Gold Session Breakout Strategy Using New York Lows

Summary

This TradingView strategy describes a session based approach for gold. It tracks the highs and lows of the Asia, London, and New York sessions in UTC, then uses the low from New York’s final hour as a reference level for the following day. A break below that level during Asia is treated as a short signal; if Asia and London both hold above it, the strategy looks for a long signal at the end of London.

The script’s header describes ATR based stop placement and a minimum risk to reward setting, along with a configurable risk percentage, gold symbol filter, and session display options. The available document ends partway through the source, so it does not show the complete entry, exit, or sizing implementation. It provides no backtest results or performance evidence. The session interpretation and UTC boundaries may also need adjustment for market hours and daylight saving changes, and the stated rules should be evaluated on data before live use.

Key ideas

• The strategy tracks price ranges for Asia, London, and New York sessions in UTC.
• The final hour low of the New York session becomes the next day’s candidate reference level.
• A break below that level during Asia produces a short setup.
• If Asia and London remain above the level, the strategy looks for a long setup after London.
• The header describes ATR based stops and a minimum risk to reward setting, but the provided source is incomplete.

Tags

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