# Multiple Days Up / Down

This strategy was taken from chapter 6 of [*High Probability ETF Trading*](https://moshferatu.dev/moshferatu/high-probability-etf-trading) (2009) by Larry Connors.

## Rules

**Multiple Days Down** (Long)

1. The ETF (e.g., SPY) is above its 200-day moving average.
2. The close is below its 5-day moving average on entry day.
3. The close must have been lower than the day before for 4 out of the previous 5 days.
4. If the above conditions are met, enter a long trade.
5. **(Optional Aggressive Version)** Enter a second long if price closes below the initial entry price at any point during the trade.
6. Exit the trade when the close is above the 5-day moving average.

**Multiple Days Up** (Short)

1. The ETF (e.g., SPY) is below its 200-day moving average.
2. The close is above its 5-day moving average on entry day.
3. The close must have been higher than the day before for 4 out of the previous 5 days.
4. If the above conditions are met, enter a short trade.
5. **(Optional Aggressive Version)** Enter a second short if price closes above the initial entry price at any point during the trade.
6. Exit the trade when the close is below the 5-day moving average.

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