Buy&Hold — Strategy by smith26

A basic Buy and Hold strategy, which is useful for comparing against your other strategies. You have to specify when you want the strategy to exit in the code, because the built in 'barstate.islast' and 'barstate.isrealtime' functions don't seem to work properly.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?

//@version=2
//Author: smith26
//This strategy is a simple buy and hold, which will enter Long at the beginning of price data, and exit at date specified below.  Useful for comparing against other strategies.

strategy("Buy&Hold", overlay=true)

//Set the following to desired END of your your Buy and Hold period.
yr =  year == 2016
mo = month == 09 //September
wk = weekofyear == 36 //36th week of the year
day = dayofmonth == 07 //in order for the 4hr and 1D charts to trigger, this must be at least TWO trading days ago.
lastwk = (weekofyear == 35) and yr //For Weekly charts to Close poition, set this to ONE week PRIOR to current week.
lastmo = (month == 07) and yr  //For Monthly charts to Close posotion, set this to TWO MONTHS PRIOR to current month.
//
today = yr and mo and day
thisweek = yr and wk
thismonth = yr and mo

longCondition = barstate.isfirst

sell1 = isintraday and today
sell2 = isdaily and today
sell3 = isweekly and lastwk
sell4 = ismonthly and lastmo

sellCondition = sell1 or sell2 or sell3 or sell4

if (longCondition)
    strategy.entry("long1", strategy.long)

if (sellCondition)
    strategy.close("long1")