Study: Sell BANKINDIA when RSI is below 50 and there is Bearish Crossover in MACD

home > technical-strategy > bankindia > 26

In this study, we evaluate the performance of strategy "Sell BANKINDIA when RSI is below 50 and there is Bearish Crossover in MACD" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell BANKINDIA 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
191481.24115674858.263942.2116420.17-3596.81-16126.981.11.530.034795.49
287374.33115635254.786946.5131773.63-6735.69-45994.121.031.250.017759.78
399480.51114654957.027031.0247752.91-7296.65-36944.170.961.280.018872.64
4169056114664857.898264.1842130.57-7841.26-33170.731.051.450.031482.95
5148597114664857.898382.9635472.54-8430.81-40783.550.991.370.0251303.48
6136576114605452.6310400.0231731.2-9026.39-47443.681.151.280.021198.03
741489.86114615353.5110209.4530536.45-10967.67-91831.540.931.070.0051363.95
842189.35114615353.5111415.5832420.09-12342.66-79921.650.921.060.0048370.08
9109198114635155.261250638712.41-13307.46-95553.380.941.160.011957.88
10122733114605452.6314069.2546901.03-13359.67-96493.631.051.170.0121076.6

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 1.53. 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 58.26%, which is not acceptable. Avoid this strategy. Average return per trade is 0.4%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.034, which is low, don't trade solely on the basis of this study.

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-1191481.24115674858.263942.2116420.17-3596.81-16126.981.11.530.034795.49
atrnil27.596217.32118457338.1418594.3229888.86-10144.21-17548.561.831.130.012815.4
atrtrail35.1949356.34124487638.7111737.3444833.29-6763.63-17336.981.741.10.0073398.04
atrtrail24.6643397.84124487638.7111613.229888.86-6763.63-17336.981.721.080.007349.98
atrnil310.7928612.41111308127.0328174.3444833.29-10081.7-17548.562.791.040.0031257.77
atrtrail-15.56-3542.94124487638.7110635.2731943.99-6763.63-17336.981.570.99-0.00057-28.57

In the table above, row 1 shows the best exit criterion. Profit factor is 1.53. 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 58.26%, which is not acceptable. Avoid this strategy. Average return per trade is 0.4%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.034, 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.
BANKINDIA Performance, X=1, Profit Factor:1.53

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019410 Jun 2019 (-1.43%), 22 Aug 2019 (-3.21%), 01 Oct 2019 (-1.31%), 13 Nov 2019 (-1.15%)
20181010 Jan 2018 (-0.64%), 01 Feb 2018 (3.88%), 23 Apr 2018 (1.41%), 15 May 2018 (2.26%), 04 Jun 2018 (1.37%), 19 Jun 2018 (-0.11%), 12 Jul 2018 (3.71%), 13 Aug 2018 (-0.5%), 06 Sep 2018 (-0.53%), 28 Nov 2018 (-2.96%)
2017208 Aug 2017 (-3.87%), 25 Sep 2017 (-0.7%)
2016607 Jan 2016 (-0.78%), 11 Feb 2016 (0.7%), 06 Apr 2016 (2.21%), 29 Apr 2016 (2.59%), 02 Nov 2016 (0.32%), 29 Nov 2016 (-2.62%)
2015707 Jan 2015 (-2.78%), 07 May 2015 (2.39%), 25 May 2015 (0.54%), 21 Jul 2015 (-0.94%), 13 Aug 2015 (-8.06%), 26 Oct 2015 (-0.15%), 04 Dec 2015 (1.3%)
2014716 Apr 2014 (-2.98%), 08 Jul 2014 (0.95%), 31 Jul 2014 (1.0%), 10 Sep 2014 (-3.25%), 24 Sep 2014 (8.21%), 20 Nov 2014 (-1.4%), 12 Dec 2014 (0.09%)
2013320 Mar 2013 (4.68%), 13 May 2013 (0.89%), 25 Jul 2013 (4.49%)
2012219 Mar 2012 (-1.65%), 20 Apr 2012 (3.19%)
20111014 Jan 2011 (-4.86%), 07 Feb 2011 (4.79%), 18 Mar 2011 (-1.43%), 15 Jun 2011 (1.48%), 12 Jul 2011 (0.54%), 26 Jul 2011 (-0.45%), 26 Sep 2011 (-3.33%), 25 Oct 2011 (-1.22%), 21 Nov 2011 (-2.54%), 12 Dec 2011 (2.24%)
2010219 Mar 2010 (2.83%), 08 Dec 2010 (2.62%)
2009509 Jan 2009 (5.5%), 17 Feb 2009 (-0.18%), 29 Apr 2009 (1.91%), 28 Jul 2009 (-0.31%), 14 Dec 2009 (1.87%)
2008421 Feb 2008 (1.91%), 14 Aug 2008 (2.58%), 22 Oct 2008 (5.12%), 20 Nov 2008 (-3.35%)
2007409 Jan 2007 (0.58%), 23 Jan 2007 (0.05%), 19 Oct 2007 (-0.45%), 18 Dec 2007 (0.92%)
2006408 Mar 2006 (1.68%), 10 Apr 2006 (4.02%), 18 May 2006 (3.02%), 17 Jul 2006 (3.8%)
2005615 Feb 2005 (-1.74%), 24 Mar 2005 (-3.22%), 20 Jun 2005 (0.5%), 22 Sep 2005 (0.39%), 10 Oct 2005 (-6.15%), 01 Dec 2005 (-1.21%)
2004319 Feb 2004 (-3.26%), 24 Jun 2004 (0.11%), 12 Aug 2004 (-0.55%)
2003326 Feb 2003 (-1.94%), 01 Jul 2003 (-0.0%), 15 Sep 2003 (-2.08%)
2002202 Sep 2002 (2.2%), 19 Sep 2002 (1.75%)
2001323 Feb 2001 (-0.3%), 22 Jun 2001 (3.42%), 26 Jul 2001 (-0.96%)
2000621 Feb 2000 (1.44%), 07 Mar 2000 (1.84%), 28 Apr 2000 (-0.0%), 28 Jun 2000 (0.4%), 19 Jul 2000 (0.84%), 25 Sep 2000 (0.51%)
19991118 Jan 1999 (1.58%), 16 Mar 1999 (0.24%), 26 Apr 1999 (-0.84%), 27 May 1999 (2.0%), 14 Jun 1999 (0.72%), 01 Jul 1999 (0.71%), 26 Jul 1999 (3.15%), 17 Sep 1999 (1.14%), 21 Oct 1999 (-0.24%), 14 Dec 1999 (-1.83%), 28 Dec 1999 (1.02%)
1998612 Jan 1998 (5.4%), 29 May 1998 (2.28%), 18 Aug 1998 (-1.6%), 23 Sep 1998 (-1.28%), 30 Oct 1998 (0.47%), 30 Nov 1998 (1.66%)
1997508 Aug 1997 (0.39%), 15 Sep 1997 (0.17%), 24 Oct 1997 (0.3%), 13 Nov 1997 (1.29%), 09 Dec 1997 (2.45%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play