Gann Fan Metatrader 4 Forex Robot

The Gann Fan Metatrader 4 Forex Robot is an expert advisor that mimics the Gann Fan on the chart and trades along with its trend.

The Gann Fan is based on the idea that the market is geometrical and cyclical in nature.

However, this expert advisor is not exclusively built off the Gann Fan indicator.

Two moving averages are also added to spice things up.

Price changes are spotted using support and resistance levels that are an integral part of the diagonal lines or Gann angles.

The Gann Fan forex robot deploys a set of logic that divides time and price into proportionate parts using the indefinite extension of each Gann angle.

Carrying out back testing on the Gann Fan expert advisor is only possible when deployed on open prices.

Free Download

Download the “Gann Fan.mq4” MT4 robot

Strategy Tester Report

Find below the Gann Fan forex robot strategy tester report for the EUR/USD forex pair on the Daily chart.

Overall Performance

The EA made a total profit of $15622.58 from a total of 242 trades. The largest winning trade generated $1984.65 in profits while the largest losing trade generated a loss of-$708.47.

Statistics:

Bars in test: 2587 ticks modelled

Initial deposit: $10000.00

Total net profit: $15622.58

Total trades: 242

Largest profit trade: $1984.65

Largest loss trade: -$708.47

Consecutive wins: 5

Consecutive losses: 1

Download

Download the “Gann Fan.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: GANN_FAN length (bars), GANN_FAN color, Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Momentum_Sell, Momentum_Buy

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Gann Fan | Moving Average

Installation

Copy and paste the Gann Fan.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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