Session Breakout Execution with Evaluation Drawdown Controls

Summary

The document shows the opening portion of a Pine Script strategy labeled for a trading evaluation account. Its inputs define London and New York morning entry and management sessions, an opening-range length, a delay before entry, breakout strength and candle-body filters, optional VWAP confirmation, ATR-based stop sizing, minimum and maximum stop distances, and risk and reward targets. It also includes per-trade risk caps, staged dollar profit locks, evaluation profit and trailing drawdown settings, and switches for alerts, labels, and a dashboard.

The visible logic tracks current evaluation profit and the peak profit to calculate drawdown from that peak. However, the supplied document cuts off during this calculation, before the entry rules, order management, or later dashboard and alert behavior appear. It gives no backtest results or evidence that the settings meet any evaluation requirements. The parameters describe intended controls, not proof of execution quality or risk performance.

Key ideas

• The script restricts intended entries to London and New York morning sessions and separates entry windows from management windows.
• Breakout filters include opening-range bars, close strength, candle-body size, and an optional VWAP check.
• ATR-based stop parameters and per-trade dollar limits are paired with minimum reward-to-risk targets and staged profit locks.
• The visible code tracks peak evaluation profit and drawdown, but the document ends before showing complete trade logic or results.

Tags

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