- August 20, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Bear And Bull forex Robot Review
Bear And Bull forex Robot, it's a trend following system Auto or Manual with Panel. It's clear from the name of this tool, that it's based on Bears and Bulls indicators To gauge the strength of trends in trading. Bull's power and Bear's power are indicators of the strength of the buyer and selling positions, respectively.
When the 13-day EMA (baseline) is rising and the Bull's power is down but rising, there is a buy signal for that asset. When the EMA is falling and the Bear's power is rising but fading, it is time to sell an asset. These specific indicators are pre-installed in MetaTrader 4 and are simple to use in chat.
What does the term "bulls and bears power" mean?
There are two crucial participants in trading, as there are in every market: buyers and sellers. A specific product or service is in demand because of buyers, who then offer it to the market.
In the world of trading, purchasers are referred to as Bulls and sellers as Bears. When it comes to the Bulls vs. Bears indication, Bulls are always looking to purchase assets for the cheapest price, while Bears want to sell their assets for the highest price.
Therefore, understanding the Bulls and Bears power is quite straightforward for novices. These indicators are plotted on the chart to indicate how successfully purchasers (the Bulls) and sellers (the Bears) are able to acquire and dispose of assets at favorable prices.
2. What program provides indicators for bulls and bears' power?
The default indicators in many pieces of software, such as MetaTrader 4/5, cTrader, etc., include bulls and bears power oscillators. That's because tips about whether to purchase or sell an item are frequently obtained using these indicators.
It is quite simple to add these oscillators to the chart in MT4. A trader just has to pick "Bulls Power" and "Bears Power" from the "Oscillators" option under "Indicators" on the "Insert" menu in the top-right corner of the screen. Although these are two distinct signs, it is best to combine them in order to use them most effectively.
TLN EA PRO V4 + Indicators + Templates
Best Brokers List
The Bear And Bull forex Robot works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
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Bear And Bull forex Robot, We highly recommend trying the EA for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.