FollowMe Trading Strategy
Are you struggling to make money in trading?
Stop blowing your account, learn this simple yet profitable trading strategy that has passed the test of time, it can be used from 15 minutes time frame upwards. It works when trading all kinds of instruments including cryptocurrencies.
Here is what you need
72 exponential moving average (EMA)
21 exponential moving average (EMA)
8 exponential moving average (EMA)
200 exponential moving average (EMA) optional
Commodity channel index 5 (CCI)
How to use this method?
Sell Signal
When EMA 8 crosses EMA 21 from above and the price closes below EMA 72, at the same time CCI 5 is below the -100 level.
Buy Signal
When EMA 8 crosses EMA 21 from below and the price closes above EMA 72, at the same time CCI 5 is above the +100 level.
Sell Signal Example: 4H EURUSD Chart
Figure 1
The black line in the chart is EMA 72
The blue line in the chart is EMA 21
The red line in the chart is EMA 8
Figure 2
The horizontal line shows where the trade is entered, the long black candle is a signal candle. It closes below EMA 72, EMA 8 has crossed EMA 21 downwards and CCI 5 is below -100. Place a stop loss above the high of the candle that precedes the signal candle. If the high of a signal candle is higher than that of the preceding candle use the high of the signal candle instead. Take profit at your own discretion.
Buy Signal Example: 4H GBPJPY Chart
Figure 3
The black line in the chart is EMA 72
The blue line in the chart is EMA 21
The red line in the chart is EMA 8
Ignore the yellow line
Figure 4
The horizontal line shows where the trade was entered on December 21st, 2021, the white candle is a signal candle. It closes above EMA 72, EMA 8 has crossed EMA 21 from below and CCI 5 is above 100. Place a stop loss below the low of the candle that precedes the signal candle. If the low of a signal candle is lower than that of the preceding candle use the low of the signal candle instead. Take profit at your own discretion.
Happy Trading