Market / MetaTrader 4 / Utilities /

AlgoKing Lightning Bolt Strategy

Demo downloaded: 25

Published: 17 June 2022

Current version: 5.20

AlgoKing Lightning Bolt Strategy

Utilities
SQUAWKTRADEFX, LLC
Version: 5.20
Updated: 11 July 2022
Activations: 5

The AlgoKing Lightning Bolt Strategy is a trade manager and has multiple indicators built for a complete trading strategy. Here is a list of indicators built in.

Indicators

Auto drawn Support and Resistance signals
Auto drawn RSI Divergence signals
Auto drawn Fibonacci Retracement signals with buy and sell entry lines.
Lightning Bolt reversal signals.
Auto drawn trend lines.

Trade Management

Auto take partials at simple moving average targets.
Auto take partial and stop losses at Fibonacci retracement levels. Draw the Fib retracement tool on the chart, double click it and apply Stop Loss and Take Partials.
SHIFT-Click to create take partial and stop loss levels.
Auto move stops to break even when first partial is processed.
"Protect" button that moves stops to break even.
"Take partial" button.
Trailing stops.
Custom take partial percentages for each take partial and stop loss line.

Benefits

Join the AlgoKing Lightning Bolt Expert Advisor support group: https://www.mql5.com/en/messages/02E3BDCF0095D801
Excellent for Day Trade / Swing Trades / Scalp setups
Identifies high probability reversal trade setups using harmonics and price structure
Works on all instruments
Daily Signals: London and New York Session
Used to pass FTMO and other PROP FIRM challenges, verifications and funded accounts.
Live Zoom Calls.
Full Chart Breakdowns and Analysis.
Live Mentorship!
Learn to Earn!
With over 100+ members trading LIVE daily using the AlgoKing Lightning Bolt strategy.

Check out our amazing Lightning Bolt Strategy: https://www.mql5.com/en/market/product/83917

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Version 5.20 2022.07.11

SHIFT-CLICK take partial and stop loss lines

custom take partial percentages per line. Click TP and SL lines to modify.

Trailing stop. Click SL lines to enable.

Version 5.1 2022.06.17

***************************
*** RESOLVED ISSUE LIST ***
***************************

ISSUE - RESOLVED
==============================
Description: Deleted FIB targets being processed
Status: Resolved. Found logic issue that caused the issue. Fix will be in version 4.10.8

ISSUE - RESOLVED
==============================
Desscription: Take partial button removed existing targets. has to do with new ticket number
Status: Resolved.

ISSUE - RESOLVED
==============================
Description: Deleting target does not permanently remove target. Targets reappear.
Status: Resolved.

ISSUE - RESOLVED
==============================
Description: Fib target skipped, not taking partial
Status: Resolved.

ISSUE - RESOLVED
==============================
Description: Algo closing positions on opposite LB
Status: Resolved. EA Parameter OPPOSITE_LB_ACTION set to "LB_NO_ACTION" by default.

ISSUE - RESOLVED
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Description: Loss_reduction places target too close to price
Status: Resolved. Use MINIMUM_TARGET_PIPS.

ISSUE - RESOLVED
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Description - Discovery: When I have both US30 and NAS charts open, when I adjust my buttons manually for one instrument, the EA moves my buttons on the other instrument to the opposite position.
Status: Behaving as expected. Changing button coordinates is a global change across all charts, not specific to each instrument. Is there a valid use case that may require unique buttons per instrument?

ISSUE - RESOLVED
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Description: When in position, targets are auto created when timeframes changed.
Status: Resolved. trying to replicate behavior.