Asian Session Box Breakout with ATR Risk Sizing and Daily Filters

Summary

This script outlines a session breakout system that tracks the high and low of an Asian trading window, then evaluates trades during a separate trading window. Its visible settings allow long-only, short-only, or two-sided trading, optional end-of-day closure, and an option to skip Mondays. A minimum box-width filter compares the session range with daily ATR, while a daily EMA provides a trend-direction filter.

The risk section begins by deriving trade risk from equity and a configurable percentage, and the listed controls include an ATR-based stop distance, a notional cap, and trailing-stop activation and gap levels. The excerpt ends before showing position sizing, breakout entries, exits, or webhook behavior, so those mechanics cannot be fully assessed. It supplies no backtest results or market instrument context in the visible text. The code is therefore useful as a design outline, but it does not establish profitability or execution quality.

Key ideas

• The strategy records the high and low during a defined Asian session to form a trading range.
• A separate session window determines when trades may be considered.
• Daily ATR and a minimum range-to-ATR ratio act as a volatility filter.
• A daily EMA can be used to restrict trades by trend direction.
• The visible configuration includes equity-based risk, a notional cap, and trailing-stop controls, but the excerpt omits the entry and exit implementation.

Tags

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