Bulls Bears Expert Advisor
Info
The Bulls Bears Expert Advisor is a Expert Advisor for MetaTrader 5 that the expert advisor exp_bullsbears is based on signals from the semaphore signal trend indicator. A signal to perform a trade is formed when the indicator reverses and its color changes at bar closing.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Bulls Bears Expert Advisor
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
The Expert Advisor exp_bullsbears is based on signals from the semaphore signal trend indicator.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: EXP Bulls Bears Eyes - another powerful expert for MetaTrader 5 traders.
The Expert Advisor exp_bullsbears is based on signals from the semaphore signal trend indicator. A signal to perform a trade is formed when the indicator reverses and its color changes at bar closing.Also recommended: exp color bears - similar expert with strong performance on MetaTrader 5.
To use the EA, place the compiled file bullsbears.ex5 in the terminal_data_folder\mql5\indicators.
The default input parameters were used for the tests shown below, and stop loss and take profit were not employed.
Fig. 1. Instances of deal history in the chart.
Testing results for 2026 at XAUUSD H4:
Fig. 2. Charts of testing results.
You may also like: exp color bulls - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_type1 draw_filling
#property indicator_color1 orangered,forestgreen
#property indicator_label1 "bullsbears"
#include <smoothalgorithms.mqh> .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.