Indicator Review: Forex Millennium

Forex Millennium is another Forex indicator developed by the Karl Dittmann group. This time around, the team is promising that this is the most accurate indicator available, with the “highest win/loss ratio in the industry.” There are many different features and aspects of the software, all of which we will go through during this review and provide historical context to better your understanding of this developer.

Owned and operated by Karl Dittmann Forex Group (KDFG), this new indicator comes right on the heels of his last release, the Alfa Scalper, which came out just over 1 month ago. Karl is known for flooding the market with his products, but this isn’t always a positive element. There are many traders the believe the products are released too frequently, and then forgot about. These clients want the indicators to be updated, and developed over time, like any real strategy should. Yet, this doesn’t seem to be sales model for the KDFG. In order to get in touch with support, traders can go to http://www.karldittmann.com/help.html.

Forex Millennium Review

There are 9 factors that the Forex Millenium indicator are built on. These include an effective trading algorithm, beginner friendly nature, no repainting signals, major currency pair support, trend power detection, and multiple trading styles. Karl believes that these factors, combined with is experience in the Forex markets, is the perfect combination to create the best Forex indicator possible.

The indicator will provide traders with buy or sell signals on just about every time frame and every major pair available. Traders can receive these alerts in MT4, in their email, or via mobile phone push notifications.

The KDFG believes that accessibility is a very important aspect of their service, because it ensure the traders don’t miss potential winning trades.

Trading Modes

Just like the Alfa Scalper, Karl’s last release, the Forex Millennium indicator has the exact same trading modes. These modes are conservative, medium and aggressive. Depending on the mode you choose, you can sacrifice risk in order to receive more trades, or vice versa. The aggressive strategy provides the highest signal frequency, it also the highest risk. The conservative strategy or trading mode, provides the lowest signal frequency and also low risk.

It’s our recommendation, that if you decide to utilize this indicator, that you stick to the conservative mode until you’ve got handle on the software.

Indicator Analysis

• Type: Forex Indicator
• Price: $147
• Strategy: Undisclosed
• Timeframe: M15, M30, H1, H4, D1
• Pairs: All Majors

At $147, the Forex Millennium indicator is priced higher than most indicators in this marketplace. In fact, Karl used to charge anywhere between $79 – $99 for his indicators, but since updating the look of his website, he’s increased the price as well.

The software comes with a full 30 day moneyback guarantee, one real live accounts, reliable signals, a detailed step-by-step user guide, 24/7 email support and the effective trading algorithm. The KDFG utilizes the click bank payment processor, which is good, because this processor makes it very easy to get refunds when required.

Trader Feedback

At this point in time, there is no client feedback for the indicator, as it just hit the market this week.

Past Products

As mentioned previously, Karl is frequently releases products. Here are some of his most recent releases:

• Alfa Scalper
• Rapid Trend Gainer
• X Scalper

Trading Performance

One of the main issues with the Forex Millennium indicator, and other KDFG products is their lack of transparency. Karl provides us with some impressive screenshots that show the potential of the software, but none of these screenshots are indicative of future performance. This is where the KDFG need to provide the community with trading statements shared and verified on websites like Myfxbook or Fxstat.

The bottom line is, Karl is charging $147 for product he simply hasn’t proven works.

Conclusion

While the sales page is professional, and there’s no doubt Karl has a talented team creating these systems, the Forex Millennium indicator isn’t a proven product. If you want to test the system with the 30 moneyback guarantee, or you are a long standing client of Karl’s then maybe you want to sign up with the product immediately. Yet, in our position, we can’t recommend a trading product that doesn’t have any long term proof, when there are many other products in this market that do.

If you have anything you would like to add to the review, please do so now.