NQ: London breakout of the Asia range
Enter when price breaks the Asia high or low during London. Stop on the other side of the range. Backtested on real CME NQ 1-minute bars.
Short answer
We backtested the London breakout of the Asia range on NQ (Nasdaq-100 futures (NQ and MNQ)) using real CME 1-minute bars from 2 Jan 2023 to 18 Oct 2026. It took 322 trades, won 46.0% of them and made $237 after costs, an average of +0.01R per trade. It did not clear the bar: it failed 7 of 8 tests, including "Average R of +0.10 or more". Against a random-walk copy of the same data it scored 0.02R better, so there is no clear edge over chance. It trades 12:30 to 18:00 IST in summer or 13:30 to 19:00 IST in winter (03:00 to 08:30 New York time).
Strategy setup
Times in your time zone: EST (America/New York), New York times beside them. Change it in your profile.
Real days from the data
Fri, 17 Apr 2026, long. In at 04:29 EST (04:29 New York), out at 08:25 EST (08:25 New York). 15-minute candles, 1 MNQ, $117 at risk.
- Range
- The Asia session high and low18:00 to 03:00 EST (18:00 to 03:00 New York)
- Entry
- First break one tick beyond the range, stop order03:00 to 08:30 EST (03:00 to 08:30 New York)
- Stop
- Opposite side of the range
- Target
- 2R, twice the distance to the stop
- Time exit
- Flat by this time at the latest08:30 EST (08:30 New York)
- Size
- Whole MNQ micros, so the stop risks at most $150 (maximum 10). Skipped if one micro would risk more
- Frequency
- One trade a day
One tick lost on stop and market fills, a target needs price to trade a tick through it, the stop counts first when one bar touches both, and a target can't be hit in the bar a limit order fills. Commission is a placeholder $0.50 per micro per side, not Tradeify's actual rate.
Does it clear the bar?
Doesn't meet the barFixed before any strategy was run. Every check must hold after costs. Average R is +0.01 against -0.01 on random-walk copies of the same days (±0.02): no better than chance.
- At least 300 trades322
- Average R of +0.10 or more+0.01
- t-statistic of 3 or more0.1
- Beats a random walk by 0.10R+0.02R over -0.01R
- Profitable in 3 of 4 years2 of 4
- Positive out-of-sample (2025 on)-0.15R
- Profit factor of 1.2 or more1.02
- Max drawdown within $1,000-$2,080
Net profit
$237
after $371 costs
Trades
322
on 32.8% of days
Win rate
46.0%
avg win $83, avg loss -$69
Average R
+0.01
95% range -0.08 to +0.10
Profit factor
1.02
expectancy $1 a trade
Max drawdown
-$2,080
vs $1,000 allowed on a $25K account
Equity curve
Running net profit, by quarter
By year
Net profit, and trades taken
How trades ended
Net profit by exit type
Days with a trade
Share of each year's trading days on which the strategy traded, and why the other days had no trade.
- 202367%
- 202442%
- 202514%
- 20261%
| Reason for no trade | Days | Share of all days |
|---|---|---|
| one micro risks more than the budget | 530 | 54% |
| no breakout before the time exit | 129 | 13.1% |
| day ends inside the range | 1 | 0.1% |
Breakdowns
Nothing is tuned on the out-of-sample years: 2023 to 2024 is the in-sample period, 2025 on is out-of-sample.
| Period | Trades | Win rate | Net | Avg R | Profit factor | Max drawdown |
|---|---|---|---|---|---|---|
| In-sample 2023 to 2024 | 283 | 47.7% | $926 | +0.03 | 1.09 | -$1,731 |
| Out-of-sample 2025 to Oct 2026 | 39 | 33.3% | -$688 | -0.15 | 0.66 | -$1,065 |
| By year | Trades | Win rate | Net | Avg R | Profit factor | Max drawdown |
|---|---|---|---|---|---|---|
| 2023 | 174 | 51.1% | $1,357 | +0.07 | 1.24 | -$756 |
| 2024 | 109 | 42.2% | -$432 | -0.04 | 0.90 | -$1,731 |
| 2025 | 37 | 29.7% | -$1,065 | -0.24 | 0.47 | -$1,065 |
| 2026 | 2 | 100.0% | $376 | +1.61 | 99.00 | $0 |
| By side | Trades | Win rate | Net | Avg R | Profit factor | Max drawdown |
|---|---|---|---|---|---|---|
| Long | 186 | 45.2% | -$866 | -0.04 | 0.88 | -$1,910 |
| Short | 136 | 47.1% | $1,103 | +0.07 | 1.22 | -$1,299 |
Rule variations
Small changes to the rules, to check the result is not fragile. They are never used to choose the rules.
| Variation | Trades | Win rate | Net | Avg R | Profit factor | Max drawdown | Days skipped |
|---|---|---|---|---|---|---|---|
| Primary rules | 322 | 46.0% | $237 | +0.01 | 1.02 | -$2,080 | - |
| Target 1R | 322 | 47.8% | $22 | 0.00 | 1.00 | -$1,930 | 660 |
| Target 1.5R | 322 | 46.3% | $207 | +0.01 | 1.02 | -$1,963 | 660 |
| Target 3R | 322 | 46.0% | $282 | +0.01 | 1.02 | -$2,046 | 660 |
| Stop at the middle | 626 | 41.7% | -$472 | +0.01 | 0.99 | -$4,817 | 356 |
| Risk budget $250 | 557 | 46.3% | -$2,168 | -0.01 | 0.93 | -$5,947 | 425 |
Tradeify $25K evaluation
Target $1,500, trailing drawdown $1,000, daily loss $600. An attempt starts on each of 982 trading days in turn.
- Passed 87
- Failed on drawdown 440
- Unfinished 455
16.5% of finished attempts passed, in a median of 189 trading days. Attempts that start on consecutive days overlap, and with no edge a simulated evaluation passes or fails mostly by luck.
Hypothetical results from a backtest on CME NQ futures, 2 Jan 2023 to 18 Oct 2026, run 19 October 2026. 104 strategies and variations were tried across the Strategy section, so the best few would look good by chance. Past performance does not predict future results, fills and costs are assumed, and an average of +0.01R with a 95% range of -0.08 to +0.10R can't be told apart from zero. Education, not trading advice.
More strategies
- NQ: 9:30 opening range breakoutTrade the first break of the 15-minute range after the New York open. Stop on the other side, 2R target, flat by 11:30.
- NQ: Asia range sweep and reversalFade a sweep of the Asia high or low that closes back inside the range.
- NQ: Previous-day high or lowSweep-and-reject at yesterday's high or low.
- NQ: Overnight range at the openBreak of the overnight high or low at the open, then a retest.
- GC: London breakout of the Asia rangeEnter when price breaks the Asia high or low during London. Stop on the other side of the range.
Trading a prop firm account?
Track each challenge's rules and today's dollar limits, with your sessions in your time zone. Free.