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

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In this study, we evaluate the performance of strategy "Buy BANKINDIA when RSI is above 50 and there is Bullish Crossover in MACD and ADX is Trending" 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
110740028131546.4312587.5768231.95-3749.26-8381.163.362.910.0583835.7
215660728151353.5715518.4174564.21-5859.19-15184.732.653.060.0685593.09
31681852814145021758.1959740.26-9744.98-29232.642.232.230.0636006.6
429037228171160.7123815.5664935.06-10408.43-30328.872.293.540.09510370.42
526736328161257.1424569.6471931.7-10479.27-30897.282.343.130.099548.68
628040628171160.7124700.6176271.79-12682.23-49045.881.953.010.08610014.49
726319428171160.7124228.576414.09-13517.27-44336.181.792.770.0789399.8
826670128151353.5728233.2486161.51-12061.33-51969.142.342.70.0749525.04
924449328151353.5727476.6192636.07-12896.64-50263.912.132.460.0678731.88
1017976728171160.7121079.7377694.77-16235.33-50507.511.32.010.0536420.24

From the table above, we see that best results are achieved by holding positions for 4 trading days. Profit factor is 3.54. Strategy is very good and impressively bullish. Percentage of profitable trades is 60.71%, which is good. Average return per trade is 5.19%, which is very good. Sharpe Ratio is 0.095, 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.
BANKINDIA Performance, X=4, Profit Factor:3.54

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019120 May 2019 (7.56%)
2018124 Jul 2018 (17.53%)
2017124 Oct 2017 (31.87%)
2014322 Jan 2014 (-15.16%), 28 Apr 2014 (-0.88%), 13 May 2014 (18.64%)
2013102 Apr 2013 (-5.91%)
2010330 Mar 2010 (5.27%), 13 Sep 2010 (-0.31%), 02 Dec 2010 (-11.5%)
2009114 Oct 2009 (3.91%)
2008119 Feb 2008 (-9.05%)
2006325 Jul 2006 (12.26%), 14 Sep 2006 (-2.16%), 28 Sep 2006 (1.89%)
2005105 May 2005 (-3.25%)
2004123 Dec 2004 (1.88%)
2003214 Jan 2003 (5.16%), 22 May 2003 (14.99%)
2002212 Apr 2002 (9.91%), 25 Nov 2002 (1.99%)
2001203 Jan 2001 (-5.47%), 06 Feb 2001 (32.47%)
2000111 Dec 2000 (7.39%)
1998419 Mar 1998 (-0.22%), 07 Apr 1998 (23.32%), 08 Sep 1998 (-3.33%), 28 Dec 1998 (6.38%)

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-1429037228171160.7123815.5664935.06-10408.43-30328.872.293.540.09510370.42
atrtrail-14.9324373929161355.1722535.8763118.25-8987.27-13737.822.513.090.0848404.81
atrtrail33.618544430161453.3319138.7434830.17-8626.88-13737.822.222.540.0836181.45
atrtrail22.8320151636201655.5616780.9823220.11-8381.44-13737.8222.50.0935597.68
atrnil22.8318980536201655.5616780.9823220.11-9113.42-13737.821.842.30.0855272.35
atrnil34.2316794030131743.3324702.3434830.17-9011.22-13737.822.742.10.0695597.99

In the table above, row 1 shows the best exit criterion. Profit factor is 3.54. Strategy is very good and impressively bullish. Percentage of profitable trades is 60.71%, which is good. Average return per trade is 5.19%, which is very good. Sharpe Ratio is 0.095, 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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