Gold Asia Session Range Breakouts with Trend and ATR Exits

Summary

The script builds a daily high-low range during a configured Asia session, then permits close-confirmed breakouts during a later trading window. A long entry requires a close crossing above the range high and, when enabled, above an exponential moving average; a short entry uses the range low and the corresponding below-average filter. The settings also allow a one-trade-per-day limit. Exits are designed around either ATR-scaled or fixed-dollar stop and target distances, with an optional time-based exit at the end of the trade window.

The supplied text ends partway through the exit section, so the actual exit order implementation cannot be reviewed from this excerpt. It includes configurable timezone and session inputs, plus indicator defaults, but gives no backtest period, performance report, or evidence of results. The strategy is specific to a session-range breakout concept; results would depend on chart data, contract scaling, session definitions, and the selected stop and target settings. The script notes that price scaling may vary by broker or data source.

Key ideas

• The strategy records session highs and lows, then trades breakouts in a later configured window.
• An optional EMA filter aligns long and short entries with the prevailing price position.
• The design includes a daily trade limit and ATR-based or fixed-dollar risk distances.
• The supplied excerpt ends before the exit orders are fully shown.
• No backtest results or performance evidence are included.

Tags

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