Asian Range Breakout EA with Multi-Indicator Filters and Risk Controls

Summary

This document describes a multi-symbol Expert Advisor that trades London-session breakouts from the pre-London Asian range. It places pending buy or sell stop orders only beyond the corresponding range boundary. Parabolic SAR swing levels anchor entries and structural stops, with an ATR-based buffer; MACD and Stochastic provide direction and entry filters. A filter excludes Asian ranges that are unusually narrow or wide relative to average daily range.

Trade management includes stop-based profit targets, MACD reversal exits, trailing stops, break-even adjustments, daily profit and loss limits, and position closure near the New York or instrument session close. The EA can run on M15, M30, and H1, and supports per-symbol settings and configurable broker time offsets with daylight-saving handling. The document says the bundled defaults underwent cross-broker robustness checks on three brokers, but provides no performance figures or test methodology. Those checks do not establish profitability, and the listed features and defaults alone are not enough to assess execution costs or live risk.

Key ideas

• The EA seeks London-session breakouts beyond the high or low of the pre-London Asian range.
• Parabolic SAR, MACD, and Stochastic jointly shape entries, while an ADR-relative filter excludes ranges at size extremes.
• Stops use the opposite PSAR swing with ADR-based bounds, and profit targets depend on stop distance.
• Management includes reversal exits, trailing and break-even stops, daily limits, and session-based liquidation.
• The EA supports multiple symbols and three trading timeframes, with configurable server-time and daylight-saving settings.

Tags

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