Thunderbolt Forex Trading indicator

Posted on April 3, 2023 by fxl fxl

68 / 100

Thunderbolt Forex Trading indicator

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

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

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

Thunderbolt Forex Trading indicator download link