Study: Buy ENGINERSIN when RSI is oversold

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In this study, we evaluate the performance of strategy "Buy ENGINERSIN when RSI is oversold" 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
1-61358.8773373650.684457.6416322.66-6285.88-38285.710.710.73-0.023-840.53
2-34007.8273343946.586902.2451754.17-6889.33-30451.1310.87-0.0092-465.86
314256.8873353847.9510050.571908.43-8881.86-36429.841.131.040.0029195.3
414176473413256.1612475.9683578-11554.7-48010.661.081.380.0231941.97
528620673423157.5315060.4176511.57-11171.97-31072.331.351.830.0443920.63
637147373462763.0115067.1689655.17-11911.7-26858.211.262.160.0565088.68
723325373383552.051631666896.55-11050.14-30730.791.481.60.0383195.25
821963773452861.6413770.1468965.52-14286.4-41980.10.961.550.0353008.73
910651273413256.1613985.8154117.94-14590.81-35575.260.961.230.0171459.07
1099103.0873393453.4215138.5763707.46-14450.04-42252.991.051.20.0151357.58
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=6, Profit Factor:2.16

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019208 May 2019 (0.19%), 30 Jul 2019 (1.84%)
2018506 Feb 2018 (5.3%), 16 May 2018 (-8.18%), 30 May 2018 (0.11%), 28 Jun 2018 (7.24%), 05 Oct 2018 (13.93%)
2017110 Aug 2017 (1.57%)
2016204 Feb 2016 (-13.17%), 18 Feb 2016 (-3.24%)
2015326 Mar 2015 (6.5%), 30 Apr 2015 (3.62%), 24 Aug 2015 (5.08%)
2014329 Jan 2014 (0.8%), 13 Aug 2014 (0.23%), 28 Aug 2014 (3.23%)
20131006 Feb 2013 (-6.39%), 22 Feb 2013 (-4.79%), 08 Mar 2013 (-7.86%), 22 Mar 2013 (2.64%), 09 Apr 2013 (7.36%), 12 Jun 2013 (-1.72%), 26 Jun 2013 (-2.27%), 10 Jul 2013 (1.9%), 05 Aug 2013 (3.22%), 26 Nov 2013 (-0.03%)
2012309 May 2012 (-2.13%), 01 Jun 2012 (2.47%), 27 Aug 2012 (-3.5%)
2011513 Jan 2011 (-7.05%), 28 Jan 2011 (5.13%), 23 May 2011 (-2.8%), 05 Sep 2011 (3.31%), 17 Nov 2011 (-2.92%)
2010129 Nov 2010 (3.72%)
2008812 Feb 2008 (17.44%), 24 Mar 2008 (12.73%), 27 May 2008 (-3.89%), 10 Jun 2008 (7.98%), 01 Jul 2008 (3.55%), 17 Jul 2008 (31.09%), 08 Oct 2008 (-11.07%), 23 Oct 2008 (8.69%)
2007105 Mar 2007 (0.77%)
2006419 May 2006 (-8.75%), 02 Jun 2006 (-2.62%), 24 Jul 2006 (0.44%), 20 Nov 2006 (8.96%)
2004425 Feb 2004 (5.97%), 22 Mar 2004 (2.55%), 14 May 2004 (-9.58%), 28 May 2004 (11.75%)
2003104 Mar 2003 (-1.41%)
2002330 Jul 2002 (4.99%), 28 Oct 2002 (-1.48%), 12 Nov 2002 (0.52%)
2001613 Mar 2001 (-9.77%), 27 Mar 2001 (-2.79%), 12 Apr 2001 (10.85%), 30 Jul 2001 (3.63%), 11 Sep 2001 (-13.43%), 27 Dec 2001 (3.92%)
2000825 Jan 2000 (3.79%), 18 Feb 2000 (3.15%), 07 Mar 2000 (-11.11%), 23 Mar 2000 (20.42%), 03 May 2000 (3.87%), 17 May 2000 (-7.67%), 20 Sep 2000 (3.34%), 09 Oct 2000 (-11.17%)
1999204 Nov 1999 (35.34%), 14 Dec 1999 (16.58%)
1998102 Dec 1998 (44.83%)

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
atrtrail24.77290743131527939.6919707.7356616.04-9291.88-24987.632.121.40.0292219.42
atrnil26.21240869118467238.9823851.6556616.04-11893.16-63195.812.011.280.0232041.26
atrnil313.45213284109327729.3635310.3984924.07-11904.53-63195.812.971.230.0181956.73
atrtrail-16.02163004130517939.2317334.4872503.45-9127.27-24987.631.91.230.0171253.87
atrtrail35.58155446130517939.2317186.2951542.03-9127.27-24987.631.881.220.0171195.74

In the table above, row 1 shows the best exit criterion. Profit factor is 1.4. 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 39.69%, which is not acceptable. Avoid this strategy. Average return per trade is 1.11%, 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.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
ENGINERSIN Performance, Profit Factor:1.4

