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Scalping London Breakouts of the Asian Session Range

Article MQL5 code base
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Summary

This indicator defines the Asian session high and low and plots them as horizontal reference levels. During the London session, it watches price action near those levels and signals confirmed breaks and retests. The described use is manual scalping around the London open, with the session range, breakout events, and retests presented on a chart.

Users can adjust the session hours and choose whether signals require EMA trend confirmation or a volume filter. Signal delivery can be configured for alerts, push notifications, or chart arrows, while stop and target distances are input settings. The description says signals do not repaint after bars close and lists M1, M5, and M15 charts as supported. It offers no backtest, trade examples, win rate, or evidence that the signals are profitable; behavior may also depend on server time and instrument characteristics.

Key ideas

  • The indicator uses the Asian session high and low as levels for later London-session signals.
  • It identifies confirmed breaks and retests for a manual scalping approach.
  • An EMA filter and a volume filter can be enabled to screen signals.
  • The description claims closed-bar signals do not repaint, but supplies no performance testing.

Tags

ForexBreakoutTechnical indicatorsExecution

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