OPEN-SOURCE SCRIPT
Asian Breakout AutoBot (NASDAQ, S&P 500, Gold)
This strategy is designed to automatically trade the classic "Asian Breakout" and Liquidity Sweep setups for Micro Futures like MNQ, MES, and MGC.
How it Works:
The indicator strictly isolates the Asian Session (00:00 UTC to 08:00 UTC) when volume is lowest and the market typically consolidates. It draws a dynamic box around the absolute High and Low of this session.
When the London or US session opens and heavy volume enters the market, the strategy waits for a breakout.
How it Works:
The indicator strictly isolates the Asian Session (00:00 UTC to 08:00 UTC) when volume is lowest and the market typically consolidates. It draws a dynamic box around the absolute High and Low of this session.
When the London or US session opens and heavy volume enters the market, the strategy waits for a breakout.
- Long Entry: Price crosses above the Asian High.
- Short Entry: Price crosses below the Asian Low.
- Visuals: The moment a trade triggers, the bot draws clean, dynamic Entry, Stop Loss, and Take Profit lines on your chart.
- Risk Management: Uses a customizable Fixed Risk/Reward ratio (default 1:2) and automatically closes all open positions at the end of the US Session to avoid overnight margin requirements.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.