Asian Session Range Breakouts with Stop-Loss and Risk-Reward Targets

Summary

This intraday breakout strategy records the high and low of the Asian session, then watches for a close crossing above or below that range during the UK or US sessions. It allows only one open position at a time. For a long trade, the stop is placed at the Asian low and the profit target is set above the breakout by a multiple of the Asian range; the short setup mirrors this around the Asian high. The script also draws session boxes and trade levels on the chart.

The excerpt includes configurable UTC session windows and a risk-reward target, but ends during the short-trade execution section. It contains no reported backtest results, market-specific validation, or discussion of slippage and session-boundary effects. The title names NASDAQ, the S&P 500, and gold, though the displayed logic itself does not impose symbol restrictions. Breakouts can fail, and performance will depend on instrument, timeframe, costs, and execution assumptions.

Key ideas

• The Asian session high and low define the range used for later entries.
• A close crossing outside that range during the UK or US session triggers a potential trade.
• Stops are placed on the opposite side of the Asian range, with targets scaled to its size.
• The logic restricts entries to periods with no open position.
• The excerpt provides no performance evidence and is incomplete during the short-entry code.

Tags

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