The best indicator for EUR/CAD
We backtested 382 indicators across daily, weekly and hourly charts on real EUR/CAD history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Where EUR/CAD stands
Computed from our own daily OHLCV history, not quoted from a third party. Moving averages use closing prices; "52-week" is the last 252 trading sessions.
Fisher Transform
On the daily chart, this is the strongest risk-adjusted edge we found for EUR/CAD over ~23.2 years — beating buy-and-hold by 4.0% CAGR.
EUR/CAD on the daily chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
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Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for EUR/CAD — beating buy-and-hold by 3.8% 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 | 4.1% | 0.67 | -35.4% | 31.6% | 570 | 4.0% |
| 2 | Parabolic SAR (fast) ✓ | Daily | 3.3% | 0.56 | -32.7% | 32.7% | 450 | 3.2% |
| 3 | DMI Direction ✓ | Daily | 3.4% | 0.55 | -22.6% | 25.6% | 281 | 3.3% |
| 4 | Parabolic SAR ✓ | Daily | 3.0% | 0.51 | -24.7% | 30.2% | 278 | 2.9% |
| 5 | ADX / DMI ✓ | Daily | 1.5% | 0.31 | -16.2% | 30.0% | 130 | 1.3% |
| 6 | Choppiness Index ✓ | Daily | 0.6% | 0.31 | -9.4% | 38.2% | 34 | 0.4% |
| 7 | DeMarker (7) ✓ | Daily | 1.7% | 0.31 | -39.6% | 31.3% | 450 | 1.6% |
| 8 | ADXR ✓ | Daily | 1.4% | 0.3 | -19.9% | 32.5% | 151 | 1.3% |
| 9 | WaveTrend (8/6/4) ✓ | Daily | 1.5% | 0.28 | -21.6% | 76.3% | 93 | 1.4% |
| 10 | DeMarker (14) ✓ | Daily | 1.6% | 0.28 | -21.2% | 30.4% | 309 | 1.4% |
| 11 | Vortex (7) ✓ | Daily | 1.4% | 0.26 | -33.1% | 30.6% | 444 | 1.3% |
| 12 | DeMarker (21) ✓ | Daily | 1.4% | 0.25 | -19.9% | 29.6% | 247 | 1.2% |
| 13 | Pivot Points (Standard) ✓ | Weekly | 1.2% | 0.25 | -14.8% | 49.7% | 171 | 1.2% |
| 14 | Ehlers Roofing Filter ✓ | Weekly | 1.3% | 0.24 | -14.3% | 57.1% | 21 | 1.2% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on EUR/CAD
21 of 552 tested setups beat buy-and-hold on EUR/CAD outright. Another 68 could get there with leverage they would survive — but 9 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| DeMarker (21) | 1 | 1.3× | 15.76× |
| Projection Bands | 1 | 1.62× | 13.37× |
| DMI Direction | 1 | 4.33× | 14.52× |
| ADX / DMI | 1 | none needed | 15.38× |
| Williams %R | 1 | none needed | 11.9× |
| WaveTrend (8/6/4) | 1 | none needed | 16.39× |
Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way
For EUR/CAD, 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.
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