Study: Sell ASIANPAINT when near 200 SMA and below 200 SMA and below 50 SMA and below 20 SMA and RSI is below 50

home > technical-strategy > asianpaint > 10

In this study, we evaluate the performance of strategy "Sell ASIANPAINT when near 200 SMA and below 200 SMA and below 50 SMA and below 20 SMA and RSI is below 50" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell ASIANPAINT 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
1-303.7439211853.852097.818320.37-2464.32-9708.880.850.99-0.00047-7.79
2-12554.5739172243.593265.2115695.32-3093.78-8695.651.060.82-0.014-321.91
3-20239.4739182146.153743.7310985.59-4172.7-12610.340.90.77-0.021-518.96
4-35314.8639172243.594310.9118055.56-4936.38-21565.220.870.67-0.027-905.51
5-13736.6639172243.594578.3817361.11-4162.23-14495.011.10.85-0.012-352.22
6-13140.1639201951.284077.8322986.11-4984.04-12173.910.820.86-0.011-336.93
7-20408.5939172243.595381.9430555.56-5086.44-24270.181.060.82-0.013-523.3
8-45773.0139182146.155367.5728125-6780.44-31902.310.790.68-0.026-1173.67
9-69275.6239201951.284681.9829861.11-8574.49-349170.550.57-0.036-1776.3
10-70354.3339162341.036170.5526319.44-7351.44-27780.960.840.58-0.038-1803.96

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 0.99. Profit factor is showing that this strategy doesn't give any edge over rendomness and it is only as good as tossing a coin and doing the trade. Percentage of profitable trades is 53.85%, which is not acceptable. Avoid this strategy. Average return per trade is -0.0039%, we advise you not to use this strategy.

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-11-303.7439211853.852097.818320.37-2464.32-9708.880.850.99-0.00047-7.79
atrtrail25.62-3136.1448143429.178685.9619344.95-3668.81-13664.362.370.97-0.002-65.34
200trail22.73-5171.2666204630.35810.557807.21-2638.75-3823.072.20.96-0.004-78.35
200trail33.32-6478.6562144822.587949.2611710.82-2453.51-3823.073.240.94-0.0046-104.49
200nil22.92-8371.4162204232.265848.87807.21-2984.46-3971.191.960.93-0.0065-135.02
atrnil27.05-29243.343123127.9111784.8719344.95-5505.22-13664.362.140.83-0.017-680.08
200nil34.07-24132.0154114320.379165.7111710.82-2905.93-3971.193.150.81-0.018-446.89
atrtrail-16.46-54335.1748133527.085826.1923079.95-3716.45-13664.361.570.58-0.041-1131.98
atrtrail36.31-58995.6348133527.085467.6918419.49-3716.45-13664.361.470.55-0.048-1229.08
200trail-14.08-54148.761124919.675346.2718055.99-2414.37-3823.072.210.54-0.048-887.68
atrnil39.64-155934423397.1420307.5428338.27-5560.43-13664.363.650.28-0.11-3712.71

In the table above, row 1 shows the best exit criterion. Profit factor is 0.99. Profit factor is showing that this strategy doesn't give any edge over rendomness and it is only as good as tossing a coin and doing the trade. Percentage of profitable trades is 53.85%, which is not acceptable. Avoid this strategy. Average return per trade is -0.0039%, we advise you not to use this strategy.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
ASIANPAINT Performance, X=1, Profit Factor:0.993

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019221 May 2019 (-0.79%), 25 Jun 2019 (0.23%)
2018224 Jan 2018 (0.05%), 19 Oct 2018 (2.83%)
2017204 Dec 2017 (0.54%), 18 Dec 2017 (-0.05%)
2015310 Jun 2015 (4.16%), 22 Sep 2015 (1.32%), 03 Nov 2015 (1.47%)
2014327 Jan 2014 (-0.08%), 12 Feb 2014 (1.79%), 05 Mar 2014 (0.01%)
2013125 Jun 2013 (-3.02%)
2008119 Sep 2008 (0.72%)
2007107 Mar 2007 (-4.85%)
2004323 Aug 2004 (0.59%), 15 Sep 2004 (0.05%), 07 Oct 2004 (1.64%)
2003215 Jan 2003 (-2.36%), 29 Jan 2003 (-0.18%)
2002431 Jan 2002 (-4.06%), 11 Nov 2002 (0.71%), 29 Nov 2002 (-0.58%), 26 Dec 2002 (0.37%)
2001316 May 2001 (0.24%), 30 May 2001 (-0.58%), 20 Jun 2001 (-0.12%)
2000205 May 2000 (0.47%), 21 Jun 2000 (-0.1%)
1999205 Jan 1999 (-1.91%), 21 Jan 1999 (2.0%)
1998208 May 1998 (-0.07%), 21 Dec 1998 (2.42%)
1997329 Aug 1997 (0.05%), 22 Sep 1997 (-0.28%), 16 Oct 1997 (-0.02%)
1996323 Jul 1996 (-1.74%), 06 Aug 1996 (-1.39%), 02 Sep 1996 (0.37%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play