Study: Sell AJANTPHARM when RSI is above 50 and there is Bearish Crossover in MACD

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

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell AJANTPHARM 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. buy 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
112623.5387454251.724238.8415665.5-4241.05-19150.3711.070.0058145.1
263799.8687424548.287277.9623040.74-5374.99-39649.361.351.260.019733.33
385648.9287444350.578622.9927591.58-6831.69-39649.361.261.290.021984.47
425889.5487444350.578592.2927283.65-8190.02-50168.581.051.070.0056297.58
5-38490.9887434449.439361.6634871.79-10023.69-58530.010.930.91-0.0072-442.43
6-92540.5187444350.578573.0731788.66-10924.55-62032.90.780.8-0.017-1063.68
7-17279587444350.578656.5238566.34-12876.33-78076.780.670.69-0.028-1986.15
8-24573187414647.1310361.5750089.45-14577.29-1071800.710.63-0.034-2824.49
9-21467187424548.2812287.876744.19-16239.07-1328660.760.71-0.026-2467.48
10-37485387394844.8311965.7355545.62-17531.6-1231990.680.55-0.047-4308.66
Although, strategy looks good but profit factor on day 1 is less than minimum accepted value so avoid this, see below for further analysis.

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
atrtrail24.42-156897103297428.1612149.0435476.7-6881.34-14090.161.770.69-0.034-1523.27
atrtrail34.67-168334103297428.1611754.6453215.05-6881.34-14090.161.710.67-0.035-1634.31
atrnil38.24-330030101178416.8328660.0453215.05-9729.18-17026.722.950.6-0.049-3267.62
atrnil26.56-306940101247723.7618686.6135476.7-9810.63-17026.721.90.59-0.055-3039.01
atrtrail-14.94-208564103297428.1610367.4359367.29-6881.34-14090.161.510.59-0.046-2024.89

In the table above, row 1 shows the best exit criterion. Profit factor is 0.69. This strategy is not profitable and we advice you not to use it.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
AJANTPHARM Performance, Profit Factor:0.692

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019209 Jan 2019 (-1.35%), 23 Apr 2019 (0.99%)
2018216 Apr 2018 (-0.78%), 04 Sep 2018 (-3.08%)
2017205 Dec 2017 (5.88%), 28 Dec 2017 (-3.17%)
2016718 Feb 2016 (-3.77%), 17 Mar 2016 (-2.05%), 03 May 2016 (-2.23%), 20 May 2016 (5.04%), 26 Aug 2016 (-0.47%), 30 Sep 2016 (-2.6%), 05 Oct 2016 (2.36%)
2015804 Feb 2015 (-3.34%), 19 Mar 2015 (8.77%), 24 Apr 2015 (1.94%), 10 Jun 2015 (2.65%), 13 Jul 2015 (-2.67%), 23 Jul 2015 (0.36%), 20 Aug 2015 (6.9%), 03 Nov 2015 (6.43%)
2014711 Mar 2014 (-1.04%), 28 May 2014 (-3.36%), 08 Jul 2014 (2.39%), 06 Aug 2014 (3.68%), 28 Aug 2014 (-4.29%), 29 Sep 2014 (-0.55%), 16 Dec 2014 (8.78%)
2013616 Jan 2013 (-2.84%), 19 Mar 2013 (9.48%), 11 Apr 2013 (-2.89%), 24 May 2013 (10.08%), 26 Jul 2013 (-4.94%), 07 Oct 2013 (-5.27%)
20121027 Feb 2012 (-4.2%), 28 Feb 2012 (-1.78%), 26 Mar 2012 (-2.42%), 02 May 2012 (-2.2%), 05 Jun 2012 (0.31%), 09 Jul 2012 (-3.9%), 07 Aug 2012 (-2.71%), 03 Sep 2012 (-3.73%), 17 Sep 2012 (-3.03%), 26 Dec 2012 (-2.01%)
2011510 May 2011 (-4.2%), 19 May 2011 (-2.63%), 21 Jun 2011 (-0.52%), 11 Jul 2011 (-3.79%), 02 Aug 2011 (7.84%)
20101006 Jan 2010 (-5.44%), 07 Jan 2010 (-2.45%), 06 Feb 2010 (-6.15%), 23 Feb 2010 (0.03%), 15 Apr 2010 (-3.36%), 08 Jul 2010 (-4.01%), 09 Jul 2010 (-3.89%), 15 Jul 2010 (-3.66%), 16 Jul 2010 (-0.57%), 16 Sep 2010 (-3.26%)
2009606 May 2009 (-7.05%), 14 May 2009 (-6.98%), 09 Jun 2009 (-3.58%), 06 Oct 2009 (-1.5%), 29 Oct 2009 (2.91%), 16 Dec 2009 (-5.84%)
2008309 Jan 2008 (17.74%), 13 May 2008 (17.26%), 19 Aug 2008 (-2.74%)
2007313 Feb 2007 (-6.24%), 24 May 2007 (-2.36%), 03 Jul 2007 (-4.61%)
2006316 May 2006 (-6.89%), 20 Jul 2006 (-5.0%), 28 Aug 2006 (-2.09%)
2005830 May 2005 (-5.1%), 31 May 2005 (-5.0%), 13 Jun 2005 (-4.83%), 15 Jul 2005 (-1.61%), 15 Sep 2005 (8.8%), 07 Dec 2005 (-4.66%), 08 Dec 2005 (-4.58%), 14 Dec 2005 (-1.3%)
20041005 May 2004 (13.03%), 04 Aug 2004 (-5.03%), 23 Aug 2004 (-3.91%), 08 Oct 2004 (-4.92%), 12 Oct 2004 (2.56%), 19 Nov 2004 (-5.49%), 02 Dec 2004 (-3.53%), 16 Dec 2004 (-5.22%), 17 Dec 2004 (-5.3%), 29 Dec 2004 (-5.55%)
2003607 May 2003 (-3.74%), 12 Jun 2003 (-1.68%), 17 Jul 2003 (4.77%), 06 Aug 2003 (-0.9%), 16 Sep 2003 (16.44%), 30 Dec 2003 (-4.15%)
2002224 Jun 2002 (-2.29%), 18 Dec 2002 (-0.39%)
2001307 Mar 2001 (1.21%), 19 Nov 2001 (2.28%), 29 Nov 2001 (5.27%)



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