Strategy · Pine Script v4 · Own pane

Buy and hold strategy

by hasnocool

This strategy simulates a buy-and-hold or short-and-hold position across a user-defined date window.

View on GitHub

GitHub stars106on the repository
Pine versionv4older, still runs
Lines of code14
Settings3inputs
LicenceGPL-3.0
Last update2 years ago18 Sep 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

14 lines of Pine Script v4 from Buy and hold strategy.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

Buy and hold strategy.pine
//@version=4
strategy("Buy and hold strategy")
startDate = input(title="Start Date", type=input.time, defval=timestamp("01 Jan 1970 00:00"))
endDate = input(title="End Date", type=input.time, defval=timestamp("20 June 2022"))
tradeDirection = input(title="Trade Direction", options=["Long", "Short"], defval="Long")
inDateRange = (time >= startDate) and (time < endDate)
if(inDateRange)
    if(tradeDirection == "Long")
        strategy.entry("Long", strategy.long)
    if(tradeDirection == "Short")
        strategy.entry("Short", strategy.short)
if(not inDateRange)
    strategy.exit(id="Exit", stop=close)
Expand (17 lines)

Overview

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.

Details

Published by

hasnocool on GitHub

Type

Strategy, Pine Script v4

Draws

Separate pane below the chart

Markets

Crypto

Timeframes

Any timeframe

Risk Notes

  • The strategy enters trades without a stop loss

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Start Datetimetimestamp("01 Jan 1970 00:00")startDate
End Datetimetimestamp("20 June 2022")endDate
Trade DirectionstringLongtradeDirection
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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