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

home > technical-strategy > enginersin > 32

In this study, we evaluate the performance of strategy "Buy ENGINERSIN 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 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. 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
125653.5640211952.55373.517618.47-4588.94-12858.71.171.290.021641.34
242340.45401624409865.0633290.44-4812.52-17653.472.051.370.0231058.51
3102950402218559965.951956.7-6461.11-14674.91.541.890.0462573.74
411944040192147.512885.2872121.72-5970.51-17683.472.161.950.0442985.99
51477094020205015555.6193891.45-8170.17-22479.951.91.90.0433692.72
61513504020205015804.2795132.84-8236.78-18390.81.921.920.0433783.75
72041804022185517394.59118750-9916.71-26577.061.752.140.0445104.51
819857240211952.518626.49144259-10136.03-28614.781.842.030.044964.29
928043040211952.521955.9159625-9507.57-36050.292.312.550.057010.75
102784844020205023389.03146878-9464.82-41166.272.472.470.0516962.11
Although, strategy looks good but profit factor on day 1 is less than minimum accepted value so avoid this, see below for further analysis.
ENGINERSIN Performance, X=9, Profit Factor:2.55

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019212 Apr 2019 (-8.19%), 20 May 2019 (5.24%)
2018326 Feb 2018 (-6.47%), 14 Mar 2018 (-6.13%), 24 Jul 2018 (4.26%)
2017229 Aug 2017 (1.73%), 19 Dec 2017 (1.67%)
2016122 Jul 2016 (-3.7%)
2015119 Nov 2015 (7.12%)
2014216 May 2014 (1.42%), 06 Jun 2014 (-2.17%)
2013214 Aug 2013 (-5.85%), 09 Dec 2013 (-2.37%)
2012202 Feb 2012 (4.17%), 10 Sep 2012 (0.86%)
2011130 Mar 2011 (-1.2%)
2010220 Apr 2010 (-0.37%), 06 May 2010 (-18.03%)
2009204 May 2009 (-3.36%), 18 May 2009 (19.36%)
2006317 Jan 2006 (-6.5%), 11 Sep 2006 (2.14%), 10 Oct 2006 (-1.44%)
2005404 Apr 2005 (-5.4%), 21 Apr 2005 (3.65%), 12 Jul 2005 (2.73%), 13 Dec 2005 (25.39%)
2004109 Jan 2004 (-5.52%)
2003526 May 2003 (0.56%), 25 Jun 2003 (-2.81%), 04 Aug 2003 (-0.85%), 25 Nov 2003 (2.04%), 22 Dec 2003 (4.07%)
2002319 Mar 2002 (41.08%), 22 May 2002 (10.22%), 14 Jun 2002 (-6.72%)
2001227 Sep 2001 (-3.25%), 05 Nov 2001 (12.21%)
1999204 Aug 1999 (0.83%), 07 Oct 1999 (79.81%)

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
atrtrail-15.4411115745133228.8923759.61131594-6178.68-14552.423.851.560.0232470.16
atrnil25.5787436.6649193038.7817933.8332427.1-8443.54-15446.912.121.350.031784.42
atrtrail24.0659487.5449173234.6915838.6132427.1-6555.28-14552.422.421.280.0231214.03
atrtrail34.8147991.6247143329.7918188.1648640.65-6261.9-14552.422.91.230.0171021.1
atrnil38.8814263.5143113225.5826410.9248640.65-8633.02-15446.913.061.050.0046331.71

In the table above, row 1 shows the best exit criterion. Profit factor is 1.56. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 28.89%, which is not acceptable. Avoid this strategy. Average return per trade is 1.24%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.023, 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:1.56

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019312 Apr 2019 (-2.83%), 20 May 2019 (-3.1%), 21 May 2019 (9.63%)
2018326 Feb 2018 (-3.65%), 14 Mar 2018 (-3.51%), 24 Jul 2018 (2.87%)
2017229 Aug 2017 (-0.03%), 19 Dec 2017 (3.85%)
2016122 Jul 2016 (-1.97%)
2015119 Nov 2015 (4.93%)
2014216 May 2014 (11.47%), 06 Jun 2014 (-1.52%)
2013214 Aug 2013 (-4.4%), 09 Dec 2013 (-3.01%)
2012202 Feb 2012 (6.5%), 10 Sep 2012 (1.79%)
2011130 Mar 2011 (1.24%)
2010220 Apr 2010 (-1.58%), 06 May 2010 (2.59%)
2009204 May 2009 (-7.28%), 18 May 2009 (7.24%)
2006316 Jan 2006 (-1.9%), 11 Sep 2006 (-1.28%), 10 Oct 2006 (-3.25%)
2005504 Apr 2005 (-3.76%), 05 Apr 2005 (-2.44%), 21 Apr 2005 (1.14%), 12 Jul 2005 (-1.2%), 13 Dec 2005 (-3.13%)
2004309 Jan 2004 (-4.11%), 12 Jan 2004 (-2.45%), 20 Jan 2004 (-4.38%)
2003526 May 2003 (-4.41%), 25 Jun 2003 (-4.41%), 04 Aug 2003 (-4.67%), 25 Nov 2003 (-1.08%), 22 Dec 2003 (-3.37%)
2002319 Mar 2002 (35.41%), 22 May 2002 (-0.03%), 14 Jun 2002 (-5.5%)
2001327 Sep 2001 (-5.95%), 05 Nov 2001 (-5.99%), 06 Nov 2001 (-1.02%)
1999204 Aug 1999 (-1.66%), 07 Oct 1999 (65.8%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play