The Trix Easy Signals Forex indicator is a great trend following indicator with performance above average.
It works well in both trending and ranging currency markets.
In early back testing phase, the Trix Easy Signals indicator won 78 trades out of 100. This is a high win rate above average.
The indicator was designed with the help of a trend strategy that has a proven track record.
The rules to buy and sell with Trix are very simple, anyone should be able to load it onto the MT4 chart and start trading with it in minutes.
- A buy signal occurs when the blue Trix signal line crosses the red line upward.
- A sell signal occurs when the red Trix signal line crosses the blue line upward.
- Excellent trading signals indicator for newbies.
- High win rate.
- Works for scalping, day trading and swing trading.
Feel free to explore the Trix Easy Signals Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Trix Easy Signals MT4 Forex Indicator
Buy Signal: Execute a buy position when the blue Trix Forex indicator signal line crosses the red line upward.
Set your stop loss below the previous swing low price, or use your own favorite SL method.
Take your profit when the red signal line crosses the blue line upward (sell signal), or use your own favorite take profit method.
Sell Signal: Execute a sell position when the red Trix Forex indicator signal line crosses the blue line upward.
Set your stop loss above the previous swing high price, or use your own favorite SL method.
Take your profit when the blue signal line crosses the red line upward (buy signal), or use your own favorite take profit method.
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Period, signal, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: signal
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.