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Bulls and Bears Signal

Bulls and Bears Signal is breakout system on two indicators on the chart. The first to identify Bulls Bears Signal entry points. Second for...

Bulls and Bears Signal is breakout system on two indicators on the chart. The first to identify Bulls Bears Signal entry points. Second for the final filter of signals - Average Directional Movement
Index It remains only to formulate the exact rules for entering the transaction.

Buy signal
The price breaks one of the lines of the Bulls Bears Signal indicator from the bottom up.
Next, we need to wait until the second candle also closes above the line, which was pierced. That is, the price should not go beyond the line again. In the meantime, we are waiting for confirmation (closing of the second candle), look at Average Directional Movement Index indicator that acts as a filter.
The + DI line should be above the –DI line. Lines should be far away apart, in other words - the line + DI should go up and the line –DI should go down. The third line of ADX should also strive up as strong as the + DI line and be as close to line + DI, ideally almost merge with it. If Average Directional Movement Index also confirms that the price go up we enter the deal after closing the candle. It should also be taken into account that after breaking through the indicator Аverage Directional Movement Index may confirm the trend after closing not second and third candles, sometimes after the fourth. If so, then we all the same enter the deal. It is not necessary to enter the deal immediately after breaking through Bulls Bears Signal indicator lines most importantly wait
confirmations from the indicator Directional Movement Index.
Summary of long entry
Price breaks the Bulls Bears Signal indicator line from the bottom up
We are waiting for the closing of the second candle above the broken line
Indicator lines of the Directional Movement Index + DI and –DI strongly
diverged while the ADX line is directed up and close to the + DI line
If after closing the second candle, the Directional indicator
Movement Index does not give a clear picture, we are waiting for the closure of the next
candles.
Take a look at the screenshot below.
Bulls and Bears Signal
The price has broken the line (after that you will receive an audio message - a signal)
Next, we look at the basement indicator Directional Movement Index.
The + DI line began to go up from the –DI line and the ADX line rushed up and eventually merged with the + DI line, an excellent entry into the market. Here we went after closing the third or fourth candle.
Bulls and Bears Signal
Here we would enter after closing the second candle. Lines + DI and –DI are excellent parted and the ADX line is going up as much as the + DI line, it practically located on it.
Sell signal
Price breaks the Bulls Bears Signal indicator line from top to bottom
We are waiting for the closing of the second candle below the broken line
Indicator lines of the Directional Movement Index -DI and + DI are strong
diverged while the ADX line is directed up and close to the -DI line
If after closing the second candle, the Directional indicator
Movement Index does not give a clear picture, we are waiting for the closure of the next candles.
Bulls and Bears signal
Price broke the Bulls Bears Signal line. The –DI line went far from + DI and the line
ADX is almost on the –DI line. Here we would enter at the close of the second candles.
Please note that with a sell signal, the –DI line is above the + DI line,
on the examples above the purchase was the opposite. And the ADX line for all typesthe signal should be directed upwards, as it does not show
trend direction, but shows its strength.
Bulls and Bears Signal




    Download Bulls and Bears indicators and template.zip
    Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
    Copy tpl file (Template) to your Metatrader Directory / templates /
    Start or restart your Metatrader Client
    Select Chart and Timeframe where you want to test your forex system
    Right click on your trading chart and hover on “Template”
    Move right to select Bulls and Bears.
    You will see Bulls and Bears on your Chart.



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