The best indicator for Metals & Mining
We backtested 382 indicators across daily, weekly and hourly charts on real Metals & Mining history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Metals & Mining 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.
Hammer
On the weekly chart, this is the strongest risk-adjusted edge we found for Metals & Mining over ~20.4 years — beating buy-and-hold by 0.3% CAGR.
Metals & Mining on the weekly 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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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 | Hammer ✓ | Weekly | 5.8% | 0.57 | -18.2% | 45.8% | 24 | 0.3% |
| 2 | Chaikin Volatility ✓ | Weekly | 8.8% | 0.56 | -28.9% | 60.0% | 60 | 3.3% |
| 3 | McGinley Dynamic ✓ | Weekly | 12.5% | 0.55 | -50.3% | 29.7% | 37 | 7.0% |
| 4 | CCI (100) ✓ | Daily | 10.7% | 0.54 | -44.9% | 41.4% | 87 | 5.2% |
| 5 | Chande Momentum Osc. ✓ | Weekly | 10.4% | 0.53 | -34.9% | 43.7% | 71 | 4.9% |
| 6 | Elder Ray (Bull/Bear Power) ✓ | Weekly | 9.6% | 0.53 | -41.7% | 53.0% | 66 | 4.2% |
| 7 | Chandelier Exit ✓ | Weekly | 11.2% | 0.53 | -56.7% | 41.7% | 36 | 5.7% |
| 8 | Ehlers Stochastic ✓ | Weekly | 10.5% | 0.53 | -39.9% | 50.0% | 26 | 5.1% |
| 9 | Vortex ✓ | Daily | 10.4% | 0.52 | -48.4% | 45.7% | 232 | 4.9% |
| 10 | Volume Flow Indicator ✓ | Daily | 9.3% | 0.52 | -41.9% | 31.2% | 48 | 3.8% |
| 11 | TSI (13,7) ✓ | Daily | 10.3% | 0.52 | -56.5% | 46.1% | 152 | 4.8% |
| 12 | Supertrend (7,2) ✓ | Daily | 10.2% | 0.52 | -56.4% | 43.0% | 128 | 4.7% |
| 13 | EMA 13/48 Cross ✓ | Daily | 10.0% | 0.51 | -34.9% | 45.6% | 57 | 4.5% |
| 14 | Ehlers TrendFlex ✓ | Weekly | 10.0% | 0.51 | -43.7% | 52.4% | 21 | 4.6% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Metals & Mining
0 of 620 tested setups beat buy-and-hold on Metals & Mining outright. Another 319 could get there with leverage they would survive — but 279 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Chande-Kroll Stop (fast) | — | 1.26× | 3.13× |
| QQE | — | 1.31× | 2.68× |
| Chandelier Exit | — | 1.38× | 3.67× |
| Chande Kroll Stop | — | 1.38× | 2.96× |
| Net Volume | — | 1.55× | 3.16× |
| Liquidity Flow Oscillator | — | 1.55× | 3.16× |
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 Metals & Mining, Hammer on the weekly 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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