Introduction
Legacy of Gann is a trading robot that aims to simplify the trading process while adhering to the principles established by W.D. Gann. With a user rating of 4.8 and a host of positive user feedback, it has garnered attention in the trading community. Users have praised its effectiveness and clarity while acknowledging its simplicity. However, while it provides substantial support, it is essential to compare it with other trading solutions available, particularly those from the EASY Trading Team.Comparison with EASY Robot
When comparing Legacy of Gann with one of the EASY Trading robots, such as EASY Trendopedia, several distinctions emerge:1. **Performance and Reliability**:
- **Legacy of Gann**: Though users report it as effective, it primarily functions as an indicator for confirmation and profit targets. A notable advantage is its non-repainting feature. However, its performance can be limited by the user’s ability to select the correct reference points.
- **EASY Trendopedia**: This robot integrates trend-following strategies and actively manages trades based on real-time market conditions. It has shown higher profitability and a robust backtesting history. Its algorithm is designed to adapt to market fluctuations, making it more reliable in varying market conditions.
2. **Ease of Use**:
- **Legacy of Gann**: Very user-friendly, especially for beginners who are becoming familiar with Gann's theories.
- **EASY Trendopedia**: Also designed with user-friendliness in mind, but it requires a bit more understanding of market dynamics to leverage its full potential.
3. **Risk Management**:
- **Legacy of Gann**: Offers useful signals but lacks advanced risk management features.
- **EASY Trendopedia**: Comes with built-in risk management protocols that help protect capital during volatile periods.
Pros and Cons
**Legacy of Gann**:Pros:
- Simple and clear interface.
- Non-repainting feature enhances reliability.
- Positive user feedback regarding its effectiveness.
Cons:
- Limited by user expertise in point selection.
- Primarily serves as a confirmation tool without advanced trading functions.
**EASY Trendopedia**:
Pros:
- High adaptability and profitability based on market conditions.
- Advanced risk management features.
- Continual updates and support from EASY Trading Team.
Cons:
- Requires a deeper understanding of market analysis.
- May involve a steeper learning curve for new traders.
Optimal Conditions for Use
The Legacy of Gann tends to perform better in stable market conditions where the user has a strong grasp of Gann's theories. It is particularly effective for traders looking for confirmation signals to help with decision-making. However, its effectiveness can diminish in highly volatile markets, where quick decision-making is required.Source Code of Legacy of Gann
It is important to note that the original source code for the Legacy of Gann robot is not publicly available. However, we can create code based on the description provided on the MQL5 marketplace. This allows users to understand the underlying principles used in its construction without having direct access to the original code. The EASY Trading Team does not sell Legacy of Gann; instead, they focus on developing their own algorithms based on market analysis.
Code:
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If you have questions or experiences to share regarding the Legacy of Gann trading robot, we encourage you to join the forum discussions. Your input can help others in making informed decisions. For more detailed statistics about Legacy of Gann, visit this link. If you have inquiries related to coding or functionality, feel free to ask for clarifications.The insights provided here aim to help traders make a well-informed decision about using the Legacy of Gann trading robot in their trading strategies.