MES Asian Session Range Breakouts and Mean Reversion

Summary

This Pine strategy is designed for Micro E-mini S&P 500 futures during an evening session in Eastern Time. It first builds a range during a configurable opening window, then appears intended to trade moves around that range. Inputs define acceptable range size, breakout confirmation distance, a mean-reversion buffer, higher-timeframe EMA bias, RSI and volume filters, stop parameters, a reward-to-risk target, and a session trade limit.

The supplied document cuts off during session-state setup, before the range calculations, entry and exit rules, or any strategy results are shown. As a result, the exact conditions for breakout and mean-reversion trades cannot be confirmed from this excerpt. It includes default settings and a per-contract commission assumption, but no backtest period, performance metrics, or evidence of profitability. The description is therefore useful as an outline of a configurable session strategy, not as a complete specification or validated trading system.

Key ideas

• The strategy defines an evening trading session and a configurable initial range.
• It includes inputs for both range breakouts and mean-reversion entries.
• Higher-timeframe EMA, RSI, and volume filters can condition trade signals.
• Risk controls include stop parameters, a reward-to-risk setting, and a maximum trade count.
• The excerpt ends before the actual signal rules or backtest evidence appear.

Tags

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