56# Skinny Dipper modified Trading System
Long and Short Setups
a) A long setup is in effect for 1 bar only when the close is above both EMA's but below the previous bar's low.
b) A short setup is in effect for 1 bar only when the close is below both EMA's but above the previous bar's high.
Long and Short Entries
a) Long entry is 2 pips above the high of the naked down-close bar ;
b) Short entry is 2 pips below the low of the naked up-close bar .
Note: reentry wait the price touches 50 EMA with (15 EMA > or <EMA 50).
Long and Short Exits
a) Exit longs at 1 point below the initial protective stop, the breakeven stop, or the trailing stop. Exit on a limit order at the profit target.
In the pictures below Skinny Dipper modified Trading System in action.
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EMA Forex Strategies