Discussing the article: "William Gann methods (Part I): Creating Gann Angles indicator"

 

Check out the new article: William Gann methods (Part I): Creating Gann Angles indicator.

What is the essence of Gann Theory? How are Gann angles constructed? We will create Gann Angles indicator for MetaTrader 5.

The Angle Bounce strategy is based on the assumption that Gann angle lines often act as support or resistance levels. A trader looks for situations where the price approaches a Gann angle line (especially 1x1 or 2x1) and bounces off it. Entry into a position is carried out after confirmation of a rebound, for example, the formation of a candlestick reversal pattern.

Another popular strategy is Angle Breakout. Here the trader waits for the price to break through an important Gann angle line, especially if this is accompanied by an increase in trading volume. An upward breakout may signal a potential long position, while a downward breakout may signal a short position.

The Gann Fan strategy uses multiple angles radiating from a single point to form a fan-shaped structure. The trader analyzes how price interacts with the various fan lines, using this to determine support, resistance levels and potential reversal points.

Combining Angles and Time Cycles is a more complex strategy where the trader combines Gann angles with the concept of time cycles, also developed by Gann. Here the intersection points of important time lines with Gann angles are analyzed to determine critical moments for entering or exiting the market.

The multi-timeframe strategy involves analyzing Gann angles on different timeframes. For example, a trader might use a 1x1 angle on a daily chart to determine the overall trend, and then switch to an hourly chart to look for entry points using steeper angles.

Author: Yevgeniy Koshtenko

 

Here you are perverting again and again.... )))
A long time ago for MT4 the correct indicator for building Gann angles was written. It is called a box or a template.

No one has written anything more sensible until now. If they write, they are just stumps from the very idea of Gann.

There is also one for MT5, but it is a bit glitchy on H1 and above.

 
Ганн верил, что рынки движутся в предсказуемых геометрических паттернах и что эти движения можно предвидеть, используя комбинацию математики, геометрии и астрологии

The article is incomplete and does not describe the method associated with astrology, which raises questions:

Was Gunn the only believer, or was it someone else?

Is it necessary to build angles at night by looking at the stars, or during the day by the sun? Is it possible to build angles at any time, but make a trading decision by looking at the stars?

If the weather is cloudy and you can't see the stars - trade is cancelled, or also the building of angles is cancelled? Or is it possible to use the sun in the daytime?

Do I need a telescope, or can I do without one, astronomy after all.

Is it necessary to buy Tarot cards, or is it enough to put a protractor to the monitor?

And a lot of other questions, a transcript from the WIKI.

Стратегии прогнозирования рынка Ганна основывались на методах, применяемых в геометрии, астрономии, астрологии и античной математике. Ганн написал ряд книг по биржевой торговле

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Will there be further parts of articles touching on the method of astronomy and astrology to better understand the method of application in real trading?

Gunn was a good marketer but a bad trader (no secret).

 
Vitaly Muzichenko #:

Gunn was a good marketer but a worthless trader (no secret)

That's right, support and spread that opinion. Fewer morons will meddle in this topic with all sorts of leftist courses.

 
Vitaly Muzichenko #:

The article is incomplete, no method related to astrology is described, which leads to questions:

Was it only Gunn who believed, or was it someone else?

Is it necessary to build angles at night by looking at the stars, or during the day by the sun? Is it possible to build angles at any time, but make a trading decision by the stars?

If the weather is cloudy and you can't see the stars - trade is cancelled, or also the building of angles is cancelled? Or is it possible to use the sun in the daytime?

Is it necessary to have a telescope, or is it possible without it?, astronomy after all.

Is it necessary to buy Tarot cards, or is it enough to put a protractor to the monitor?

And a lot of other questions, from the WIKI.

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Will there be further parts of articles touching on the method of astronomy and astrology to better understand the method of application in real trading?

Gunn was a good marketer but a bad trader (no secret)

Yes, there will be two more parts: about Gunn's square, and the most interesting one - about astrological analysis, the influence of the Sun and planets position on the markets in Python. The second one manages to find very interesting things that I want to reveal.
 
Yevgeniy Koshtenko #:
Yes, there will be two more parts: about Gunn's square, and the most interesting - about astrological analysis, the influence of the position of the Sun and planets on markets in Python. The second one manages to find very interesting things that I want to reveal.

O Lord of the great Forex market, and other markets, tell us the Mystery, how on m5 intraday Gannu on the moon and cunts in the sky to look for reversals ...
P.S. - Gann's template has already been mastered, can you tell us what its main secret is?!

 
Bogard_11 #:

morons

Bogard_11 #:

cunts

Gone.

 
Ivan Butko #:

It's gone

Nocher, why don't you piss on Zvizdarasov....?

Naive ALgotrader, tell us, on what mat. models the market goes, on what corners, in what price zones ending with the number 9 (nine), etc. etc. etc.

I bet you 1.000 quid, you'll lose... :)))) To kindergarten, to eat semolina again...

 
Yevgeniy Koshtenko #:
Yes, there will be two more parts: about Gunn's square, and the most interesting - about astrological analysis, the influence of the position of the Sun and planets on markets in Python. The second one manages to find very interesting things that I want to reveal.

It would be interesting to have a retrospective about Gunn - what time it was, what he traded on and how markets were organised at that time.

 
Bogard_11 #:

morons

Bogard_11 #:

cunts

Bogard_11 #:

piss on the Zwizdaras.

Arrogantly

 
Maxim Kuznetsov #:

It would be interesting to have a retrospective on Gunn - what time it was, what he traded on and how the markets were organised at that time.

Right, he lived 100 years ago.

The market wasn't trading forex

There were paper trades, more often through the mail

There were no computers.

It's easier to list what was there.

Made a dozen trades and eventually decided to make money selling worthless books(infotsygan).

Действительно, Ганн твердо верил в астрологию и нумерологию и часто вплетал мистицизм в свои торговые методы . 
Хотя он утверждал, что заработал миллионы на торговле, позже исследователи узнали, что на момент его смерти поместье Ганна стоило всего 100 000 долларов.

The main earner was marketing.

Marketing method to this day, otherwise you can't make money.

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If you took the course and it didn't work out - and it won't work out, which is logical, you'll be told that you're not correctly comparing the stars between the planets.

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Well, the fact is, NO ONE WILL EVER SHOW YOU A STEIT ON THIS THING, because NO ONE HAS IT.

Gunnistas will only blather: that I have, that I, where there you, 10 experience, "ate the dog" and so on. But in fact, a dead mouse ate a dead mouse, and did not understand anything.