Does Three-down-days bounce actually work on GOOGL? We tested it

This strategy made money overall, turning a 55.82% total return across 97 trades, and the ride was fairly steady with a solid 75.26% win rate and a Sharpe ratio of 0.85. The worst hit came during a stretch from March to October 2018, where the account dropped 9.40%, so that was the most painful period. The result does not appear driven by just a few lucky trades, since the average trade returned a modest 0.47% and the win rate is high. The entry-timing edge is strong, with real entries beating 82% of random entry runs, meaning the entry signal itself is doing most of the heavy lifting rather than the exits. The consistency figure shows the edge held up well, as the strategy was profitable in 3 out of 4 walk-forward test periods, so the performance was not concentrated in one lucky stretch.