Asian Session Range Breakouts with ATR Risk and Trend Filters

Summary

This strategy records the high and low of a defined Asian session, then places stop entries at those range boundaries during a later trading window. Users can choose long trades, short trades, or both. Optional filters require a minimum range width relative to daily ATR and alignment with a daily exponential moving average; the script also offers a setting to skip Mondays and can limit entries to one per day.

Initial stops are based on daily ATR, and position size is calculated from a chosen fraction of equity, subject to a notional cap. After price moves a configurable distance in the trade’s favor, a trailing stop follows the peak or trough. Positions can also be closed at the end of the trading window. The script includes webhook alert fields, but provides no backtest results or supporting evidence for its claim of data-driven tuning. Performance depends on market, timeframe, and settings, and the code should be evaluated with realistic execution assumptions.

Key ideas

• The system enters breakouts at the high or low of a completed Asian session range.
• A daily ATR range-width filter and daily EMA direction filter can screen trades.
• Initial stop distance and equity-based sizing are tied to daily ATR, with a notional cap.
• A trailing stop activates after a favorable move, and an optional end-of-session close exits positions.
• The document offers no backtest evidence to substantiate the stated tuning claims.

Tags

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