Discussion of article "Learn how to design a trading system by Bull's Power"
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New article Learn how to design a trading system by Bull's Power has been published:
Welcome to a new article in our series about learning how to design a trading system by the most popular technical indicator as we will learn in this article about a new technical indicator and how we can design a trading system by it and this indicator is the Bull's Power indicator.
We need the computer to check two values for every tick, and that will be after creating these values for sure, these values are current Bull's Power and previous Bull's Power. We need the program to check these values to know the position of everyone. If the current bull's power is greater than the previous bull's power, we need the program or the expert to return a signal of comment on the chart with the following values and each one in a separate line:
There is another scenario that we need to consider. If the current Bull's Power value is lower than the previous one, we need the expert advisor to return a comment also with the following values and each value in a separate line:
The following is the simple blueprint for this trading system based on its strategy:
Author: Mohamed Abdelmaaboud