The Forex Triple Hit indicator for binary options combines signals and a histogram on a single chart. The main trade setups are generated from the readings in the histogram panel below the chart — and to save you from having to monitor it constantly, the indicator also plots arrows that tell you when to buy a Call or Put.
According to the developer, FTH is built on a combination of algorithms, though the specific algorithms are not disclosed.
This is a paid tool priced at $25, but you can download it from our website free of charge for evaluation purposes.
Key Features of the Forex Triple Hit Indicator
- Terminal: MetaTrader 4.
- Timeframes: M15–H1.
- Expiration: 5–10 candles.
- Option types: Call/Put.
- Indicators: ForexTrx.ex4.
- Trading instruments: currency pairs, stocks, commodities.
- Trading hours: 08:00–21:00 UTC.
- Recommended brokers: Quotex, PocketOption, Binarium.
Installing the Forex Triple Hit Indicator in MT4
The indicator is installed using the standard procedure in MetaTrader 4.
MetaTrader 4 instructions for installing indicators:
Overview of the Forex Triple Hit Indicator for Binary Options
The indicator provides three components:
- a histogram panel;
- arrow signals;
- an information panel.
The histogram resembles MACD, uses two colours, and can appear above or below the zero line:
There are two types of arrows: primary and secondary. Typically, a large arrow appears first, followed by two smaller ones. They appear when the ForexTrx histogram changes colour from yellow to blue, or vice versa:
The information panel displays basic data — less relevant for binary options trading, but occasionally useful. It shows the asset name, time remaining until the candle closes, and current signals:
In the settings you can hide the information panel, toggle the chart lines, enable alerts, and change colours. For Forex trading, take-profit and stop-loss levels are also available. Support and resistance levels can be displayed as well:
The levels look like this:
To be honest, it is unclear why they were included, or whether they are displayed correctly — in practice they add little value.
The developer recommends analysing the indicator readings starting from the M15 timeframe and working up to the hourly chart. That covers the main features of this tool — now let's look at the trading rules.
Trading Rules for the Forex Triple Hit Indicator
It is worth stating upfront that ForexTrx generates reliable results only when used with trend trading. This becomes clear in the examples below. To make trend trading second nature, study the resources in the list below — applying these principles can turn almost any system into a profitable one:
- Identifying and using bullish and bearish trends;
- How to correctly identify trend phases;
- How to identify a ranging market;
FTH supports three trading approaches:
- Positional. Enter as soon as the histogram colour changes from blue to yellow (or vice versa) and a large arrow appears.
- Conservative. A more cautious approach — enter only after confirmation, when the second (smaller) arrow appears.
- Aggressive. Trade every signal that appears.
A word on the trend: it is the only condition under which Forex Triple Hit can produce consistent profits. The chart below illustrates a trending move:
The developer's website shows many screenshots featuring large price moves, but not all signals look like that. It is strongly recommended to test this indicator personally and base your trading on trend conditions only.
Signal Examples for the Forex Triple Hit Indicator
Below are a couple of signal examples on M15.
Call Option
Call option entry example:
In this case, the aggressive approach can also work well, provided a trend is in place.
Put Option
The same setup in reverse:
Also note the ranging market below, in which trading is not recommended:
Conclusion
In the right hands, the Forex Triple Hit indicator can be profitable. This means that not every signal should be traded — entries need to be filtered by trend conditions or through other means, such as incorporating the indicator into a broader strategy. For beginners: always test new tools on a demo account before switching to a live one. It is equally important to follow the principles of money management and risk management to keep unnecessary losses in check. Always trade through a reliable broker — you can find our recommendations in the binary options broker ratings.
Download Forex Triple Hit Indicator for Free
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See Also:
- Binary Options Broker Bonuses
- How to Make Money on Binary Options
- How to Choose a Binary Options Broker
- How to Make a Profit by Trading on Clean Charts
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