You can choose from the following options:
- Powers (thus x1, x12, x13, and so on) up to whichever number you like (many stop at 2).
- Cross products (x1 * x2, x1 * x3, etc.)
- Combinations (x12 * x2, x1 * x22, etc.) and then greater combinations (x1 * x2 * x3, and even powers) can be added.
However, this can soon grow out of hand, and you may wind up with an excessive number of features.
I'd stick to powers of two and cross products (just pairs) with no powers, similar to your example, and if you have three elements, then multiply all three of them, but if you have more than three, I wouldn't bother with triplets.
Polynomials are used to model the complex relationship between features, and they can sometimes be a decent approximation to more complex interactions (that are not really polynomial in their nature).