Forex Millennium - new forex indicator with effective algorithm and its analog

Forex Millennium is a new indicator for forex trading from the already known to us Karl Dittmann and his development team. The essence of their development is to give beginner traders a powerful tool for obtaining accurate signals. As always, we get an indicator with an efficient algorithm and reliable signals 100% no repaint. We only need to follow the Buy/Sell indicator signals and make a profit. Let's try to look at this miracle more closely.

Characteristics of the Forex Millennium
Official website: forexmillennium.net
Platform: Metatrader4
Currency pairs: Any pairs, indices and metals
Trading Time: Around the clock
Timeframe: M15 - D1
Recommended broker: Roboforex, XM, FBS
How it works?
As you know, any new indicator is a well-forgotten old one (sometimes even the standard one from Metatrader 4). And, in my opinion, Forex Millennium is no exception. Very much in it resemblance to HalfTrend and Ozymandias. Of course, the novelty from Karl Dittmann is more perfect, devoid of repainting, significantly improved and supplemented with an information panel. In addition, it has three risk sharing modes: Conservative Mode, Medium Mode and Aggressive Mode.

But ultimately the fact is that Forex Millennium is from the HalfTrend and Ozymandias family. It is only necessary to select the appropriate settings, namely a parameter “Amplitude”.

Take a look.

This is Forex Millennium EURGBP M15 with a total profit of +323 pips:

fx-millennium-eurgbp

The image shows what to Buy when the indicator has a green channel. And Sell - when the yellow channel appeared. Stop Loss - at the level of the nearest local minimum/maximum. Exit a position when changing channel color. More detailed instructions you will receive on the official website.

And this is HalfTrend EURGBP M15 with Amplituda = 4 and a total profit of +361 pips:

fx-millennium-analogue-eur-gbp-amplitude4

This is Forex Millennium EURJPY H1 with a total profit of +571 pips:

fx-millenium

And this is HalfTrend EURGBP M15 with Amplituda = 14 and total profit +562 pips:

fx-millenium-analogue-eur-jpy-amplitude14