Does Inside-bar breakout actually work on XOM? We tested it

This strategy made money overall, turning a 48.25% total return across 43 trades. The ride was fairly lumpy, with a Sharpe ratio of 0.56, meaning the profits came with noticeable ups and downs. The worst stretch happened from March to July 2022, when the strategy lost nearly 15% of its value, so that period was where it hurt most. The result is not driven by just a few lucky trades, since the win rate is a solid 51% and the average trade gained about 1%. The entry timing is doing the heavy lifting here, because the real entries beat 95% of random entry runs, which means the exits are not the main source of edge. The edge also showed up consistently across all four walk-forward test periods, so the profit was not from one lucky stretch.