3 Down, 3 Up Strategy

█ STRATEGY DESCRIPTION
The "3 Down, 3 Up Strategy" is a mean-reversion strategy designed to capitalize on short-term price reversals. It enters a long position after consecutive bearish closes and exits after consecutive bullish closes. This strategy is NOT optimized and can be used on any timeframes.

█ WHAT ARE CONSECUTIVE DOWN/UP CLOSES?
- Consecutive Down Closes: A sequence of trading bars where each close is lower than the previous close.
- Consecutive Up Closes: A sequence of trading bars where each close is higher than the previous close.

█ SIGNAL GENERATION
1. LONG ENTRY
A Buy Signal is triggered when:

• The price closes lower than the previous close for Consecutive Down Closes for Entry (default: 3) consecutive bars.
  
• The signal occurs within the specified time window (between Start Time and End Time).
  
• If enabled, the close price must also be above the 200-period EMA (Exponential Moving Average).
  

2. EXIT CONDITION

• A Sell Signal is generated when the price closes higher than the previous close for Consecutive Up Closes for Exit (default: 3) consecutive bars.
  

█ ADDITIONAL SETTINGS

• Consecutive Down Closes for Entry: Number of consecutive lower closes required to trigger a buy. Default = 3.
  
• Consecutive Up Closes for Exit: Number of consecutive higher closes required to exit. Default = 3.
  
• EMA Filter: Optional 200-period EMA filter to confirm long entries in bullish trends. Default = disabled.
  
• Start Time and End Time: Restrict trading to specific dates (default: 2014-2099).
  

█ PERFORMANCE OVERVIEW

• Designed for volatile markets with frequent short-term reversals.
  
• Performs best when price oscillates between clear support/resistance levels.
  
• The EMA filter improves reliability in trending markets but may reduce trade frequency.
  
• Backtest to optimize consecutive close thresholds and EMA period for specific instruments.