Study: Sell AXISBANK when RSI is overbought

home > technical-strategy > axisbank > 61

In this study, we evaluate the performance of strategy "Sell AXISBANK when RSI is overbought" 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
1-44695.0695484750.534654.1215911.19-5704.1-50267.380.820.83-0.012-470.47
2-93245.1895514453.685455.6430527.29-8442.79-66844.920.650.75-0.019-981.53
3-13739995464948.426288.838112.86-8707.83-52215.190.720.68-0.027-1446.31
4-13194695514453.686770.8439592.97-10846.8-72468.350.620.72-0.022-1388.91
5-13887595514453.688045.4839963-12481.69-50949.370.640.75-0.023-1461.84
6-78076.9495554057.898796.7847178.54-14047.5-40641.710.630.86-0.012-821.86
7-72163.9395504552.639924.8946808.51-12631.3-59342.560.790.87-0.011-759.62
8-11349095494651.5810416.9546993.52-13563.49-51730.10.770.82-0.016-1194.63
9-24583295455047.3710665.5440518.04-14515.63-66455.70.730.66-0.032-2587.71
10-23123095445146.3211198.9540333.02-14195.76-81283.420.790.68-0.028-2434
Although, strategy looks good but profit factor on day 3 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
atrtrail23.23-3310452096714232.068807.4327635.69-6486.92-13757.041.360.64-0.04-1583.95
atrnil24.95-4740191945014425.7713632.1826633.82-8025.19-13757.041.70.59-0.054-2443.4
atrnil36.49-5302521903415617.8920603.3839950.72-7889.53-13757.042.610.57-0.053-2790.8
atrtrail33.57-4074382086614231.737674.5841453.54-6436.34-13757.041.190.55-0.05-1958.84
atrtrail-13.79-4729702076514231.46784.4638981.24-6436.34-13757.041.050.48-0.062-2284.88

In the table above, row 1 shows the best exit criterion. Profit factor is 0.64. 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.
AXISBANK Performance, Profit Factor:0.641

