Asian Session Range Breakouts with ATR Stops and Session Close

Summary

This intraday strategy records the high and low of a defined Asian session, then places stop orders at those boundaries during a later trading window. It supports long-only, short-only, or two-sided trading; once one side enters, the other pending order is cancelled, and the script limits activity to one trade per day. The range levels are plotted while the trading window is active.

Position quantity is calculated from account equity and the relevant boundary price, while stop distance uses the prior daily ATR multiplied by a user setting. Open positions are closed when the trading window ends. The script also constructs JSON alert messages for external execution workflows. The document describes the rule set but provides no verified performance evidence. Its full-equity sizing is aggressive, and fixed session assumptions, breakout failures, trading costs, instrument conventions, and alert execution can all affect live results; the method should be evaluated with suitable risk limits and realistic testing.

Key ideas

• The Asian session high and low form the levels for later stop-entry breakouts.
• The strategy can trade either direction or one direction and cancels the opposite entry after a fill.
• Daily ATR multiplied by a configurable factor sets the stop distance from the entry price.
• Quantity is scaled to account equity, and positions are force-closed at the end of the trading window.
• Structured alerts support automation, but no performance evidence is supplied and full-equity sizing carries substantial risk.

Tags

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