Sell in May

[Kodiak 42]

This year with the rally since christmas seems to be a sell in May year? 😋

Did some backtest on Italy 40 (for fun) daily timeframe

Best result for short only last 10 year month 5 to 7

 

Edited April 13 by Kodiak

[Kodiak 42]

The code 

For long only change

SELLSHORT to BUY

EXITSHORT to SELL

[Kodiak 42]

And its with Prorealtime

[Kodiak 42]

Something like this

 

DEFPARAM CumulateOrders=False

IF MONTH = 5 THEN
 
SELLSHORT 1 CONTRACT AT MARKET

ENDIF
 
IF MONTH = 7 THEN
 
EXITSHORT  AT MARKET
 
ENDIF

[Kodiak 42]

Weekly candlevolume

"Low" volume so far (only Thursday) 

 

[Caseynotes 1,096]

Interesting but it is Italy after all, they'd go on holiday even if there was a war on, what's the story for US and UK?

[Kodiak 42]

On 09/05/2019 at 11:15, Caseynotes said:

Interesting but it is Italy after all, they'd go on holiday even if there was a war on, what's the story for US and UK?

Its not as "good" as Italy

It depends on the performance before May  

 

[Kodiak 42]

DAX seems to be a "sell in June" 

Last 5 years are all winners (sell last May and close last june)

20 years only 65% winners

Remember this is only 1 month short in a bullmarket most of the time

 

Edited May 26 by Kodiak

[Kodiak 42]

Another picture of DAX 

and the Head & Shoulder on DOW (daily),( any trump tweets that can send this one down the neckline😏)

Edited May 26 by Kodiak

[TrendFollower 510]

@Kodiak,

I think it depends on what assets you look at. One could argue that May has been an excellent month for Cryptocurrencies this year. Bonds have performed rather well too in May. 

I am not a big fan on any particular month and whether one should buy or sell in it. I think you just take each asset and the price action and decide whether to 'Short' or go 'Long. If there is any merit in this selling in May notion and people believe this then they would know what to do. Short those assets in May and profit, right?

[Kodiak 42]

Trump back from Japan? 😏

[dmedin 131]

He's tariff-drunk, like a drunkard out of control ...

[Caseynotes 1,096]