Session-Based Trend and Asia Range-Reversal Trading with EMA, RSI, and ATR

Summary

This system combines two intraday approaches using UTC-defined sessions. During the London and New York windows, it looks for trend trades using fast and slow exponential moving averages, with optional higher-timeframe agreement. Candidate signals accumulate from trend direction, a sweep of a recent high or low, RSI position relative to 50, a pullback across the fast average, and candle direction; a configurable minimum number must align. During the Asia window, it instead tracks the session’s developing high and low and seeks reversals near either extreme when RSI crosses configured overbought or oversold levels.

Trades are opened only while flat. The default exit framework uses an ATR-based stop and a risk-to-reward target, with settings to alter these rules and confirmation filters. The document presents source logic and signal descriptions, but no backtest data or performance evidence. Session hours are fixed in UTC, and results may vary with instrument, chart timeframe, execution assumptions, and indicator settings; the Asia range also evolves during that session.

Key ideas

• London and New York entries combine trend, recent range sweeps, RSI, pullbacks, and optional candle confirmation.
• An optional higher-timeframe EMA comparison can filter trend-session trades.
• The Asia setup tracks session extremes and looks for RSI-filtered reversals near the range boundaries.
• A minimum-condition threshold controls how many trend signals must agree before entry.
• The default exit uses ATR-based stops and a configurable reward-to-risk target, but the source provides no performance results.

Tags

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