Study: Buy BANKINDIA when RSI is above 50 and there is Bullish Crossover in MACD

home > technical-strategy > bankindia > 30

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

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy 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. 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
1174913109585153.216866.4768231.95-4379.27-15714.291.571.780.0361604.7
2220111109595054.138648.8674564.21-5803.44-17619.051.491.760.0372019.36
3187189109535648.6211617.1259740.26-7652.12-29232.641.521.440.0271717.33
4296326109515846.7914308.164935.06-7472.2-30328.871.911.680.0372718.58
5220053109515846.7914946.1371931.7-9348.26-30897.281.61.410.0262018.84
6299083109575252.2915428.3776271.79-11160.28-49045.881.381.520.0332743.88
7210112109555450.4616268.3876414.09-12678.68-44336.181.281.310.0211927.63
8160489109505945.8718047.3586161.51-12574.22-57553.211.441.220.0151472.37
9268555109555450.4618692.1292636.07-14065.04-52292.781.331.350.0232463.8
10272229109555450.4618796.7177694.77-14103.53-50507.511.331.360.0242497.51

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 1.78. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 53.21%, which is not acceptable. Avoid this strategy. Average return per trade is 0.8%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.036, 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-11174913109585153.216866.4768231.95-4379.27-15714.291.571.780.0361604.7
atrtrail-15.1191097118447437.2916834.8463118.25-7427.51-17342.522.271.350.0221619.47
atrtrail23.52130471130498137.6914782.3527934.11-7331.65-17342.522.021.220.0181003.63
atrnil24.58130972126497738.8916972.6527934.11-9099.84-17342.521.871.190.0171039.46
atrtrail34.13106157121447736.3615379.4641901.16-7409.6-17342.522.081.190.014877.33
atrnil36.4252654.44115328327.8325175.0741901.16-9071.66-17342.522.781.070.0062457.86

In the table above, row 1 shows the best exit criterion. Profit factor is 1.78. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 53.21%, which is not acceptable. Avoid this strategy. Average return per trade is 0.8%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.036, 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:1.78

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019220 May 2019 (-2.0%), 26 Jun 2019 (-0.45%)
2018408 Jun 2018 (-0.55%), 24 Jul 2018 (0.4%), 30 Aug 2018 (0.6%), 14 Dec 2018 (0.51%)
2017224 Mar 2017 (2.14%), 24 Oct 2017 (34.12%)
2016422 Apr 2016 (-0.87%), 22 Aug 2016 (1.1%), 28 Oct 2016 (-0.17%), 11 Nov 2016 (0.98%)
2015104 Aug 2015 (-1.82%)
2014722 Jan 2014 (-2.27%), 28 Apr 2014 (-3.03%), 13 May 2014 (8.31%), 04 Jul 2014 (-1.07%), 12 Sep 2014 (1.69%), 02 Dec 2014 (0.0%), 26 Dec 2014 (-0.7%)
2013302 Apr 2013 (-3.87%), 23 Oct 2013 (0.05%), 24 Dec 2013 (0.99%)
2012415 Mar 2012 (-4.41%), 04 Apr 2012 (-2.12%), 03 Jul 2012 (0.28%), 30 Nov 2012 (-0.2%)
2011516 Feb 2011 (1.23%), 29 Mar 2011 (1.78%), 27 Jun 2011 (-1.51%), 31 Oct 2011 (1.23%), 24 Nov 2011 (-4.72%)
2010430 Mar 2010 (-0.73%), 13 Sep 2010 (-0.67%), 28 Sep 2010 (1.46%), 02 Dec 2010 (-2.53%)
2009718 May 2009 (9.9%), 29 Jun 2009 (-1.67%), 20 Jul 2009 (-2.14%), 28 Aug 2009 (3.8%), 14 Oct 2009 (5.99%), 18 Nov 2009 (-1.73%), 29 Dec 2009 (0.35%)
2008501 Jan 2008 (2.55%), 19 Feb 2008 (-4.19%), 02 Sep 2008 (3.08%), 15 Oct 2008 (2.16%), 05 Nov 2008 (-7.4%)
2007618 Jan 2007 (-1.09%), 16 May 2007 (0.56%), 21 Jun 2007 (3.57%), 30 Aug 2007 (3.04%), 29 Oct 2007 (17.94%), 12 Dec 2007 (0.2%)
20061130 Jan 2006 (0.19%), 14 Feb 2006 (-4.6%), 28 Feb 2006 (0.04%), 05 Apr 2006 (-4.77%), 02 May 2006 (3.36%), 25 Jul 2006 (4.1%), 14 Sep 2006 (-0.97%), 28 Sep 2006 (-1.1%), 31 Oct 2006 (1.67%), 16 Nov 2006 (-0.75%), 28 Dec 2006 (0.95%)
2005703 Feb 2005 (-0.62%), 23 Feb 2005 (-2.6%), 05 May 2005 (-0.81%), 01 Jul 2005 (-1.44%), 12 Sep 2005 (1.73%), 03 Oct 2005 (5.37%), 12 Dec 2005 (6.71%)
2004311 Feb 2004 (0.22%), 03 Nov 2004 (0.82%), 23 Dec 2004 (-1.18%)
20031014 Jan 2003 (1.39%), 24 Feb 2003 (-3.92%), 21 Mar 2003 (1.24%), 02 May 2003 (2.75%), 22 May 2003 (7.13%), 27 Jun 2003 (4.2%), 16 Jul 2003 (-1.76%), 27 Aug 2003 (-2.86%), 03 Oct 2003 (1.66%), 04 Dec 2003 (-1.1%)
2002426 Mar 2002 (0.81%), 12 Apr 2002 (-0.56%), 03 Jun 2002 (8.13%), 22 Nov 2002 (1.69%)
2001403 Jan 2001 (-1.93%), 06 Feb 2001 (5.84%), 13 Jul 2001 (5.71%), 09 Aug 2001 (3.53%)
2000203 Jan 2000 (-2.87%), 11 Dec 2000 (2.33%)
1999716 Apr 1999 (-7.86%), 06 May 1999 (1.27%), 08 Jun 1999 (-5.0%), 29 Jun 1999 (-4.74%), 08 Oct 1999 (-2.69%), 23 Oct 1999 (1.59%), 03 Dec 1999 (4.6%)
1998519 Mar 1998 (-2.26%), 07 Apr 1998 (4.32%), 22 May 1998 (-0.73%), 08 Sep 1998 (1.0%), 28 Dec 1998 (4.73%)
1997206 Aug 1997 (-2.3%), 27 Aug 1997 (-0.32%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play