In this post I will be reviewing the Thunder Force Forex System which has been designed to be used in the ever popular MetaTrader 4 (MT4) trading platform which is free to download and use from most online forex brokers. Hopefully, this Thunder Force Forex System Review will help you to decide if this is a forex trading strategy that you would like to try out. I think that it has some potential but does require the user to take some initiative. This means that you will need to confirm each trading signal with your own market analysis to make sure that you are happy to take the trade. If not, you can always wait for the next opportunity to come along. I also think it is a very basic forex system and you could probably create something very similar by just using the default indicators that are already included free of charge within the MT4 platform.
Thunder Force Forex System Features
The Thunder Force Forex System is a manual forex trading system that is a combination of indicators which for a strategy temple for your MT4 charts. The developer states you can “make hundreds of pips per day” which is a statement that I would take with a huge pinch of salt as this depends on so many factors.
Some days currency pairs do not move hundreds of pips and even when they do, catching moves from top to bottom or vice versa every time is just unrealistic in my opinion.
Other factors that can be important to performance include money management and trading discipline. I have seen the same system produce different results for different traders due to these factors. I would always try to keep the risk to reward ratio at 1:3 so that a winning trade is at least 3 times greater than a losing trade. It can be frustrating to see 1 losing trade wipe out consecutive winners. Patience and discipline can also be important with any trading system.
The Thunder Force Forex System uses colour coded candlesticks to try and show market trends and ranges. A red candle means the indicator deems there is a down trend, green candle an uptrend and a purple candle a range. There is also a colour coded oscillator and arrows/signals displayed directly on the charts.
Furthermore, the Thunder Force Forex System can alert you via pop ups, SMS and email. It really is a simple system to use which makes it accessible to trades of all different experience levels. I would certainly make sure that I verify every signals with my own analysis before entering a position.
The Thunder Force Forex System is also flexible as you can apply it to any currency pair and chart time frames. I personally prefer the major currency pairs such as the EURUSD and GBPUSD primarily because I find they have some of the most liquidity and can catch some good moves. They also tend to have some of the lowest spreads which can save in trading costs over the long term.
I would also usually manually trade on the longer-term time frame charts such as the 1 hour and above, this is because they can filter out some of the noise from the lower time frames and also do not require as much chart watching.
How to use the Thunder Force Forex System?
The Thunder Force Forex System has been developed to run in the MT4 platform. It comes as a trading template along with built-in indicators that you can apply to your chosen chart symbols and timeframes. You can use the default settings or adjust them according to your own needs. I would certainly practice on a forex demo account to begin with and only use this manual forex strategy as supplementary indicators to my own market analysis.
You just need a demo or real MT4 trading account to use this manual trading system on. I would personally choose an ECN forex broker account due to the fact they tend to have plenty of liquidity which in turns can deliver tight spreads and good execution speeds. 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.
One of the positive aspects of the Thunder Force Forex strategy is that there are so many different ways in which it can be used. There is no one size fits all as every trader has a different trading style and risk preference. You can use the Thunder Force Forex system to scalp, day trade, swing trade or even hold positions for the long term. It can be used on any financial instrument that your trading broker provides and can be applied to any chart timeframe. This makes it a very versatile forex strategy for traders of all experience levels.
Thunder Force Forex System Summary
Overall, I feel like the Thunder Force Forex System has some good potential although the way it performs can depend on external factors such as money management and the trader’s discipline. It is very simple to interpret and also very flexible. You can use it is a standalone system or as an additional filter for your own manual trading system.
To be honest, I feel that this system could easily be replicated using a combination of the technical indicators already built into MT4 such as the moving average and MACD. The system could also be improved by adding ideas for stop loss, take profit and exit levels.
The Thunder Force Forex System comes with detailed instructions, full support, free updates and a money back guarantee.
Thunder Force Forex System
$97
Pros
- Manual Trading Signals
- Technical Indicators
- Easy To Use
- Signal Alerts
- Any FX Currency Pair
- Any Chart Time Frame
- Detailed Instructions
- Full Support
- Money Back Guarantee
Cons
- MetaTrader 4 Only
- Quite Basic Forex Strategy
- Not Very Innovative
- Takes Time To Learn How To Use
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
