Bulls and Bears Strategy

The bulls and bears strategy is based on the bull and bear power indicators.

This long/short strategy goes long when the following conditions are met:
- Security increased for at least three consecutive bars (bullish)
- The bull power indicator is increasing and its value is positive
- The last low of the bull power indicator is lower than the previous one

It goes short when the following conditions are met:
- Security decreased for at least three consecutive bars (bearish)
- The bear power indicator is increasing and its value is negative
- The last high of the bull power indicator is higher than the previous one

Along with the above long and short rules, the trading system contains also a profit stop loss that closes any open position if its profit exceeds 10%.
The maximum number of open positions allowed in this trading system is twenty.

Note that if a long position gets a short signal, the position is reversed (It is closed and a short position is initiated). The same logic applies when we get a long signal for an existing short position.


In order to use this strategy, you must download the following indicator: Bull and Bear Power.

Technical Analysis

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Fundamental Analysis

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