Gann Line and Moving Average Filter for Automated Trading

Summary

This document outlines an expert advisor that combines a Gann Line with two moving averages to trade in the direction of a trend. It describes the Gann Line as a filter alongside moving-average signals, and lists configurable controls for trade size, stop loss, take profit, trailing stops, breakeven moves, maximum trades, and equity drawdown. The described markets include major forex pairs and NASDAQ stocks, with multiple chart time frames supported.

The document does not provide backtest results or quantified evidence for its claim that the Gann filter improves win probability. It says the Gann Line is not incorporated into optimization tests and only functions together with the moving averages in live trading, which limits what those tests can establish. It also describes increasing position size after losses, an approach that can amplify exposure. The settings are presented as parameters, not as validated recommendations, and the document advises trying the system in a demo environment first.

Key ideas

• The advisor combines a Gann Line filter with two moving averages to trade with the trend.
• Its settings include fixed and trailing exits, breakeven controls, position size, and equity drawdown limits.
• The document says optimization tests use moving averages without the Gann Line in trade generation.
• No performance evidence is given for the claimed improvement in winning trades.
• Increasing trade size after losses can raise exposure.

Tags

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