Trendline breakout with 34 EMA

Trend line is a dynamic support and resistance line that generates signals for trading when the price break trend line. 34 EMA is used for confirm of the signal.
Time Frame 5 min, or higher
Currency pairs:any.
Forex indicator:
Draw trend line or if use MT4 there is Kill trend line in the folder.
34 exponential moving average;
Draw pivot point for day trading.
Trading Rules
Buy
Draw up trend line.
When the price breaks trend line in upward direction wait that the price break up also 34 EMA, then place a buy order.
Profit Target ratio stop loss 1:1.3.
Stop loss 10-15 pips below the entry bar.
Sell
Draw down trend line.
When the price breaks trend line in upward direction wait that the price break down also 34 EMA, then place a buy order.
Profit Target ratio stop loss 1:1.3.
Stop loss 10-15 pips below the entry bar.
This stratgy can generate false signals in ranging market.
In first example GBP/USD 30 min we have 6 trades. In the second exampla the same strategy but the Trend Line MT4 indicator.
Trend line breakout with 34 EMA
Trend line breakout with 34 EMA
Below the link for download two MT4 templates Trendline breakout with 34 EMA
https://drive.google.com/file/d/0Bwjv2Pbf48itVUhLMjZjOUpVODg/viewusp=sharing

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