Introduction to the Forex Millionaire Indicator
The Forex Millionaire Indicator is a trend following indicator. It’s a 100% non-repaint indicator and its accuracy reaches 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.
The indicator is displayed directly on the main trading chart. It’s really easy to use this system.
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.
This indicator fits all kinds of timeframes and currency pairs and it is a non-repainting version.
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 MT4?
Copy and paste the Forex Millionaire Indicator.ex4 and CTimer_V5e.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
Copy also file Forex Millionaire.tpl into Templates folder.
You can gain access to this folder by clicking the top menu options, that 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.
You can also right-lick default chart, hover over Templates and click the Forex Millionaire.
The Forex Millionaire indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
Forex Millionaire Indicator Free Download
To download the Forex Millionaire Indicator for Metatrader 4 (MT4) for free just click the button below: