FREE FOREX STRATEGIES

#2 GANN HiLo Activator MT4

Hello everyone,
Today we will look at GANN HiLo Activator - another custom indicator for Metatrader 4 Platform.

I’ll show you the ways to use it.
You may have already noticed that I’m not giving the exact trading rules to trade upon.
That’s because I’m 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:

Time frame: any.

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.

GANN HiLo for MT4 Forex

For, example, let’s take our existing advanced Forex system #3
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.

MT4 GANN HiLo custom indicator for scalping in Forex

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.

Attachment:

Gann_HiLo_Activator_v2.zip


http://forex-strategies-revealed.com/

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.
Regards,
Javier

Sure, Javier

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.

Regards,
Edward

Thanks Edouard indic this seems to me good
May I can not put it on my platform demo on MT4
thank you

Here is guidance on how to put custom indicators on MT4

Regards,
Edward

Is there a way I can see the script for the "Gann HiLo Activator?"
Thanks a lot,
John

Hi John,
I wasn't able to find the .mq4 file in my folder.
So here is what I got from the net:

Gann Hi-lo Activator SSL.zip

Also found Gann High Low formula at

http://www.meta-formula.com/Metastock-Indicators.html#Metastock-formula-...
Hope this helps

Regards,
Edward

Thanks

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...