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Finaxion Research · ELV

Which strategy works on ELV?

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

Findings

On ELV, 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": -0.1 points a year over buying and holding ELV. The worst is Upper Bollinger band breakout: -16.1 points a year against buy-and-hold.

  1. On ELV, 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”: -0.1 points a year over buying and holding ELV.
  3. The worst is Upper Bollinger band breakout: -16.1 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
“Sell in May and go away”×24×24-0.1%+3.3%50
RSI 14: buy oversold (30/70)770.5%×24-4.6%-1.1%overfit54
Wyckoff: buying the accumulation389.1%×24-7.1%-3.6%overfit145
Only invest above the 200-day average340.5%×24-7.5%-4.1%overfit199
The golden cross (50/200)273.7%×24-8.2%-4.8%overfit37
Stochastic: oversold cross (14, 3)238.5%×24-8.7%-5.2%overfit354
Ichimoku: buy above the cloud136.2%×24-10.2%-6.7%overfit334
Parabolic SAR: follow the dots103.2%×24-10.8%-7.4%overfit554
ADX: trade only in strong trends89.3%×24-11.1%-7.6%overfit805
Kaufman’s adaptive moving average (KAMA)66.5%×24-11.6%-8.2%overfit919
The MACD cross (12/26/9)62.2%×24-11.7%-8.3%overfit519
Bounce off the lower Bollinger band47.0%×24-12.1%-8.7%overfit202
2-day RSI (the Connors rule)29.4%×24-12.6%-9.2%overfit554
ICT / Smart Money: the order block-0.4%×24-13.7%-10.3%4
The Turtles: 55-day breakout-3.6%×24-13.8%-10.4%overfit106
ICT / Smart Money: the fair value gap-9.6%×24-14.1%-10.7%overfit196
Supertrend: the line that changes colour-14.1%×24-14.3%-10.9%overfit45
Heikin Ashi: follow the coloured candles-17.4%×24-14.5%-11.0%overfit1636
Smart Money: the liquidity sweep-28.2%×24-15.0%-11.6%overfit72
Upper Bollinger band breakout-45.0%×24-16.1%-12.6%overfit410

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