The best indicator for CAD/JPY
We backtested 382 indicators across daily, weekly and hourly charts on real CAD/JPY history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Fisher Transform
On the daily chart, this is the strongest risk-adjusted edge we found for CAD/JPY over ~22.5 years — beating buy-and-hold by 8.4% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for CAD/JPY — beating buy-and-hold by 5.2% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | Fisher Transform ✓ | Daily | 9.8% | 1.13 | -25.9% | 36.0% | 550 | 8.4% |
| 2 | Parabolic SAR (fast) ✓ | Daily | 8.6% | 1.03 | -35.2% | 37.6% | 410 | 7.2% |
| 3 | DMI Direction ✓ | Daily | 6.7% | 0.92 | -26.4% | 29.8% | 258 | 5.3% |
| 4 | Parabolic SAR ✓ | Daily | 6.3% | 0.77 | -38.9% | 41.7% | 252 | 4.9% |
| 5 | Impulse MACD ✓ | Daily | 4.0% | 0.74 | -20.9% | 30.0% | 323 | 2.5% |
| 6 | DeMarker (7) ✓ | Daily | 5.5% | 0.7 | -40.3% | 36.1% | 421 | 4.1% |
| 7 | SMC: Fair Value Gap ✓ | Daily | 5.3% | 0.66 | -29.2% | 37.2% | 274 | 3.9% |
| 8 | Woodies CCI ✓ | Daily | 4.3% | 0.61 | -35.5% | 36.8% | 478 | 2.9% |
| 9 | Fisher Center-of-Gravity ✓ | Daily | 4.0% | 0.6 | -25.1% | 43.0% | 582 | 2.6% |
| 10 | DeMarker (21) ✓ | Daily | 4.0% | 0.55 | -17.0% | 36.5% | 233 | 2.6% |
| 11 | Vortex (7) ✓ | Daily | 4.3% | 0.55 | -33.1% | 34.6% | 408 | 2.9% |
| 12 | DeMarker (14) ✓ | Daily | 4.0% | 0.54 | -34.7% | 32.7% | 294 | 2.6% |
| 13 | CCI (14) ✓ | Daily | 3.9% | 0.5 | -33.0% | 34.3% | 353 | 2.5% |
| 14 | ADXR ✓ | Daily | 2.3% | 0.45 | -20.4% | 31.5% | 143 | 0.9% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For CAD/JPY, Fisher Transform on the daily timeframe gave the best balance of return and risk in our test. It beat buy-and-hold — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
More forex
Get alerted when CAD/JPY’s signal flips
We track CAD/JPY daily. Its backtested best indicator, Fisher Transform (Daily), is flat right now — we'll email you the moment that changes. Free, no spam, unsubscribe any time.