Jongseon Kim provides us with a method of trading using several indicators called TRIX and the TRIX Signal. The TRIX indicator can easily be created in the NeuroShell Trader by combining a few simple indicators from the Trader’s library of over 800 indicators. Once you’ve created the TRIX indicator, you can apply an exponential moving average to create the TRIX Signal. We’ve created these indicators as custom indicators that you may download from the NeuroShell Trader free technical support website
To insert the TRIX indicators (after downloading them):
- Select ‘New Indicator …’ from the ‘Insert’ menu.
- Select the Custom Indicators category and select Next button.
- Select the TRIX and TRIX Signal indicators and select Next button.
- Select any of the parameters that you wish to modify.
- Press the Set Parameter button and set the parameter to the desired value.
- Select the Finished button.
To create the Trading Strategy that Mr. Kim describes:
- Select ‘New Trading Strategy …’ from the ‘Insert’ menu.
- Select the No Template and select Next button.
- On the Long Entry tab, select the Add Condition(s) button.
a. Select the Indicator button.
b. Select the Crossover & Breakout Identification category and select Next button.
c. Select the Crossover Above indicator and select then Next button.
d. Set the parameters to create the indicator: CrossoverAbove(TRIX, TRIX Signal).
e. Select the Finished button. - On the Long Exit tab, select the Add Condition(s) button.
a. Select the Indicator button.
b. Select the Relational category and select Next button.
c. Select the A<B indicator and select then Next button.
d. Set the parameters to create the indicator:
A<B(Momentum(TRIX,1), 0).
e. Select the Finished button. - Select the Next button.
- After backtesting and reviewing the results, select the Finished button to view the Trading
Strategy on your chart.
You can easily insert either of these indicators or combine them with any of our over 800 built-in indicators into a chart, prediction, or trading strategy. Additionally, if you decide to use these indicators in a prediction or a trading strategy, the coefficients may be optimized by the Genetic Algorithm built into the NeuroShell Trader Professional and NeuroShell DayTrader Professional.
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