Does Awesome Oscillator zero cross actually work on GLD? We tested it

This strategy made money overall, turning a 92.36% total return from 54 trades over the test period. However, the ride was very lumpy, with a win rate of only 38.89% and a maximum drawdown of -21.59% that stretched from August 2020 to November 2022, meaning you would have sat through a painful two-year losing stretch. The result is not driven by just a few lucky trades, as the entry timing itself is strong, beating 94% of random entry runs, so the skill is in getting in at the right moment rather than the exits doing the heavy lifting. The edge also shows up consistently, as the strategy was profitable in 3 out of 4 walk-forward test periods, so the performance did not come from one lucky stretch. Overall, this is a strategy that can make money over time, but you must be prepared for long losing streaks and a bumpy ride.