Introduction to the Forex Millionaire Indicator
The Forex Millionaire Indicator is a trend following indicator. It’s a 100% non-repaint forex indicator and its accuracy reaches a crazy 95-98%. This trading tool is perfect for scalping and swing trading but it can be also successfully used as a filter in other forex strategies. It consists of two lines that work in a similar manner to the moving averages but it has a secret ingredient. Just load it to your chart and you will see how smooth and profitable signals it gives. You will rarely see any fake signals. Simply look for buy trades when both lines are green. Similarly, look for sell trades when both lines are red.
The Forex Millionaire Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
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How to set up the Forex Millionaire indicator in Metatrader (MT4)?
Download the Forex Millionaire.rar archive at the bottom of this post, unpack it, then copy and paste the Forex Millionaire.ex4 or Forex Millionaire.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Forex Millionaire indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free MT4 Forex Millionaire Indicator
To download the Forex Millionaire Indicator for Metatrader 4 (MT4) for free just click the button below: