Study: Buy AXISBANK when above 200 SMA and near 50 SMA and above 50 SMA and RSI is above 50

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In this study, we evaluate the performance of strategy "Buy AXISBANK when above 200 SMA and near 50 SMA and above 50 SMA and RSI is above 50" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy 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. 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
147049.9938201852.634999.8117441.86-2941.46-10951.011.71.890.051238.16
213056738201852.639963.8272093.02-3817.16-12636.432.612.90.0553435.98
315736738211755.2611383.1190116.28-4804.63-15501.642.372.930.0564141.23
419653938261268.4210541.668023.26-6461.87-14247.971.633.530.0825172.08
51468293819195014920.6166860.47-7192.76-19444.442.072.070.0513863.93
613343938201852.6313419.5154651.16-7497.31-200001.791.990.0523511.54
711928138182047.3714903.9861627.91-7449.51-19444.4421.80.0433138.98
812816538221657.8912151.3951162.79-8697.86-19444.441.41.920.0533372.76
918748638231560.5314098.8262209.3-9119.14-22222.221.552.370.0674933.84
1021643638251365.7913813.8683139.53-9916.21-200001.392.680.075695.67

From the table above, we see that best results are achieved by holding positions for 4 trading days. Profit factor is 3.53. Strategy is very good and impressively bullish. Percentage of profitable trades is 68.42%, which is good. Average return per trade is 2.59%, which is very good. Sharpe Ratio is 0.082, 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.
AXISBANK Performance, X=4, Profit Factor:3.53

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2018211 Apr 2018 (-1.37%), 02 Nov 2018 (0.42%)
2017502 Jun 2017 (1.52%), 16 Jun 2017 (-0.48%), 05 Jul 2017 (-1.38%), 28 Aug 2017 (-0.6%), 21 Sep 2017 (-1.22%)
2015230 Apr 2015 (-7.12%), 15 May 2015 (1.49%)
2014323 Jan 2014 (-6.23%), 21 Feb 2014 (6.18%), 14 Oct 2014 (6.53%)
2013116 Apr 2013 (5.98%)
2012104 Apr 2012 (2.56%)
2010308 Jun 2010 (2.47%), 22 Jun 2010 (2.13%), 08 Jul 2010 (5.87%)
2009124 Dec 2009 (0.48%)
2008121 Apr 2008 (2.97%)
2007209 Jan 2007 (14.14%), 09 Apr 2007 (-6.1%)
2006120 Apr 2006 (2.35%)
2005521 Apr 2005 (1.46%), 10 May 2005 (-4.27%), 03 Jun 2005 (1.4%), 02 Sep 2005 (3.87%), 17 Nov 2005 (-2.6%)
2004101 Jul 2004 (-4.62%)
2003225 Feb 2003 (1.14%), 11 Apr 2003 (5.38%)
2002111 Jun 2002 (9.54%)
2000505 Apr 2000 (5.76%), 28 Apr 2000 (3.48%), 05 Jun 2000 (0.14%), 12 Jul 2000 (13.63%), 20 Oct 2000 (2.14%)
1999225 Oct 1999 (-2.78%), 02 Dec 1999 (34.01%)

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-1419653938261268.4210541.668023.26-6461.87-14247.971.633.530.0825172.08
50trail-13.7113658255183732.7312996.6276279.07-2631.27-3964.24.942.40.0442483.31
atrtrail-17.3412379244202445.4513056.9375901.64-5722.76-13212.052.281.90.042813.47
atrnil39.861608903514214024435.1749400.08-8628.66-19632.612.831.890.0584596.87
atrtrail36.0910845344202445.4512289.9435660.38-5722.76-13212.052.151.790.0462464.83
50trail32.3542234.855193634.557259.6310722.49-2658.29-3964.22.731.440.033767.91
atrtrail25.5742550.7944202445.458994.8523773.59-5722.76-13212.051.571.310.023967.06
atrnil28.9746859.613514214016290.1132933.39-8628.66-19632.611.891.260.0221338.85
50nil32.921250.0951153629.418529.4810722.49-2963.67-3928.142.881.20.017416.67
50trail2217949.3158223637.935310.687570.95-2746.82-3964.21.931.180.017309.47
50nil22.2611472.1854193535.195908.227663.64-2879.54-3928.142.051.110.011212.45

In the table above, row 1 shows the best exit criterion. Profit factor is 3.53. Strategy is very good and impressively bullish. Percentage of profitable trades is 68.42%, which is good. Average return per trade is 2.59%, which is very good. Sharpe Ratio is 0.082, 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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