Does EMA 8/21 trend rider actually work on NFLX? We tested it

This strategy made money overall, turning a 223% total return on NFLX, but the ride was very lumpy. The worst stretch was a brutal 37.5% drawdown that lasted over two years from mid-2020 to late 2022, which would have been painful to sit through. The win rate is just under 49%, so almost half the trades lost money, but the average winning trade was large enough to compensate. The entry timing is a standout here, since real entries beat 98% of random entry runs, meaning the crossover signal itself is doing the heavy lifting rather than the exits. The edge was also consistent, showing up in three out of four walk-forward test periods, so the result is not just a fluke from one lucky stretch.