Exp_Bear_Bulls_Power - MetaTrader 5 Expert - MT4/MT5 Resources

Exp_Bear_Bulls_Power EA is based on the Bear_Bulls_Power indicator color change. If the color of the indicator histogram changes, a signal is formed when the bar closes.

This Expert Advisor requires the compiled indicator file Bear_Bulls_Power.ex5 to run. Place it into terminal_data_folder\MQL5\Indicators.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with non-zero spreads and the option to set Stop Loss and Take Profit along with opening positions with brokers that offer the following services. You can download more variants of this library via the following link: Trading Algorithms .

The input parameters of the default Expert Advisor were used in the test shown below. Stop Loss and Take Profit were not used during testing.

Figure 1. Example of trade on chart

2015 EURUSD H4 test results:

Figure 2. Test results chart

Attachment download

📎 Exp_Bear_Bulls_Power.mq5 (16.86 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (60.9 KB)

📎 Bear_Bulls_Power.mq5 (16.46 KB)

Source: MQL5 #16428