Using the Trading rush startegy for the MACD which is the best performing strategy of the trading rush tests, along with using the trading rush 200EMA which dissappears when in a range.
Strategy fr LONGS
CONDITIONS :
200EMA is green and below the price action - Uptrend
MACD crosses over signal line below the zero line heading up.
Stop loss to be set at 1 x ATR or recent swing low.
Strategy for SHORTS
CONDITIONS :
200EMA is red and above the price action - downtrend
MACD crosses ove signal line above the zero line and heading downwards
Stop loss set at 1 x ATR or recent swing high
PRICE TARGETS :
Move stop loss to break even once 1:1 risk reward ratio has been met.
Move stop loss to 1.5 risk once 1:2 risk reward ratio has been met.
Close position if price reaches 3 x risk reward ratio.
If it doesn't hit any price targets, position should be closed once MACD line crosses back over the zero line.
TRAILING STOP LOSS :
Can use a Supertrend indicator to trail your stop if going to follow on from the 3x risk reward ratio.