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Finaxion Research · PLD

Which strategy works on PLD?

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

Findings

On PLD, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is "Sell in May and go away": -2.7 points a year over buying and holding PLD. The worst is Parabolic SAR: follow the dots: -13.9 points a year against buy-and-hold.

  1. On PLD, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is “Sell in May and go away”: -2.7 points a year over buying and holding PLD.
  3. The worst is Parabolic SAR: follow the dots: -13.9 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
“Sell in May and go away”837.2%×19-2.7%-1.2%overfit57
RSI 14: buy oversold (30/70)602.4%×19-3.7%-2.3%52
Only invest above the 200-day average509.2%×19-4.2%-2.8%partly219
The golden cross (50/200)314.8%×19-5.7%-4.2%overfit47
Stochastic: oversold cross (14, 3)138.9%×19-7.7%-6.2%overfit400
The Turtles: 55-day breakout136.2%×19-7.7%-6.3%overfit119
Bounce off the lower Bollinger band117.2%×19-8.0%-6.6%overfit218
Ichimoku: buy above the cloud107.8%×19-8.2%-6.7%overfit416
Wyckoff: buying the accumulation96.4%×19-8.4%-6.9%overfit139
2-day RSI (the Connors rule)64.0%×19-9.0%-7.6%overfit626
ICT / Smart Money: the fair value gap-1.6%×19-10.8%-9.4%overfit214
ICT / Smart Money: the order block-1.8%×19-10.8%-9.4%overfit12
Smart Money: the liquidity sweep-9.9%×19-11.1%-9.7%overfit98
The MACD cross (12/26/9)-14.6%×19-11.3%-9.9%overfit619
Supertrend: the line that changes colour-26.7%×19-11.8%-10.4%overfit41
Kaufman’s adaptive moving average (KAMA)-37.6%×19-12.4%-10.9%overfit988
ADX: trade only in strong trends-41.3%×19-12.6%-11.2%overfit945
Heikin Ashi: follow the coloured candles-49.5%×19-13.1%-11.7%overfit1838
Upper Bollinger band breakout-55.2%×19-13.5%-12.1%overfit508
Parabolic SAR: follow the dots-60.3%×19-13.9%-12.5%overfit677

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