In this post I will be reviewing the manual forex trading indicators interestingly named the “Forex Thunderbolt Trading Indicator”. It always makes me smile when I see developers of such trading systems give them such elaborate names, it certainly perks up interest that’s for sure!
This indicator can be used by traders of any experience levels either standalone or in conjunction with your own additional existing trading strategy. It has been built for the MetaTrader 4 platforms for desktop computers and laptops.
In order to use this forex system, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Forex Thunderbolt Trading Indicator System
The Forex Thunderbolt Trading Indicator generates buy and sell signals along with automatic stop loss and take profit levels using three different trading styles. It can run on any currency pair and chart time frame. I tend to find that major currency pairs and higher chart time frames can generate some decent mid to long term manual trading opportunities.
You do not need to constantly analyse multiple charts as Forex Thunderbolt can do that for you. When the indicator finds a valid trading signal based on its in built algorithm, it can send you an alert.
Thunderbolt Trading Indicator is a trend-based indicator that uses a special algorithm that aims to identify every aspect of a trend from beginning to end. It has an implemented filter to try and filter out ranging markets. You can also add your own additional market analysis to further filter trades if you wish.
Depending on your trading style, Thunderbolt Trading Indicator can be quickly and easily set to suit your approach to trading. You can experiment with these preset trading styles: Safe, Standard, or Aggressive modes. More advanced users can switch the trading style to “Custom” and freely adjust the core setting that dictates the speed and frequency of the signals.
Forex Thunderbolt Trading Indicator Summary
Overall, I personally feel that the Forex Thunderbolt Trading Indicator is a basic trading strategy that will require the user taking some initiative in terms of filtering trades and having sound money management principles in place.
For example, I would look for trades only in line with the long term trend and also ensure the risk to reward ratio is positive.
Furthermore, you will need to have your trading discipline in check so that thing such as fear, anger and greed, do not creep into your trading.
The Forex Thunderbolt Trading Indicator includes step by step instructions, full support and free updates.