Bull and Bear Mining (MT4) — review, price and free alternatives

This review of Bull and Bear Mining presents a 2026 performance analysis based on live and backtested XAUUSD data and independent results. The detailed review and Results comparison show how the EA behaves under different volatility regimes and provide context for expected drawdowns and monthly returns. Bull and Bear Mining is unique because it relies entirely on raw price action on the H1 timeframe rather than on indicator signals, and the logic intentionally restricts trading hours to limit exposure.

Daniel Davila developed Bull and Bear Mining for the MT4 platform with clear code that emphasizes risk management and trade discipline. The algorithm evaluates recent price behavior to trigger entries and uses predefined stop loss and take profit levels to close trades automatically. Market conditions that suit the EA include clear intraday trends and moderate volatility; it is less effective during extended news-driven spikes or extremely low liquidity periods. Backtests and live tracking typically show moderate trade frequency with steady equity growth rather than aggressive spikes.

Risk controls include equity-based position sizing, daily trade limits, and fixed exit rules to avoid compounding losses.

Bull and Bear Mining carries a moderate risk profile when configured per recommended settings. The stop loss strategy relies on predefined SL and TP values rather than trailing or grid exits, which contains individual trade losses but does not eliminate occasional multi-trade drawdowns. Position sizing is equity-based, so risk scales with account balance and avoids fixed-lot overexposure. Vulnerabilities include news-driven gold volatility and thin weekend liquidity where spreads can widen. For practical use the developer recommends starting with a minimum account size of $2,000 and testing on demo accounts before allocating larger capital.

Install Bull and Bear Mining by copying the EA file into the MT4 Experts folder and restarting the terminal. Attach the EA to an H1 XAUUSD chart and enable automated trading in MT4. Configure key parameters such as risk percentage per trade, trading start and stop hours, and maximum open trades to match your account size. Use an ECN or STP broker with tight spreads and reliable execution for best results. Run backtests over at least two years of tick or M1 data, then forward test on a demo account for 1 to 3 months before going live.