Forex Trix Cycle Trading System
Forex Trix Cycle Trading System:
The TRIX Indicator was developed in the early 1980s by Jack Hutson who was an editor for the Technical Analysis of Stocks and Commodities magazine. Its name is comprised of its calculation: Triple Exponential. The TRIX is calculated using triple smoothing of price and therefore it is generally trend-following and a bit lagging in signals.
Calculation
1. Smooth price with 14-period Exponential Moving Average (EMA).
2. Smooth the EMA from step 1 with 14-period Exponential Moving Average (EMA).
3. Smooth the EMA from step 2 with 14-period Exponential Moving Average (EMA).
4. Divide the value (triple smoothed) of today from the one of yesterday. The result is the TRIX.
A signal line (Slowed version of the TRIX) is then calculated, to be used in generating signals.
Trading with the TRIX
The TRIX is traded in several ways, generally like the MACD which is visually similar.
Trading Method #1: Signal Line Cross
This method uses the signal line to generate buy and sell signals.
The trading rule is similar to the one used at MACD, Stochastic and more traditional indicators:
Trading Rules:
Buy when TRIX crosses its Signal Line from below.
Sell when TRIX crosses its Signal Line from above.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Trix Cycle Trading System?
- Download Forex Trix Cycle Trading System.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Trix Cycle Trading System?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
