Forex Thunderbolt Trading Indicator

MT4 Trading SystemsFree Download

Introduction to the Forex Thunderbolt Trading Indicator

The Forex Thunderbolt Trading Indicator is actually a set of indicators, therefore you can consider it as a complete forex strategy. Using it is not very complicated. It simply displays buy/sell arrows with two profit targets and stop loss level. All you need to do is trading accordingly.

The Forex Thunderbolt Trading Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How does it work? How to apply in trading?

Trading Rules Explanation

There are three modes to use the Forex Thunderbolt Trading Indicator: Safe Mode, Standard Mode, and Aggressive Mode. Each one has its own template file. Before trading choose your mode by loading a specific mode template file. Trading with the Forex Thunderbolt Indicator is really simple: after the signal appears, immediately open a trade in the direction of the signal arrow. You will have stop loss and profit targets displayed directly on the chart.

Buy Signal

Follow these steps for a long trade:

Forex Thunderbolt plotts upward arrow
Quickly open a buy trade
If you missed the entry point, wait for next opportunity
Set stop loss at the provided SL level
Take profit at first or second TP level

Forex Thunderbolt Trading Indicator Example of Buy Trade

Sell Signal

Follow these steps for a short trade:

Forex Thunderbolt plotts downward arrow
Quickly open a sell trade
If you missed the entry point, wait for next opportunity
Set stop loss at the provided SL level
Take profit at first or second TP level

Forex Thunderbolt Trading Indicator Example of Sell Trade

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

How to set up the LMT Forex Formula Trading System in MT4?

Installation Guide

Download the Forex Thunderbolt.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the Forex Thunderbolt into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Furthermore, to run the Forex Thunderbolt you need to copy the template files into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the Forex Thunderbolt.tpl file into that folder. Now select the file and click Open to load the system on your chart.

Bottom Line

The Forex Thunderbolt Trading indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.