Big Bull System is a Trend Following Strategy for MT5 that is free to download. What makes this MT5 Trend Following system special is its combination of trend-following techniques with the supply and demand indicator. In this article, we will delve deep into its mechanics and its suitability for different types of traders.

The Super Big Bull Strategy emphasizes trading in the direction of the trend while simultaneously taking into account critical levels of support and resistance. By integrating these aspects, traders get a more holistic view of the market, which can lead to more informed trading decisions.

Whether you’re just starting out or have years of experience, this strategy is flexible and intuitive enough for traders of all levels.

Indicators Used in this Trend Following Strategy

The system uses several indicators, including the BIGBULL CANDLES, BIGBULL PTL, BIGBULL Ribbons, BIGBULL JMA, BIGBULL BARS, BIGBULL DOT, BIGBULL Histogram, and the supply and demand indicator. These indicators work together to help traders discern the correct market direction near support and resistance zones.

These are the main indicators used in this Trend Following Strategy to determine entries. But the system does come with an additional indicator, so you can experiment with filtering the signals further.

1. EMA (50 and 200 Exponential Moving Average, Close): A widely used tool to determine the strength and direction of the trend.
2. BIGBULL CANDLES: This modifies the chart candle colors to resonate with the moving average convergence divergence, providing visual ease to identify potential market trends.
3. BIGBULL PTL (Perfect Trend Line Indicator): A reflection of the highest high and lowest low over two different periods. Based on these values, a subsequent trend is derived, helping traders identify potential breakout or breakdown scenarios.
4. BIGBULL Ribbons: This innovative tool uses the “speed” attribute of the EMA variation indicator to construct a ribbon, thus facilitating the identification of potential crossovers without modifying the calculation period.
5. BIGBULL JMA: A unique aspect of the Jurik Moving Average (JMA) is its adaptive nature, meaning it adjusts according to market volatility. The Super Big Bull Strategy adds another layer of adaptability by incorporating the Average True Range (ATR). This double adaptation, especially during high volatility periods, provides traders with a more responsive tool to market changes.

This Big Bull System can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, practicing trading on an MT4 demo account can be beneficial until you become consistent and confident enough to go live.

The Trend Following Strategy is entirely manual. The indicators produce the signals, but any decisions to enter the market and set protection or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward and use initial support and resistance areas to set entries and exits.

MT5 Trend Following Trading System can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, But it works best on M5, M15, and M30.

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Trading Rules for Big Bull System

Remember to tighten your Stop Losses around High Impact News Releases or avoid trading at least 15 minutes before and after these events when using this Big Bull System.

As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.

Buy Entry

• Support Bounce: Ensure the price is bouncing off a support level. This suggests potential upward momentum as demand exceeds supply at these levels.
• PLT Signal: Wait for the PLT to display a GREEN buy dot, indicating bullishness.
• Ribbon Confirmation: Ribbon 1 should be above Ribbon 2. This shows that the short-term momentum is bullish compared to the longer-term momentum.
• ATR JMA Indicator: Ensure the ATR JMA displays a GREEN line, which signifies bullish market conditions.
• BIGBULL Bar Confirmation: The BIGBULL Bar value should be greater than 0, confirming the bullish sentiment.

Sell Entry

• Resistance Bounce: Observe if the price bounces off a resistance level. This indicates potential downward momentum, as supply is exceeding demand at these levels.
• PLT Signal: The PLT should exhibit a RED sell dot, indicating bearishness.
• Ribbon Confirmation: Ribbon 1 should be below Ribbon 2. This means the short-term momentum is bearish compared to the longer-term momentum.
• ATR JMA Indicator: The ATR JMA should have a RED line, signifying bearish market conditions.
• BIGBULL Bar Confirmation: The BIGBULL Bar value should be less than 0, reaffirming the bearish sentiment.

Trade Exist

Exiting a trade is just as important as entering one. It’s crucial to know when to take profits or cut losses to maintain a profitable trading strategy.

1. Stop Loss Placement: Initially, place the stop loss just above (for sell trades) or below (for buy trades) the support or resistance zone. This ensures you’re out of the trade if the market goes against your position.
2. Profit Targets:
   • Opposite Zone: Book profits before the price reaches the opposite zone (i.e., before reaching resistance in a buy trade or support in a sell trade).
   • Risk-to-Reward Ratio: Aim for a profit target that gives you a risk-to-reward ratio of 1:1.7. This ensures that you’re earning more than you’re risking.
   • Ribbon Change: If Ribbon 1 changes its direction, consider it a signal to book profits.

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Conclusion of MT5 Trend Following System

This MT5 Trend Following System offers a balanced mix of trend identification, momentum detection, and crucial market levels’ recognition. Its multi-faceted approach, combining various technical indicators, gives traders a comprehensive tool to navigate the markets confidently.

However, like any strategy, it’s essential to back-test, practice, and understand the nuances before committing to real capital. Every trader’s risk appetite and trading style are different, so it’s crucial to adapt the strategy to one’s own trading preferences and not rely solely on any single method. Happy trading!