Estrategia Three Lower Highs and Lows

// ============================================================
// Three Lower Highs and Lows
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long only
// Timeframe tested: Daily
// ============================================================

// --- Settings ---
DEFPARAM CumulateOrders = false

// --- Parameters ---
positionSize = 1          // contracts per trade
trendPeriod = 200         // SMA trend filter length
fastPeriod = 5            // short SMA for the pullback test and the exit
stopLossPct = 1.4         // protective stop, percent of entry price

// --- Indicators ---
trendMA = Average[trendPeriod](close)
fastMA = Average[fastPeriod](close)

// Three bars in a row, each with a lower high and a lower low.
lowerBars = high[2] < high[3] AND low[2] < low[3] AND high[1] < high[2] AND low[1] < low[2] AND high < high[1] AND low < low[1]