Gann Grid Breakout EA with Moving Averages and Risk Controls

Summary

The document describes an expert advisor that combines Gann Grid lines with two moving averages. It presents the grid as a filter for breakout trades and says the system trades using the open candle price. The listed settings cover position size, optional increases in size after losses, stop loss and take profit, trailing exits, equity risk limits, and the maximum number of trades. The EA is described for major forex pairs and NASDAQ stocks, with a claim that it also works on an hourly chart.

The documentation states that Gann Grid lines do not influence backtest or optimization trade decisions: they appear visually during tests, while optimization uses only the moving averages. The grid and averages are said to work together only in live trading, so the described tests cannot validate the full entry filter. No performance results are supplied to substantiate claims about win probability or suitability. The configurable increase in position size after losses and the limited validation details are important strategy caveats.

Key ideas

• The EA combines Gann Grid lines and two moving averages for breakout trading.
• The grid is described as a filter, while trades use the open candle price.
• Backtests draw the grid but exclude it from trade decisions, limiting validation of the live setup.
• Risk settings include stop losses, trailing exits, equity limits, and position-size controls.
• The document provides no performance evidence for its win-probability claims.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.