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Finaxion Research · BKNG

Which strategy works on BKNG?

On BKNG, 4 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.

Findings

On BKNG, 4 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is "Sell in May and go away": +9.0 points a year over buying and holding BKNG. The worst is Bounce off the lower Bollinger band: -13.9 points a year against buy-and-hold.

  1. On BKNG, 4 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is “Sell in May and go away”: +9.0 points a year over buying and holding BKNG.
  3. The worst is Bounce off the lower Bollinger band: -13.9 points a year against buy-and-hold.

The 20 strategies, one by one

StrategyReturnBuy and holdExcess (pts/yr)Vs. S&P 500 (pts/yr)Out of sampleTrades
“Sell in May and go away”×89922.2%+9.0%+9.2%55
Supertrend: the line that changes colour×44922.2%+6.0%+6.2%overfit46
Ichimoku: buy above the cloud×32922.2%+4.6%+4.8%overfit331
The Turtles: 55-day breakout×22922.2%+3.2%+3.4%overfit101
Wyckoff: buying the accumulation913.0%922.2%-0.0%+0.2%overfit154
Only invest above the 200-day average797.1%922.2%-0.5%-0.2%overfit197
The golden cross (50/200)517.7%922.2%-2.0%-1.7%overfit37
ADX: trade only in strong trends151.1%922.2%-5.4%-5.2%overfit822
Parabolic SAR: follow the dots141.2%922.2%-5.6%-5.3%overfit592
ICT / Smart Money: the fair value gap89.7%922.2%-6.5%-6.2%overfit261
RSI 14: buy oversold (30/70)8.3%922.2%-8.6%-8.3%overfit64
ICT / Smart Money: the order block3.1%922.2%-8.7%-8.5%overfit12
The MACD cross (12/26/9)-2.0%922.2%-8.9%-8.7%overfit548
Kaufman’s adaptive moving average (KAMA)-20.0%922.2%-9.7%-9.4%overfit994
Upper Bollinger band breakout-30.7%922.2%-10.2%-9.9%overfit456
Smart Money: the liquidity sweep-42.3%922.2%-10.8%-10.6%overfit118
Heikin Ashi: follow the coloured candles-46.9%922.2%-11.1%-10.9%overfit1788
2-day RSI (the Connors rule)-68.3%922.2%-13.0%-12.7%overfit635
Stochastic: oversold cross (14, 3)-71.6%922.2%-13.3%-13.1%overfit367
Bounce off the lower Bollinger band-75.7%922.2%-13.9%-13.6%overfit200

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