Howdy merchants!
I’ve 3 step-by-step movies obtainable the place they clarify how Bull vs Bear works! After buy, please contact me so I might ship you to your electronic mail the video guides.
As soon as the indicator is put in, go to the inputs part, and also you’ll see the very same screenshot under:
1. Lookback
The primary enter known as Lookback, with a default setting of 3000 bars. Bull versus Bear makes use of a statistics dashboard, and this enter controls what number of previous indicators are displayed primarily based on the variety of bars you choose. A better quantity means the indicator will look additional again to show extra indicators. I like to recommend leaving it on the default setting to keep away from overloading your MT4 terminal with an excessive amount of knowledge.
2. Normal Settings
Within the Normal Settings part, you’ll see 4 inputs, all set to “true.” These kind the core technique of Bull versus Bear, and I extremely suggest leaving them unchanged to make sure the technique features as supposed.
3. Show Settings
The Show Settings part provides you many choices to customise how indicators seem in your chart:
Show Mode: You’ll be able to select between two options–icons or arrows. By default, a bull icon represents a purchase sign, and a bear icon represents a promote sign. If you happen to favor, you possibly can exchange these icons with arrows.
Icon Measurement: Modify the dimensions of the Bull versus Bear indicators. A better quantity makes the icons bigger, whereas a decrease quantity makes them smaller.
Arrow Measurement: If you happen to’ve chosen arrows as your visible indicators, this enter helps you to modify the dimensions of the purchase and promote arrows. A better worth will increase the arrow measurement, and a decrease worth decreases it.
Purchase Arrow Shade: Change the colour of the bullish (purchase) sign.
Promote Arrow Shade: Change the colour of the bearish (promote) sign.
4. Alert Settings
Shifting on to the Alert Settings, you’ve got the next choices:
Allow Pop-up Alerts: Sends an alert to your MT4 terminal when a brand new sign seems.
Allow E-mail Alerts: Sends an alert on to your electronic mail when a brand new sign seems.
Allow Cellular Notifications: Sends a push notification to your cellphone when a brand new sign seems.
5. Revenue Settings
Within the Revenue Settings, we have now a number of visible choices:
Calculation Mode: This enter calculates take revenue and cease loss ranges primarily based on particular methods. The default technique, HigherHigh and LowerLow, makes use of value motion by counting on peak costs, supplying you with ample room for buying and selling. That is the technique that I personally use, and it really works properly on any timeframe.
The second technique known as Sign Revenue, is easy as a result of it merely closes trades primarily based on the subsequent sign. It may be efficient should you’re buying and selling on smaller timeframes.
Win Shade Choice: This lets you change the colour of your take revenue ranges and visualize your earnings in pips, factors, and even cash!
Loss Shade Choice: Change the colour of your cease loss ranges and visualize your losses in pips, factors, or cash.
Entry Shade Choice: Change the colour of your entry value degree on the chart.
6. Label Settings
Within the Label Settings, you possibly can activate or deactivate the show of take revenue and cease loss numbers on the chart. You may also modify the font model and measurement in response to your choice.
7. Line Settings
The Line Settings enter means that you can customise the horizontal strains exhibiting your take revenue, cease loss, and entry costs. You’ll be able to modify the model and thickness of the strains to fit your visible preferences.
8. Panel Settings
Within the last part, we have now the Panel Settings:
Present Panel: You’ll be able to activate or deactivate the statistics dashboard.
X and Y Shift: These inputs mean you can manually transfer the panel to any location in your MT4 chart.
Panel Width: Modify the width of the panel in order for you a bigger or smaller display.
Emblem Measurement: Modify the dimensions of the Bull versus Bear brand to suit your preferences.
Complete Revenue Mode: You will have three choices here–pips, factors, or dollars–to show your complete revenue.
Lot Measurement: Choose any lot measurement, and Bull versus Bear will mechanically calculate complete earnings primarily based in your chosen lot quantity.