Asia Session Range Breakout Scalping for Gold Futures

Summary

This intraday strategy builds a high-low range during the Asia session, defined in New York time, then trades breakouts during a following morning window. A close beyond the range, with a configurable tick buffer, triggers a long or short entry. An optional 200-period EMA filter permits longs above the average and shorts below it, and the system limits the number of trades per day.

Exits use ATR-based stop and target distances, with an option to replace the fixed stop with a trailing stop. The script identifies gold futures and a typical contract tick size in its settings, but the supplied document contains no performance report or test results. The excerpt ends before the optional end-of-window close logic is complete, and outcomes may depend on chart timeframe, session handling, execution assumptions, and parameter choices. The strategy therefore provides rules to evaluate, not evidence that the approach is profitable.

Key ideas

• The system records the high and low during a defined Asia session and locks that range when the session ends.
• It enters when price closes beyond the range by a configurable tick buffer during the trade window.
• A long-period EMA can filter breakout direction, and a daily trade cap limits entries.
• ATR multiples define fixed stops and profit targets, with an optional trailing stop.
• The provided excerpt includes no performance evidence and omits the end-of-window close implementation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.