The best indicator for Freeport-McMoRan (FCX)
We backtested 20 indicators across daily, weekly and hourly charts on real Freeport-McMoRan (FCX) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
EMA 20/50 Cross
On the daily chart, this is the strongest risk-adjusted edge we found for Freeport-McMoRan (FCX) over ~30.9 years — beating buy-and-hold by 3.5% CAGR.
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 | EMA 20/50 Cross ✓ | Daily | 11.1% | 0.49 | -61.8% | 35.2% | 71 | 3.5% |
| 2 | EMA-10 Trend ✓ | Weekly | 9.5% | 0.44 | -63.1% | 44.4% | 142 | 2.1% |
| 3 | Rate of Change ✓ | Daily | 9.0% | 0.42 | -67.4% | 45.9% | 449 | 1.4% |
| 4 | Heikin-Ashi Trend ✓ | Weekly | 8.3% | 0.4 | -76.4% | 46.0% | 289 | 0.9% |
| 5 | RSI Trend (>50) ✓ | Weekly | 6.8% | 0.37 | -59.4% | 43.0% | 86 | -0.6% |
| 6 | Donchian Midline ✓ | Weekly | 6.9% | 0.37 | -66.2% | 46.5% | 86 | -0.5% |
| 7 | RSI Trend (>50) ✓ | Daily | 6.7% | 0.36 | -74.8% | 42.1% | 420 | -1.0% |
| 8 | MACD ✓ | Daily | 6.5% | 0.35 | -80.2% | 46.3% | 307 | -1.1% |
| 9 | CCI ✓ | Weekly | 6.3% | 0.35 | -72.3% | 82.4% | 34 | -1.1% |
| 10 | MACD ✓ | Weekly | 6.1% | 0.34 | -79.0% | 45.5% | 66 | -1.2% |
| 11 | Rate of Change ✓ | Weekly | 5.5% | 0.33 | -67.5% | 40.2% | 102 | -1.9% |
| 12 | Donchian Midline ✓ | Daily | 5.1% | 0.32 | -74.6% | 44.4% | 421 | -2.6% |
| 13 | WaveTrend (8/6/4) ✓ | Weekly | 5.3% | 0.32 | -81.7% | 77.8% | 27 | -2.1% |
| 14 | Money Flow Index ✓ | Daily | 4.6% | 0.31 | -88.7% | 66.7% | 30 | -3.1% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Freeport-McMoRan (FCX), EMA 20/50 Cross 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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