FINAXIONResearch
Finaxion Research · COF

Which strategy works on COF?

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

Findings

On COF, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is RSI 14: buy oversold (30/70): -1.2 points a year over buying and holding COF. The worst is Heikin Ashi: follow the coloured candles: -18.3 points a year against buy-and-hold.

  1. On COF, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is RSI 14: buy oversold (30/70): -1.2 points a year over buying and holding COF.
  3. The worst is Heikin Ashi: follow the coloured candles: -18.3 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
RSI 14: buy oversold (30/70)×42×58-1.2%+1.4%partly60
2-day RSI (the Connors rule)×19×58-4.0%-1.5%overfit775
“Sell in May and go away”×14×58-4.9%-2.4%overfit63
Supertrend: the line that changes colour×13×58-5.1%-2.6%partly60
Only invest above the 200-day average377.4%×58-8.6%-6.1%overfit289
The golden cross (50/200)268.3%×58-9.4%-6.9%overfit49
Stochastic: oversold cross (14, 3)250.9%×58-9.6%-7.1%overfit433
Ichimoku: buy above the cloud194.7%×58-10.2%-7.7%overfit433
Wyckoff: buying the accumulation68.9%×58-12.0%-9.5%overfit178
Bounce off the lower Bollinger band55.3%×58-12.2%-9.7%overfit268
The Turtles: 55-day breakout43.8%×58-12.5%-10.0%overfit135
The MACD cross (12/26/9)31.3%×58-12.8%-10.3%overfit656
ADX: trade only in strong trends26.7%×58-12.9%-10.4%overfit1044
ICT / Smart Money: the fair value gap16.3%×58-13.2%-10.6%overfit250
Smart Money: the liquidity sweep4.7%×58-13.5%-11.0%overfit124
ICT / Smart Money: the order block-11.1%×58-14.0%-11.5%overfit30
Kaufman’s adaptive moving average (KAMA)-13.5%×58-14.1%-11.6%overfit1128
Parabolic SAR: follow the dots-75.9%×58-18.0%-15.5%overfit718
Upper Bollinger band breakout-76.6%×58-18.1%-15.6%overfit506
Heikin Ashi: follow the coloured candles-77.7%×58-18.3%-15.7%overfit2176

Finaxion is an analysis tool, not an investment adviser. This page is not a recommendation. Past performance does not guarantee future results. Prices and series: market data. Computations: Finaxion engine.