Study: Buy CONCOR when there is Golden Cross (50 DMA > 200 DMA)

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In this study, we evaluate the performance of strategy "Buy CONCOR when there is Golden Cross (50 DMA > 200 DMA)" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy 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. 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
127270.05149564.294413.8710365.5-2490.95-6111.771.773.190.11947.86
21162.06148657.143813.778677.48-4891.35-18374.610.781.040.00383
37027.08148657.145235.613135.24-5809.61-19260.90.91.20.015501.93
44794.851477505576.7311106-4891.75-20685.291.141.140.01342.49
5-5322.241477505080.1122488.01-5840.43-21413.310.870.87-0.0097-380.16
611848.651477508224.2623302.88-6531.6-16966.051.261.260.02846.33
718413.37148657.148371.0323460.6-8092.48-17059.331.031.380.031315.24
829161.11148657.148144.623066.31-5999.29-11753.791.361.810.0542082.94
919334.03137653.857248.0918781.63-5233.76-10885.621.381.620.0441487.23
103231.62135838.4610167.5216060.98-5950.75-13556.931.711.070.0066248.59

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 3.19. Strategy is very good and impressively bullish. Percentage of profitable trades is 64.29%, which is good. Average return per trade is 0.97%, which is not very high, 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.
CONCOR Performance, X=1, Profit Factor:3.19

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019228 Jun 2019 (1.41%), 03 Oct 2019 (-2.7%)
2018207 Jun 2018 (1.12%), 26 Dec 2018 (2.12%)
2017125 Apr 2017 (0.0%)
2016108 Jun 2016 (-0.47%)
2014126 Feb 2014 (0.4%)
2013115 Feb 2013 (2.21%)
2012110 Aug 2012 (1.64%)
2009119 May 2009 (1.83%)
2004128 Sep 2004 (3.95%)
2003127 May 2003 (-3.06%)
2002105 Feb 2002 (5.18%)
1999127 Aug 1999 (0.0%)

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-1127270.05149564.294413.8710365.5-2490.95-6111.771.773.190.11947.86
atrnil38.1939409.141651131.2522177.2434230.87-6497.91-9553.733.411.550.042463.07
atrtrail23.6721676.491871138.8912133.522820.58-5750.73-12229.582.111.340.0281204.25
atrnil24.0620538.091871138.8914039.9122820.58-7067.39-12229.581.991.260.0241141.01
atrtrail34.38-3093.861651131.2510086.4917581.14-4866.03-8511.392.070.94-0.0055-193.37
atrtrail-14.88-16915.211651131.257322.2217451.45-4866.03-8511.391.50.68-0.034-1057.2

In the table above, row 1 shows the best exit criterion. Profit factor is 3.19. Strategy is very good and impressively bullish. Percentage of profitable trades is 64.29%, which is good. Average return per trade is 0.97%, which is not very high, 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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