Forex TRIX Triple Exponential Average Expert Advisor Setup - Setting Up TRIX EA

Forex TRIX Triple Exponential Average Expert Advisor Setup - Setting Up TRIX Triple Exponential Average Expert Advisor - A Forex trader can come up with an TRIX Triple Exponential Average Expert Advisor based on the TRIX Triple Exponential Average indicator explained below.

Forex TRIX Triple Exponential Average Expert Advisor rules can be combined with other Forex trading indicators to come up with other EA Forex Robots that trade using rules based on two or more indicators combined to form a forex trading system.

Triple Exponential Average (TRIX) Technical Analysis and TRIX Forex Trading Signals

Developed by Jack Hutson

TRIX is a triple smoothed oscillator that is designed to eliminate spikes that cause whipsaws in the calculations, these spikes or market cycles that are shorter than the selected indicator period used to calculate and plot are ignored.

Triple Exponential Average is an oscillator that oscillates above and below a center line mark. The center line level is used to determine bullish and bearish trends. TRIX will measure the momentum of an uptrend or a down trend. Above the center line shows bullish trends and below center line shows bearish trends

Forex TRIX Triple Exponential Average Expert Advisor Setup

Technical Analysis and Generating Signals

Bullish Buy Signal

A buy signal can be generated using two methods:

• The first one is the center line crossover signal where values above the line are bullish.

• The second one is used to generate a trading signal when the signal line crosses above the TRIX line.

Bullish Buy Signal - Forex TRIX Triple Exponential Average Expert Advisor Setup

Bearish Sell Signal

A sell signal can be generated using two methods:

• The first one is the center line crossover signal where values below the line are bearish.

• The second one is used to generate a trading signal when the signal line crosses below the TRIX line.

Bearish Sell Signal - Forex TRIX Triple Exponential Average Expert Advisor Setup