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