Study: Sell ASHOKLEY when RSI is below 50 and there is Bearish Crossover in MACD and ADX is Trending

home > technical-strategy > ashokley > 28

In this study, we evaluate the performance of strategy "Sell ASHOKLEY when RSI is below 50 and there is Bearish 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: sell ASHOKLEY 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
123128.0844271761.365408.1615031.06-7228.96-36986.30.751.190.012525.64
2-15275.2844232152.277650.6429813.66-9106.66-55650.680.840.92-0.0056-347.17
320896.6944261859.097814.0442608.7-10126.02-57363.010.771.110.007474.92
457129.8144242054.5510019.5651925.47-9166.98-42294.521.091.310.0191298.4
511767044232152.2713767.6447080.75-9475.53-51712.331.451.590.0322674.31
611328944261859.0912063.4756461.23-11131.15-46232.881.081.570.0312574.76
718390444251956.8215009.2172365.81-10069.79-35273.971.491.960.0454179.64
816446144251956.8214974.7754782.61-11047.8-40683.231.361.780.043737.75
913020444251956.8213876.956858.85-11406.24-36180.121.221.60.0332959.18
1011560344251956.8214225.5950894.63-12633.5-33850.931.131.480.0292627.35
Although, strategy looks good but profit factor on day 2 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
atrtrail24.3399763.0449173234.6918265.7444093.79-6586.08-13987.852.771.470.032035.98
atrtrail-15.3799671.4349163332.6519996.6165839.52-6674.98-13987.8531.450.0252034.11
atrnil26.6712020849183136.7322967.5644093.79-9458.33-13987.852.431.410.0292453.22
atrtrail3570321.3349163332.6518162.2345956.38-6674.98-13987.852.721.320.0211435.13
atrnil313.79-14761.2947113623.431668.366140.68-10086.46-21036.333.140.96-0.0033-314.07

In the table above, row 1 shows the best exit criterion. Profit factor is 1.47. Strategy is showing mildly bearish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 34.69%, which is not acceptable. Avoid this strategy. Average return per trade is 1.02%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.03, which is low, don't trade solely on the basis of this study.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
ASHOKLEY Performance, Profit Factor:1.47

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019325 Mar 2019 (-0.75%), 19 Sep 2019 (-5.09%), 07 Oct 2019 (-6.99%)
2018308 Jun 2018 (6.67%), 18 Jul 2018 (-1.55%), 04 Dec 2018 (7.27%)
2017110 Aug 2017 (-2.84%)
2016102 Aug 2016 (-0.24%)
2015124 Aug 2015 (-4.6%)
2014113 Jan 2014 (-1.77%)
2013311 Feb 2013 (-0.43%), 26 Mar 2013 (-3.01%), 07 Jun 2013 (5.96%)
2012222 Jun 2012 (-1.3%), 17 Jul 2012 (-3.33%)
2011311 Jan 2011 (-4.77%), 17 Jan 2011 (-3.52%), 02 Feb 2011 (12.54%)
2010120 May 2010 (1.58%)
2009106 Aug 2009 (-3.17%)
2008511 Jan 2008 (14.42%), 18 Mar 2008 (-5.69%), 12 May 2008 (10.5%), 24 Jun 2008 (10.07%), 12 Nov 2008 (8.1%)
2007502 Apr 2007 (-3.11%), 11 May 2007 (-3.03%), 11 Jun 2007 (-2.29%), 08 Oct 2007 (-5.99%), 06 Nov 2007 (-0.71%)
2006415 May 2006 (9.52%), 14 Jul 2006 (3.29%), 12 Dec 2006 (-4.53%), 13 Dec 2006 (-4.66%)
2004208 Jul 2004 (-5.64%), 09 Jul 2004 (-5.68%)
2002320 May 2002 (-2.48%), 24 Oct 2002 (-3.32%), 25 Oct 2002 (-3.38%)
2001205 Mar 2001 (6.19%), 26 Jul 2001 (-4.49%)
2000227 Jan 2000 (15.32%), 01 Mar 2000 (22.05%)
1998115 Jan 1998 (13.09%)
1997320 Jan 1997 (1.53%), 29 Apr 1997 (-3.56%), 30 Apr 1997 (7.16%)
1996112 Jan 1996 (-1.62%)
1995111 Aug 1995 (-1.85%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play