Does buying 52-week highs beat the S&P 500?

We want to ride strength by buying when stocks make a fresh 52 week closing high. Enter long the next open after a daily close that is strictly above the highest close of the previous 252 trading days. Skip the entry if there has been any other 52 week high in the previous 30 trading days, so we only act on truly fresh breakouts. On entry, place a protective stop 1.5 ATR below the entry price using the 14 period ATR. Size the position so a stop-out loses exactly 1 percent of account equity. Round down to a whole number of shares. Trail the stop daily to the lowest close of the previous 20 trading days, only ever raising it, never lowering it. Exit at the next open the first time this trailing stop is hit. If the position has been held for 200 trading days without being stopped out, exit at the next open as well. Long only. One open position per ticker at a time. No leverage and no pyramiding.