RSI ATR system from TASC - page 2
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Here is a picture of the 4h euro with a few of the entries notated. By using the 15 and 30 percent as entries and stops does eliminate some of the whipsaws that are noted.
Also something I have adapted is using an even higher timeframe RSI to stay with the even larger trend. The blue mtf rsi line is the daily. So if you use the daily rsi above/below 50 to further filter the signals you could have eliminated the shorts on the chart and use them as a recycle to instead re-enter long. (The blue.green/yellow MA's are the 20/50/100 day moving averages and the 200 is also in there somewhere)
Also, when using lower timeframe charts you could decreased the 15/30% to 10/20% since the stops wont be as large which is the main reason I started looking on lower timeframes for entries in the first place. Dont have to worry so much about that now though.
*Edit- Also these notations were made on a chart spanning the previous 4-5 weeks