Study: Buy ANDHRABANK when RSI is above 50 and there is Bullish Crossover in MACD and ADX is Trending

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

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy ANDHRABANK 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
145333.528161257.145487.6719696.97-3539.1-9863.951.552.070.0641619.05
259638.3928171160.716892.4627272.73-5230.31-15476.191.322.040.0622129.94
360897.322814145010051.2825462.01-5701.47-18877.551.761.760.0542174.9
485903.7928171160.7110288.4838636.36-8090.94-21258.51.271.970.0583067.99
510019628161257.1412200.4138636.36-7917.55-25680.271.542.050.0613578.43
610582728171160.7113508.2650757.58-11255.79-34071.551.21.850.0533779.53
711908928161257.1416799.6456125.94-12475.41-35264.051.351.80.054253.19
812844128161257.1416409.8859411.36-11176.43-40646.261.471.960.0534587.18
912363928151353.5718175.1462559.89-11460.66-42857.141.591.830.0494415.66
1094225.3528151353.5718039.0659822.04-13566.2-39285.711.331.530.0373365.19

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 2.07. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 57.14%, which is not acceptable. Avoid this strategy. Average return per trade is 0.81%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.064, which is low, 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.
ANDHRABANK Performance, X=1, Profit Factor:2.07

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2018124 Jan 2018 (-4.93%)
2017227 Mar 2017 (-0.26%), 21 Apr 2017 (1.33%)
2016131 May 2016 (-3.28%)
2015118 Sep 2015 (3.72%)
2014114 May 2014 (-1.57%)
2013101 Jan 2013 (1.27%)
2012113 Mar 2012 (0.33%)
2011327 May 2011 (0.82%), 30 Aug 2011 (1.77%), 13 Oct 2011 (-0.41%)
2010202 Aug 2010 (-0.1%), 16 Aug 2010 (0.86%)
2009115 Oct 2009 (3.55%)
2008202 Jan 2008 (2.7%), 05 Nov 2008 (-1.9%)
2006204 Apr 2006 (0.86%), 02 May 2006 (1.94%)
2005201 Feb 2005 (0.06%), 28 Sep 2005 (-2.05%)
2004313 Jan 2004 (5.11%), 29 Mar 2004 (4.14%), 23 Dec 2004 (-2.55%)
2003110 Jan 2003 (5.59%)
2002308 Apr 2002 (-2.54%), 04 Jun 2002 (9.85%), 29 Oct 2002 (-1.05%)
2001108 Nov 2001 (-0.6%)

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-1145333.528161257.145487.6719696.97-3539.1-9863.951.552.070.0641619.05
atrtrail-15.4384387.3630141646.6712257.4347231.87-5451.04-8082.362.251.970.0522812.91
atrtrail34.6871664.5631141745.1611788.5528579.32-5492.66-8082.362.151.770.0512311.76
atrtrail24.2368027.3131141745.1611528.7521702.15-5492.66-8082.362.11.730.0552194.43
atrnil37.5373074.73309213025700.3535357-7534.69-16527.293.411.460.0372435.82
atrnil26.2347814.2331121938.7116001.6223571.34-7589.75-16527.292.111.330.0311542.39

In the table above, row 1 shows the best exit criterion. Profit factor is 2.07. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 57.14%, which is not acceptable. Avoid this strategy. Average return per trade is 0.81%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.064, which is low, 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.

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