Original research · open data

We backtested 49 famous trading strategies with fees on. Almost none had an edge.

We coded 49 of the most-taught trading strategies to exact mechanical rules and ran 154 backtests — 127,817 trades across 4 markets — on real market data with trading costs on. 0 earned a verified edge; 5 were conditional. The rest don't beat their own costs.

49
Strategies tested
154
Backtests run
127,817
Total trades
4
Markets
0
Verified edges
5
Conditional

What we did

Every strategy here is coded to an exact, mechanical rule set — no discretion — and run bar by bar on a full year of real market data across Gold (PAXG), ETH, BTC, EUR (EURUSDT), with realistic trading costs turned on. Each one is then scored 0–100 by the Secuora Verification Score (SVS): a transparent measure of whether it has a real edge after costs, rewarding sample size, profit factor, drawdown control and how many markets it survives. The full method is published at /methodology.

The headline: the raw, unfiltered version of almost every famous setup — the one sold in a 10-minute video — does not clear the fee hurdle on its own. Where an edge exists, it usually lives in the filtering and instrument selection on top, not the entry trigger.

Every strategy, scored

StrategyCategorySVSProfit factorMarkets +TradesVerdict
100-bar high/low breakoutBreakout550.962/4678Conditional Edge
Break of structure (BOS)ICT / Smart Money550.962/4561Conditional Edge
Donchian 55 channel breakoutBreakout520.892/4962Conditional Edge
Inside-bar breakoutBreakout520.981/4398Conditional Edge
Market structure shift continuationICT / Smart Money490.921/4690Conditional Edge
Previous-day high/low breakBreakout450.960/2145Weak / Unverified
Donchian 20-bar breakoutBreakout390.880/2803Weak / Unverified
Fair value gap retrace (1H)ICT / Smart Money380.661/4341Weak / Unverified
Bullish/bearish engulfing reversalPrice Action360.761/41,235Weak / Unverified
Stochastic %K/%D crossMean Reversion340.810/21,015Weak / Unverified
Opening Range Breakout (NY, 30m)Breakout320.730/2820Weak / Unverified
Over-extension mean reversionMean Reversion320.730/2445Weak / Unverified
200 EMA bounce (trend + pullback)Trend / Momentum310.700/4664Weak / Unverified
Rate-of-change momentumTrend / Momentum310.700/2261Weak / Unverified
Bollinger squeeze breakoutBreakout290.790/21,010Weak / Unverified
EMA 20/50 trend crossTrend / Momentum290.670/4585Weak / Unverified
RSI(7) 20/80 reversionMean Reversion270.690/4951Weak / Unverified
Three-bar mean reversionMean Reversion260.720/42,227Weak / Unverified
Pin bar (hammer / shooting star) reversalPrice Action260.720/42,118Weak / Unverified
EMA 12/26 crossTrend / Momentum260.650/4916Weak / Unverified
EMA 50/200 golden crossTrend / Momentum260.590/2107Weak / Unverified
Donchian 20 channel breakoutBreakout250.710/46,159Weak / Unverified
Connors RSI(2) mean reversionMean Reversion250.710/42,342Weak / Unverified
RSI(14) 30/70 reversionMean Reversion250.630/4769Weak / Unverified
MACD zero-line cross (≡ EMA 12/26 cross)Trend / Momentum250.700/2559Weak / Unverified
MACD signal-line crossoverTrend / Momentum240.650/41,291No Edge
HTF trend + EMA pullbackTrend / Momentum240.680/21,252No Edge
ICT Silver Bullet (NY AM window)ICT / Smart Money240.480/4393No Edge
Bollinger band bounceMean Reversion230.660/42,856No Edge
RSI(14) mean reversion (30/70 cross)Mean Reversion230.670/22,674No Edge
Volume-spike breakoutBreakout220.650/43,832No Edge
London Session Breakout (08:00, 30m range)Breakout220.630/2917No Edge
8/21 EMA crossoverTrend / Momentum210.580/43,637No Edge
Fair value gap retraceICT / Smart Money210.600/41,274No Edge
Displacement into FVGICT / Smart Money210.420/41,217No Edge
Momentum scalping (1m displacement + breakout)Scalping200.180/226,786No Edge
VWAP bounceMean Reversion200.400/413,801No Edge
EMA 9/21 fast crossScalping200.450/412,437No Edge
Liquidity sweep reversalICT / Smart Money200.210/47,151No Edge
Liquidity sweep reversalICT / Smart Money200.260/26,631No Edge
VWAP trend (hold above/below)Trend / Momentum200.540/25,654No Edge
Displacement momentumICT / Smart Money200.570/42,490No Edge
FVG entry after 10:00 (NY)ICT / Smart Money200.430/22,232No Edge
Liquidity sweep reversal (1H)ICT / Smart Money200.350/41,986No Edge
Turtle Soup (intraday sweep of a deeper swing)ICT / Smart Money200.230/21,600No Edge
ICT Silver Bullet (relaxed: sweep + FVG, no same-candle MSS)ICT / Smart Money200.110/293No Edge
NY Opening Drive (displacement + breakout, 09:30–10:30)Breakout190.430/2568No Edge
Power Hour momentum (15:00–16:00 NY)Scalping190.390/2282No Edge
ICT Silver Bullet (AM)ICT / Smart Money180.000/22Insufficient Sample

SVS = Secuora Verification Score (0–100). Profit factor is gross profit ÷ gross loss, aggregated across markets, costs on. "Markets +" = markets where the strategy was net profitable.

Run your own strategy through the same engine

Write any strategy in plain English and Secuora backtests it bar by bar on real data with fees on — the same deterministic engine behind this study. Free to try, no card.