I proudly present the backtest Strategy Script for my "Buy and Hold entry finder" Script.
It basically shows you the outcome, if you would use my indicator in the past.
The buy signals are limited to 1 order per month.
Order Size: Allows you to choose, how much money you want to invest per month. (Please consider, it will only invest an x amount per Order, but it will not stack the amount you did not invest in an previous month ) (Example in my indicator)
Pyramiding: Just regulates, how often you can open an position. Commission: Here you can set how much it will cost to open an position at your broker.
I coded a feature that allows you to set a Start Date and an End Date for your backtest. In the end of the backtest the script closes all positions.
If you got any question, feel free to ask in the comments or send me a message.
Which indicator do you prefer to use? Buy every month or this indicator? and what are the differences? Thanks!
zes67
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@testerr42324, Imo best to buy every month, since with this indicator there is opportunity cost. Meaning, you would invest a lot less than simply buy every month. Eventhough, this strategy might give you higher return percentagewise, you would have more money in the end by dca'ing monthly. My 2 cents
sasamruddhi24
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on which time frame we can use for intraday on index