Published in March 2012 Trading System Lab.

Setup:
1.   Wait for a 9-percent (or larger) close-to-close move over the past 12 bars.
2.   If the closing prices retraces 2 percent or more over the next 10 bars, a valid pullback has formed.
3.   Over the next 10 bars, look for the closing price to rebound. A rebound is confirmed when today’s high price is within 4 percent of (but has not exceeded) the
price of the bar when the big move (from step 1) was identified. If this condition hasn’t been met within 10 days, the setup is invalidated.

Entry: If the setup is valid and the closing price is above the 50-day simple moving average (SMA), enter on the next bar at the market.

Exit: Exit on a stop at the 80-day lowest low (trailing channel exit).