Greedy Asian Session Breakout Strategy
This is a trading strategy based on breakouts during the Asian session.
A filter is applied to ensure the price is not too far from the 20-period MA on the H4 chart.
<Buy Entry Conditions>
Identify the range (high and low) formed during the Asian session between 01:00 and 05:14 (MT4 time).
A breakout signal is generated if the price breaks this range between 05:15 and 17:00 (MT4 time).
The M15 320 MA must be above the level equal to the range low + range width × 1.0.
The M15 320 MA must also be below the midpoint of the range.
An entry is triggered when the price breaks out of the range by more than a margin (X0.05).
<Exit Conditions>
When an opposite signal is generated.
All positions are forcibly closed at 02:15 (PC time).
<Stop Loss (SL)>
The opposite side of the range, including the breakout margin (X0.05).
<Trailing Stop (TS)>
A trailing stop of 20 pips is applied once a profit of 20 pips is reached.
<Lot Size>
Lot size is calculated to risk a maximum of 0.25% of account balance.
<Trading Hours>
Entries are only taken between 05:15 and 17:00 (MT4 time).
All positions are forcibly closed at 02:15 (PC time, Japan time).
<Currency Pairs>
All 28 major currency pairs.
<Performance>
Ran only yesterday.
Profit of 1.29% (as shown in the attached image).
<Notes>
The signal indicator includes time-based settings that must be adjusted to match your MT4 server time (FNC_TimedBreak parameter).
My MT4 server uses GMT+3 due to daylight saving time.
The EA includes time settings based on your PC system time (FNC_DB_EA parameter).
During daylight saving time, the London market opens at 16:00 Japan time (PC time).
Apologies for the mix of server and PC time references.
While I aim to create strategies that perform well over the long term, most trading strategies do not succeed.
Please ensure you configure the currency pair settings correctly (FNC_DB parameter).
<Reflections>
I felt that a 20-pip trailing stop was too tight.
I’m curious about the results if positions are held until the opposite signal appears.
The latest template is attached.
Please be sure to use the most recent version.
