The TRIX Crossover Forex indicator, designed for Metatrader 5, is a valuable tool for traders, generating buy and sell signals on the chart based on TRIX crossovers.
TRIX, short for a triple moving average, forms the foundation of this indicator.
It proves most effective for scalpers and day traders who seek to gain 10-30 pips per trade.
To interpret TRIX signals, follow these straightforward guidelines:
- A green-colored TRIX arrow indicates a short-term bullish trend.
- A red-colored TRIX arrow indicates a short-term bearish trend.
Various indicator inputs and parameters can be adjusted, including TRIX period, signal period, used price, signal type, show levels, and alert notifications.
For 1-minute and 5-minute chart traders, it’s worth noting that the TRIX indicator yields the best results during the London and New York trading sessions.
Before implementing it in live trading, it’s advisable to become familiar with this technical indicator and thoroughly test it on a demo account for an extended period.
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TRIX.Crossover.mq5 Indicator (MT5)
Chart Example
The following chart shows what the TRIX Crossover Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex With The TRIX Crossover Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the green signal arrow is displayed on the chart.
- Open a buy trade and place your stop loss a few pips below the most recent swing low area.
- Exit the buy trade for a fixed take profit target that suits your preference.
- Alternatively, await a sell signal.
Sell Signal
- A sell signal is given when the red signal arrow is displayed on the chart.
- Open a sell trade and place your stop loss a few pips above the most recent resistance zone.
- Exit the sell trade for a fixed take profit target that suits your preference.
- Alternatively, await a buy signal.
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TRIX.Crossover.mq5 Indicator (MT5)
Momentum Channel MT5 Strategy Using TRIX Crossover + Auto Trend Channels
This strategy is built to capture high-probability trades when price breaks out of trend channels with confirmation from the TRIX Crossover Forex Indicator.
The Auto Trend Channels Buy Sell Indicator automatically draws dynamic support and resistance zones, while TRIX crossovers confirm momentum direction.
Strategy Concept
The Auto Trend Channels indicator provides a visual map of price containment zones.
When price breaks out of these zones with TRIX crossover confirmation, it often signals the start of a strong move.
The TRIX line crossing above or below its signal line helps filter out false breakouts.
Buy Trade Setup
- Wait for price to break above the upper Auto Trend Channel.
- Confirm that the TRIX line has crossed above the signal line on the same or lower timeframe.
- Enter a buy trade at the close of the breakout candle if both conditions are met.
- Place a stop-loss just below the upper trend channel breakout level.
- Target the next resistance level or use a 1:2 risk-reward ratio.
Sell Trade Setup
- Wait for price to break below the lower Auto Trend Channel.
- Check that the TRIX has crossed below the signal line, indicating bearish momentum.
- Open a sell position after the candle closes with confirmation.
- Set your stop-loss just above the breakout level or recent swing high.
- Take profit near support or trail the stop as the move develops.
Additional Tips
- Recommended timeframes: M15, M30, or H1 for active trading.
- Combine this with news awareness to avoid breakout traps during high volatility.
- Use the TRIX on a slightly lower timeframe for early crossover signals before the trend channel breakout.
This strategy helps traders enter trades where structure and momentum align.
The TRIX Crossover Indicator filters out weak moves, while the Auto Trend Channels Indicator identifies breakout zones for clean entries and exits.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the TRIX.Crossover.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
