The best indicator for FirstEnergy (FE)
We backtested 382 indicators across daily, weekly and hourly charts on real FirstEnergy (FE) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Stochastic Fast (5,3)
On the weekly chart, this is the strongest risk-adjusted edge we found for FirstEnergy (FE) over ~28.7 years — trailing buy-and-hold by 0.4% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for FirstEnergy (FE) — trailing buy-and-hold by 2.0% 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 | Stochastic Fast (5,3) ✓ | Weekly | 6.4% | 0.46 | -47.9% | 51.3% | 189 | -0.4% |
| 2 | Intraday Momentum Index ✓ | Weekly | 5.0% | 0.45 | -38.2% | 93.3% | 15 | -1.7% |
| 3 | QQE ✓ | Daily | 7.1% | 0.41 | -42.9% | 42.5% | 428 | 0.2% |
| 4 | WMA 20/50 Cross ✓ | Weekly | 5.5% | 0.41 | -34.4% | 57.9% | 19 | -1.2% |
| 5 | Zero-Lag MACD ✓ | Weekly | 5.3% | 0.4 | -42.1% | 56.0% | 125 | -1.4% |
| 6 | Zero-Lag MACD ✓ | Weekly | 5.3% | 0.4 | -42.1% | 56.0% | 125 | -1.4% |
| 7 | WaveTrend (8/6/4) ✓ | Daily | 5.5% | 0.39 | -39.5% | 76.6% | 107 | -1.3% |
| 8 | Connors RSI ✓ | Weekly | 4.6% | 0.39 | -26.5% | 65.0% | 60 | -2.1% |
| 9 | VWAP Bands ✓ | Weekly | 3.8% | 0.39 | -27.5% | 77.8% | 18 | -3.0% |
| 10 | TRIX (15) ✓ | Weekly | 5.4% | 0.39 | -41.5% | 58.8% | 17 | -1.4% |
| 11 | Ehlers Roofing Filter ✓ | Weekly | 4.7% | 0.38 | -32.6% | 61.5% | 26 | -2.0% |
| 12 | Supertrend (7,3) ✓ | Weekly | 4.5% | 0.38 | -28.2% | 68.4% | 19 | -2.2% |
| 13 | RSI Mean-Reversion ✓ | Daily | 3.9% | 0.37 | -31.6% | 80.0% | 40 | -2.9% |
| 14 | Murrey Math Lines ✓ | Daily | 5.0% | 0.37 | -41.1% | 82.4% | 74 | -1.9% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For FirstEnergy (FE), Stochastic Fast (5,3) on the weekly timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — 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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