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.
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.
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.
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.