Mtf gann indicator
#2 GANN HiLo Activator MT4
Submitted by Edward Revy on May 6, 2008 - 07:12.
Today we will look at GANN HiLo Activator - another custom indicator for Metatrader 4 Platform.
Iíll show you the ways to use it.
You may have already noticed that Iím not giving the exact trading rules to trade upon.
Thatís because Iím discovering and learning about MT4 custom indicators now. Learning in Forex never ends. I saw some good potential in those trading tools that we all may benefit from and improve our trading strategies, so I decided not to postpone it till better times and publish my observations as I move forward.
GANN HiLo Activator in Forex and the ways to use it:
This trend following indicator helps finding both: entries and exits. It allows to enter a trade quite early and stay in the trade longer.
If you have a set of rules or a trading system that require some improvement on entries and exits, GANN HiLo Activator could be the right tool.
By adding GANN HiLo Activator we may now pinpoint more accurate entries.
We can also use this indicator for exits later, while at the same time trailing our stops, for example, with Bbands Stop custom indicator we talked about last time.
GANN HiLo also looks interesting for scalping, all you need is to identify the main trend take either only Buy or Sell signals given by the indicator. For example, we can use 50 EMA to identify the main trend.
Again, these are just great hints. In order to give you a set of rules, I need to make one first and test it properly. So, for now it will look like introduction, while hopefully later and also with a help of other traders I will update it to a good trading system with straight forward rules.
Hello Edward, I am using this system with my account with mini lots, I will also make a couple of backtest with a couple of currencies, any results I will let you know as soon as possible.
I think everyone would be interested to learn feedbacks from other traders. It would be great to have some backtesting results as well. Thank you.
Thanks Edouard indic this seems to me good
May I can not put it on my platform demo on MT4
Is there a way I can see the script for the "Gann HiLo Activator?"
I wasn't able to find the .mq4 file in my folder.
So here is what I got from the net:
Also found Gann High Low formula at
Hope this helps
You get better exit and entry signals if the lookback period is set to 5. use only on M30 or higher. any TF lower ,the spread will kill you.
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