AI MES Asian Session Strategy by lylerh
By lylerh
Performance Metrics
- Author: lylerh
- Symbol: CME_MINI:MES1!
- Timeframe: 10 minutes
- Net P&L: +538.95 USD (+0.05%)
- Win Rate: 80.0%
- Profit Factor: 2.925
- Max Drawdown: 279.35 USD (0.03%)
- Total Trades: 20
Description
How this script works:The first 30 minutes after 6pm ET (orange shading) builds the opening range. Once locked in, two setups compete — whichever fires first wins and blocks the other for the session.Breakout fires when price closes outside the range with above-average volume and RSI momentum confirming direction. Stop goes back inside the range, target is 1.5R.Mean reversion fade fires when price tags a range extreme, RSI is overbought/oversold, and the close reversal bar closes back inside the range. Stop goes just beyond the extreme, target is the range midpoint. Volume threshold is lower here (0.8× average) because fades naturally happen on lighter volume.Key things to tune in the backtest:Max Range Size (default 20pts) — filters out nights where a news event blows the range wide open, making fades dangerousRSI Overbought/Oversold thresholds — tighten these (e.g. 65/35) for fewer but higher quality fade signalsThe small faded circles on the chart show when a fade condition was met but couldn't fire (trade limit reached or position already open) — useful for eyeballing missed setupsRun this on the 5-minute timeframe — the Asian session moves slowly enough that 3-minute adds noise without improving entry timing.