Buy and hold strategy enters a single long or short position when the bar time reaches the start date and holds that position continuously until the end date passes, where it triggers an exit order. Inputs allow traders to configure the start timestamp, end timestamp, and trade direction. The strategy executes in a separate pane. A notable limitation is the absence of an active stop loss or take profit while holding.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Start Date
time
timestamp("01 Jan 1970 00:00")
startDate
End Date
time
timestamp("20 June 2022")
endDate
Trade Direction
string
Long
tradeDirection
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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