LANZ Strategy 3.0 [Backtest]

🔷 LANZ Strategy 3.0 [Backtest] — Asian Range Fibonacci Scalping Strategy

LANZ Strategy 3.0 [Backtest] is a precision-engineered backtesting tool tailored for intraday traders who rely on the Asian session range to determine directional bias. This strategy implements dynamic Fibonacci projections and strict time-window validation to simulate a clean and disciplined trading environment.

🧠 Core Components:

• Asian Range Bias Definition: Direction is established between 01:15–02:15 a.m. NY time based on the candle’s close in relation to the midpoint of the Asian session range (18:00–01:15 NY).
  
• Limit Order Execution: Only one trade is placed daily, using a limit order at the Asian range high (for sells) or low (for buys), between 01:15–08:00 a.m. NY.
  
• Fibonacci-Based TP/SL:
  
• Original Mode: TP = 2.25x range, SL = 0.75x range.
  
• Optimized Mode: TP = 1.95x range, SL = 0.65x range.
  
• No Trade After 08:00 NY: If the limit order is not executed before 08:00 a.m. NY, it is canceled.
  
• Fallback Logic at 02:15 NY: If the market direction misaligns with the setup at 02:15 a.m., the system re-evaluates and can re-issue the order.
  
• End-of-Day Closure: All positions are closed at 15:45 NY if still open.
  

📊 Backtest-Ready Design:

• Entries and exits are executed using strategy.entry() and strategy.exit() functions.
  
• Position size is fixed via capital risk allocation ($100 per trade by default).
  
• Only one position can be active at a time, ensuring controlled risk.
  

📝 Notes:

• This strategy is ideal for assets sensitive to the Asian/London session overlap, such as Forex pairs and indices.
  
• Easily switch between Fibonacci versions using a single dropdown input.
  
• Fully deterministic: all entries are based on pre-defined conditions and time constraints.
  

👤 Credits:
Strategy developed by rau_u_lanz using Pine Script v6. Built for traders who favor clean sessions, directional clarity, and consistent execution using time-based logic and Fibonacci projections.