Asian Range Breakout Forex Strategy

Enter long when a 15‑minute candle closes above the Asian high or short when it closes below the Asian low, with a stop on the opposite side of the Asian range (max 25 pips) and a target of 1.5 times the range, exiting...

Market
Forex
Style
Breakout
Timeframe
Day 15m-1h (15m)
Level
Beginner
Tools
Support and resistance
Saved
1 time
Run
0 times

Tested

Testing needs market data for this symbol. Past results do not guarantee future results.

The rules

Setup

Lane (first to light up)Lane: forex
Instrument(s)EUR/USD
Primary timeframe15 minutes

Trigger

Not set.

Entry

Entry trigger15 minute close above Asian session high (midnight to 7am London time) for long, or close below Asian session low for short
Order typemarket on close

Stop

Initial stopother side of Asian range, capped at 25 pips

Exit

Profit target (optional)1.5 times the Asian range
Time / session exit (optional)close any open trade by noon London time

Risk

Risk per trade0.5%

Strengths

  • Clear, rule‑based entry and exit points
  • Explicit risk per trade and stop‑loss cap
  • Time‑based exit limits overnight exposure
  • Simple to follow on a 15‑minute chart

Risks

  • False breakouts can trigger stops quickly
  • 25‑pip stop may be too tight in volatile periods
  • Target may be hit rarely after spreads and slippage
  • Strategy depends on a single session pattern that can underperform in range‑less markets

Source

A JustWavey pick: a well known public strategy, written out in plain words by the JustWavey team.

Version history

VersionSavedChanged boxes
12026-10-17First version

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