This was the how-to that really got me started:
http://www.instructables.com/id/Electrolytic-Rust-Removal-aka-Magic/
A well made rubbermaid trashcan works well...I put a block of wood on the inside bottom to keep parts from penetrating. YOU DO NOT WANT LEAKS....ELECTRICITY KILLS. A GFCI OUTLET IS HIGHLY RECOMMENDED.
Because the process is "line of sight" it works better to have a wide, flat anode. It doesn't have to be bigger than the part but I prefer multiple anodes around the perimeter. I like rebar because it is cheap and can reach all the way to the bottom of a deep tank....but I have had better results with old lawnmower blades on all 4 sides. BIG TIP: For the best results, kill the power, skim the surface of sludge, and take a wire brush to the anodes. It really keeps things going, since the process is less effective once the anode gets gunked up. You can also scrub the part a bit which will open more "channels" for ion transfer.
For simple rust conversion, you don't need more than a few hours. For removing paint, grease, etc. I have let parts marinate for several days with the above maintenance. Works really well and is very low maintenance. Beats messing with stripper.
FWIW, I've had about equal results with baking soda versus washing soda.