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

home > technical-strategy > axisbank > 10

In this study, we evaluate the performance of strategy "Sell AXISBANK 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 AXISBANK 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
1-7923.971910952.633230.817799.5-4470.23-13150.040.720.8-0.018-417.05
2-20036.31981142.115140.4413755.6-5559.99-14206.020.920.67-0.033-1054.54
3-8733.261910952.634634.7810684.04-6120.12-21067.820.760.84-0.014-459.65
423067.281911857.896764.7315905.69-6418.09-15584.421.051.450.0331214.07
538320.071911857.898171.4713556.37-6445.76-15007.221.271.740.0532016.85
623881.531911857.898361.7620278.83-8512.23-15007.220.981.350.0291256.92
738672.291910952.6310472.8720950.82-7339.6-19913.421.431.590.0432035.38
852716.971911857.8910093.0420267.76-7288.31-20202.021.381.90.0592774.58
953867.791911857.8910127.6221799.75-7192-21645.021.411.940.0582835.15
1075194.531910952.6313976.3435487.96-7174.32-20779.221.952.160.0643957.61
Although, strategy looks good but profit factor on day 2 is less than minimum accepted value so avoid this, see below for further analysis.
AXISBANK Performance, X=10, Profit Factor:2.16

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2018401 Mar 2018 (0.6%), 16 Mar 2018 (4.03%), 15 Jun 2018 (3.39%), 09 Oct 2018 (-2.03%)
2017211 Aug 2017 (-2.84%), 06 Sep 2017 (-5.4%)
2016111 Nov 2016 (5.18%)
2014124 Jan 2014 (6.57%)
2013114 Jun 2013 (-2.1%)
2012225 Apr 2012 (12.2%), 27 Aug 2012 (5.8%)
2010110 Dec 2010 (0.53%)
2008110 Mar 2008 (-2.74%)
2006125 May 2006 (13.83%)
2002331 Jul 2002 (-2.79%), 19 Aug 2002 (-2.45%), 20 Sep 2002 (-1.55%)
2001119 Feb 2001 (17.74%)
2000116 Oct 2000 (-10.39%)

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
atrnil26.3559209.452010105015418.5128472.21-9497.56-17676.511.621.620.0492960.47
atrnil311.328968.17206143025129.5442708.31-8700.65-17676.512.891.240.0191448.41
200nil32.7711709.672671926.929545.0311552.53-2900.29-3933.623.291.210.018450.37
200nil22.151995.632791833.336155.287701.68-2966.77-3933.622.071.040.003773.91
200trail32.21-1806.2728721257506.7810907.82-2588.27-3933.622.90.97-0.003-64.51
200trail21.93-5648.072891932.145119.857271.88-2722.46-3933.621.880.89-0.012-201.72
200trail-13.14-10899.9928721256207.6814057.36-2588.27-3933.622.40.8-0.019-389.29
atrtrail24.14-56594.432271531.827706.2212879.47-7369.2-17676.511.050.49-0.067-2572.47
atrtrail34.73-59846.532271531.827241.6317240.03-7369.2-17676.510.980.46-0.07-2720.3
atrtrail-14.91-67127.982271531.826201.4215268.95-7369.2-17676.510.840.39-0.085-3051.27

In the table above, row 1 shows the best exit criterion. Profit factor is 1.62. 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 50%, which is not acceptable. Avoid this strategy. Average return per trade is 1.48%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.049, 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.
AXISBANK Performance, Profit Factor:1.62

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2018301 Mar 2018 (6.43%), 15 Jun 2018 (4.97%), 09 Oct 2018 (-4.48%)
2017311 Aug 2017 (-2.43%), 18 Aug 2017 (-2.28%), 06 Sep 2017 (-2.0%)
2016111 Nov 2016 (6.33%)
2014124 Jan 2014 (5.75%)
2013114 Jun 2013 (6.44%)
2012225 Apr 2012 (8.08%), 27 Aug 2012 (5.55%)
2010110 Dec 2010 (8.99%)
2008110 Mar 2008 (-8.84%)
2006125 May 2006 (14.24%)
2002431 Jul 2002 (-6.67%), 19 Aug 2002 (-6.58%), 29 Aug 2002 (-5.54%), 20 Sep 2002 (-3.65%)
2001119 Feb 2001 (10.31%)
2000116 Oct 2000 (-5.03%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play