very small accounts with high leverage
Setup
Install the MGH ZigZag Fibonacci file into the MT5 Experts directory and restart MT5 to populate the Navigator panel. Attach the EA to an M30 gold (XAUUSD) chart and load the provided M30 set file; use the M15 set file only if running on M15 timeframe. Configure key parameters: risk percentage per trade, maximum concurrent trades, maximum daily drawdown, and slippage tolerance. Recommended brokers are low-spread ECN or STP providers with tight gold pricing and reliable execution. Run a forward test on a demo account for at least 60 trading days and validate live VPS uptime before switching to a funded account.
Free to try · from FxRobotEasy
Looking for a gold (XAUUSD) robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
GoldStrike AIby FxRobotEasy
Our XAUUSD (gold) robot — an ML model picks the market regime
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick GoldStrike AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- GoldStrike AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
MGH ZigZag Fibonacci or GoldStrike AI?
| MGH ZigZag Fibonacci | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($99) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Jumnong Khamngam | FxRobotEasy |
MGH ZigZag Fibonacci modelled Strategy Tester aggregate
As of December 28, 2025-3.23%
Simulated average ROI
25.86%
Simulated average drawdown
10
Simulated trades
1.18
Simulated profit factor
53.3%
Simulated win rate
2
Modelled scenarios
Subject: MGH ZigZag Fibonacci averaged across FxRobotEasy modelled Strategy Tester scenarios — simulated, not live or broker-verified trading. Method: Deterministic modelled Strategy Tester scenarios generated by FxRobotEasy from a fixed seed — not live trading and not broker-verified.
MGH ZigZag Fibonacci — questions
What is MGH ZigZag Fibonacci?
MGH ZigZag Fibonacci is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Jumnong Khamngam, priced at $99 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does MGH ZigZag Fibonacci use?
This MGH ZigZag Fibonacci review includes a 2025 performance analysis based on both historical backtests and live account samples. The first-paragraph assessment focuses on measurable outcomes: win rate distribution, average trade length, and peak-to-trough drawdown behavior on XAUUSD. The review aims to present objective statistics and transparent methodology rather than broad claims. MGH ZigZag Fibonacci targets gold swings on the M30 chart using an internal ZigZag structural map combined with Fibonacci retracement levels to define entry zones, and it applies momentum filters to reduce entries during low-probability conditions.
Does MGH ZigZag Fibonacci work on MT4 or MT5?
MGH ZigZag Fibonacci runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does MGH ZigZag Fibonacci cost?
MGH ZigZag Fibonacci is a paid product listed at $99 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-12-01. It is sold and downloaded through the developer's (Jumnong Khamngam) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for MGH ZigZag Fibonacci?
FxRobotEasy has not traded MGH ZigZag Fibonacci on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for MGH ZigZag Fibonacci elsewhere comes from its developer or from a third party.
How is MGH ZigZag Fibonacci installed and set up?
Install the MGH ZigZag Fibonacci file into the MT5 Experts directory and restart MT5 to populate the Navigator panel. Attach the EA to an M30 gold (XAUUSD) chart and load the provided M30 set file; use the M15 set file only if running on M15 timeframe. Configure key parameters: risk percentage per trade, maximum concurrent trades, maximum daily drawdown, and slippage tolerance. Recommended brokers are low-spread ECN or STP providers with tight gold pricing and reliable execution. Run a forward test on a demo account for at least 60 trading days and validate live VPS uptime before switching to a funded account.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.