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Finaxion Research · HPE

Which strategy works on HPE?

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

Findings

On HPE, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is RSI 14: buy oversold (30/70): -4.2 points a year over buying and holding HPE. The worst is 2-day RSI (the Connors rule): -24.2 points a year against buy-and-hold.

  1. On HPE, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is RSI 14: buy oversold (30/70): -4.2 points a year over buying and holding HPE.
  3. The worst is 2-day RSI (the Connors rule): -24.2 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
RSI 14: buy oversold (30/70)391.5%625.0%-4.2%+1.0%—26
Parabolic SAR: follow the dots354.2%625.0%-5.0%+0.1%—240
The MACD cross (12/26/9)277.7%625.0%-7.0%-1.8%—208
Wyckoff: buying the accumulation193.0%625.0%-9.6%-4.4%—61
Kaufman’s adaptive moving average (KAMA)170.0%625.0%-10.4%-5.3%—382
ADX: trade only in strong trends169.3%625.0%-10.4%-5.3%—328
Supertrend: the line that changes colour166.7%625.0%-10.5%-5.4%—25
“Sell in May and go away”134.2%625.0%-11.8%-6.7%—22
Stochastic: oversold cross (14, 3)122.7%625.0%-12.3%-7.2%—159
Ichimoku: buy above the cloud107.6%625.0%-13.0%-7.9%—169
The golden cross (50/200)105.4%625.0%-13.1%-8.0%—19
Heikin Ashi: follow the coloured candles66.8%625.0%-15.2%-10.0%—714
Only invest above the 200-day average60.5%625.0%-15.5%-10.4%—111
Bounce off the lower Bollinger band39.8%625.0%-16.9%-11.7%—90
Smart Money: the liquidity sweep34.4%625.0%-17.2%-12.1%—32
Upper Bollinger band breakout15.7%625.0%-18.6%-13.5%—164
The Turtles: 55-day breakout-1.8%625.0%-20.2%-15.0%—54
ICT / Smart Money: the fair value gap-3.7%625.0%-20.3%-15.2%—84
ICT / Smart Money: the order block-4.5%625.0%-20.4%-15.3%—4
2-day RSI (the Connors rule)-37.1%625.0%-24.2%-19.0%—252

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