Hey there!

To make this strategy work, we'll be using the 200 EMA and MACD with their default settings. When it comes to buying, we'll be looking for a signal where the market is above the 200 EMA and the MACD line crosses above the signal line below level 0 of the histogram. On the other hand, for selling, we'll be keeping an eye out for a signal where the market is below the 200 EMA and the MACD line crosses below the signal line above level 0 of the histogram.

Now, let's talk about setting a profit target. Our aim here is to make sure that the reward for each trade is greater than the risk. So, we'll be looking for a risk to reward ratio of 1:2. Once the risk to reward ratio reaches 1:1, we'll close 25% of the profit and move the stop loss to the break-even point, which is basically the entry price.

Hope that helps! Just enter your email and we will send the bot your way ASAP!