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The Forex Millionaire RSI Indicator is a trend momentum trading method that uses just two forex indicators: one for timing (based on forex RSI) and one for trend direction (based on smooth moving averages). This trading method was inspired by binary options trading methods. For day trading, Forex Millionaire RSI is also appropriate.
Only the 1 minute period can be used with the Forex Millionaire indicator. Red color dots are sold upon price retracement, and green color dots are purchased (entered on retracement).
- TimeFrame: 1, 5, and 15 minutes.
- Pairs of small and major currencies
- Chart Sessions: New York and London.
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Mt4 Forex indicators:
- Indicator for Forex Millionaire MT4
- Timing of entry: RSI Signal, Period 7, 30 to 70.
Trend Momentum
- trades exclusively in the trend direction of the chart:
- Green colored dots are on the rise.
- Downward trend = Red color dots
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
The Forex Millionaire RSI can be seen in action in the images.
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