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Finaxion Research · BLK

Which strategy works on BLK?

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

Findings

On BLK, 0 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": -9.6 points a year over buying and holding BLK. The worst is Heikin Ashi: follow the coloured candles: -22.8 points a year against buy-and-hold.

  1. On BLK, 0 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”: -9.6 points a year over buying and holding BLK.
  3. The worst is Heikin Ashi: follow the coloured candles: -22.8 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”×15×138-9.6%+1.7%overfit54
RSI 14: buy oversold (30/70)833.5%×138-11.4%-0.1%overfit48
Supertrend: the line that changes colour830.8%×138-11.4%-0.1%partly45
Only invest above the 200-day average754.4%×138-11.8%-0.4%overfit209
The golden cross (50/200)643.1%×138-12.3%-1.0%overfit45
Wyckoff: buying the accumulation530.9%×138-13.0%-1.7%overfit156
The Turtles: 55-day breakout500.8%×138-13.2%-1.8%overfit109
2-day RSI (the Connors rule)422.5%×138-13.7%-2.4%overfit634
Ichimoku: buy above the cloud390.5%×138-14.0%-2.6%overfit351
Stochastic: oversold cross (14, 3)308.0%×138-14.7%-3.4%overfit370
The MACD cross (12/26/9)221.8%×138-15.6%-4.3%overfit560
ADX: trade only in strong trends152.9%×138-16.6%-5.2%overfit873
Parabolic SAR: follow the dots86.3%×138-17.8%-6.4%overfit615
Bounce off the lower Bollinger band46.8%×138-18.7%-7.3%overfit184
Kaufman’s adaptive moving average (KAMA)22.0%×138-19.4%-8.0%overfit1019
ICT / Smart Money: the order block-1.5%×138-20.2%-8.8%6
Smart Money: the liquidity sweep-20.1%×138-20.9%-9.6%overfit106
ICT / Smart Money: the fair value gap-20.7%×138-21.0%-9.6%overfit222
Upper Bollinger band breakout-51.5%×138-22.8%-11.4%overfit464
Heikin Ashi: follow the coloured candles-52.4%×138-22.8%-11.5%overfit1779

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