Mastering the Gann Line EA for MetaTrader 4: Your Ultimate Trading Companion

If you're looking to elevate your trading game, the Gann Line EA is a must-have tool for your MetaTrader 4 platform. This expert advisor not only plots the Gann Line on your charts but also trades in alignment with its trend. With features like Trailing Stop Loss and Take Profit, it works seamlessly across all time frames, making it perfect for major forex pairs and NASDAQ stocks. Many traders find it particularly effective on the 1-hour timeframe.

Here's the lowdown on what you need to know:

Always start by testing on a demo account first.
This EA trades exclusively with the price of the open candle!
If you prefer not to increase your lot size when you hit a losing trade, set IncreaseFactor=0.
I've combined this simple EA with two moving averages and the Gann Line, which gives you flexibility in your trading approach.
In testing mode, the Gann Line is drawn on the screen without affecting trades, serving as a visual aid.
Using the Gann Line as a filter can significantly boost your chances of winning trades.

Here’s a quick overview of the key settings you can customize:

Use_TP_In_Money: Activate or deactivate Take Profit in monetary value (true/false).
TP_In_Money: Set your Take Profit in money (values: 10-100).
Use_TP_In_percent: Activate or deactivate Take Profit in percentage (true/false).
TP_In_Percent: Set your Take Profit in percentage (values: 10-100).
Enable_Trailing: Turn on trailing stop with a monetary value (true/false).
Gann Line Length: Customize the Gann Line length (values: 10-100).
Lots Size: Adjust the lot size for your trades (values: 0.01-1).
Max Trades: Set the maximum number of trades you want to allow (1-12).