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

home > technical-strategy > bel > 32

In this study, we evaluate the performance of strategy "Buy BEL 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 BEL 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
110600439231658.977123.4220000-3614.67-14189.841.972.830.0772718.05
211384639231658.977974.4333415.84-4347.87-12754.291.832.640.0642919.13
317517939211853.8513393.8464480.27-5893.97-16307.792.272.650.0614491.77
423264439231658.9714716.4354210.53-6614.6-17006.372.223.20.0775965.24
529262639251464.116111.1261700.94-7868.03-20243.712.053.660.0967503.22
634964839241561.5418850.8774930.52-6851.5-17458.52.754.40.18965.34
740568739251464.121065.8364257.92-8639.93-19904.052.444.350.1110402.22
828691939241561.5418154.9560700.39-9919.99-24990.451.832.930.087356.9
927340739221756.4118615.9255475.26-8008.39-27588.842.323.010.0847010.45
1030284639231658.9719579.7563002.36-9218.01-37787.122.123.050.0837765.28

From the table above, we see that best results are achieved by holding positions for 6 trading days. Profit factor is 4.4. Strategy is very good and impressively bullish. Percentage of profitable trades is 61.54%, which is good. Average return per trade is 4.48%, which is very good.
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.
BEL Performance, X=6, Profit Factor:4.4

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019102 Apr 2019 (-5.26%)
2015207 Jan 2015 (1.79%), 03 Feb 2015 (-2.84%)
2014414 May 2014 (19.04%), 24 Jun 2014 (8.7%), 27 Oct 2014 (0.44%), 25 Nov 2014 (15.49%)
2013405 Mar 2013 (-2.76%), 03 Jun 2013 (0.98%), 12 Aug 2013 (0.17%), 31 Dec 2013 (-1.02%)
2012113 Mar 2012 (-0.66%)
2010313 Jan 2010 (-0.62%), 08 Mar 2010 (-0.37%), 04 Oct 2010 (2.03%)
2009330 Jan 2009 (4.06%), 20 Jul 2009 (-2.46%), 22 Sep 2009 (10.02%)
2008315 May 2008 (-6.83%), 17 Jun 2008 (-8.73%), 09 Jul 2008 (-6.32%)
2007227 Aug 2007 (4.31%), 11 Oct 2007 (-7.83%)
2006116 Jan 2006 (10.26%)
2005106 May 2005 (2.13%)
2003310 Jan 2003 (-0.67%), 13 Jun 2003 (2.79%), 01 Aug 2003 (0.04%)
2002409 Jan 2002 (37.47%), 05 Feb 2002 (-1.52%), 24 Apr 2002 (18.94%), 12 Jun 2002 (-3.49%)
2001216 Aug 2001 (5.51%), 24 Sep 2001 (6.98%)
2000127 Jan 2000 (22.35%)
1999306 Jul 1999 (10.34%), 23 Jul 1999 (9.16%), 18 Aug 1999 (14.0%)
1998121 May 1998 (19.21%)

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-1634964839241561.5418850.8774930.52-6851.5-17458.52.754.40.18965.34
atrnil38.537009544202445.4529094.0945888.84-8824.46-14307.133.32.750.0918411.24
atrnil25.428486645252055.5618633.2930592.56-9048.32-14307.132.062.570.0936330.35
atrtrail24.2216565545242153.3312940.0430592.56-6900.28-13577.241.882.140.0673681.23
atrtrail-15.4115265944232152.2712937.5947357.62-6900.28-13577.241.872.050.0513469.52
atrtrail34.8714730545232251.1112839.7245888.84-6727.68-13577.241.9120.0513273.44

In the table above, row 1 shows the best exit criterion. Profit factor is 4.4. Strategy is very good and impressively bullish. Percentage of profitable trades is 61.54%, which is good. Average return per trade is 4.48%, which is very good.
Performance of strategy chart over time is same as above.

View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play