Does Bullish engulfing in an uptrend actually work on SOFI? We tested it
We ran Bullish engulfing in an uptrend on SOFI through walk-forward testing and a 100-run random-entry gauntlet. 4 of 4 unseen periods positive. Beat 83 of 100 random-entry runs.
You gave up raw return for a higher win rate and a shallower drawdown. This setup is about timing and staying out of trouble, not beating the index.
Equity curve over Nov 2020 to Jul 2026. Hover any point for its value. Turn on buy and hold to compare.
The same rules, tested on 28 tickers. Edge held on 2. We ship it on those.
Show every ticker we tested
This strategy made money, turning a 107% total return on SOFI over 23 trades, but the ride was lumpy. The worst stretch was a 15.20% drawdown from late July to late August 2023, which is where the strategy hurt most. The result is not driven by just a few lucky trades, as 60.87% of trades were winners and the average trade returned 3.55%. The entry timing is doing most of the work here, since real entries beat 83% of random entry runs, meaning the setup itself is picking good spots to get in. The edge is consistent, as the strategy was profitable in all four walk-forward test periods, so the performance didn't come from one lucky stretch.
Every verdict on this page comes from the same process. How we test.
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