Study: Sell CONCOR when RSI is below 50 and there is Bearish Crossover in MACD and ADX is Trending

home > technical-strategy > concor > 28

In this study, we evaluate the performance of strategy "Sell CONCOR when RSI is below 50 and there is Bearish 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: sell CONCOR 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
1-21461.5131161551.612515.297359.36-4113.74-15830.760.610.65-0.034-692.31
2-25765.2431171454.843297.847883.03-5844.89-27050.150.560.69-0.025-831.14
3-70995.831151648.393244.949880.95-7479.37-32850.010.430.41-0.06-2290.19
4-75945.731161551.613285.168954.58-8567.22-37603.990.380.41-0.056-2449.86
5-93350.2231131841.944519.2412482.84-8450.02-55811.740.530.39-0.056-3011.3
6-10005731121938.716581.0514274.49-9422.63-53910.150.70.44-0.056-3227.66
7-98957.9631141745.166083.0817987.49-10830.65-52579.030.560.46-0.054-3192.19
8-13124831112035.487376.817262.63-10619.63-46731.640.690.38-0.074-4233.8
9-10228031121938.718137.7315418.73-10522.77-37223.670.770.49-0.061-3299.35
10-10129631112035.489829.216781.08-10470.85-34323.750.940.52-0.06-3267.61
Although, strategy looks good but profit factor on day 1 is less than minimum accepted value so avoid this, see below for further analysis.

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
atrnil317.83-94701.89306242023805.0632046.27-9897.18-27506.272.410.6-0.05-3156.73
atrnil215.5-1197623072323.3315750.5521364.18-10000.67-27506.271.570.48-0.077-3992.05
atrtrail25.91-1095383382524.246762.9514567.4-6545.65-16009.741.030.33-0.11-3319.32
atrtrail36.03-1171143382524.245815.8410727.36-6545.65-16009.740.890.28-0.13-3548.92
atrtrail-16.03-1171143382524.245815.8410727.36-6545.65-16009.740.890.28-0.13-3548.92

In the table above, row 1 shows the best exit criterion. Profit factor is 0.6. This strategy is not profitable and we advice you not to use it.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
CONCOR Performance, Profit Factor:0.601

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019109 Jul 2019 (-2.74%)
2018129 Jan 2018 (8.81%)
2015320 Apr 2015 (-3.86%), 23 Jul 2015 (12.48%), 28 Sep 2015 (-5.05%)
2014110 Oct 2014 (-3.75%)
2013424 May 2013 (-3.19%), 10 Jun 2013 (-4.33%), 03 Oct 2013 (-3.38%), 11 Nov 2013 (-3.28%)
2012201 Mar 2012 (-3.76%), 13 Jul 2012 (-2.97%)
2011223 Mar 2011 (-4.01%), 20 Apr 2011 (12.77%)
2010328 Apr 2010 (-4.33%), 18 Oct 2010 (-2.8%), 20 Dec 2010 (10.41%)
2009125 Nov 2009 (-4.13%)
2008228 Apr 2008 (-3.79%), 20 Nov 2008 (-8.21%)
2007307 Jun 2007 (-4.86%), 26 Sep 2007 (10.93%), 13 Nov 2007 (-5.44%)
2006123 Feb 2006 (-3.43%)
2002317 Apr 2002 (-7.5%), 24 Jun 2002 (16.02%), 19 Dec 2002 (-6.26%)
2001102 Jul 2001 (-13.75%)
2000211 Jan 2000 (-7.22%), 12 Jan 2000 (-6.73%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play