Gann Fan and Moving Average Filter in a Forex Trading EA
Summary
The document describes a trading expert advisor that combines a Gann Fan with two moving averages. It presents the Gann Fan as a trend filter and lists configurable controls for trade size, profit targets, stop losses, trailing stops, break-even moves, maximum trades, and equity drawdown limits. The system is described for major forex pairs and NASDAQ stocks, and it evaluates trades using the open candle price.
The documentation says the Gann Fan does not affect trades in backtests or optimization: during visual testing it is drawn on the chart, while optimization uses only the moving averages. The Gann Fan and averages are said to work together in live trading, leaving the central filter difficult to validate with the described testing process. No performance data is provided to support the claim that the filter improves the chance of winning. The EA also includes an option to increase position size after losses, which users can disable.
Key ideas
- The EA combines a Gann Fan trend filter with fast and slow moving averages.
- It provides configurable trade sizing, exits, trailing stops, and equity risk controls.
- The Gann Fan is described as active in live trading but excluded from backtest trade decisions.
- The document provides no performance results validating the strategy or its filter.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.