MTF Trix System and Indicators

September 18, 2009 by hyiperz 

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TRIX is a momentum indicator that displays the percent rate-of-change of a triple exponentially smoothed moving average of a security’s closing price. It was developed in the early 1980’s by Jack Hutson, an editor for Technical Analysis of Stocks and Commodities magazine. Oscillating around a zero line, TRIX is designed to filter out stock movements that are insignificant to the larger trend of the stock. The user selects a number of periods (such as 15) with which to create the moving average, and those cycles that are shorter than that period are filtered out.

The TRIX is a leading indicator and can be used to anticipate turning points in a trend through its divergence with the security price. Likewise, it is common to plot a moving average with a smaller period (such as 9) and use it as a “signal line” to anticipate where the TRIX is heading. TRIX line crossovers with its “signal line” can be used as buy/sell signals as well.

Attached chart shows buy signal effective 15H00 GMT @ 16495.
The 60M candle has signaled a TREND CHANGE and plays NO further part in the trade. It is a TREND INDICATOR only. You don`t trade from it , use a high or low, in fact the job is done.
Now you move to 15M and 5M charts to find your entry.

trix mtf trading system 1

trix mtf trading system 1

We are now on 15M chart to confirm that we have a valid buy signal.
We LSD……look…see…decide
WE see a BUY signal. Part 2 of the puzzle is completed. 60M long 15M long Now leave the 15M alone, it has done its job. We are moving to 5M chart next.

trix forex trading system 2

trading system 2

WE are now on the 5M chart.
We are looking for an entry point….on this chart…not on 60M or 15M chart, their job is done.
What do we see…..
1) Valid buy signal YES…NO

Right at the blue line

YES….we have a buy signal..
So we have 60M long 15M long 5M long …we take the trade …Right???
Wrong!
Look at the price 16495….
I said: Don`t take a trade right at a big number…..you may find that you trade a nasty bounce
Big number is 16500 ..only 5 pips away.
Please look for yourself what would have happened if you took the trade there…..nasty bounce..25 pips
The price bounces back and we have another buy signal.
The signal candle forms a high ( white line) @ 16505 just above the BIG NUMBER.
We take the trade on the break of the high (green line)

trix forex trading indicators 3

trading indicators 3

Download Trix forex trading system and indicators

Creator of Trix MTF forex system and indicators : Indrek

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Comments

2 Responses to “MTF Trix System and Indicators”

  1. H. on February 20th, 2010 3:40 pm

    How can I download EA system? Such as Supernova EA.

  2. hyiperz on February 21st, 2010 3:03 am

    Hover your mouse on the bottom of the post, and see there’s a link to download specific indicator/ea

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