Thunderbolt Forex 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 template file. Before trading, choose your mode by loading a specific mode template file. Trading with the Forex Thunderbolt Indicator is simple: immediately open a trade in the direction of the signal arrow after the signal appears. 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 the next opportunity
- Set stop loss at the provided SL level
- Take profit at first or second TP level
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 the next opportunity
- Set stop loss at the provided SL level
- Take profit at first or second TP level
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.
Installation Guide
Download the Forex Thunderbolt.zip archive at the end of this post, open it, then copy and paste the forex indicators files of the Forex Thunderbolt into the MQL4 Data folder of the MetaTrader 4 trading platform.
You can open this folder by clicking the menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators.
Furthermore, to run the Forex Thunderbolt, you must copy the template files into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and copy the Forex Thunderbolt.tpl file into that folder. Next, select the file and click Open to load the system on your chart.
