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strategy("8PM–9PM Range Strategy + 4AM Candle", overlay=true, initial_capital=2000)
// ----------------------
// TIME SETTINGS
// ----------------------
tz = "Asia/Manila"
startHour = 20
endHour = 21
riskPerc = 3.0
barHour = hour(time, tz)
barMin = minute(time, tz)
inSession = barHour >= startHour and barHour < endHour
sessionOpen = barHour == startHour and barMin == 0
sessionClose = barHour == endHour and barMin == 0
is4am = barHour == 4 and barMin == 0
// ----------------------
// RANGE VARIABLES (from indicator)
// ----------------------
var float sHigh = na
var float sLow = na
var int sStart = na
var int sEnd = na
var bool touchedMid = false
var bool ordersPlaced = false
// capture range during session
if sessionOpen
sHigh := high
sLow := low
sStart := bar_index
sEnd := na
touchedMid := false
ordersPlaced := false
if inSession
sHigh := math.max(sHigh, high)
sLow := math.min(sLow, low)
if sessionClose and not na(sHigh)
sEnd := bar_index
// ----------------------
// USE INDICATOR COORDINATES
// ----------------------
mid = (sHigh + sLow)/2
buyStop = sHigh
buySL = mid
buyTP = sHigh + 2*(sHigh - mid)
sellStop = sLow
sellSL = mid
sellTP = sLow - 2*(mid - sLow)
// ----------------------
// DETECT MID TOUCH (entry condition)
// ----------------------
if not na(mid) and not ordersPlaced
if high >= mid and low <= mid
touchedMid := true
// ----------------------
// PLACE ORDERS BASED ON INDICATOR COORDINATES
// ----------------------
if touchedMid and not ordersPlaced
riskAmount = strategy.equity * riskPerc / 100.0
stopDistBuy = math.abs(buyStop - buySL)
stopDistSell = math.abs(sellStop - sellSL)
qtyBuy = stopDistBuy > 0 ? math.max(1, math.round(riskAmount / stopDistBuy)) : 0
qtySell = stopDistSell > 0 ? math.max(1, math.round(riskAmount / stopDistSell)) : 0
if qtyBuy > 0
strategy.entry("BUY_STOP", strategy.long, qty=qtyBuy, stop=buyStop)
strategy.exit("EXIT_BUY", from_entry="BUY_STOP", stop=buySL, limit=buyTP)
if qtySell > 0
strategy.entry("SELL_STOP", strategy.short, qty=qtySell, stop=sellStop)
strategy.exit("EXIT_SELL", from_entry="SELL_STOP", stop=sellSL, limit=sellTP)
ordersPlaced := true
// ----------------------
// CANCEL / CLOSE ORDERS AT 4AM
// ----------------------
if is4am
strategy.cancel("BUY_STOP")
strategy.cancel("SELL_STOP")
if strategy.position_size > 0
strategy.close("BUY_STOP")
if strategy.position_size < 0
strategy.close("SELL_STOP")
touchedMid := false
ordersPlaced := false
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