Session Range Breakouts and London Continuation with Scaled Exits

Summary

This strategy framework combines an Asia-session range breakout mode with a London continuation mode. Its inputs define session windows and time zones, gate trades by the size of the Asia range, and offer weekday and entry-time filters. It also includes optional higher-timeframe EMA alignment for the continuation setup and controls for long and short trades, daily trade limits, and risk per trade. Market profiles distinguish percentage-based range limits for crypto from dollar-based limits for gold.

The exit engine supports a single target or scaled profit targets, configurable stop adjustments after partial exits, and an optional trailing runner using either an R multiple or ATR distance. The script’s settings describe intended mechanics and default assumptions, including a backtest window and transaction costs, but the provided excerpt does not show the full entry logic or report strategy results. Performance, sensitivity to session definitions, and execution effects therefore cannot be assessed from this material alone.

Key ideas

• The framework trades Asia range breaks or London continuation setups.
• A range-size gate and optional time, weekday, and market-profile filters constrain trading.
• The continuation mode can require higher-timeframe EMA alignment.
• Exits can scale out at multiple targets and adjust stops as targets are reached.
• The excerpt describes configurable mechanics but provides no performance evidence.

Tags

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