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Session-Based Liquidity Breakout Using Asian Range Retracements

Article MQL5 code base
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Summary

This brief strategy outline defines an Asian session range from 1:00 AM to 5:00 AM GMT, then looks for an entry at the London or New York open. The proposed entry is at a 60% Fibonacci retracement, with a stop below the 80% level and a stated profit target of five times the risk. These rules describe a breakout setup centered on session timing and retracement levels.

The document gives no instrument, direction rules, range calculation details, trade frequency, backtest, or live performance evidence. It also does not explain how the Fibonacci levels are anchored or what “below” means for short positions. The outline is therefore insufficient to reproduce or evaluate the strategy without additional specifications.

Key ideas

  • The setup defines the Asian range using the period from 1:00 AM to 5:00 AM GMT.
  • Entries are considered at the London or New York session open.
  • The proposed entry uses a 60% Fibonacci retracement and the stop is placed beyond the 80% level.
  • The stated target is five times the risk, but no performance evidence is supplied.

Tags

BreakoutTechnical indicatorsRisk management

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