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019308 May 2019 (-0.18%), 13 May 2019 (5.93%), 30 Jul 2019 (0.53%)
20181106 Feb 2018 (3.29%), 16 May 2018 (-2.07%), 18 May 2018 (-2.87%), 21 May 2018 (-3.14%), 23 May 2018 (-3.26%), 24 May 2018 (0.72%), 30 May 2018 (-3.55%), 01 Jun 2018 (-2.68%), 05 Jun 2018 (1.67%), 28 Jun 2018 (-0.83%), 05 Oct 2018 (13.15%)
2017110 Aug 2017 (1.23%)
2016404 Feb 2016 (-3.66%), 10 Feb 2016 (-5.72%), 11 Feb 2016 (-1.84%), 16 Feb 2016 (13.96%)
2015526 Mar 2015 (-3.34%), 27 Mar 2015 (7.0%), 30 Apr 2015 (7.18%), 24 Aug 2015 (-5.66%), 25 Aug 2015 (2.96%)
2014429 Jan 2014 (-3.45%), 03 Feb 2014 (7.27%), 13 Aug 2014 (-0.68%), 21 Aug 2014 (-1.59%)
20131806 Feb 2013 (-2.26%), 08 Feb 2013 (-1.59%), 14 Feb 2013 (-0.69%), 22 Feb 2013 (-2.88%), 27 Feb 2013 (-3.43%), 04 Mar 2013 (-3.45%), 13 Mar 2013 (-3.28%), 18 Mar 2013 (-3.73%), 20 Mar 2013 (-3.18%), 22 Mar 2013 (-0.32%), 09 Apr 2013 (8.65%), 12 Jun 2013 (-3.85%), 24 Jun 2013 (-3.28%), 27 Jun 2013 (-1.91%), 12 Jul 2013 (-2.33%), 05 Aug 2013 (-3.27%), 06 Aug 2013 (7.55%), 26 Nov 2013 (7.92%)
2012509 May 2012 (-3.82%), 14 May 2012 (1.08%), 01 Jun 2012 (8.54%), 27 Aug 2012 (-3.55%), 30 Aug 2012 (7.42%)
2011813 Jan 2011 (-2.91%), 14 Jan 2011 (-3.17%), 21 Jan 2011 (-2.11%), 28 Jan 2011 (6.92%), 23 May 2011 (-2.73%), 25 May 2011 (5.67%), 05 Sep 2011 (6.14%), 17 Nov 2011 (1.33%)
2010129 Nov 2010 (5.72%)
20081212 Feb 2008 (14.97%), 24 Mar 2008 (5.67%), 27 May 2008 (-2.98%), 04 Jun 2008 (9.09%), 09 Jun 2008 (11.84%), 01 Jul 2008 (-8.51%), 02 Jul 2008 (-3.86%), 17 Jul 2008 (14.56%), 08 Oct 2008 (-8.4%), 16 Oct 2008 (-9.65%), 24 Oct 2008 (-10.26%), 27 Oct 2008 (23.29%)
2007105 Mar 2007 (-3.35%)
2006819 May 2006 (-5.89%), 22 May 2006 (-4.95%), 29 May 2006 (-9.48%), 02 Jun 2006 (-9.84%), 07 Jun 2006 (-12.49%), 08 Jun 2006 (28.31%), 24 Jul 2006 (15.35%), 20 Nov 2006 (6.79%)
2004625 Feb 2004 (9.72%), 22 Mar 2004 (10.43%), 14 May 2004 (-7.52%), 17 May 2004 (20.8%), 20 May 2004 (-10.09%), 31 May 2004 (18.87%)
2003304 Mar 2003 (-3.68%), 05 Mar 2003 (-4.93%), 07 Mar 2003 (-3.97%)
2002830 Jul 2002 (-5.01%), 31 Jul 2002 (10.37%), 28 Oct 2002 (-1.71%), 07 Nov 2002 (-1.3%), 11 Nov 2002 (-6.34%), 12 Nov 2002 (0.63%), 18 Nov 2002 (-6.87%), 20 Nov 2002 (14.63%)
20011513 Mar 2001 (-7.36%), 14 Mar 2001 (-6.65%), 19 Mar 2001 (-7.5%), 23 Mar 2001 (-2.74%), 02 Apr 2001 (-3.95%), 12 Apr 2001 (13.03%), 30 Jul 2001 (-4.14%), 31 Jul 2001 (3.43%), 11 Sep 2001 (-4.07%), 12 Sep 2001 (-4.35%), 13 Sep 2001 (-4.56%), 14 Sep 2001 (-5.27%), 17 Sep 2001 (4.89%), 21 Sep 2001 (14.53%), 27 Dec 2001 (9.61%)
20001525 Jan 2000 (-6.16%), 31 Jan 2000 (17.81%), 18 Feb 2000 (-8.29%), 22 Feb 2000 (17.53%), 07 Mar 2000 (-11.4%), 09 Mar 2000 (-11.88%), 13 Mar 2000 (-11.65%), 21 Mar 2000 (25.68%), 03 May 2000 (-3.69%), 16 May 2000 (-5.83%), 22 May 2000 (17.18%), 20 Sep 2000 (-2.39%), 09 Oct 2000 (-5.57%), 10 Oct 2000 (-6.24%), 11 Oct 2000 (3.26%)
1999204 Nov 1999 (15.29%), 14 Dec 1999 (6.3%)
1998102 Dec 1998 (16.72%)



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