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Forex Trend Momentum Bulls Bears Power System


Scalping and swing trading with “Forex Trend Momentum Bulls Bears Power System“. The Bulls Power indicator attempts to measure the market’s appetite for higher prices. The Bears Power indicator attempts to measure the market’s appetite for lower prices.

  • Time Frame: M5 or higher
  • Currency Pairs: Any

 

MetaTrader Trading Indicators
  • Bulls Power
  • Bears Power
  • BBands Stop
  • Moving Average
  • Parabolic SAR
  • MACD
  • Commodity Channel Index

 

BUY Rules

Trading NOTES

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  • Bulls Power above 0 level
  • Bears Power above 0 level
  • BBands Stop lime color
  • Price above the Moving Average line and Parabolic SAR
  • MACD histogram above 0 level
  • Commodity Channel Index line above 50 level

 

SELL Rules

  • Bulls Power below 0 level
  • Bears Power below 0 level
  • BBands Stop orange color
  • Price below the Moving Average line and Parabolic SAR
  • MACD histogram below 0 level
  • Commodity Channel Index line below -50 level

 

Trading NOTES
  • Use a demo account or a small live account first to practice this trading system
  • Place the stop loss (initial Stop Loss and trailing stop loss) at the BBands Stop Indicator
    • For example, a SELL order should have a stop placed above the lime BBands Stop indicator, while a BUY order should have a stop placed below the orange BBands Stop Indicator

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