Finaxion Research · ECHO

Which strategy works on ECHO?

On ECHO, 3 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.

Findings

On ECHO, 3 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is Supertrend: the line that changes colour: +3.0 points a year over buying and holding ECHO. The worst is ADX: trade only in strong trends: -10.3 points a year against buy-and-hold.

On ECHO, 3 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
The best is Supertrend: the line that changes colour: +3.0 points a year over buying and holding ECHO.
The worst is ADX: trade only in strong trends: -10.3 points a year against buy-and-hold.

The 20 strategies, one by one

Strategy	Return	Buy and hold	Excess (pts/yr)	Vs. S&P 500 (pts/yr)	Out of sample	Trades
Supertrend: the line that changes colour	449.2%	227.3%	+3.0%	-1.8%	—	25
Wyckoff: buying the accumulation	396.4%	227.3%	+2.4%	-2.4%	—	122
Only invest above the 200-day average	261.0%	227.3%	+0.6%	-4.2%	—	146
The golden cross (50/200)	210.9%	227.3%	-0.3%	-5.1%	—	28
“Sell in May and go away”	157.3%	227.3%	-1.4%	-6.2%	—	37
Parabolic SAR: follow the dots	110.3%	227.3%	-2.5%	-7.3%	—	396
Upper Bollinger band breakout	108.4%	227.3%	-2.5%	-7.3%	—	254
RSI 14: buy oversold (30/70)	90.6%	227.3%	-3.0%	-7.8%	—	37
The Turtles: 55-day breakout	41.3%	227.3%	-4.7%	-9.5%	—	58
Kaufman’s adaptive moving average (KAMA)	40.8%	227.3%	-4.7%	-9.5%	—	638
2-day RSI (the Connors rule)	29.3%	227.3%	-5.2%	-10.0%	—	461
Bounce off the lower Bollinger band	24.1%	227.3%	-5.4%	-10.2%	—	172
Ichimoku: buy above the cloud	12.8%	227.3%	-5.9%	-10.7%	—	226
Stochastic: oversold cross (14, 3)	4.3%	227.3%	-6.3%	-11.1%	—	243
ICT / Smart Money: the order block	-1.9%	227.3%	-6.7%	-11.5%	—	4
ICT / Smart Money: the fair value gap	-6.2%	227.3%	-6.9%	-11.7%	—	114
Smart Money: the liquidity sweep	-22.9%	227.3%	-8.0%	-12.7%	—	82
Heikin Ashi: follow the coloured candles	-27.9%	227.3%	-8.3%	-13.1%	—	1186
The MACD cross (12/26/9)	-28.3%	227.3%	-8.3%	-13.1%	—	369
ADX: trade only in strong trends	-50.6%	227.3%	-10.3%	-15.1%	—	590

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