London Open Breakout Using a Pre-Session Range and Filters

Summary

The visible portion describes an intraday breakout strategy for the London session, with session times set in New York time. It builds a high-low range during the pre-London window, locks those levels when the London session begins, and allows trades only when the range meets a minimum size. The inputs also define a maximum number of trades per session, a pivot lookback, a higher-timeframe EMA bias filter, RSI thresholds, and a volume filter.

Risk settings include a reward-to-risk ratio, a buffer beyond pivots for stops, and an ATR-based stop floor. These settings suggest the strategy combines a session-range breakout with market-structure, momentum, volume, and higher-timeframe checks. However, the supplied source cuts off during the higher-timeframe bias section, before entry, exit, and order-management rules are visible. No backtest results or evidence of performance are included, so the full signal logic and behavior cannot be assessed from this excerpt.

Key ideas

• The visible logic measures a pre-London high-low range and locks it at the London session start.
• A minimum range size and session trade limit are configurable filters.
• The inputs include higher-timeframe EMA, RSI, and volume filters for trade qualification.
• Stop settings reference pivots and an ATR-based minimum distance, alongside a reward-to-risk input.
• The source excerpt ends before the complete entry and exit rules, and it gives no performance results.

Tags

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