ASSET NAME: The TJX Companies, Inc.
This strategy has been successful and, as can be seen from the chart, has largely replicated past results over the course of the trading period, with a very noticeable seasonal trend.
Backtesting with 15 years of history with these results:
– 10 Win with Take Profit +7% (5 in the last 5 years)
– 2 Win with strategy’s exit dates
– 1 Neutral
– 2 Loss
Using 3x leverage the profit would have been 21%.
Remember to always use leverage with caution.
The 2018 trend has more correlations with the current one, with a clearly visible similarity over the trading period.
Conclusion
The strategy was presented with some very good seasonal indicators, the result replicates very well that of the past years, which is all we set out to achieve.
We always recommend you follow the evolution of the trend, its corrections or inversions that could give different indications than those we expect. Pay attention by checking the behavior of prices in the period preceding the entry date.
Notes
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Once a week comes you can participate in the free, closed-number, webinar that explains how to trade simple seasonal strategies with the help of Sayseason. Feel free to contact us here to get more information.
Disclaimer
Past results and strategies published on Sayseason are provided for informational purposes only and are therefore not indicative and do not guarantee future results.