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

This strategy made money overall, with an 83.76% total return from 32 trades, and it won over 78% of the time. However, the ride was very lumpy, as shown by a Sharpe ratio of just 0.58 and a brutal maximum drawdown of -30.15% that lasted from July to October 2018. That deep drawdown is where it hurt most, and it suggests the strategy can suffer a severe and prolonged loss of value even while still being profitable overall. The result does not appear to be driven by just a few lucky trades, since the average trade returned a solid 2.11% and the win rate is high. The entry-timing edge figure of 84% means the entry signal itself is doing most of the work, so the timing of when you get in is far more important than how you exit. --- **Disclaimer:** The above text is generated by a large language model and is for informational purposes only. It should not be considered financial advice or a recommendation to trade any specific strategy. Past performance is not indicative of future results. Always conduct your own analysis and consult with a qualified financial professional before making any trading decisions.