Gold Session Strategy Using the New York Low as a Reference Level

Summary

This XAUUSD-focused strategy records the low during the final hour of the New York session as a reference level, then compares it with lows during the following Asia and London sessions. If Asia trades below that New York low, the system signals a short at the end of Asia. If both Asia and London remain at or above the reference, it signals a long at the end of London. The session hours are configurable and evaluated in UTC.

Stops are placed beyond the Asia high for shorts or below the reference low for longs, with an ATR-based padding option. Position quantity is calculated from account equity and a risk percentage, and profit targets use a configurable minimum reward-to-risk multiple. The document offers executable rules and chart aids, but no backtest results or evidence that the session-low premise predicts durable support. Session definitions, chart timeframe, instrument settings, and the handling of overlapping hours can affect signals.

Key ideas

• The strategy uses the low from New York's final session hour as the next day's reference level.
• An Asia break below that level triggers a short signal at the close of the Asia session.
• If Asia and London lows both hold above the reference, the strategy signals a long after London ends.
• Stops include configurable ATR padding, while position size is based on equity risk and the stop distance.
• The document provides no performance results, and its behavior depends on configured UTC session hours and the traded instrument.

Tags

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