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Finaxion Research · GM

Which strategy works on GM?

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

Findings

On GM, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is 2-day RSI (the Connors rule): -2.0 points a year over buying and holding GM. The worst is Heikin Ashi: follow the coloured candles: -14.6 points a year against buy-and-hold.

  1. On GM, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is 2-day RSI (the Connors rule): -2.0 points a year over buying and holding GM.
  3. The worst is Heikin Ashi: follow the coloured candles: -14.6 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
2-day RSI (the Connors rule)153.1%240.1%-2.0%-8.4%—406
The golden cross (50/200)96.4%240.1%-3.7%-10.1%—29
Ichimoku: buy above the cloud90.4%240.1%-3.9%-10.3%—175
The MACD cross (12/26/9)70.0%240.1%-4.6%-11.1%—310
Bounce off the lower Bollinger band65.8%240.1%-4.8%-11.2%—146
Parabolic SAR: follow the dots62.9%240.1%-4.9%-11.3%—340
RSI 14: buy oversold (30/70)59.3%240.1%-5.1%-11.5%—32
Stochastic: oversold cross (14, 3)47.1%240.1%-5.6%-12.0%—211
ICT / Smart Money: the fair value gap39.7%240.1%-5.9%-12.3%—132
Smart Money: the liquidity sweep8.2%240.1%-7.6%-14.0%—38
Kaufman’s adaptive moving average (KAMA)7.4%240.1%-7.6%-14.0%—563
ICT / Smart Money: the order block4.3%240.1%-7.8%-14.2%—6
“Sell in May and go away”-1.5%240.1%-8.2%-14.6%overfit31
Only invest above the 200-day average-7.5%240.1%-8.6%-15.0%—139
Upper Bollinger band breakout-20.2%240.1%-9.5%-15.9%—232
Supertrend: the line that changes colour-28.9%240.1%-10.2%-16.6%—33
ADX: trade only in strong trends-34.4%240.1%-10.7%-17.1%—533
Wyckoff: buying the accumulation-37.7%240.1%-11.0%-17.4%—123
The Turtles: 55-day breakout-41.4%240.1%-11.4%-17.8%—69
Heikin Ashi: follow the coloured candles-65.6%240.1%-14.6%-21.0%—1059

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