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Forex millionaire RSI indicator is a trend momentum trading strategy based only on two forex indicators one of trend direction (based on smooth moving averages) and one of timing based on forex RSI. The idea of this trading strategy comes from binary options strategies. Forex Millionaire RSI is also suitable for day trading.

The Forex Millionaire indicator can only use for 1 min timeframe. Buy green color dots (entry on retracement), sell red color dots entry on the retracement of the price.

  • TimeFrame 1 min, 5 min, 15 min.
  • Currency pairs minors and Majors 
  • Chart Sessions: London and New York.
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Metatrader 4 Forex indicators:

  • Forex Millionaire MT4 Indicator
  • RSI Signal, period 7 (30, 70) timing of entry.

Trend Momentum Trading Strategy

  • Trades only in the direction of the chart trend:
    • Trend up= Green color dots
    • Trend down = Red color dots

Trading rules Forex Millionaire RSI indicator 5 min or higher.

Buy

Green color dots +Arrow buy of RSI signal.

Sell

Red color dots + arrow sell of RSI signal

Exit

Place initial stop loss(SL) n.pips above below the entry bar.

Exit position at the opposite arrow, with predetermined profit target, close all opened positions when forex Millionaire indicator changes direction.

Trading rules Forex Millionaire 1 min chart scalping

You can use this method as another timeframe.

Buy

You can use Fibonacci retracement for green dots, an entry in the market at the first retracement of the price.

Sell

You can use Fibonacci retracement with red dots, an entry in the market at the first retracement of the price.

Exit

Exit position when Forex Millionaire indicator changes direction or with predetermined profit target that depends on currency pairs and volatility of the pair (for example, EUR/USD 10 pips, USD/JPY 12 pips, EUR/JPY 13 pips, GBP/USD 15 pips.)

Both methods have good profitability and are thriving.

Use Any EA or Trading Robot
1ms Latency to Your Broker
MT4 / MT5 Pre-installed

35% Discount!

Low Spreads
ECN Account
No Commission

No Minimum Deposit

20% TOP-UP BONUS

Min Deposit of 50$
Allow USA Traders
Levergae up to 1:2000

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Download RSI Indicator Forex Strategy below the images

In the pictures, Forex Millionaire RSI is in action.

  • forexcracked.com Forex Millionaire RSI Indicator and Strategy 1
  • forexcracked.com Forex Millionaire RSI Indicator and Strategy 2
  • forexcracked.com Forex Millionaire RSI Indicator and Strategy 3
  • forexcracked.com Forex Millionaire RSI Indicator and Strategy 4
  • forexcracked.com Forex Millionaire RSI Indicator and Strategy
Premium Scalper Indicator 2.0 FREE Download
Premium Scalper Indicator 2.0 FREE Download