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Finaxion Research · WDAY

Which strategy works on WDAY?

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

Findings

On WDAY, 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: -5.7 points a year over buying and holding WDAY. The worst is the Turtles: 55-day breakout: -18.4 points a year against buy-and-hold.

  1. On WDAY, 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: -5.7 points a year over buying and holding WDAY.
  3. The worst is the Turtles: 55-day breakout: -18.4 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 colour95.0%305.5%-5.7%-9.9%—22
RSI 14: buy oversold (30/70)80.3%305.5%-6.3%-10.5%—26
Parabolic SAR: follow the dots78.7%305.5%-6.3%-10.5%—296
2-day RSI (the Connors rule)69.8%305.5%-6.7%-10.9%—318
Stochastic: oversold cross (14, 3)66.4%305.5%-6.9%-11.1%—184
The golden cross (50/200)41.1%305.5%-8.1%-12.3%—22
Bounce off the lower Bollinger band29.8%305.5%-8.7%-12.9%—118
Wyckoff: buying the accumulation16.9%305.5%-9.5%-13.7%—83
“Sell in May and go away”14.4%305.5%-9.6%-13.8%overfit28
Ichimoku: buy above the cloud13.2%305.5%-9.7%-13.9%—197
ICT / Smart Money: the order block0.4%305.5%-10.6%-14.8%—4
The MACD cross (12/26/9)-6.6%305.5%-11.1%-15.3%—294
Only invest above the 200-day average-13.1%305.5%-11.6%-15.8%—135
ICT / Smart Money: the fair value gap-16.6%305.5%-11.9%-16.1%—102
Smart Money: the liquidity sweep-18.5%305.5%-12.1%-16.3%—46
ADX: trade only in strong trends-23.2%305.5%-12.5%-16.7%—471
Heikin Ashi: follow the coloured candles-25.8%305.5%-12.7%-16.9%—907
Kaufman’s adaptive moving average (KAMA)-25.8%305.5%-12.7%-16.9%—515
Upper Bollinger band breakout-44.0%305.5%-14.7%-18.9%—204
The Turtles: 55-day breakout-67.6%305.5%-18.4%-22.6%—71

Finaxion is an analysis tool, not an investment adviser. This page is not a recommendation. Past performance does not guarantee future results. Prices and series: market data. Computations: Finaxion engine.