Bull Versus Medved: H4 Candlestick Expert Advisor

Summary

This entry introduces an Expert Advisor called Bull versus Medved that bases trading decisions on simple candlestick combinations. It is designed for the four-hour chart. The idea is attributed to Andrey, while the MQL5 implementation is credited to another author. Beyond naming the general signal style and intended timeframe, the entry does not describe the candle patterns, entry or exit rules, or position management.

It notes that testing was conducted on the EUR/USD pair over a stated two-year period with an initial deposit of 10,000. No test results or performance statistics are included in the text, so the evidence cannot establish whether the rules were profitable or robust. The brief description is useful as an example of a candlestick-based automated system, but readers would need the underlying code and complete test report to evaluate or reproduce it.

Key ideas

• The Expert Advisor makes decisions from simple candlestick combinations.
• It is designed for a four-hour chart.
• The entry identifies EUR/USD as the test instrument and gives the testing period and initial deposit.
• No candle rules, trade management details, or test outcomes are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.