I am going to discuss about a 1 minute crude oil trading system that best work on 1 m chart. You can place minimum stop loss of 35 and earn a target profit of ATR. You will move to manage after 35 points and use tsl 50. When 36 wma is higher than 75 wma and both of them are higher than 120 wma, rsi is above 50 and waddah, attar explosion indicator shows 1/2 spikes of similar color and you can enter the trade. You will look for trend confirmation before entry i.e. two successive peaks for long trades.
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You have to observe support levels and check heating oil futures. You can do entry on the first pullback. You will exit on first sign of a weakening trend. The Waddah Attar is a volatility expansion indicator works based on MACD. You also can try a fast MACD or another volatility expansion indicator.
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