Gold Asia Session Range Breakouts with Trend and Risk Filters

Summary

The strategy records the high and low during a configurable evening session in New York time, then looks for confirmed closes beyond that range during a later trading window. It can require price to be above or below an exponential moving average, and can limit entries to one per day. The approach aims to trade a move out of the established session range; the document provides implementation rules but no performance results or market testing.

Trade exits can use stop and target distances based on average true range or fixed price amounts, plus an optional close at the end of the entry window. The script exposes session times and indicator settings for adjustment. Its defaults describe one configuration rather than evidence of an edge, and results may depend on chart timeframe, contract specifications, execution assumptions, and the chosen market data. The code also sets zero commission, so reported results would need realistic costs before evaluation.

Key ideas

• The script builds a daily high-low range from a configurable Asia session.
• It enters when the closing price crosses beyond the range during a later time window.
• An optional EMA filter aligns long and short entries with the prevailing price trend.
• Stops and targets can use ATR multiples or fixed price distances, with an optional time exit.
• The document gives no backtest evidence, and its zero-commission setting may overstate results.

Tags

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