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Strategy TRIX & 2MA H1 is a universal trading system that can be applied to any trading asset in the Forex market. Its concept is simple and implemented through two indicators. It uses the TRIX indicator and the standard indicator of a simple moving average. The TRIX indicator is available for FREE Download here in the Indicators section.
It is recommended to apply this strategy on the H1 timeframe.
Indicator settings
Apply the TRIX indicator to the chart of the asset on which you will use this strategy. Leave the parameters of its values by default: TRIX_Period = 13, Signal_Period = 8, Signals = true, CountBars = 1500. Note that the Signals parameter is set to true. This function of the TRIX indicator will facilitate your trading by signaling about events of the intersection of the indicator lines.
Also, apply the Moving Average indicator to your chart. Do this twice so that two moving averages are displayed on the chart. For the first MA set Period = 10 and MA_Method = Simple, for the second Period = 20 and MA_Method = Simple. To avoid confusion in these curves, make the color of the first line red and the color of the second line blue. MA with a period of 10 will be “fast MA,” and MA with a period of 20 will be “slow.”
Conditions for opening BUY deals
The fulfillment of both of these conditions indicates a high probability of the continuation of the trend, and here you can open a long position.
Conditions for opening SELL deals
For open short positions, the same conditions are met, but with the opposite values.
StopLoss and TakeProfit
In the TRIX & 2MA H1 system, the stop-loss is set at the nearest extremum (minimum or maximum price, depending on the type of deal).
By take-profit, the deal closes when the opposite signal appears.
Conclusion
As you can see from the description, this strategy is easy to use, and thanks to sound alerts, TRIX will not require you too much time to search for signals. Focus on these alerts and filter your signals with two MAs. This will increase the percentage of trades with a positive result and, when working with a large number of currency pairs, will save you from the routine search for signals. Using this strategy in your trading, do not forget about the rules of money management and risk control.
