Gann Made Easy EA v1.1 MT4 for MetaTrader 4 (MT4) is an Expert Advisor (EA) likely designed to apply Gann theory principles to automate trading decisions. Gann theory is a method of technical analysis developed by WD Gann, an influential trader who used geometric and time-based patterns, as well as angles, to predict price movements and market cycles.

Key Features of Gann Made Easy EA v1.1 (Hypothetical Overview):

The Gann Made Easy EA v1.1 likely integrates Gann’s trading concepts, which could include things like Gann angles, time cycles, and price action to execute trades. Here are some typical features and strategies an EA like this could employ:

1. Gann Angles:

• Gann is well-known for his use of angles, especially the 1×1 Gann angle, which is a 45-degree angle. These angles represent time and price movements.
• The EA might use Gann Angles to predict when prices will move in certain directions or make reversals. For example, if the price breaks above or below a certain Gann angle, the EA could trigger a buy or sell trade.

2. Time Cycles:

• Gann believed that markets move in cyclical patterns based on time intervals. The EA could use specific time cycles (e.g., daily, weekly, monthly) to identify when certain market events or price movements are expected to occur.
• It may also combine price cycles (certain price points at specific times) and time cycles (predictable time intervals) to trigger trades.

3. Price Action:

• The EA could utilize price action to confirm entries or exits. For example, it might wait for a price to cross a Gann angle line, a specific price level, or a certain time cycle before making a trade.
• It might also combine other technical indicators like Moving Averages (MA), Relative Strength Index (RSI), or MACD with Gann principles to determine when a trade is most likely to succeed.

4. Risk Management:

• Like most EAs, the Gann Made Easy EA will likely include risk management settings such as:
  • Stop-loss: To limit potential losses.
  • Take-profit: To lock in profits once the price reaches a certain level.
  • Trailing Stop: A feature that automatically adjusts the stop loss to lock in profits as the market moves in your favor.
  • Lot Size: You can set the fixed or dynamic lot size based on your risk appetite or account balance.

5. Automation:

• This EA will automate the trading process based on the Gann theory, removing the need for manual decision-making.
• It would automatically enter trades when it detects a favorable opportunity based on its programmed strategy, including using Gann angles or time cycles.

6. Customizable Settings:

• As with most trading robots, the Gann Made Easy EA v1.1 is likely customizable, allowing traders to adjust:
  • Lot size (either fixed or dynamic based on account balance).
  • Risk per trade (percentage of account equity to risk per trade).
  • Gann angle settings (to fine-tune when the EA should enter or exit trades).
  • Time cycle settings (to adjust the time intervals that the EA focuses on).
  • Trailing stop and break-even parameters.

7. Backtesting and Optimization:

• The Strategy Tester in MT4 can be used to backtest the EA, testing its performance on historical data. This allows you to see how well the EA would have performed using different Gann-based settings over time.
• Optimization can help find the best parameters for your strategy, increasing the chances of success.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

Experts:

• Gann Made Easy EA v1.1 MT4.ex4

Indicators

• GannMadeEasy_fix.ex4

Presets

• gann easy set.set

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