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

This strategy made money overall, turning a 65.5% total return on GLD over 60 trades, but the ride was lumpy. The worst stretch was a drawdown of 10.37% that dragged on for nearly two years, from early 2020 to early 2022, which is where the pain really lived. The win rate was exactly 50%, so half the trades lost money, but the average winner was big enough to keep the total positive. The entry timing shows a strong edge, beating 87% of random entry runs, meaning the specific breakout entry is doing most of the heavy lifting here rather than the exits. The consistency figure shows the edge held up in 3 out of 4 walk-forward periods, so the profit wasn't just from one lucky stretch it showed up steadily across different market conditions.