The Sure Forex System depicts an MT4 breakout trading strategy. This system identifies important price ranges and highlights them as breakout boxes. Besides, it includes an 89-period Exponential Moving Average (EMA) for filtering the on-trend breakout opportunities.
The vertical box in blue highlights the recent highs and lows of the price for determining the breakout levels. A breakout can occur either way.
So, should we always trigger an order whenever the price comes out of the box? Not necessarily you need to hook up with an order for every price breakout. Instead, we’ll filter the possible trading opportunities by using the 89 EMA level.
The 89 EMA provides a precise outlook on the overall trend conditions. So, we’ll only accept a breakout at Sure Forex Box if the breakout direction matches the 89 EMA trend signal.
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Buy Signal Generation with Sure Forex System
In this example, the price remains above the 89 EMA signaling a bullish trend. Next, the Sure Forex Box outlines the breakout levels.
Since the trend is bullish there is no point in accepting a bearish breakout signal. In this case, we’ll place a pending buy order above the Sure Forex Box with a stop loss below the low of the box.
Sell Signal Generation with Sure Forex System
In this sell setup, the price was respecting the 89 EMA as a resistance from the beginning. So, we consider the market trend as bearish.
Following the trend direction, we can trigger a sell order after the price breaks below the Sure Forex Box.
The Sure Forex System is very efficient in determining potential breakout levels. It’s Sure Forex Box looks quite accurate in outlining the key price ranges.
Besides, the 89 EMA always keeps you moving in the right trend direction. The combination of price level and trend analysis tools of this system work perfectly on all timeframes.
If you’re a beginner and looking for a proven breakout trading assistant, the Sure Forex System is worth a try.