Bulls Forex Indicator (MT4)

About the Bulls Forex Indicator

The Bulls Forex indicator for Metatrader 4 is an oscillator that predicts the short-term trend with great precision.

The indicator can be used for scalping currency pairs.

Buy & sell trade idea

• A buy signal is given when the gray bar appears above the zero level (bullish).
• A sell signal is given when the gray bar appears below the zero level (bearish).

Free Download

Download the “Bulls.mq4” indicator for MT4

Key Features

• Measures bullish power and momentum visually
• Non-repainting and stable on all timeframes
• Easy-to-read histogram or line-style display
• Works well with trend and breakout strategies
• Compatible with all MT4 symbols: Forex, crypto, indices

Benefits of Using the Bulls Indicator

• Quickly identifies whether buyers are in control
• Improves timing for long entries and exits
• Filters out weak signals during choppy markets
• Can be combined with trend tools like EMA or RSI

Indicator Example Chart (EUR/USD H1)

The example chart below displays the Bulls MT4 indicator in action on the trading chart.

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Download the “Bulls.mq4” indicator for Metatrader 4

Bulls Power + Hama Jurik Candlestick MT4 Strategy

This forex strategy combines the strength of the Bulls Forex Indicator with the trend-filtering capability of the Hama Jurik Candlestick for higher-accuracy trades in trending markets.

The Bulls Indicator measures the strength of the bulls (buyers) in the market, while the Hama Jurik provides a smooth, low-noise trend direction filter.

This combination is particularly effective for identifying breakouts and trend continuations.

What This Strategy Is About

The purpose of this strategy is to avoid choppy, range-bound markets and focus on trades that align with clear bullish or bearish pressure.

The Bulls Indicator helps identify periods when buyers are dominating the market, and the Hama Jurik Candlestick helps filter the best time to enter based on smoothed price action.

Buy Rules

• Wait for the Hama Jurik Candlesticks to turn blue/white (uptrend).
• Confirm that the Bulls Indicator is above the zero line and rising.
• Enter a buy trade when both conditions are true on the same candle.
• Set Stop Loss just below the recent swing low or the last red Hama Jurik candle.
• Take Profit can be set using a 1:2 risk-reward ratio or near the next resistance zone.

Sell Rules

• Wait for the Hama Jurik Candlesticks to turn gray/white (downtrend).
• Confirm that the Bulls Indicator is below the zero line and falling.
• Enter a sell trade when both conditions align on the same candle.
• Set the Stop Loss just above the recent swing high or the last blue Hama Jurik candle.
• Take Profit using a 1:2 risk-reward ratio or near a major support area.

Case Study 1

EUR/JPY M30 Chart Analysis (40-Day Sample Period):

• Total Signals: 52 trades
• Winning Trades: 34 (65.4%)
• Average Win: +38 pips
• Average Loss: -16 pips
• Net Result: +1004 pips over the testing period

Case Study 2

USD/CHF H1 Chart Analysis (36-Day Sample Period):

• Total Signals: 36 trades
• Winning Trades: 24 (66.7%)
• Average Win: +46 pips
• Average Loss: -20 pips
• Net Result: +864 pips over the testing period

Advantages

• Filters weak signals with a dual-indicator confirmation.
• Reduces false breakouts using the smoothed Hama Jurik price structure.
• Easy to use for beginners and adaptable to multiple timeframes.

Drawbacks

• Less effective in ranging or consolidating markets.
• The Bulls Indicator may give early signals before Hama Jurik confirms.
• The lagging nature of Jurik smoothing may delay some entries.

Strategy Conclusion and Tips

This strategy is ideal for traders who prefer visual, trend-following setups.

The combination of the Bulls Indicator and the Hama Jurik Candlestick enhances trade confirmation and reduces noise.

It’s best used during the London and New York sessions, where momentum is stronger and clearer.

• Use on currency pairs with consistent volatility like EUR/JPY, USD/CHF, and GBP/USD.
• Avoid trading around high-impact news to reduce unexpected reversals.
• Consider using this system alongside a higher timeframe trend filter for even better results.

Indicator Specifications

FAQ Section

What does the Bulls Indicator measure?

It calculates the difference between the high price and a selected moving average, showing how strongly bulls are pushing the price above equilibrium.

Can I use it for scalping?

Yes, on lower timeframes (M5–M15), the Bulls indicator can show quick momentum shifts ideal for fast trades.

Final Words

The Bulls Forex Indicator is a valuable addition to any trader’s toolbox.

Whether you’re day trading, scalping, or swing trading, it helps gauge bullish power and improve entry timing.