Asian Breakout AutoBot (NASDAQ, S&P 500, Gold)

The Asian Breakout AutoBot (NASDAQ, S&P 500, Gold) indicator provides an automated framework for trading session-based momentum and liquidity breakouts specifically tailored for the futures and indices markets.

Usage

The script is used to identify and trade price breakouts from the Asian session consolidation range. During the specified Asian session time, the indicator calculates the session high and low, forming a visual "box."

• Long Entry: Triggered when the price closes above the Asian session high during the London (UK) or US trading sessions.
• Short Entry: Triggered when the price closes below the Asian session low during the London (UK) or US trading sessions.
• Visual Signals: When a trade is active, the script plots dynamic lines for the entry price, stop loss (the opposite side of the range), and take profit (based on a user-defined Risk/Reward ratio).
• Automatic Exit: To avoid overnight margin risks, the strategy includes an end-of-day (EOD) logic that closes all open positions at the conclusion of the US session.

Details

The strategy relies on the concept that the Asian session often represents a period of lower volume and consolidation. The subsequent London and New York opens typically introduce the liquidity necessary to drive a sustained trend.

The breakout logic uses the full range of the Asian session as a volatility gauge. The Stop Loss is anchored to the opposite side of the range, while the Take Profit is calculated by multiplying the range size by the Risk/Reward Target input. This ensures that the profit target is proportional to the established market volatility of that specific day.

Settings

Timings

• Asian Session (UTC): Defines the time window for calculating the initial range (default is 00:00 - 08:00 UTC).
• UK Session (UTC): Defines the start of the London trading window.
• US Session (UTC): Defines the start of the New York trading window and the final exit time.

Strategy Rules

• Risk/Reward Target: Sets the multiplier for the profit target relative to the Asian session range. A value of 2.0 means the target is twice the size of the range.

Appearance

• Asia Box/Border: Customizes the colors and visibility of the Asian session range.
• UK Box: Customizes the background color for the London session.
• US Box: Customizes the background color for the US session.

FAQ

How do I access Asian Breakout AutoBot (NASDAQ, S&P 500, Gold)?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Which assets is this script best suited for?

While it can be used on any instrument, it is specifically optimized for high-liquidity assets like NASDAQ (MNQ), S&P 500 (MES), and Gold (MGC).

Does this strategy hold positions overnight?

No, the script is designed with an automatic close-all function at the end of the US session to manage margin requirements and avoid gap risk.