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AlgoKing Lightning Bolt Strategy

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.
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The AlgoKing Squawk Trendlines script will auto draw trendlines on your chart to use with trendline break and retest strategies. Simply drag the script onto your chart. Recommendation: Be sure all candle bars that you want to include in the trendline calculation are visible. Draw trend lines using multiple timeframes. Delete all lines that you do not want to use in your strategy. Benefits: Join the AlgoKing Lightning Bolt Expert Advisor support group:   https://www.mql5.com/en/messages/02E3BDC
AlgoKing Chandelier Exit Indicator (MT4) The Chandelier Exit Indicator is a volatility based indicator that maximizes returns using the Average True Range (ATR) value and the highest high or lowest low of a period. Benefits Should be used as a trailing stop. Helps you exit a position when you have a respectable profit. Identifies a high probability of a trend reversal when the price moves against the prevailing trend by a distance equal to 3x the average volatility. Join the AlgoKing Lightning
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AlgoKing Chandelier Exit Indicator (MT5) The Chandelier Exit Indicator is a volatility based indicator that maximizes returns using the Average True Range (ATR) value and the highest high or lowest low of a period. Benefits Should be used as a trailing stop. Helps you exit a position when you have a respectable profit. Identifies a high probability of a trend reversal when the price moves against the prevailing trend by a distance equal to 3x the average volatility. Join the AlgoKing Lightning
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Divergence is one best ways to trade the financial market as it is a leading indicator of price action that detect high probability reversal and continuation setups.   The AlgoKing Divergence Detector is an RSI and Stochastics Indicator with Divergence Detection. Features Hidden Divergence for trend continuation. Standard or Normal Divergence for trend reversal. Screen Alerts. MetaQuotes Notifications. Email Notifications. RSI Indicator built in. Stochastics Indicator built in. Types of Divergen
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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
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*** RESOLVED ISSUE LIST ***
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ISSUE - RESOLVED
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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
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Desscription: Take partial button removed existing targets. has to do with new ticket number
Status: Resolved.

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

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

ISSUE - RESOLVED
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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.