Camelback Technique

I read about the Camelback technique in Joe Ross’ trading manual. This strategy uses a moving average channel and an exponential moving average to define the trend. Set ups are pretty simple and straightforward.

Long Set Up

• Price is above the 40-period moving average of bar highs
• Slope of 15-period exponential moving average is not flat or negative
• Wait for a bar with a lower low (signal bar)
• Buy one tick above signal bar

Short Set Up

• Price is below the 40-period moving average of bar lows
• Slope of 15-period exponential moving average is not flat or positive
• Wait for a bar with a higher high (signal bar)
• Sell one tick below signal bar

Camelback technique short position