NOTE: I typo’ed all my charts to show “4MA<100MA<200MA” when I really meant “4MA>100MA>200MA” – Don’t worry my coding prevented me from making this kind of stupid mistake in the backtest.

Reader Tpain suggested two variants of the moving average strategies I have been testing:

Perhaps other variants you could look into are triple MA crossover systems (e.g. long only when 4MA>100MA>200MA or something like that), or double-pair MA crossover system (e.g. long only when 4MA>100MA AND if 13 weekly MA > 34 weekly MA or something like that).

There are a few issues with things like that, but first I will say it with pictures, and then work out my reasoning in words. Here is the long-only 4MA>100MA>200MA strategy tested out on both the HSI and STI, unleveraged with no costs:

So the strategies don’t outperform buy and hold in general. However you can observe that ...