No-lookahead backtests Free keyless data Benchmark-controlled Cost-modeled

Winning strategies,
verified honestly.

Deep-dive summaries of trading strategies that have been systematically backtested — with look-ahead bias prevention, significance testing, transaction costs, and a buy-and-hold benchmark control. Every page shows the full picture: what the strategy claims, what the data actually says, and whether it’s investable.

Documented strategies

One page per strategy: explanation, exact signal & filters, applicable markets, full results tables, cost sensitivity, and an honest verdict. New strategies are added as they complete validation.

PEAD — Post-Earnings Announcement Drift
Equities · Event-driven · Earnings surprise
Validated, not standalone

Buy US small/mid caps that beat consensus EPS by ≥10% and hold 90 trading days. The concordant reaction-day filter adds nothing; the real edge is surprise magnitude (+0.97pp/60d, p=0.0001) — but beta eats it in a realistic portfolio.

+70.5%
Best config · 8.6y
1.29
Profit factor
909
R2000 names
27.5k
Events
Read the full summary →
SD1H4H — Multi-TF Structure Bias
Equities/FX/Metals · Structure BOS-CHoCH
Validated on gold · weak elsewhere

1H BOS/CHoCH structure aligned with 4H bias + EMA50 filter across six markets. Gold: Tokyo-session filter and ATR stop lift net avg R 3–4×, all walk-forward confirmed. Silver/SPX cost-wiped; EUR/USD no edge.

+0.142
Gold net avg R
3/3
WF folds
6
Markets
2
Strategies
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GAMS — Cross-Asset Regime Research
Crypto/FX/Metals · Regime + value-area
2 Strong findings

18-wave forensic audit of an ex-hedge-fund 'real market edge' framework. Value-area fades complete more often on non-trending days (8/8 assets); reclaim-and-hold sized to daily VA is fee-viable on 6/6 crypto perps (+0.24R BTC / +0.49R ETH).

8/8
VA-fade regime effect
6/6
Crypto perps edge
+0.49R
ETH full-history
18
Audit waves
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Scalping Strategies — 4-Setup Suite
Bybit perps · Scalping/orderflow
Fades survive · continuation dies

Four scalping setups across 183 Bybit perps, net of taker fees + slippage. VWAP-deviation fade (+91,893R) and IVA break-in fade (+93,840R, 96.8% WR) survive costs; CVD-divergence fade and IVA breakout lose.

+93,840R
E4 IVA break-in
+91,893R
E8 VWAP fade
−31,816R
E3 breakout
183
Symbols
Read the full summary →
Scalping Research — Hypothesis Program
Bybit perps · Event-study research
Fades = edge · popular rules falsified

The research program behind the tradeable scalps: 383-perp event studies. Fade family wins (VWAP-fade +0.649 ATR), J1 sweep-reclaim validated wide, L5 crash-warning AUC 0.85. 80% Edge Rule and ITSM falsified; delta dislocation inverted.

+0.649
E8 1h fwd (ATR)
NULL
80% Edge Rule
0.85
L5 AUC
383
Perps
Read the full summary →
Royal FX — Macro FX Asset Screener
FX · Macro/fundamental screener
Live forward test · 44.8% WR

Keyless re-implementation of the Royal Trader FX Asset Screener: forecast-surprise + long-term scoring across 9 heatmaps and 28 pairs, COT, CB probabilities, retail sentiment, seasonality. Spreadsheet parity validated cell-by-cell.

2,847
Forward outcomes
44.8%
Signal WR
9+28
Heatmaps+pairs
0
Paid subs
Read the full summary →
VolProf — Volume Profile & the Daily Open
Bybit perps · Market profile
Popular theories falsified · small real effects

230 liquid perps, 90,283 days: open location relative to prior-day value area does NOT predict direction (theories falsified). Real signals: POC shape (+13/−13 bps) and London-session VA (+22 bps P-shape, p<0.0001).

+19 bps
Open below VAL
+22 bps
London P-shape
90,283
Days
230
Perps
Read the full summary →
ORB IVA — Opening Range + Value Area Factors
Bybit perps · ORB + orderflow
Headline stack confirmed · thin

12-month, 546-symbol ORB study. Unfiltered base is negative; short-only + vol/CVD confluence stack trades at +0.042 avg R (n=4,893), beats random-entry by +0.148 and buy-hold by +0.015, block-bootstrap confirmed.

+0.042
Headline avg R
+0.148
vs random entry
4
Confirmed factors
546
Symbols
Read the full summary →
Royal Turnover — Contrarian Fear/Greed
SPY/QQQ · Contrarian
Positive but tiny · 2y window

Composite −10..+10 fear/greed score from 5 indicators vs 200-EMA; buy max fear, exit greed. SPY +2.86%, QQQ +7.21% with controlled drawdown but low 10–15% win rate — modest vs buy & hold over the short test window.

