Does CCI oversold bounce actually work on DIA? We tested it

This strategy made money overall, turning a 63.59% total return on DIA with 32 trades. The ride was very steady, with a high win rate of 93.75% and an average gain of 1.57% per trade, but it did have one painful stretch where it lost 14.12% from late February to early April 2025. That drawdown was the worst part, and it shows that even a high-win-rate system can have a rough period. The result is not driven by just a few big winners, since most trades were small winners. The entry itself is carrying the result, because the entry-timing edge is very strong, beating 93% of random entries, meaning the timing of getting in is what makes the strategy work. The edge is consistent, as the strategy was profitable in all four walk-forward test periods, so the performance did not come from one lucky stretch.