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019431 Jan 2019 (5.1%), 28 Mar 2019 (1.57%), 27 May 2019 (-1.22%), 04 Jun 2019 (0.05%)
2018817 Jan 2018 (-1.99%), 18 Jan 2018 (-2.08%), 22 Jan 2018 (-2.3%), 23 Jan 2018 (4.59%), 09 Aug 2018 (-0.33%), 16 Aug 2018 (-2.94%), 24 Aug 2018 (-2.67%), 28 Aug 2018 (5.15%)
2017123 Feb 2017 (1.54%)
2016822 Apr 2016 (-1.35%), 26 Apr 2016 (1.44%), 11 May 2016 (-0.24%), 26 May 2016 (-1.29%), 03 Jun 2016 (-0.79%), 18 Jul 2016 (4.27%), 12 Aug 2016 (-0.99%), 06 Sep 2016 (4.34%)
2015702 Jan 2015 (4.18%), 20 Jan 2015 (-1.69%), 22 Jan 2015 (-2.46%), 27 Jan 2015 (-2.05%), 02 Feb 2015 (5.71%), 02 Mar 2015 (-0.9%), 16 Jul 2015 (4.5%)
20142028 Feb 2014 (-1.65%), 04 Mar 2014 (-2.61%), 06 Mar 2014 (-2.44%), 07 Mar 2014 (-2.62%), 11 Mar 2014 (5.39%), 28 Mar 2014 (0.15%), 10 Apr 2014 (2.08%), 09 May 2014 (-2.62%), 12 May 2014 (-2.04%), 16 May 2014 (-3.04%), 19 May 2014 (-0.79%), 26 May 2014 (-0.98%), 02 Jun 2014 (-2.87%), 06 Jun 2014 (5.35%), 31 Oct 2014 (-2.25%), 05 Nov 2014 (-2.27%), 07 Nov 2014 (-0.55%), 12 Nov 2014 (0.8%), 01 Dec 2014 (-2.3%), 03 Dec 2014 (4.46%)
20131002 Jan 2013 (0.92%), 15 Jan 2013 (3.68%), 29 Jan 2013 (-2.21%), 30 Jan 2013 (1.32%), 23 Apr 2013 (-3.29%), 25 Apr 2013 (-1.26%), 02 May 2013 (0.71%), 29 Oct 2013 (7.77%), 06 Dec 2013 (-3.19%), 09 Dec 2013 (1.72%)
2012925 Jan 2012 (-0.02%), 08 Feb 2012 (-2.43%), 15 Feb 2012 (-3.4%), 17 Feb 2012 (6.81%), 22 Oct 2012 (0.36%), 27 Nov 2012 (-2.11%), 30 Nov 2012 (-2.03%), 06 Dec 2012 (3.94%), 14 Dec 2012 (0.36%)
20101118 Jan 2010 (-2.74%), 19 Jan 2010 (6.18%), 26 Apr 2010 (-0.55%), 15 Jul 2010 (-2.26%), 20 Jul 2010 (-0.65%), 23 Jul 2010 (4.52%), 15 Sep 2010 (-2.62%), 16 Sep 2010 (-2.7%), 20 Sep 2010 (5.47%), 30 Sep 2010 (-2.89%), 01 Oct 2010 (-1.86%)
2009915 Apr 2009 (-0.6%), 27 Apr 2009 (-1.96%), 04 May 2009 (-5.74%), 12 May 2009 (-1.16%), 18 May 2009 (12.32%), 22 May 2009 (-4.13%), 27 May 2009 (12.56%), 30 Sep 2009 (-2.92%), 01 Oct 2009 (0.92%)
2008504 Jan 2008 (-3.56%), 07 Jan 2008 (-1.91%), 09 Jan 2008 (-3.63%), 11 Jan 2008 (-4.28%), 14 Jan 2008 (8.78%)
20071615 Jan 2007 (-3.73%), 16 Jan 2007 (8.31%), 02 Feb 2007 (8.93%), 16 May 2007 (-2.69%), 21 May 2007 (-3.66%), 23 May 2007 (-0.65%), 18 Jun 2007 (1.41%), 17 Jul 2007 (5.68%), 20 Sep 2007 (-3.62%), 24 Sep 2007 (-3.44%), 26 Sep 2007 (6.35%), 15 Oct 2007 (-4.04%), 16 Oct 2007 (8.28%), 17 Oct 2007 (0.53%), 26 Oct 2007 (-3.69%), 05 Nov 2007 (3.12%)
20061516 Jan 2006 (-3.82%), 17 Jan 2006 (-3.19%), 20 Jan 2006 (-4.18%), 23 Jan 2006 (8.91%), 28 Sep 2006 (0.33%), 06 Oct 2006 (-1.39%), 13 Oct 2006 (-3.17%), 16 Oct 2006 (-2.12%), 20 Oct 2006 (-2.6%), 31 Oct 2006 (-3.11%), 03 Nov 2006 (0.41%), 13 Nov 2006 (-3.05%), 14 Nov 2006 (-1.78%), 16 Nov 2006 (-3.21%), 21 Nov 2006 (6.82%)
2005903 Feb 2005 (-4.8%), 04 Feb 2005 (-4.25%), 10 Mar 2005 (-4.67%), 14 Mar 2005 (8.95%), 11 Jul 2005 (7.46%), 21 Sep 2005 (7.47%), 01 Dec 2005 (-3.52%), 05 Dec 2005 (0.04%), 14 Dec 2005 (7.07%)
20041202 Jan 2004 (1.26%), 09 Jan 2004 (-1.17%), 15 Jan 2004 (-1.91%), 20 Jan 2004 (-1.78%), 29 Jan 2004 (13.82%), 02 Apr 2004 (0.06%), 14 Sep 2004 (2.15%), 06 Oct 2004 (-3.51%), 08 Oct 2004 (-3.56%), 09 Oct 2004 (-3.56%), 11 Oct 2004 (-3.83%), 02 Dec 2004 (1.61%)
20032116 Jan 2003 (-0.78%), 26 May 2003 (-4.41%), 27 May 2003 (-4.58%), 30 May 2003 (0.55%), 03 Jul 2003 (0.95%), 07 Jul 2003 (-5.68%), 08 Jul 2003 (-6.08%), 11 Jul 2003 (-6.87%), 14 Jul 2003 (-3.83%), 17 Jul 2003 (-5.83%), 25 Jul 2003 (-2.57%), 29 Jul 2003 (0.92%), 10 Oct 2003 (-4.27%), 16 Oct 2003 (-2.61%), 02 Dec 2003 (-4.46%), 03 Dec 2003 (-4.64%), 04 Dec 2003 (1.27%), 08 Dec 2003 (-2.1%), 16 Dec 2003 (-5.46%), 22 Dec 2003 (-5.44%), 29 Dec 2003 (-4.36%)
20021724 Jan 2002 (-3.17%), 04 Feb 2002 (-3.55%), 05 Feb 2002 (-3.56%), 06 Feb 2002 (-3.78%), 11 Feb 2002 (-4.59%), 12 Feb 2002 (-4.71%), 13 Feb 2002 (-5.43%), 15 Feb 2002 (-5.23%), 18 Feb 2002 (-5.84%), 20 Feb 2002 (-6.88%), 21 Feb 2002 (-6.7%), 25 Feb 2002 (13.32%), 24 Oct 2002 (1.13%), 26 Nov 2002 (-1.92%), 11 Dec 2002 (-4.85%), 13 Dec 2002 (-4.68%), 16 Dec 2002 (-3.35%)
2001425 Jan 2001 (7.31%), 30 May 2001 (-1.31%), 19 Nov 2001 (-3.6%), 20 Nov 2001 (-0.67%)
20001431 Jan 2000 (-5.77%), 01 Feb 2000 (-5.5%), 02 Feb 2000 (-5.25%), 03 Feb 2000 (-5.05%), 04 Feb 2000 (-4.87%), 07 Feb 2000 (2.26%), 11 Feb 2000 (-6.53%), 14 Jul 2000 (-3.98%), 19 Jul 2000 (9.54%), 16 Nov 2000 (-3.6%), 20 Nov 2000 (-4.58%), 21 Nov 2000 (-4.76%), 22 Nov 2000 (9.84%), 11 Dec 2000 (-4.16%)
1999919 Jul 1999 (-5.14%), 03 Dec 1999 (-4.81%), 06 Dec 1999 (-5.0%), 07 Dec 1999 (-4.9%), 08 Dec 1999 (-0.13%), 16 Dec 1999 (-6.34%), 17 Dec 1999 (-5.98%), 20 Dec 1999 (-5.67%), 21 Dec 1999 (-6.56%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play