Follow the money intraday strategy

Follow the money intraday strategy is a trend-momentum forex system based on exponential moving averages and Momentum indicators as Awesome,  Stochastic-RSI or Ultimate oscillator.

Trading Sessions: London and New York.

Time Frame 1 min, 3 min, 5 min, 15 min, 30 min.

Currency pairs: EUR/USD, GBP/USD, USD/JPY.

Indicators

Exponential moving average 4, period,close.

Exponential moving average 14, period,close.

Exponential moving average 40, period,close.

Bollinger Band (14; 2.0),

Awesome Oscillator,

One of the following: Stochastic-RSI, Momentum oscillator or Ultimate oscillator.

Trading Rules Follow the money intraday strategy

Buy

Buy when the 4 EMA has crossed up the middle band of Bollinger Bands, 14 Exponential moving averages and 40 EMA

Chaos Awesome is above zero level,

Momentum is above zero level.

StochasticRSI oscillator above 50 level.

Sell

Buy when the 4 EMA has crossed down the middle band of Bollinger Bands 14 Exponential moving averages and 40 EMA.

Chaos Awesome is above zero level,

Momentum is below zero level.

StochasticRSI oscillator below 50 level.

Exit

Make profit when the Chaos oscillator turns a different color green to red and viceversa.

To be winning Follow the money must be applied to volatile currencies in

trending.

In the chart above EUR/USD 1 min time frame there are 7 trades with 94 pips in gain, but remember that 1 min time is not everyone.

In the chart above EUR/USD 10 min I forgotten Bollinger Bands , the circles are entries and the ovals are exits. There are many winners trades.

In GBP/USD 5 min char we have 6 trades 5 in gain and 1 loss.