ninjatrader/strategies/multiple-days-up-down/README.md

Multiple Days Up / Down

This strategy was taken from chapter 6 of 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.

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