I have been using MACD as my main indicator to trade. I buy or sell when the MACD crosses the signal line. It works very well and as a matter of fact it has won 100% (12 out of 12 since March 7th). But it is EXTREMELY RISKY! I trade when I get conformation that there is a crossover in the MACD, the momentum lines up and it is not too close/outside the Bollinger bands. What makes it so dangerous is that I also pick trades that are well ITM (80% chance of winning), usually 2 strike prices away. So, really I am only predicting that the price will stay in my range and not move too much.
Using 5 tickets per trade, I usually try for a return of about $90 (including fees); however, that's a potential loss of $400. I have made good money on DEMO but just few losing trades and it would be gone. I use one minute charts.
I am a total newbie. Can anyone suggest anything to improve this to make it less risky?