This paper mainly studies angle-measurement based track processing approach to overcome the existing problems in the applications of traditional approaches for bearing-only target locating and tracking system. First, this paper gives suited data association algorithms including track initiation and point-track association. Moreover, a new tracking filtering association gate method is presented through analysis of the target motion characteristics in polar coordinates for improving bearing-only measurement confirming efficiency of real target and limiting false track overextension with the dense clutter. Then, by analyzing the feasibility of using multi-model technology, the IMM is adopt as filtering algorithm to solve existing problem in bearing-only tracking for complicated target motion in two dimensional angle plane. As the results, the two dimensional bearing-only tracking accuracy of real target is improved and false tracking is greatly limited. Moreover, computation cost of IMM is analyzed in view of the real-time demand of bearing-only tracking. Finally, this paper gives some concrete summary of multi-model choosing principle. The application of the proposed approach in a simulation system proves its effectiveness and practicability.