TRIX for Metatrader 4 is a momentum Forex indicator that provides trade entry and exit signals, and it works very similarly to MACD.
The indicator appears in a bottom window of the trading platform and delivers simple-to-use buy and sell signals.
TRIX is very reliable, lightweight, and will not slow down your trading platform.
Buy & Sell Trade Example
- Open a buy trade when the yellow signal arrow appears on the chart.
- Open a sell trade when the blue signal arrow appears on the chart.
The indicator can be used for both trade entry and exit or as an additional moving average indicator trend filter.
TRIX works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Trix.mq4” indicator for MT4
Indicator Chart (EUR/USD H4)
The example chart below displays the TRIX mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when using this indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Moving average
Does the indicator repaint? No.
