Study: Sell ENGINERSIN when RSI is below 50 and there is Bearish Crossover in MACD

home > technical-strategy > enginersin > 26

In this study, we evaluate the performance of strategy "Sell ENGINERSIN when RSI is below 50 and there is Bearish Crossover in MACD" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell ENGINERSIN 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
156399.9688394944.324903.8512523.43-2752.04-10898.661.781.420.029640.91
2-1264.4588484054.554733.5316466.49-5711.85-35883.670.830.99-0.00043-14.37
3-12311988474153.415659.8228197.04-9490.99-53294.980.60.68-0.029-1399.08
4-129691884444507319.0121208.44-10266.54-388000.710.71-0.028-1473.77
5-59016.888424647.739330.5229971.68-9802.15-37894.030.950.87-0.012-670.65
6-12409088434548.8610243.5251717.77-12545.81-500000.820.78-0.021-1410.12
721102.1888474153.4111056.9648023.64-12160.37-52852.050.911.040.0034239.8
844133.4988513757.9511295.650744.98-14376.82-49851.460.791.080.0065501.52
914272488503856.8213522.0254631.27-14036.24-53319.920.961.270.0191621.86
1016524888493955.6814615.9746004.19-14126.51-54099.821.031.30.0221877.82

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 1.42. Strategy is showing mildly bearish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 44.32%, which is not acceptable. Avoid this strategy. Average return per trade is 0.32%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.029, which is low, don't trade solely on the basis of this study.

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
atrtrail35.2116840599415841.4113745.2951683.73-6812.97-18144.262.021.430.0281701.06
nilnil-1156399.9688394944.324903.8512523.43-2752.04-10898.661.781.420.029640.91
atrtrail24.54143605102435942.1612816.3334455.82-6906.73-18144.261.861.350.0281407.9
atrnil39.2219286993296431.1826112.5868422.07-8818.68-18144.262.961.340.0272073.86
atrnil26.21164489101416040.5916781.3145614.71-8725.74-18144.261.921.310.0271628.61
atrtrail-15.6237280.2398405840.8210758.433369.57-6776.82-18144.261.591.090.0078380.41

In the table above, row 1 shows the best exit criterion. Profit factor is 1.43. Strategy is showing mildly bearish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 41.41%, which is not acceptable. Avoid this strategy. Average return per trade is 0.85%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.028, which is low, don't trade solely on the basis of this study.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
ENGINERSIN Performance, Profit Factor:1.43

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019322 Apr 2019 (4.84%), 10 Jun 2019 (0.02%), 05 Jul 2019 (1.53%)
20181022 Feb 2018 (-3.87%), 08 Mar 2018 (-3.61%), 19 Mar 2018 (0.95%), 18 Apr 2018 (-0.23%), 15 May 2018 (7.96%), 28 Jun 2018 (-3.63%), 19 Jul 2018 (-4.2%), 11 Sep 2018 (-3.98%), 21 Sep 2018 (15.19%), 20 Nov 2018 (2.22%)
2017315 Feb 2017 (-3.58%), 27 Mar 2017 (-0.33%), 28 Jun 2017 (-1.53%)
2016507 Jan 2016 (-4.22%), 04 May 2016 (-3.48%), 14 Oct 2016 (-3.83%), 02 Nov 2016 (2.69%), 30 Dec 2016 (-4.69%)
2015728 Jan 2015 (-0.13%), 24 Feb 2015 (0.25%), 23 Mar 2015 (2.52%), 22 Apr 2015 (5.02%), 08 Jun 2015 (-3.35%), 11 Aug 2015 (11.76%), 09 Dec 2015 (-2.38%)
2014702 Jan 2014 (-0.68%), 27 Jan 2014 (-3.24%), 28 Jan 2014 (1.65%), 04 Mar 2014 (-2.94%), 10 Oct 2014 (-3.21%), 11 Nov 2014 (-2.94%), 16 Dec 2014 (-0.47%)
2013416 Jan 2013 (7.21%), 18 Mar 2013 (11.18%), 05 Aug 2013 (3.93%), 19 Aug 2013 (-3.54%)
2012402 May 2012 (10.43%), 01 Jun 2012 (-3.59%), 19 Oct 2012 (2.8%), 13 Dec 2012 (-1.35%)
2011910 Jan 2011 (8.95%), 13 Apr 2011 (3.06%), 23 Jun 2011 (-3.1%), 18 Jul 2011 (-2.81%), 02 Aug 2011 (1.7%), 30 Sep 2011 (-2.19%), 21 Oct 2011 (-1.38%), 16 Nov 2011 (1.3%), 13 Dec 2011 (-2.56%)
2010630 Mar 2010 (-4.46%), 04 May 2010 (-1.7%), 17 May 2010 (19.9%), 26 Jul 2010 (-3.42%), 10 Aug 2010 (-5.05%), 15 Nov 2010 (3.01%)
2009302 Sep 2009 (-2.13%), 11 Sep 2009 (-4.63%), 27 Oct 2009 (-2.88%)
2008405 Mar 2008 (-2.05%), 09 May 2008 (-3.35%), 24 Jun 2008 (-5.75%), 25 Nov 2008 (-9.07%)
2007401 Feb 2007 (4.89%), 06 Jul 2007 (-3.47%), 24 Jul 2007 (2.05%), 08 Oct 2007 (-5.96%)
2006312 May 2006 (0.19%), 19 Jul 2006 (-2.25%), 11 Dec 2006 (0.27%)
2005216 Mar 2005 (3.79%), 18 Apr 2005 (-3.46%)
2004521 Jan 2004 (-3.52%), 03 Feb 2004 (12.11%), 17 Mar 2004 (3.05%), 28 Apr 2004 (-3.67%), 09 Aug 2004 (-2.16%)
2003314 Feb 2003 (2.99%), 20 May 2003 (-1.64%), 15 Sep 2003 (13.97%)
2002529 Aug 2002 (-3.86%), 30 Aug 2002 (-1.82%), 16 Sep 2002 (-6.35%), 01 Oct 2002 (-5.77%), 22 Oct 2002 (5.43%)
2001507 Jun 2001 (-5.44%), 18 Jun 2001 (3.62%), 04 Sep 2001 (11.99%), 31 Oct 2001 (15.33%), 01 Nov 2001 (-6.16%)
2000717 Jan 2000 (24.19%), 22 Feb 2000 (-8.76%), 07 Mar 2000 (10.85%), 02 May 2000 (25.84%), 07 Sep 2000 (-4.43%), 05 Dec 2000 (-3.37%), 18 Dec 2000 (11.15%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play