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Finaxion Research · NTAP

Which strategy works on NTAP?

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

Findings

On NTAP, 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, at -1.1 points a year over buying and holding NTAP, while the worst is Bounce off the lower Bollinger band, at -22.0 points a year against buy-and-hold.

  1. On NTAP, 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: -1.1 points a year over buying and holding NTAP.
  3. The worst is Bounce off the lower Bollinger band: -22.0 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×147×198-1.1%+7.1%partly183
The golden cross (50/200)×93×198-2.8%+5.4%overfit35
Wyckoff: buying the accumulation×74×198-3.7%+4.5%overfit194
ADX: trade only in strong trends×47×198-5.4%+2.8%overfit948
Parabolic SAR: follow the dots×37×198-6.2%+2.0%overfit676
The Turtles: 55-day breakout×29×198-7.2%+1.1%partly123
Ichimoku: buy above the cloud×24×198-7.8%+0.4%partly415
“Sell in May and go away”812.1%×198-11.3%-3.1%overfit61
The MACD cross (12/26/9)781.9%×198-11.4%-3.2%overfit600
Kaufman’s adaptive moving average (KAMA)532.7%×198-12.5%-4.3%partly1146
Supertrend: the line that changes colour453.1%×198-13.0%-4.8%overfit47
Heikin Ashi: follow the coloured candles285.1%×198-14.2%-6.0%partly1963
ICT / Smart Money: the fair value gap229.4%×198-14.8%-6.6%overfit218
Smart Money: the liquidity sweep7.4%×198-18.5%-10.3%overfit122
ICT / Smart Money: the order block0.2%×198-18.7%-10.5%10
Stochastic: oversold cross (14, 3)-3.6%×198-18.9%-10.6%overfit423
RSI 14: buy oversold (30/70)-7.3%×198-19.0%-10.8%overfit50
2-day RSI (the Connors rule)-15.4%×198-19.3%-11.1%overfit678
Upper Bollinger band breakout-63.9%×198-22.0%-13.8%overfit494
Bounce off the lower Bollinger band-64.4%×198-22.0%-13.8%overfit248

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