The best indicator for FirstEnergy (FE)
We backtested 20 indicators across daily, weekly and hourly charts on real FirstEnergy (FE) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
WaveTrend (8/6/4)
On the daily chart, this is the strongest risk-adjusted edge we found for FirstEnergy (FE) over ~28.5 years — trailing buy-and-hold by 1.3% 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 | WaveTrend (8/6/4) ✓ | Daily | 5.5% | 0.39 | -39.5% | 76.6% | 107 | -1.3% |
| 2 | RSI Mean-Reversion ✓ | Daily | 3.9% | 0.37 | -31.6% | 80.0% | 40 | -2.9% |
| 3 | CCI ✓ | Daily | 4.6% | 0.35 | -37.1% | 77.2% | 136 | -2.3% |
| 4 | Donchian Breakout ✓ | Weekly | 4.0% | 0.35 | -35.8% | 52.4% | 21 | -2.7% |
| 5 | SMA 50/200 Cross ✓ | Daily | 4.5% | 0.34 | -36.5% | 50.0% | 20 | -2.4% |
| 6 | Williams %R ✓ | Daily | 4.4% | 0.34 | -40.5% | 68.2% | 179 | -2.4% |
| 7 | Holy Grail Confluence ✓ | Daily | 3.9% | 0.31 | -39.0% | 78.0% | 41 | -3.0% |
| 8 | Money Flow Index ✓ | Daily | 3.0% | 0.28 | -38.2% | 74.1% | 27 | -3.9% |
| 9 | Bollinger Mean-Reversion ✓ | Weekly | 2.8% | 0.28 | -27.5% | 75.0% | 20 | -3.9% |
| 10 | MACD ✓ | Daily | 3.2% | 0.27 | -54.5% | 44.0% | 291 | -3.7% |
| 11 | Williams %R ✓ | Weekly | 3.1% | 0.27 | -50.4% | 71.1% | 38 | -3.6% |
| 12 | Stochastic ✓ | Weekly | 2.6% | 0.24 | -50.4% | 69.2% | 26 | -4.1% |
| 13 | EMA 20/50 Cross ✓ | Weekly | 3.0% | 0.25 | -59.3% | 46.2% | 13 | -3.7% |
| 14 | Stochastic ✓ | Daily | 2.2% | 0.21 | -43.1% | 68.2% | 129 | -4.6% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For FirstEnergy (FE), WaveTrend (8/6/4) on the daily 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.
More stock
Get the weekly edge report
The best-performing indicator per asset, what changed this week, and the honest caveats — straight to your inbox.