Hi all,

I want to share with you my options strategy using MACD. In this algorithm, When the MACD line crosses the slower signal line in the bullish direction, buy signal triggered.  When the MACD line crosses the signal line in the bearish direction, a covered call is written to reduced the downside risk. Usually, the covered call strategies will work well in steadily falling markets and not work in rapidly rising markets and range bound markets, depending upon the level of volatility.