Does RSI(2) below 5 dip buy actually work on AVGO? We tested it

This strategy made money, turning a 115.74% total return over 44 trades, and it did so with a high win rate of over 77%, meaning most trades were winners. However, the ride was not perfectly smooth, as the worst drawdown hit nearly 20% and lasted from late October 2024 into early March 2025, which would have been a tough stretch to sit through. The entry timing shows a real edge, beating 84% of random entry runs, so the specific moment you buy when the RSI dips below 5 while price is above the 200-day moving average is carrying the result rather than the exits. The consistency figure shows the edge held up across all four walk-forward test periods, so the profit did not come from just one lucky streak. The main pain point was that long drawdown period, but overall the strategy delivered steady gains without relying on a handful of home run trades.