MT4 TRIX Indicator – User Guide

The TRIX Indicator is a precision tool for MetaTrader 4, designed to provide accurate trade entries for scalping and day trading. It combines multi-timeframe (MTF) confirmation, trend and momentum filters, and entry sensitivity adjustment to adapt to different trading conditions and styles.

🔧 Core Features

1. Accurate Entry Signals

   • Buy/sell arrows appear on the chart when conditions match the internal algorithm.

   • Signals are optimized for fast-moving markets and short-term setups.

2. Multi-Timeframe (MTF) Analysis

   • Confirms signals by checking trend direction on higher timeframes.

   • Helps filter out false entries caused by short-term noise.

3. Trend & Momentum Filters

   • Ensures that trades align with the dominant market direction.

   • Detects exhaustion zones to prevent late entries.

4. Entry Sensitivity Adjustment

   • High Sensitivity: More frequent signals, faster entries (suited for scalping).

   • Low Sensitivity: Fewer signals, stronger confirmation (suited for day trading).

   • Adjustment allows you to tailor TRX to your personal risk tolerance and strategy.

📊 Trading Modes

1. Scalping Mode

• Timeframes: M1, M5

• Sensitivity: Medium to High

• Stop-Loss: 5–15 pips (depending on pair volatility)

• Take-Profit: 10–25 pips (scalp targets)

• Best Sessions: London Open, New York Open

2. Day Trading Mode

• Timeframes: M5, M15

• Sensitivity: Low to Medium

• Stop-Loss: 15–40 pips

• Take-Profit: 30–100 pips (intraday swings)

• Best Sessions: London, New York, overlapping hours

📌 Recommended Usage

1. Pair Selection

   • Works best on major FX pairs (EURUSD, GBPUSD, USDJPY) and indices (DAX, S&P500).

   • Avoid illiquid or exotic instruments where spreads are high.

2. Confirmation Process

   • Always confirm TRX signals with MTF trend alignment.

   • Example: On M5, only take buy signals if H1 trend is also bullish.

3. Entry Sensitivity

   • Adjust depending on your goals:

     • Scalpers → Higher sensitivity (faster entries, more signals).

     • Day traders → Lower sensitivity (slower entries, fewer but stronger setups).

4. Risk Management

   • Do not risk more than 1–2% of account equity per trade.

   • Use fixed SL and TP levels or apply trailing stops for flexibility.

📈 Example Strategies

Scalping Strategy (Fast Entries)

• Chart: EURUSD, M1

• MTF Filter: H1 trend must match signal direction.

• Sensitivity: High

• Entry: When TRIX arrow appears in the direction of the H1 trend.

• Stop-Loss: 10 pips below last swing low (for buys) or above last swing high (for sells).

• Take-Profit: 15–20 pips or use 1:2 risk/reward ratio.

Day Trading Strategy (Intraday Swings)

• Chart: GBPUSD, M5

• MTF Filter: H4 trend must confirm direction.

• Sensitivity: Medium

• Entry: When TRIX signal aligns with higher timeframe trend.

• Stop-Loss: Below/above last structure level.

• Take-Profit: 50–100 pips or until opposite TRIX signal appears.

🔔 Output Options

• On-chart arrows and markers for signals.

• Alerts via sound, pop-up, or push notification for quick reaction.

✅ With its combination of MTF confirmation, trend alignment, and sensitivity adjustment, the TRIX Indicator provides a structured approach to both scalping and day trading.