Gold London Breakout Strategy Using the Asian Session Range

Summary

This expert advisor trades a session breakout in gold by recording the Asian-session high and low, then placing paired buy-stop and sell-stop orders outside that range as London opens. The orders are one-cancels-other, and expire if neither triggers within the specified London trading window. A range filter compares the Asian range with daily ATR to skip sessions that are unusually narrow or wide. ATR also sets the entry buffer and stop distance; the target is defined as a multiple of that stop, while position size is based on a stated equity-risk percentage.

The description is a strategy specification rather than an empirical study: it reports no backtest or live results. It recommends XAUUSD on an M15 chart and cautions that server time and daylight-saving shifts must be checked against London time. It also notes that netting accounts can complicate tracking when other positions already exist in gold, so account setup affects operation.

Key ideas

• The strategy measures the Asian range and places opposing pending orders around it at the London open.
• The paired orders use one-cancels-other behavior and expire after the defined trading window.
• ATR scales the range filter, entry buffer, and stop distance, while the profit target is set relative to risk.
• The description targets gold on M15 and warns that broker time and account type can affect execution.
• No backtest or live performance evidence is provided.

Tags

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