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Finaxion Research · BXP

Which strategy works on BXP?

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

Findings

On BXP, 0 of 20 famous strategies beat buy-and-hold on daily bars, and 0 of them hold out of sample. The best is Supertrend: the line that changes colour, at -0.9 points a year over buying and holding BXP. The worst is Heikin Ashi: follow the coloured candles, at -14.1 points a year against buy-and-hold.

  1. On BXP, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is Supertrend: the line that changes colour: -0.9 points a year over buying and holding BXP.
  3. The worst is Heikin Ashi: follow the coloured candles: -14.1 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
Supertrend: the line that changes colour682.5%888.9%-0.9%-2.2%overfit51
“Sell in May and go away”523.3%888.9%-1.7%-3.0%58
Stochastic: oversold cross (14, 3)406.1%888.9%-2.4%-3.8%partly412
RSI 14: buy oversold (30/70)306.8%888.9%-3.2%-4.6%overfit52
2-day RSI (the Connors rule)272.4%888.9%-3.6%-4.9%overfit652
Bounce off the lower Bollinger band162.0%888.9%-4.8%-6.2%overfit242
Only invest above the 200-day average98.2%888.9%-5.8%-7.1%overfit263
Ichimoku: buy above the cloud63.7%888.9%-6.5%-7.8%overfit411
The Turtles: 55-day breakout27.1%888.9%-7.3%-8.7%overfit128
ICT / Smart Money: the fair value gap20.6%888.9%-7.5%-8.9%overfit164
The golden cross (50/200)20.0%888.9%-7.5%-8.9%overfit53
Wyckoff: buying the accumulation4.7%888.9%-8.0%-9.3%overfit129
ICT / Smart Money: the order block2.0%888.9%-8.1%-9.4%overfit12
Smart Money: the liquidity sweep-0.8%888.9%-8.2%-9.5%overfit112
The MACD cross (12/26/9)-15.4%888.9%-8.7%-10.1%overfit629
Upper Bollinger band breakout-42.5%888.9%-10.0%-11.4%overfit448
Kaufman’s adaptive moving average (KAMA)-45.2%888.9%-10.2%-11.6%overfit1005
Parabolic SAR: follow the dots-55.5%888.9%-10.9%-12.2%overfit685
ADX: trade only in strong trends-69.1%888.9%-12.1%-13.5%overfit915
Heikin Ashi: follow the coloured candles-83.0%888.9%-14.1%-15.4%overfit1844

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