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Finaxion Research · MCHP

Which strategy works on MCHP?

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

Findings

On MCHP, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is Stochastic: oversold cross (14, 3): -0.8 points a year over buying and holding MCHP. The worst is Heikin Ashi: follow the coloured candles: -31.1 points a year against buy-and-hold.

  1. On MCHP, 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): -0.8 points a year over buying and holding MCHP.
  3. The worst is Heikin Ashi: follow the coloured candles: -31.1 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)×334×421-0.8%+8.2%partly489
RSI 14: buy oversold (30/70)×98×421-5.1%+3.9%partly58
Bounce off the lower Bollinger band×88×421-5.4%+3.5%partly312
2-day RSI (the Connors rule)×64×421-6.5%+2.5%partly806
Wyckoff: buying the accumulation×24×421-9.8%-0.8%overfit220
“Sell in May and go away”×20×421-10.5%-1.5%67
The golden cross (50/200)523.1%×421-14.2%-5.2%partly51
Supertrend: the line that changes colour154.2%×421-17.0%-8.0%overfit43
Parabolic SAR: follow the dots70.4%×421-18.2%-9.2%overfit768
Ichimoku: buy above the cloud27.6%×421-19.1%-10.1%overfit526
Only invest above the 200-day average1.8%×421-19.7%-10.8%overfit300
ADX: trade only in strong trends0.2%×421-19.8%-10.8%overfit1072
ICT / Smart Money: the order block-1.8%×421-19.8%-10.8%6
Smart Money: the liquidity sweep-4.2%×421-19.9%-10.9%overfit126
ICT / Smart Money: the fair value gap-7.8%×421-20.0%-11.0%overfit258
The Turtles: 55-day breakout-9.3%×421-20.1%-11.1%overfit146
The MACD cross (12/26/9)-33.4%×421-21.0%-12.0%overfit700
Kaufman’s adaptive moving average (KAMA)-77.2%×421-24.1%-15.1%overfit1226
Upper Bollinger band breakout-86.3%×421-25.6%-16.6%overfit528
Heikin Ashi: follow the coloured candles-98.2%×421-31.1%-22.1%overfit2342

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