+7.21%
QQQ total
0.70
SPY Sharpe
10.8%
SPY WR
5
Indicators
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FabORB — Valentini ORB on Crypto Perps
Bybit perps · Opening-range breakout
Edge does NOT transfer

Nasdaq ORB (30-min opening range, 1R target, delta filter) tested on 50 Bybit perps × 6 months: aggregate net −$4,234, only 9/50 profitable, walk-forward positive on 15/50. A clean negative transfer result.

−$4,234
Aggregate net
9/50
Profitable syms
15/50
WFO positive
54
Unit tests
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20-Day Breakout / 10-Day Trailing Stop
Multi-asset · Trend following
Strong on crypto + equities

Buy new 20-day highs/lows ranked by ATR-normalized strength, 10-day trailing stop, 5y × 4 asset classes net of 10bps. Crypto PF 3.84 net (100% MC profit), stocks PF 1.83; robust across all 30 parameter combos.

+9,588%
Crypto net 5y
3.84
Crypto net PF
×162
Compounded 1% risk
30/30
Params profitable
Read the full summary →
GoldAsia — Gold Asian-Range Breakout
Gold · Session breakout
Edge does NOT survive OOS

Quiet Asia range breaks at 01:00 NY with full-range stop. 2026 window: PF 1.79, +38.5R — but 6-year PAXG out-of-sample: PF 0.90, −220R, 5/7 years lose. The flattering window was a regime artifact.

0.90
Multi-year PF
−220R
Multi-year R
1.79
2026 window PF
9.8%
P(profit) MC
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Dima Ape — Dimaquant Breakouts on Bybit
Bybit perps · Breakout event study
Descriptive · pre-costs

Replication of Dimaquant's 'Do breakouts work in crypto?' on Bybit top-40: upside 20-day breakouts +76 bps next-day (payoff 1.42), downside −11.7 bps. Signal evidence only — no costs or significance tests.

+76 bps
Upside next-day
−11.7 bps
Downside next-day
1.42
Payoff ratio
5,197
Events
Read the full summary →
XSMOM — Cross-Sectional Momentum
Bybit perps · Cross-sectional momentum
PF 3.99 · fees NOT modelled

Rank top-50 Bybit perps by 30-day vol-normalized return; long top-5 (100d MA filter) / short bottom-5 (VNR ≤ −0.5), biweekly, 15% stops. Optimised: +$2,514, Sharpe 1.70 ann, 8.27:1 win/loss ratio.

3.99
Profit factor
+$2,514
Total P&L
1.70
Sharpe ann
11.3%
Max DD
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SPX VIX Royal — Down-Day Mean Reversion
S&P 500 · Event-driven reversion
Real edge · diversifier not builder

56-year replication of the Royal Trader SPX down-day strategy: buy at close on ≤−2% open-to-close days, hold 3–24 days. Every config wins >56% with PF >1.29; best config holds OOS (PF 3.05). Lags buy & hold massively.

56%+
WR all configs
PF 3.05
WF OOS (2%/24d)
+343%
Best config
56y
Test period
Read the full summary →
NewByPerp — Short New Listings
Bybit perps · Post-pump fade
Validated · low-frequency overlay

Short new Bybit perps after pump exhaustion (ATR contraction + below VWAP/EMA50 + >30% launch gain). +17.4% expectancy/trade, PF 2.73, 73.3% WR, 98.9% MC P(exp>0) — crypto-native only, ~2.5 trades/month.

+17.4%
Exp/trade
2.73
PF
98.9%
MC P(exp>0)
30
Trades
Read the full summary →

How every strategy is evaluated

A strategy earns its page here only after passing a fixed evidence pipeline. No cherry-picked windows, no survivorship-blind universes, no compounded-dollars fairy tales.

1 · No look-ahead

Point-in-time data only. Entry at the open of the session after the signal is known; consensus estimates verified pre-announcement; BMO/AMC timing honored.

2 · Benchmark control

Every long-only result is paired with an equal-weight buy-and-hold of the same universe. The differential vs baseline, not the compounded equity, is the signal.

3 · Significance

Welch t-tests, binomial win-rate tests, and p-values on the per-event differential. If p ≥ 0.05 the page says so.

4 · Real costs

Commission + slippage + market impact modeled at multiple round-trip cost levels (0–50bps). The cost at which the edge dies is reported.

5 · Two execution models

Sequential/fixed-fraction (upper bound) and concurrent portfolio with daily mark-to-market (real economics). Max-exposure capped.

6 · Survivorship guard

Universes built from point-in-time snapshots (e.g. Jan-2016 R2000) so delisted names are counted, not airbrushed.

7 · Verdict, not hype

Every page ends with an explicit “trade it / don’t / only as a tilt” verdict. Negative results are published as loudly as positive ones.

8 · Reproducible

Source repo, data build scripts, and config are linked from every page. Everything regenerable from free keyless sources.

Read the source

All backtest code, data build scripts, and raw result CSVs live in the jahrfm/strategy-summaries repo. Each strategy page links to its own evidence-producing research repo.

View on GitHub →