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Finaxion Research · SPG

Which strategy works on SPG?

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

Findings

On SPG, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is Supertrend: the line that changes colour: -1.6 points a year over buying and holding SPG. The worst is Heikin Ashi: follow the coloured candles: -17.3 points a year against buy-and-hold.

  1. On SPG, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is Supertrend: the line that changes colour: -1.6 points a year over buying and holding SPG.
  3. The worst is Heikin Ashi: follow the coloured candles: -17.3 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
Supertrend: the line that changes colour×34×54-1.6%+0.5%overfit41
The golden cross (50/200)×32×54-1.8%+0.3%partly37
“Sell in May and go away”×12×54-5.0%-2.9%65
Only invest above the 200-day average982.2%×54-5.4%-3.3%overfit273
RSI 14: buy oversold (30/70)369.6%×54-8.1%-6.0%overfit56
Ichimoku: buy above the cloud332.5%×54-8.4%-6.3%overfit442
The MACD cross (12/26/9)282.2%×54-8.8%-6.7%overfit634
Wyckoff: buying the accumulation208.0%×54-9.5%-7.4%overfit176
Bounce off the lower Bollinger band160.5%×54-10.0%-7.9%overfit256
The Turtles: 55-day breakout138.5%×54-10.3%-8.2%overfit146
Stochastic: oversold cross (14, 3)88.6%×54-11.0%-8.9%overfit431
Kaufman’s adaptive moving average (KAMA)84.6%×54-11.1%-9.0%overfit1212
ICT / Smart Money: the fair value gap49.2%×54-11.8%-9.7%overfit194
Smart Money: the liquidity sweep34.7%×54-12.1%-10.0%overfit102
Parabolic SAR: follow the dots29.4%×54-12.2%-10.1%overfit752
2-day RSI (the Connors rule)23.4%×54-12.3%-10.3%overfit707
ADX: trade only in strong trends9.1%×54-12.7%-10.6%overfit1022
ICT / Smart Money: the order block0.4%×54-13.0%-10.9%overfit22
Upper Bollinger band breakout-38.5%×54-14.5%-12.4%overfit580
Heikin Ashi: follow the coloured candles-76.6%×54-17.3%-15.2%overfit2140

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