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.
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