Study: Buy ADANIPOWER when RSI is above 50 and there is Bullish Crossover in MACD

home > technical-strategy > adanipower > 30

In this study, we evaluate the performance of strategy "Buy ADANIPOWER when RSI is above 50 and there is Bullish Crossover in MACD" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy ADANIPOWER at the closing price whenever the signal triggers (Rs. 2Lac per trade). Then cover the position "X" trading days later at close_price i.e. sell after "X" trading days. Here are the results of this study:

X DaysNet ProfitTotal TradesWinning TradesLosing Trades% ProfitableAvg Winning TradeMax Winning TradeAvg Losing TradeMax Losing TradeWin/Loss RatioProfit FactorSharpe RatioAvg Trade
110557248291960.424932.5517058.82-1972.23-5186.392.53.820.142199.41
214140548301862.56780.2540396.04-3444.59-10924.371.973.280.112945.93
313564248282058.339124.8832333.33-5992.71-45217.391.522.130.0772825.88
412629248212743.7514199.1538666.67-6366.32-33236.712.231.730.0612631.08
512153548202841.6717672.6656182-8282.79-39145.912.131.520.0472531.98
616572548222645.8318843.5360138.48-9570.48-43890.871.971.670.0583452.61
71633174824245017908.7258555.89-11103.83-43890.871.611.610.0563402.45
81661734824245019050.5451829.87-12126.66-46376.811.571.570.0543461.94
913828148272156.2516849.0454363.09-15078.26-54106.281.121.440.0422880.85
1015496948262254.1718910.3365677.55-15304.51-52946.861.241.460.0453228.53

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 3.82. Strategy is very good and impressively bullish. Percentage of profitable trades is 60.42%, which is good. Average return per trade is 1.1%, which is not very high, don't trade solely on the basis of this study.
In the chart below, we plot cumulative trade gain versus trades. This chart is important and informative as it shows the performance of strategy over time.
ADANIPOWER Performance, X=1, Profit Factor:3.82

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019523 Jan 2019 (0.68%), 12 Apr 2019 (2.63%), 20 May 2019 (-1.6%), 25 Jun 2019 (1.48%), 09 Sep 2019 (5.99%)
2018210 Oct 2018 (0.0%), 29 Nov 2018 (0.09%)
2017705 Jan 2017 (0.31%), 27 Feb 2017 (-0.26%), 05 Apr 2017 (5.1%), 30 Aug 2017 (3.73%), 25 Oct 2017 (7.77%), 22 Nov 2017 (-0.71%), 20 Dec 2017 (2.24%)
2016617 Feb 2016 (-0.54%), 31 Mar 2016 (1.02%), 26 May 2016 (-2.59%), 28 Jun 2016 (0.0%), 18 Oct 2016 (1.5%), 28 Nov 2016 (3.85%)
2015309 Apr 2015 (0.91%), 26 Nov 2015 (0.99%), 21 Dec 2015 (-2.12%)
2014506 Feb 2014 (2.3%), 31 Mar 2014 (-1.34%), 14 May 2014 (0.73%), 05 Jun 2014 (-0.16%), 01 Jul 2014 (2.83%)
2013603 Apr 2013 (-1.68%), 17 May 2013 (7.13%), 09 Oct 2013 (0.57%), 05 Nov 2013 (0.57%), 29 Nov 2013 (1.83%), 27 Dec 2013 (-1.01%)
2012217 Feb 2012 (8.53%), 27 Nov 2012 (1.91%)
2011325 Jan 2011 (-0.28%), 11 May 2011 (-0.39%), 14 Jul 2011 (1.61%)
2010904 Feb 2010 (-0.81%), 09 Mar 2010 (-0.96%), 29 Apr 2010 (1.29%), 03 Jun 2010 (-1.0%), 29 Jun 2010 (2.42%), 26 Jul 2010 (0.62%), 13 Sep 2010 (-1.43%), 11 Oct 2010 (-1.85%), 03 Nov 2010 (0.89%)

Strategy Analysis - Exit Criteria

In the study above, exit criterion was that hold the position for "X" trading days. That's one possible exit criterion. However, we can have more elaborate exit criteria. Now we study this strategy under other exit criteria. There are 3 things which you must get to know before proceeding further. Table below shows the performance of this strategy under various exit combinations. Note that nil,nil,-1 is a special exit combination where we just take the best result of "X" Analysis study above.

Stop LossAdjust Stop LossTargetAvg Holding PeriodNet ProfitTotal TradesWinning TradesLosing Trades% ProfitableAvg Winning TradeMax Winning TradeAvg Losing TradeMax Losing TradeWin/Loss RatioProfit FactorSharpe RatioAvg Trade
nilnil-1110557248291960.424932.5517058.82-1972.23-5186.392.53.820.142199.41
atrtrail-15.416394255213438.1817002.6152975.47-5679.8-17524.912.991.850.0652980.76
atrtrail34.5312322855213438.1815063.8430241.25-5679.8-17524.912.651.640.0582240.5
atrnil36.561560255016343226390.3255605.11-7829.99-17524.913.371.590.0583120.51
atrtrail23.7710503757223538.613698.7737070.07-5609.58-17524.912.441.530.0531842.76
atrnil24.761228575522334017117.1137070.07-7688.47-17524.912.231.480.0552233.76

In the table above, row 1 shows the best exit criterion. Profit factor is 3.82. Strategy is very good and impressively bullish. Percentage of profitable trades is 60.42%, which is good. Average return per trade is 1.1%, which is not very high, don't trade solely on the basis of this study.
Performance of strategy chart over time is same as above.

View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play