LANZ Strategy 5.0 [Backtest]

🔷 LANZ Strategy 5.0 [Backtest] — Rule-Based BUY Logic with Time Filter, Session Limits and Auto SL/TP Execution

This is the backtest version of LANZ Strategy 5.0, built as a strategy script to evaluate real performance under fixed intraday conditions. It automatically places BUY and SELL trades based on structured candle confirmation, EMA trend alignment, and session-based filters. The system simulates real-time execution with precise Stop Loss and Take Profit levels.

📌 Built for traders seeking to simulate clean intraday logic with fully automated entries and performance metrics.

🧠 Core Logic & Strategy Conditions

✅ BUY Signal Conditions:

Price is above the EMA200
The last 3 candles are bullish (close > open)
The signal occurs within the defined session window (NY time)
Daily trade limit has not been exceeded

If all are true, a BUY order is executed at market, with SL and TP set immediately.

🔻 SELL Signal Conditions (Optional):
Exactly inverse to BUY (below EMA + 3 bearish candles). Disabled by default.

🕐 Operational Time Filter (New York Time)

You can fully customize your intraday window:

Start Time: e.g., 01:15 NY
End Time: e.g., 16:00 NY

The system evaluates signals only within this range, even across midnight if configured.

🔁 Trade Management System

One trade at a time per signal
Trades include a Stop Loss (SL) and Take Profit (TP) based on pip distance
Trade result is calculated automatically
Each signal is shown with a triangle marker (BUY only, by default)

🧪 Backtest Accuracy

This version uses:

strategy.order() for entries
strategy.exit() for SL and TP
strategy.close_all() at the configured manual closing time

This ensures realistic behavior in the TradingView strategy tester.

⚙️ Flow Summary (Step-by-Step)

On every bar, check:

Is the time within the operational session?
Is the price above the EMA?
Are the last 3 candles bullish?

If conditions met → A BUY trade is opened:

SL = entry – X pips
TP = entry + Y pips

Trade closes:

If SL or TP is hit
Or at the configured manual close time (e.g., 16:00 NY)

📊 Settings Overview

Timeframe: 1-hour (ideal)
SL/TP: Configurable in pips
Max trades/day: User-defined (default = 99 = unlimited)
Manual close: Adjustable by time
Entry type: Market (not limit)
Visuals: Plotshape triangle for BUY entry

👨‍💻 Credits:
💡 Developed by: LANZ
🧠 Strategy logic & execution: LANZ
✅ Designed for: Clean backtesting, clarity in execution, and intraday logic simulation

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

rau_u_lanz

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

rau_u_lanz

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