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

home > technical-strategy > asianpaint > 18

In this study, we evaluate the performance of strategy "Sell ASIANPAINT when below 200 SMA and near 50 SMA and below 50 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
1-7515281414501428.885555.56-1965.67-13347.890.730.73-0.018-268.39
2-20418.5228131546.432284.026927.14-3340.72-18384.880.680.59-0.03-729.23
37046.29281414503562.612587.12-3059.29-14020.621.161.160.01251.65
420765.8228181064.293610.6218669.48-4422.53-16872.850.821.470.025741.64
51057.9128131546.433932.7514487.86-3337.86-15223.371.181.020.001437.78
6-48201.5228131546.433468.5911193.24-6219.55-18608.940.560.48-0.05-1721.48
7-56717.1628151353.573564.9513492.06-8476.27-23128.910.420.49-0.052-2025.61
8-61310.12281414503991.7214047.62-8371.01-19399.250.480.48-0.055-2189.65
9-53105.628151353.573614.539523.81-8255.66-19662.980.440.51-0.052-1896.63
10-59780.42281414504416.2419642.86-8686.27-24156.540.510.51-0.051-2135.02
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
50nil33.88-35923.084383518.69588.7811912.36-3218.1-3927.042.980.68-0.033-835.42
50nil23.3-44575.5847113623.46407.787941.57-3196.14-3927.0420.61-0.046-948.42
50trail33.53-47710.454783917.027979.2211912.36-2860.11-3927.042.790.57-0.047-1015.12
50trail23.21-51211.2448103820.835745.087941.57-2859.53-3927.042.010.53-0.058-1066.9
atrnil26.65-84815.443472720.599790.0318595.68-5679.47-8702.031.720.45-0.075-2494.57
atrtrail24.8-78266.614093122.56639.818595.68-4452.41-8269.311.490.43-0.071-1956.67
50trail-13.91-79310.774774014.895052.6110208.56-2866.98-3927.041.760.31-0.11-1687.46
atrtrail35.1-10261240832205093.5710994.44-4480.03-8269.311.140.28-0.11-2565.31
atrtrail-15.2-11000540832204169.58534.25-4480.03-8269.310.930.23-0.13-2750.12
atrnil38.27-158542332316.069290.0710994.44-5713.63-9297.841.630.1-0.24-4804.31

In the table above, row 1 shows the best exit criterion. Profit factor is 0.68. 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.
ASIANPAINT Performance, Profit Factor:0.681

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019112 Jul 2019 (-1.85%)
2018224 Jan 2018 (4.31%), 12 Feb 2018 (4.13%)
2011325 Mar 2011 (-1.66%), 31 Mar 2011 (-1.28%), 01 Apr 2011 (-1.37%)
2006114 Jul 2006 (-1.96%)
2004622 Jan 2004 (-1.63%), 30 Jan 2004 (5.88%), 27 Apr 2004 (-1.89%), 04 May 2004 (-1.93%), 23 Aug 2004 (-1.41%), 15 Sep 2004 (-1.67%)
2003602 Jan 2003 (-1.65%), 15 Jan 2003 (-1.01%), 29 Jan 2003 (3.21%), 01 Apr 2003 (-1.03%), 08 Apr 2003 (-1.32%), 23 Apr 2003 (-1.62%)
20011529 Jan 2001 (-1.22%), 02 Feb 2001 (-1.52%), 05 Feb 2001 (-1.84%), 22 Feb 2001 (5.96%), 05 Mar 2001 (-1.96%), 27 Apr 2001 (-1.57%), 15 May 2001 (-1.87%), 16 May 2001 (-1.43%), 17 May 2001 (-1.56%), 30 May 2001 (-1.74%), 19 Jul 2001 (-1.76%), 25 Jul 2001 (-1.6%), 17 Sep 2001 (-1.89%), 20 Sep 2001 (-1.86%), 21 Sep 2001 (-1.77%)
2000321 Jun 2000 (-1.23%), 07 Nov 2000 (-1.36%), 08 Nov 2000 (5.74%)
1999130 Mar 1999 (-1.89%)
1998204 Feb 1998 (5.87%), 23 Mar 1998 (-1.82%)
1997305 Jun 1997 (3.25%), 11 Jun 1997 (-1.8%), 16 Jun 1997 (-1.35%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play