Session Magic Strategy for Trading View (Premium Subscription)
The Session Magic Strategy for Trading View may be used with Futures, Stocks, Crypto, ETF's, Indices and Commodities. Session Magic Strategy works most effectively on a 1 minute timeframe, and can be used to open least 1 trade after opening and during the session of the London, New York or Asian market after the early resistance and support levels are established (Range Bars) and after breakout. A retest trade may then be opened in the direction of the breakout if the entry rules set in backtest for optimal entry is met. With careful backtest tuning you can achieve quite accurate trade entries. The trade will exit at a Take Profit setting.
Add Session Magic Premium Strategy to your Favorites.
For more trades in Session You can increase the Max Trades allowed, but be aware this could increase or lower profitability.
High Suitability Assets: (more to be tested)
NQ, MNQ, ES, MES, BTC, YM, US500, US30, FDAX.
Some Defaults for assets are on this Google spreadsheet, see the Session Magic tab:
What This Strategy is Showing
The stats you can see are for 13 winning trades taken over a 15 trading day period (Feb 17 to March 7th 2025)
If I change the Max Trades to 3, we get 17 winning trades and 1 losing trade, but the Net Profit increase by 2.185.
If we check the losing trade, the stop set to 0.72 was triggered and increasing the SL would need to be set to 2.3% which is quite a wide loss potential going forward. So, it may be prudent to keep the Max trades down at 1 even tho that means less profit but may give 100% winrate. Consistent profits and very low losses are the holy grail. You can always layer multiple high-win strategies alongside each other to accumulate greater profits instead of trying to push a single asset to the edge of failure.
For Futures Session Trading
Session magic takes advantage of the high volume manipulation which normally ocurs at market open. So if you are trading Session Magic manually, be aware of the volatility which occurs, you may need to keep your SL well away and move it into the side of profit once the price action moves into profit. Be aware that when you are in profit, the price WILL always move against you at some point, so trailing your stop will help you retain some of those profits.
The yellow lines mark the previous day high and low, the blue dashes are the 5hrs of pre-market high and low. You can trade this, but in my tests the best results seem to be using the first 2-12 bars of high and low for breakout retest trade. We supply a googlesheet with many suggested backtested setting for assets.
The beauty of this being a Trading View strategy means that you can backtest the performance of the strategy and see at a glance the most efficient and optimal settings as you make changes.
You can adjust the Retest buffer (in USD $) in backtest mode with each asset to make sure the retest is activated.
The take profit (TP %) 0.2% to 0.4 is optimally set low to give best automated webhook results and prevent stoploss activation, but if you can manage your own exits , the pink VWAP line often acts as a high-probability magnet pulling price action back into balance by end of day, especially if this is near the previous day open which adds confluence.
Generally price will return to vwap line, and even more so to the Previous Close by end of day because many market makers contracts need to be fulfilled.
It is essential to set the Start hour and End Hour correct for the open and close of the US market at 9.30am and close at 4-5pm, this time will be different depending on your timezone. European assets will be better with a 7.45am or 8am session start, however sometimes setting the start before or after open can yield much better results, the Strategy Tester in Trading View can show you the best reslts in the dash as you adjust the open time. You can also refer to our googlesheets for what settings we have optimised.
The strategy paints a blue background showing the session. Watch the strategy backtest stats to see if varying the open by 1 hr to see if it is beneficial to the stats, sometimes starting the open an hour earlier or later can give good results.
Automation:
If automating, use 1 micro to keep the risk low and make sure you close the trade by end of trading to avoid losing your prop account or check the close trades end of day box before saving the webhook alert. The premium version has an auto close for end of day.
Important! Some futures need you to set 1 contract (eg: NQ, ES, YM) and other assets you can use Order Size 10-100% equity. So for futures Set Properties to 1 Contract FIRST!
When you open Session Magic you will need to set 1 contract in the Parameters tab. Futures such as NAS100, DOW, US30, US2000 , Forex and Crypto you will need to set % of Equity.
Features in Premium Version
Open Trade on Retest and /or Breakout
Session Guide for LSE, NYSE, TSE
Adustable Open & Close Times
Previous Day Close Label
Multiple Trades in Session(if valid)
PreMarket high & Low Levels
Stop and Take Profit Settings & Labels
Back-testable at-a-glance
Dashboard with Full Performance Metrics
Available Default Settings on GoogleSheets
Strategy Functions
Strategy Simulator for Long/Short/TP/SL with on-chart lines for TP/SL
Trade Manually or Automate Trades via Webhook.
Session Magic Strategy for Trading View (Premium Subscription)