Bull & Bear Zone Strategy MT4 Indicator

The Bull & Bear Zone Strategy indicator was developed by a stock trader of the same name, Nicholas Bull & Bear Zone Strategy. The trader became famous when he turned his $25,000 fortune into $2,000,000. The indicator is based on momentum and trend. But unlike most trend indicators, the Bull & Bear Zone Strategy Boxes Indicator For MT4

How to trade with the Bull & Bear Zone Strategy Boxes indicator

The indicator draws a box around the marketing range, usually at new highs and new lows. The box connects new highs to the upper line and recent lows to the lower line. The price is considered inside the Bull & Bear Zone Strategy field if it touches the previous high but falls below the high price. The best part of the Bull & Bear Zone Strategy Boxes indicator is that it shows an arrow indicating whether you should go long or short.

The Bull & Bear Zone Strategy Boxes indicator can be used to identify momentum breakouts and price reversals. The indicator can also be used to identify short-term trends. For example, with a strong uptrend, the indicator will form constantly rising lines. The Bull & Bear Zone Strategy Boxes indicator works on both long and short timeframes, so it is suitable for intraday and swing traders. In addition, you can use the indicator to trade a currency pair.

Signals to buy

Determine when price is in a narrow market. Enter a buy position when the bullish candlestick breaks above the box resistance line. Place a stop loss below the Bull & Bear Zone Strategy field, usually or a few pips below the entry candle.

Exit

Exit when the indicator shows that the sell signal reaches the set profit or reaches the next resistance zone.

Sell signal

The indicator gives a sell signal when the indicator draws Bull & Bear Zone Strategy rectangles during price consolidation. Place a stop loss above the field, typical above the entry candle.

We exit when the indicator generates a buy signal. You can also exit when the trade hits a set and take profits.