The Forex Thunderbolt Trading Indicator is a set of indicators. Therefore you can consider it as a complete forex strategy. Using it is simple. It simply displays buy/sell arrows with two profit targets and stop-loss levels. All you need to do is trade accordingly.

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

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.

Download the Free MT4 Forex Thunderbolt Trading Indicator

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