Trend following · daily rule · Industrials & materials
Holy Grail on WSP Global
WSP with the play, last two years
Shading shows the play's call from the close that triggered it.
ADX (14)
Dashed line at 30.
Growth of C$10,000 since 2014
Log scale. After trading costs, with T-bill interest while out.
The record
The play against buying and holding WSP over exactly the same dates, after costs.
| Play, since 2014 | Hold, since 2014 | Play, 5 yrs | Hold, 5 yrs | |
|---|---|---|---|---|
| Annual return | +2.2% | +14.8% | +2.0% | +0.5% |
| Total return | +31% | +457% | +10% | +3% |
| Worst drawdown | −10.9% | −44.5% | −7.5% | −44.5% |
| Volatility | 3.9% | 24.6% | 4.9% | 25.0% |
| Sharpe ratio | 0.07 | 0.60 | −0.34 | −0.01 |
| Time invested | 4% | 100% | ||
| Switches per year | 3.0 | 0 |
Every call, graded
Right on 14 of 38 closed calls (37%). In calls averaged +0.3%; out calls saw WSP move +12.7% on average.
| Called | Call | Price | Until | WSP moved | Result |
|---|---|---|---|---|---|
| Aug 7, 2025 | OUT | C$272.05 | now | −40.6% | open |
| Jul 24, 2025 | IN | C$283.87 | Aug 7, 2025 | −4.2% | ✕ wrong |
| Jul 14, 2025 | OUT | C$282.46 | Jul 24, 2025 | +0.5% | ✕ wrong |
| Jun 12, 2025 | IN | C$272.11 | Jul 14, 2025 | +3.8% | ✓ right |
| Nov 8, 2024 | OUT | C$238.08 | Jun 12, 2025 | +14.3% | ✕ wrong |
| Nov 1, 2024 | IN | C$247.47 | Nov 8, 2024 | −3.8% | ✕ wrong |
| Feb 15, 2024 | OUT | C$202.72 | Nov 1, 2024 | +22.1% | ✕ wrong |
| Feb 14, 2024 | IN | C$199.71 | Feb 15, 2024 | +1.5% | ✓ right |
| Mar 7, 2023 | OUT | C$171.44 | Feb 14, 2024 | +16.5% | ✕ wrong |
| Feb 24, 2023 | IN | C$168.13 | Mar 7, 2023 | +2.0% | ✓ right |
| Feb 21, 2023 | OUT | C$164.08 | Feb 24, 2023 | +2.5% | ✕ wrong |
| Feb 13, 2023 | IN | C$167.29 | Feb 21, 2023 | −1.9% | ✕ wrong |
An in call is right when the price rose before the next call; an out call is right when it fell. The latest 12 of 39 calls shown.
How the play works
- In when, within 5 days of a pullback day, a close tops that day's high while ADX (14) is still above 30. A pullback day has ADX above 30, +DI above −DI, and a low at or below the 20-day EMA.
- Out on a close below the pullback day's low (the stop), or at or above the highest high of the 20 days before the pullback (the target).
ADX measures trend strength, and +DI above −DI says the trend is up. Descriptions of the setup ask for ADX above 30 with rising prices; reading that as +DI above −DI is Be The Puck's choice.
The 5-day entry window and the 20-day high used as the target are Be The Puck's choices. Neither number is published.
A 20-day exponential average, as most descriptions of Street Smarts use. Some write-ups use a simple one.
Raschke enters on a buy-stop during the day. Be The Puck waits for a close above the pullback day's high; that close may come on a day that also dips to the average. A close already at the target counts as no trade.
Be The Puck sells the whole position at the target.
Where the rules come from
The case against
Valeriy Zakamulin tested moving-average timing on up to 155 years of U.S. stock data and found no statistically significant edge in the second half of that record. The rules earned their keep in a few severe bear markets and lagged buy and hold for long stretches in between.