Buy on 5 day low Strategy

█ STRATEGY DESCRIPTION
The "Buy on 5 Day Low Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price drops below the lowest low of the previous five days. It enters a long position when specific conditions are met and exits when the price exceeds the high of the previous day. This strategy is optimized for use on daily or higher timeframes.

█ WHAT IS THE 5-DAY LOW?
The 5-Day Low is the lowest price observed over the last five days. This level is used as a reference to identify potential oversold conditions and reversal points.

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

• The close price is below the lowest low of the previous five days (`close < _lowest[1]`).
  
• The signal occurs within the specified time window (between `Start Time` and `End Time`).
  

2. EXIT CONDITION

• A Sell Signal is generated when the current closing price exceeds the high of the previous day (`close > high[1]`). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position.
  

█ ADDITIONAL SETTINGS

• Start Time and End Time: The time window during which the strategy is allowed to execute trades.
  

█ PERFORMANCE OVERVIEW

• This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around key support levels.
  
• It is sensitive to oversold conditions, as indicated by the 5-Day Low, and overbought conditions, as indicated by the previous day's high.
  
• Backtesting results should be analyzed to optimize the strategy for specific instruments and market conditions.