Asian Session Range Breakout with ATR-Based Risk Settings

Summary

The script defines an Asian session in Bangkok time and tracks the session’s high and low to form a price range. It then defines a later trading window and offers settings for trading long, short, or both directions. Visible code calculates a daily ATR from the prior completed daily bar and multiplies it by a configurable stop-loss factor. It also computes long and short quantities from strategy equity and the relevant range boundary, describing this as sizing for full account value.

The excerpt ends partway through the entry logic, so it does not show the complete order conditions, exits, or how the ATR distance is applied. It includes alert-message construction and trade statistics, but provides no backtest results or performance discussion. The strategy is therefore identifiable as an Asian range breakout concept, while important execution and risk details cannot be verified from the supplied excerpt. No market or instrument is specified in the visible material.

Key ideas

• The script records the high and low of a configured Asian trading session as a breakout range.
• It defines a separate trading window and selectable long, short, or two-sided direction.
• A prior daily ATR value and multiplier are calculated for risk settings.
• The visible sizing calculation targets quantities based on strategy equity and the range boundary.
• The excerpt is truncated before complete entry and exit rules, and it reports no results.

Tags

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