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Finaxion Research · EXR

Which strategy works on EXR?

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

Findings

On EXR, 0 of 20 famous strategies beat buy-and-hold on daily bars, and 0 of them hold out of sample. The best is the golden cross (50/200): -1.9 points a year over buying and holding EXR. The worst is Upper Bollinger band breakout: -19.3 points a year against buy-and-hold.

  1. On EXR, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is the golden cross (50/200): -1.9 points a year over buying and holding EXR.
  3. The worst is Upper Bollinger band breakout: -19.3 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
The golden cross (50/200)×19×28-1.9%+3.1%partly23
Only invest above the 200-day average×15×28-3.1%+1.9%overfit135
“Sell in May and go away”607.4%×28-7.0%-2.0%overfit44
Stochastic: oversold cross (14, 3)598.1%×28-7.1%-2.1%partly301
Wyckoff: buying the accumulation277.5%×28-10.1%-5.1%overfit110
ADX: trade only in strong trends259.6%×28-10.3%-5.3%partly656
RSI 14: buy oversold (30/70)257.6%×28-10.4%-5.4%35
Bounce off the lower Bollinger band213.6%×28-11.0%-6.0%overfit190
Kaufman’s adaptive moving average (KAMA)176.6%×28-11.6%-6.6%overfit772
Supertrend: the line that changes colour167.8%×28-11.7%-6.7%overfit36
Ichimoku: buy above the cloud158.1%×28-11.9%-6.9%overfit308
The MACD cross (12/26/9)132.2%×28-12.4%-7.4%overfit462
Parabolic SAR: follow the dots78.0%×28-13.7%-8.7%overfit512
2-day RSI (the Connors rule)61.2%×28-14.1%-9.1%overfit483
Heikin Ashi: follow the coloured candles53.3%×28-14.4%-9.4%overfit1422
The Turtles: 55-day breakout40.0%×28-14.8%-9.8%overfit100
Smart Money: the liquidity sweep2.9%×28-16.2%-11.2%overfit74
ICT / Smart Money: the order block0.4%×28-16.3%-11.3%overfit12
ICT / Smart Money: the fair value gap-4.4%×28-16.5%-11.5%overfit150
Upper Bollinger band breakout-49.2%×28-19.3%-14.3%overfit380

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