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These are the tools I use there and for which I have done much backtesting (see example on SPY, QQQQ), or on currencies.
Currency ETFs testing reproduced below:
Today we look at two popular currency ETFs: FXC (Canadian dollar) and BZF, Brazilian real. These have become quite popular after the near-collapse of the US dollar in 2008, and it is easy to see why.
Here are the charts showing the monthly buy and sell alerts for both ETFs (please click to enlarge):
By following the red (sell) and green (buy) triangles, you can have good idea of the results.
These are the results of the alert signals for $10k initial investment in each of the ETFs.
(please click to enlarge)
- BZF's ROI is +45.05%, compared with a loss of 1.99% for a buy and hold strategy.
- FXC's ROI is +37.26%, compared with a gain of 5.95% for buy and hold.