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, out-of-sample, with costs.
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 ~20.1 years — beating buy-and-hold by 0.7% 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 | 6.4% | 0.62 | -18.2% | 47.8% | 23 | 0.7% |
| 2 | McGinley Dynamic ✓ | Weekly | 12.7% | 0.56 | -50.5% | 27.8% | 36 | 7.0% |
| 3 | Chaikin Volatility ✓ | Weekly | 8.6% | 0.56 | -28.9% | 58.3% | 60 | 3.0% |
| 4 | Ehlers Stochastic ✓ | Weekly | 11.5% | 0.56 | -41.3% | 52.0% | 25 | 5.8% |
| 5 | Volume Flow Indicator ✓ | Daily | 10.1% | 0.55 | -41.9% | 32.6% | 46 | 4.3% |
| 6 | CCI (100) ✓ | Daily | 11.2% | 0.55 | -44.9% | 41.9% | 86 | 5.3% |
| 7 | Chande Momentum Osc. ✓ | Weekly | 11.0% | 0.55 | -35.8% | 44.3% | 70 | 5.3% |
| 8 | Elder Ray (Bull/Bear Power) ✓ | Weekly | 10.3% | 0.55 | -41.8% | 53.8% | 65 | 4.6% |
| 9 | Chandelier Exit ✓ | Weekly | 11.8% | 0.55 | -53.6% | 42.9% | 35 | 6.1% |
| 10 | EMA 13/48 Cross ✓ | Daily | 10.6% | 0.53 | -34.9% | 46.4% | 56 | 4.8% |
| 11 | Ehlers TrendFlex ✓ | Weekly | 10.8% | 0.53 | -43.3% | 55.0% | 20 | 5.1% |
| 12 | Three White Soldiers ✓ | Weekly | 8.8% | 0.53 | -51.6% | 56.6% | 53 | 3.1% |
| 13 | Lorentzian Classification ✓ | Weekly | 9.8% | 0.53 | -40.2% | 48.3% | 178 | 4.1% |
| 14 | Vortex ✓ | Daily | 10.4% | 0.52 | -48.4% | 45.7% | 230 | 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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