Strategy test · pattern

Does Pin bar work?

Long rejection wick at a level. Tested on every popular stock and coin, with real trading costs taken off.

The short answer

After costs, it kept money on 27 of the 47 stocks and coins we test.

It gave a signal 3,760 times and worked 1,068 of them (28%). On average each trade kept +0.03R.

Instrument	Kept a trade	Hit rate	Worked	Signals
COST Costco	+0.35R	37%	25	67
NKE Nike	+0.31R	40%	31	77
PYPL PayPal	+0.28R	34%	28	82
SOFI SoFi	+0.24R	34%	20	59
AMZN Amazon	+0.23R	39%	27	69
CRWD CrowdStrike	+0.22R	42%	36	85
SHOP Shopify	+0.21R	34%	23	68
COIN Coinbase	+0.18R	25%	19	77
BAC Bank of America	+0.18R	39%	33	84
TSLA Tesla	+0.16R	31%	24	78
VOO Vanguard S&P 500 ETF	+0.16R	34%	23	67
PLTR Palantir	+0.16R	34%	29	85
GOOGL Alphabet (Google)	+0.15R	35%	28	81
LTC Litecoin	+0.15R	31%	37	119
ARM Arm Holdings	+0.13R	40%	18	45
BA Boeing	+0.13R	32%	25	78
NVDA NVIDIA	+0.11R	37%	24	65
SPY S&P 500 ETF	+0.10R	34%	23	68
F Ford	+0.10R	27%	22	83
KO Coca-Cola	+0.09R	28%	25	90
UBER Uber	+0.06R	34%	22	64
QQQ Nasdaq 100 ETF	+0.06R	28%	22	78
MSTR Strategy (MicroStrategy)	+0.04R	23%	17	75
DIS Disney	+0.03R	30%	18	61
JPM JPMorgan Chase	+0.03R	30%	22	73
NFLX Netflix	+0.01R	31%	23	74
ETH Ethereum	0.00R	26%	28	108
XRP XRP	-0.01R	26%	34	130
AMC AMC Entertainment	-0.01R	24%	17	70
GME GameStop	-0.01R	24%	17	71
META Meta	-0.03R	30%	23	77
SNOW Snowflake	-0.03R	25%	19	77
RIVN Rivian	-0.04R	27%	23	85
WMT Walmart	-0.05R	25%	17	68
BTC Bitcoin	-0.06R	24%	26	110
AAPL Apple	-0.08R	28%	21	76
SOL Solana	-0.09R	24%	26	109
MSFT Microsoft	-0.10R	26%	19	74
HOOD Robinhood	-0.10R	28%	19	68
AMD AMD	-0.10R	26%	18	68
AVGO Broadcom	-0.11R	19%	14	72
SMCI Super Micro Computer	-0.13R	20%	12	59
LINK Chainlink	-0.14R	22%	21	95
AVAX Avalanche	-0.16R	18%	17	93
DOGE Dogecoin	-0.23R	19%	21	111
ADA Cardano	-0.27R	15%	16	110
INTC Intel	-0.31R	21%	16	77

How we tested

Up to 5 years of daily prices for each stock and coin.
Every time the strategy leaned up or down, we took a pretend trade that way. Stop 1.5 ATR away, target 2.25 ATR away, closed after 10 trading days if it hit neither. ATR is how much the price usually moves in a day.
Worked means it reached the target before the stop. If both were touched on the same day, we count it as a loss.
Costs come off every trade: 0.02% a round trip for stocks, 0.2% for crypto.
Kept a trade is in R, the amount risked. +0.10R means 10 cents kept for every dollar risked, on average, after costs.
Strategies that fired fewer than 40 times on a stock are left out: that few is luck.

Re-run every day. Past results do not promise future ones. This is software output, not financial advice.

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Orenth runs all 34 strategies on any stock or coin, and says so when none of them has an edge.

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Analysis software, not financial advice. Every figure here is measured from historical price data and can stop describing the future at any moment. Day trading loses money for the large majority of retail participants, and this tool's own measurements agree with that. Never risk money you cannot afford to lose.
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Analysing

Fetching data, running 34 strategies, and back-testing each one against this instrument's own history.