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Bulls and Bears Strategy

by The trader, 4342 days ago
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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.


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Type: Trading System

Object ID: 1247


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Market: All

Style:
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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.