Asian Session Range Breakouts with Fixed Risk-Reward Exits

Summary

The strategy records the high and low of the Asian session, defined as 00:00–08:00 UTC, and uses that range as a breakout reference during the UK and US sessions. A long signal occurs when the close crosses above the Asian high; a short signal occurs when it crosses below the low. The script draws session ranges and trade levels on the chart.

Stops are placed at the opposite edge of the Asian range, while targets extend from the breakout edge by a configurable multiple of the range size, defaulting to a 1:2 risk-reward target. Open positions are closed at the end of the US session. The document provides strategy rules and code, but no performance results or validation data. Its claims about low Asian-session volume and later participation are rationale, not evidence that the setup is profitable. Execution costs, instrument differences, and the suitability of the session times require separate evaluation.

Key ideas

• The strategy tracks the Asian session high and low as a daily reference range.
• It permits breakout entries during the UK and US sessions.
• Long and short entries require the closing price to cross the corresponding range boundary.
• Stops sit at the opposite side of the Asian range, and targets scale with the range size.
• The script closes positions when the US session ends.

Tags

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