First trade using MACD stategy
I have setup the stock screener to find stocks with MACD just crossing over and detecting a long position. I have several filters setup in the screener and this Friday the 9. September 2022 nothing showed up in the screener except when I tried 4 hours setting. Just Super Micro Computer passed the filters.
For this experiment I will then stay on the 4 hour chart and see how this plays out in real live.
So the plan is to follow the rules regarding this strategy. For going long the buy signal should be below the MACD zero line. Buy signal is when the blue level line is crossing up the orange signal line.
We also need to have the stock price over the 200 EMA and the 200 EMA needs a positive slope.
So the plan is to take the trade on Monday and I hope to get in at a price about $67.
Stoploss is set to just below the support line at 60.65 and the risk to reward ratio to 1.5 %. Meaning a profit target set to price level $76.63.
For this experiment I will then stay on the 4 hour chart and see how this plays out in real live.
So the plan is to follow the rules regarding this strategy. For going long the buy signal should be below the MACD zero line. Buy signal is when the blue level line is crossing up the orange signal line.
We also need to have the stock price over the 200 EMA and the 200 EMA needs a positive slope.
So the plan is to take the trade on Monday and I hope to get in at a price about $67.
Stoploss is set to just below the support line at 60.65 and the risk to reward ratio to 1.5 %. Meaning a profit target set to price level $76.63.
Kommentar:
Got the stock as planned at $67.00. Could have got a better price but better luck next time.
Trade geschlossen: Stop wurde erreicht:
We reached the SL today and got out at 56,25 USD. It went straight through the support and didn't say hallo. One down now.