Bitcoin Initial Balance Breakouts Across Asia, London, and New York

Summary

This strategy builds an initial balance range from the first hour of the Asia, London, and New York sessions. It classifies a symbol as bullish when its close is above all three session highs, bearish when below all three lows, and neutral otherwise. The script requests these classifications across a configurable basket of crypto pairs and counts the bullish and bearish readings.

A long or short entry requires the corresponding count to reach its user-set threshold, alongside the direction of an ATR-based volatility stop. Optional Bitcoin conditions can require Bitcoin itself to share the signal or remain neutral. Positions close when the volatility stop changes direction. The document provides implementation details, but no performance results, testing methodology, or risk analysis. Session times, symbol selection, thresholds, and chart timeframe affect behavior; the included code also contains a limited excerpt, so the full implementation cannot be assessed here.

Key ideas

• The method defines separate initial balance highs and lows for three market sessions.
• A symbol is bullish above all three session highs and bearish below all three session lows.
• The strategy aggregates directional classifications across a configurable crypto basket.
• An ATR-based volatility stop filters entries and determines when positions close.
• The document gives code but no evidence of profitability or robustness.

Tags

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