Study: Buy CENTURYTEX when near 200 SMA and above 200 SMA and above 50 SMA and above 20 SMA and RSI is above 50

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In this study, we evaluate the performance of strategy "Buy CENTURYTEX when near 200 SMA and above 200 SMA and above 50 SMA and above 20 SMA and RSI is above 50" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy CENTURYTEX 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
139368.391712570.594457.119067.36-2823.39-10763.451.583.790.112315.79
241286.391710758.827452.0517616.58-4747.73-14207.651.572.240.0662428.61
343638.411710758.828665.8717927.82-6145.75-19524.411.412.010.0572566.97
422020.511710758.8210218.0928852.87-11451.48-29411.760.891.270.0191295.32
514826.991711664.718542.2528226.02-13189.62-26229.510.651.190.013872.18
658195.921711664.7112442.9641909.2-13112.77-24530.660.951.740.0443423.29
770427.091710758.8217238.946476.22-14565.99-26390.571.181.690.0444142.77
861534.331710758.8217040.2359926.57-15552.57-36065.571.11.570.0343619.67
938587.12179852.9416938.1353102.89-14232-49180.331.191.340.0212269.83
1021058.51711664.7113660.2949843.29-21534.11-58142.080.631.160.0111238.74

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 3.79. Strategy is very good and impressively bullish. Percentage of profitable trades is 70.59%, which is good. Average return per trade is 1.16%, which is not very high, don't trade solely on the basis of this study. Maximum losing trade is greater than maximum winning trade which is not good and there can be a huge drawdown before profitability.
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.
CENTURYTEX Performance, X=1, Profit Factor:3.79

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019211 Mar 2019 (2.5%), 12 Sep 2019 (2.18%)
2016107 Apr 2016 (1.38%)
2015124 Mar 2015 (1.69%)
2013105 Nov 2013 (-0.23%)
2012107 Feb 2012 (2.94%)
2011103 Nov 2011 (1.75%)
2010216 Aug 2010 (2.69%), 02 Sep 2010 (-0.17%)
2004216 Jul 2004 (0.26%), 06 Aug 2004 (4.3%)
2003122 Apr 2003 (-0.7%)
2001124 May 2001 (4.53%)
2000116 Jun 2000 (-0.57%)
1999215 Jan 1999 (0.98%), 27 Dec 1999 (1.53%)
1998125 Mar 1998 (-5.38%)

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-1139368.391712570.594457.119067.36-2823.39-10763.451.583.790.112315.79
200nil21.3847352.6724131154.176169.427546.52-2986.35-3993.532.072.440.0861973.03
200trail21.3246636.3251312526169.427546.52-2797.19-3993.532.212.390.0831865.45
atrnil25.741060371911857.8917083.125336.61-10234.61-14347.051.672.30.0815580.91
200nil32.5545531.822291340.919368.4811319.78-2983.42-3993.533.142.170.0682069.63
200trail3234287.462381534.788631.0411319.78-2317.39-3993.533.721.990.0541490.76
atrtrail3565840.67208124016721.738004.91-5661.08-13937.832.951.970.053292.03
atrtrail24.364111208124016505.4925336.61-5661.08-13937.832.921.940.0543205.55
200trail-12.7832081.532381534.788355.2925618.86-2317.39-3993.533.611.920.0411394.85
atrtrail-15.660039.6208124015996.5649013.23-5661.08-13937.832.831.880.0443001.98
atrnil38.7871649.081871138.8925887.6838004.91-9960.42-14347.052.61.650.0453980.5

In the table above, row 1 shows the best exit criterion. Profit factor is 3.79. Strategy is very good and impressively bullish. Percentage of profitable trades is 70.59%, which is good. Average return per trade is 1.16%, which is not very high, don't trade solely on the basis of this study. Maximum losing trade is greater than maximum winning trade which is not good and there can be a huge drawdown before profitability.
Performance of strategy chart over time is same as above.

View performance of other stocks for this trading system.

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