Remember there's only a gross loss because every month you are exiting the position and buying back after OPEX, and in doing so the strategy will compute that as a new entry - thus the next exit could be at a loss. For the buy and hold you only have 1 entry and I added the exit manually today just to so the final total. 

    the stats start from Jan 1st 2020 so they include 2021

    for 2021 the buy and hold lost -19%, while staying out of OPEX lost -3.7% - so while it lost it was FAR better

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