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Finaxion Research · CBRE

Which strategy works on CBRE?

On CBRE, 1 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.

Findings

On CBRE, 1 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": +0.5 points a year over buying and holding CBRE. The worst is Heikin Ashi: follow the coloured candles: -24.6 points a year against buy-and-hold.

  1. On CBRE, 1 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”: +0.5 points a year over buying and holding CBRE.
  3. The worst is Heikin Ashi: follow the coloured candles: -24.6 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”×26×24+0.5%+4.9%44
Supertrend: the line that changes colour×15×24-2.2%+2.2%overfit34
Wyckoff: buying the accumulation910.0%×24-4.4%+0.0%partly134
Only invest above the 200-day average899.9%×24-4.4%-0.0%overfit152
Ichimoku: buy above the cloud867.1%×24-4.6%-0.2%overfit283
The golden cross (50/200)591.5%×24-6.2%-1.8%overfit30
The Turtles: 55-day breakout557.2%×24-6.5%-2.1%overfit97
Parabolic SAR: follow the dots521.8%×24-6.8%-2.4%overfit488
Stochastic: oversold cross (14, 3)272.4%×24-9.2%-4.9%partly298
2-day RSI (the Connors rule)224.3%×24-9.9%-5.5%overfit487
ICT / Smart Money: the fair value gap51.1%×24-13.5%-9.1%overfit206
ADX: trade only in strong trends48.1%×24-13.6%-9.2%overfit684
Kaufman’s adaptive moving average (KAMA)13.2%×24-14.8%-10.4%overfit783
RSI 14: buy oversold (30/70)5.0%×24-15.1%-10.7%overfit37
ICT / Smart Money: the order block0.3%×24-15.3%-10.9%overfit12
The MACD cross (12/26/9)-9.4%×24-15.8%-11.4%overfit448
Bounce off the lower Bollinger band-15.8%×24-16.1%-11.7%overfit176
Smart Money: the liquidity sweep-35.8%×24-17.3%-12.9%overfit72
Upper Bollinger band breakout-59.2%×24-19.3%-14.9%overfit356
Heikin Ashi: follow the coloured candles-88.4%×24-24.6%-20.2%overfit1464

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