TRIX or the triple exponential moving average is a trend analysis system that has been around since the early 80s. You can use it to analyze trend momentum and reversals - TRIX is deployed in various swing trading, scalping, and day trading strategies. This article describes a TRIX crossover strategy.
A fading strategy bets against any move that takes the price out of a normal range. Another way of putting it is that fading is a bet on mean reversion.
The idea behind this scalping strategy is to catch the short wave retracements that take place when the market reaches a peak overbought or oversold state. It is best applied to ranges.
An automated trading system is one that allows you to “piggyback” the trades from an outside source. It can be a person or a piece of software that implements a certain trading strategy.