Session-Window Strategy Shell with MA Cross or Range Break Entries
Summary
This Pine Script template restricts entry evaluation to a user-defined exchange-time session. It tracks the session high and low, plots those levels alongside fast and slow exponential moving averages, and lets the user choose between a session-range break condition and an MA crossover. A one-entry-per-session option can limit trading frequency. The excerpt also configures percent-of-equity sizing, commission, slippage, and non-pyramiding behavior.
Risk controls include an optional ATR-based stop or a fixed stop distance, plus a take-profit distance set as a multiple of risk. Optional Trade Wzrd alert messages support automation workflows. The document presents an educational strategy shell, not a validated trading system: the supplied text cuts off before the complete signal, exit, and alert logic, and gives no performance evidence. The default all-day session and configurable indicators do not establish an effective market edge; traders would need to define and test rules for their instrument and timeframe.
Key ideas
- The template evaluates entries only during a configurable session in the exchange timezone.
- Entry mode can be based on a session-range break or a fast and slow moving-average crossover.
- An optional setting limits the strategy to one entry per session day.
- Stops can use ATR distance or a fixed distance, with take profit defined by a risk-reward multiple.
- The excerpt is incomplete and supplies no evidence of profitability.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.