another trick
-define long term trend
use 5 minute charts
add to your chart: MACD 30,60,30 and MACD 12,26,5
Go long if (reverse for short):
-long term trend is up
-macd 30,60,30 is above 0
-macd 12,26,5 was below zero
-after first break of macd12,26,5 above zero buy next candle at the open
-STOP at the lowes low of the last 4 candles
-CLOSE half of position at break even
-Trail the STOP on remaining contracts or exit at 3x risk