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Finaxion Research · INCY

Which strategy works on INCY?

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

Findings

On INCY, 0 of 20 famous strategies beat buy-and-hold on daily bars, and 0 of them hold out of sample. The best is Only invest above the 200-day average: -1.6 points a year over buying and holding INCY. The worst is Smart Money: the liquidity sweep: -15.2 points a year against buy-and-hold.

  1. On INCY, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is Only invest above the 200-day average: -1.6 points a year over buying and holding INCY.
  3. The worst is Smart Money: the liquidity sweep: -15.2 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
Only invest above the 200-day average×42×66-1.6%+1.1%overfit239
ADX: trade only in strong trends×32×66-2.4%+0.2%overfit979
The MACD cross (12/26/9)×31×66-2.5%+0.2%partly581
Parabolic SAR: follow the dots×23×66-3.6%-0.9%overfit689
Ichimoku: buy above the cloud×20×66-4.1%-1.4%overfit369
RSI 14: buy oversold (30/70)×13×66-5.5%-2.9%partly66
Kaufman’s adaptive moving average (KAMA)×12×66-5.8%-3.1%overfit1185
The Turtles: 55-day breakout942.8%×66-6.2%-3.5%overfit121
“Sell in May and go away”869.7%×66-6.4%-3.7%—65
The golden cross (50/200)843.0%×66-6.5%-3.8%overfit49
2-day RSI (the Connors rule)336.3%×66-9.0%-6.3%partly788
Heikin Ashi: follow the coloured candles273.6%×66-9.5%-6.8%partly2100
Bounce off the lower Bollinger band193.6%×66-10.3%-7.6%overfit260
Stochastic: oversold cross (14, 3)134.4%×66-11.0%-8.3%overfit436
ICT / Smart Money: the fair value gap77.2%×66-11.8%-9.2%overfit240
Upper Bollinger band breakout17.6%×66-13.1%-10.4%overfit522
Supertrend: the line that changes colour11.8%×66-13.3%-10.6%overfit63
ICT / Smart Money: the order block-1.6%×66-13.7%-11.0%—6
Wyckoff: buying the accumulation-27.8%×66-14.6%-11.9%overfit233
Smart Money: the liquidity sweep-41.8%×66-15.2%-12.6%overfit112

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