Finaxion Research · PANW

Which strategy works on PANW?

On PANW, 0 of 19 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.

Findings

On PANW, 0 of 19 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is Only invest above the 200-day average: -10.3 points a year over buying and holding PANW. The worst is ICT / Smart Money: the fair value gap: -35.2 points a year against buy-and-hold.

On PANW, 0 of 19 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
The best is Only invest above the 200-day average: -10.3 points a year over buying and holding PANW.
The worst is ICT / Smart Money: the fair value gap: -35.2 points a year against buy-and-hold.

The 19 strategies, one by one

Strategy	Return	Buy and hold	Excess (pts/yr)	Vs. S&P 500 (pts/yr)	Out of sample	Trades
Only invest above the 200-day average	×13	×43	-10.3%	+5.3%	—	85
Supertrend: the line that changes colour	×13	×43	-10.9%	+4.7%	—	19
Stochastic: oversold cross (14, 3)	664.4%	×43	-15.0%	+0.6%	—	195
RSI 14: buy oversold (30/70)	635.0%	×43	-15.4%	+0.2%	—	32
Heikin Ashi: follow the coloured candles	476.7%	×43	-17.3%	-1.7%	—	895
Ichimoku: buy above the cloud	388.2%	×43	-18.7%	-3.0%	—	165
The MACD cross (12/26/9)	379.8%	×43	-18.8%	-3.2%	—	266
Kaufman’s adaptive moving average (KAMA)	375.7%	×43	-18.9%	-3.3%	—	469
The golden cross (50/200)	366.1%	×43	-19.0%	-3.4%	—	19
“Sell in May and go away”	287.5%	×43	-20.5%	-4.9%	overfit	28
Wyckoff: buying the accumulation	194.2%	×43	-22.6%	-7.0%	—	83
Bounce off the lower Bollinger band	161.2%	×43	-23.5%	-7.9%	—	106
Parabolic SAR: follow the dots	161.2%	×43	-23.5%	-7.9%	—	311
ADX: trade only in strong trends	148.5%	×43	-23.9%	-8.3%	—	441
The Turtles: 55-day breakout	122.8%	×43	-24.7%	-9.1%	—	61
2-day RSI (the Connors rule)	17.2%	×43	-29.5%	-13.8%	—	292
Upper Bollinger band breakout	12.8%	×43	-29.7%	-14.1%	—	218
Smart Money: the liquidity sweep	3.8%	×43	-30.3%	-14.7%	—	30
ICT / Smart Money: the fair value gap	-48.9%	×43	-35.2%	-19.6%	—	108

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