Bulls Bears Power Forex Trading Strategy

Are you often stuck trading against the tide—buying when bears are pushing hard or selling when bulls are still in control? This strategy is designed to help you align with market sentiment instead of fighting it. The link to download the free template is shown below.

What you’ll learn:
We use two core tools:

The “Bulls Power / Bears Power” indicators (based originally on Alexander Elder’s concept) to measure buyer/seller momentum and bias.

A trend‑filter, namely the Chandelier Stops v1 indicator in this system, which helps identify when the trend could be turning or continuing.


Core Buy & Sell Rules:
✅ Buy Setup:
Price is above the Chandelier Stops blue line (trend bias bullish).
Bulls Bears Power indicator prints positive (green) bars (bullish sentiment).
A strong bullish momentum candle forms.
Enter long once all align.


❌ Sell Setup:
Price is below the Chandelier Stops red line (trend bias bearish).
Bulls Bears Power indicator prints negative (red) bars (bearish sentiment).
A strong bearish momentum candle forms.
Enter short when confirmed.

Risk Management Tips:
Set your stop‑loss just beyond the entry candle (for long: just below; for short: just above).
Only take trades when sentiment (indicator) and trend (Chandelier Stops) are aligned—skip setups when market is choppy or indecisive.

📥 Download the free indicator/template and start applying this strategy now: https://forexmt4indicators.com/bulls-...

💬 Comment below: Which timeframe do you trade most (H1 / H4 / Daily)? And what’s your biggest challenge when gauging market sentiment in your trades?

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