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Finaxion Research · GPN

Which strategy works on GPN?

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

Findings

On GPN, 0 of 20 famous strategies beat buy-and-hold on daily bars, and 0 of them hold out of sample. The best is Stochastic: oversold cross (14, 3) at -4.0 points a year over buying and holding GPN, while the worst is Heikin Ashi: follow the coloured candles at -16.5 points a year against buy-and-hold.

  1. On GPN, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is Stochastic: oversold cross (14, 3): -4.0 points a year over buying and holding GPN.
  3. The worst is Heikin Ashi: follow the coloured candles: -16.5 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
Stochastic: oversold cross (14, 3)951.0%×27-4.0%+0.6%partly352
2-day RSI (the Connors rule)597.9%×27-5.8%-1.1%580
RSI 14: buy oversold (30/70)537.5%×27-6.2%-1.5%overfit44
“Sell in May and go away”473.4%×27-6.6%-2.0%51
Only invest above the 200-day average464.1%×27-6.7%-2.0%overfit201
The golden cross (50/200)333.7%×27-7.8%-3.1%overfit35
The Turtles: 55-day breakout243.2%×27-8.7%-4.1%overfit101
Bounce off the lower Bollinger band236.3%×27-8.8%-4.2%overfit222
Ichimoku: buy above the cloud126.2%×27-10.4%-5.8%overfit321
Supertrend: the line that changes colour99.4%×27-10.9%-6.3%overfit47
Parabolic SAR: follow the dots72.5%×27-11.5%-6.9%overfit563
Smart Money: the liquidity sweep41.9%×27-12.3%-7.6%overfit76
ICT / Smart Money: the fair value gap41.8%×27-12.3%-7.6%overfit194
Wyckoff: buying the accumulation14.5%×27-13.1%-8.5%overfit170
ICT / Smart Money: the order block8.1%×27-13.4%-8.7%overfit12
Kaufman’s adaptive moving average (KAMA)-15.6%×27-14.3%-9.7%overfit891
ADX: trade only in strong trends-38.2%×27-15.5%-10.9%overfit811
Upper Bollinger band breakout-47.2%×27-16.1%-11.5%overfit394
The MACD cross (12/26/9)-47.5%×27-16.2%-11.5%overfit522
Heikin Ashi: follow the coloured candles-52.1%×27-16.5%-11.8%overfit1718

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