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Finaxion Research · EME

Which strategy works on EME?

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

Findings

On EME, 0 of 20 famous strategies beat buy-and-hold on daily bars, and 0 of them hold out of sample. The best is "Sell in May and go away" at -6.3 points a year over buying and holding EME, while the worst is Upper Bollinger band breakout at -23.6 points a year against buy-and-hold.

  1. On EME, 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”: -6.3 points a year over buying and holding EME.
  3. The worst is Upper Bollinger band breakout: -23.6 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”×112×593-6.3%+4.9%overfit63
The golden cross (50/200)×94×593-6.9%+4.3%overfit45
Only invest above the 200-day average×29×593-11.1%+0.0%overfit261
Parabolic SAR: follow the dots×19×593-12.6%-1.5%overfit678
The MACD cross (12/26/9)×18×593-12.8%-1.6%overfit628
Kaufman’s adaptive moving average (KAMA)×15×593-13.5%-2.3%overfit1126
ADX: trade only in strong trends×14×593-13.7%-2.5%overfit1048
Wyckoff: buying the accumulation×12×593-14.1%-3.0%overfit170
RSI 14: buy oversold (30/70)×11×593-14.5%-3.3%partly49
The Turtles: 55-day breakout853.1%×593-15.0%-3.8%overfit134
Ichimoku: buy above the cloud744.4%×593-15.4%-4.2%overfit462
Supertrend: the line that changes colour636.4%×593-15.8%-4.7%overfit77
Stochastic: oversold cross (14, 3)610.0%×593-16.0%-4.8%overfit433
Heikin Ashi: follow the coloured candles479.6%×593-16.6%-5.5%overfit2159
Bounce off the lower Bollinger band53.0%×593-21.0%-9.8%overfit232
ICT / Smart Money: the order block3.5%×593-22.3%-11.1%8
ICT / Smart Money: the fair value gap1.2%×593-22.3%-11.2%overfit312
2-day RSI (the Connors rule)-7.4%×593-22.6%-11.4%overfit726
Smart Money: the liquidity sweep-26.4%×593-23.3%-12.2%overfit84
Upper Bollinger band breakout-32.4%×593-23.6%-12.4%overfit512

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.