Study: Sell FEDERALBNK when RSI is overbought

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In this study, we evaluate the performance of strategy "Sell FEDERALBNK when RSI is overbought" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell FEDERALBNK 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
1-46991.6893454848.394768.0815950.35-5449.07-31914.890.880.82-0.014-505.29
28932.9693494452.695743.0929891.3-6192.69-33224.760.931.030.002496.05
3-53118.593474650.547802.1230085.47-9126.48-51954.40.850.87-0.0098-571.17
463936.2393534056.9910259.4128150-11995.3-72149.840.861.130.0073687.49
529216.8793474650.5412732.55126560-12374.2-93973.941.031.050.0031314.16
664887.6193504353.7612263.83127018-12751.25-75407.170.961.120.007697.72
7-20375.4993474650.5413734.09126479-14475.61-975570.950.97-0.002-219.09
89425.193534056.9913835.08127180-18095.86-1182410.761.010.00084101.35
940981.4693543958.0613416.36119876-17525.69-1237790.771.060.0038440.66
10-50304.8793514254.8415060.16119768-19485.07-97882.740.770.94-0.0044-540.91
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
atrtrail-13.98-2629302166415229.6312111.55117875-6829.4-17190.511.770.75-0.019-1217.27
atrnil35.39-3719772044216220.5922968.0938016.79-8250.84-17190.512.780.72-0.029-1823.42
atrtrail33.52-3338682166415229.6311003.1438016.79-6829.4-17190.511.610.68-0.031-1545.68
atrnil24.33-4727232055215325.3715334.0125344.53-8301.25-17190.511.850.63-0.045-2305.97
atrtrail23.18-3902292166415229.6310122.525344.53-6829.4-17190.511.480.62-0.041-1806.62

In the table above, row 1 shows the best exit criterion. Profit factor is 0.75. 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.
FEDERALBNK Performance, Profit Factor:0.747

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019201 Apr 2019 (0.12%), 27 May 2019 (2.2%)
2018214 Dec 2018 (-3.43%), 19 Dec 2018 (-0.75%)
20171017 Jan 2017 (-2.77%), 19 Jan 2017 (-2.81%), 20 Jan 2017 (-0.09%), 02 Feb 2017 (-1.84%), 09 Feb 2017 (0.61%), 28 Apr 2017 (-2.73%), 02 May 2017 (-2.54%), 05 May 2017 (4.62%), 20 Sep 2017 (5.71%), 16 Oct 2017 (-1.92%)
2016907 Jun 2016 (-3.43%), 08 Jun 2016 (-1.72%), 15 Jun 2016 (3.12%), 04 Jul 2016 (-1.98%), 11 Jul 2016 (-2.8%), 01 Sep 2016 (-2.58%), 06 Sep 2016 (-2.48%), 07 Sep 2016 (1.99%), 26 Oct 2016 (3.38%)
2015202 Jul 2015 (-3.03%), 03 Jul 2015 (-0.8%)
20141407 Mar 2014 (-3.01%), 12 Mar 2014 (-1.02%), 22 Mar 2014 (-3.23%), 24 Mar 2014 (-3.33%), 27 Mar 2014 (-3.23%), 31 Mar 2014 (-0.39%), 10 Apr 2014 (4.07%), 14 May 2014 (-1.69%), 16 May 2014 (-3.79%), 19 May 2014 (-3.88%), 21 May 2014 (-3.77%), 22 May 2014 (-3.71%), 26 May 2014 (-0.32%), 06 Jun 2014 (-3.31%)
2013514 Oct 2013 (-0.99%), 21 Oct 2013 (-4.98%), 24 Oct 2013 (2.02%), 31 Oct 2013 (-5.11%), 05 Nov 2013 (-0.02%)
20121225 Jan 2012 (1.31%), 15 Feb 2012 (-3.3%), 16 Feb 2012 (-3.27%), 17 Feb 2012 (6.0%), 02 Jul 2012 (9.07%), 09 Oct 2012 (-1.75%), 11 Oct 2012 (-2.45%), 12 Oct 2012 (-2.5%), 18 Oct 2012 (2.98%), 10 Dec 2012 (1.47%), 19 Dec 2012 (-1.55%), 27 Dec 2012 (2.45%)
2011530 Mar 2011 (-1.66%), 08 Apr 2011 (-1.99%), 13 Apr 2011 (-3.16%), 15 Apr 2011 (-2.08%), 19 Apr 2011 (7.86%)
20101518 Jan 2010 (-3.0%), 20 Jan 2010 (4.18%), 23 Apr 2010 (0.12%), 20 May 2010 (0.58%), 31 May 2010 (2.96%), 09 Jul 2010 (-1.17%), 09 Sep 2010 (-2.31%), 15 Sep 2010 (0.31%), 28 Sep 2010 (0.02%), 05 Oct 2010 (-2.36%), 11 Oct 2010 (-2.71%), 14 Oct 2010 (-0.17%), 19 Oct 2010 (-3.01%), 21 Oct 2010 (-0.64%), 01 Nov 2010 (6.98%)
20091002 Jan 2009 (9.8%), 09 Apr 2009 (-5.38%), 13 Apr 2009 (1.44%), 20 Apr 2009 (-0.79%), 27 Apr 2009 (-0.02%), 18 May 2009 (-5.8%), 19 May 2009 (-6.39%), 21 May 2009 (1.36%), 26 May 2009 (-6.86%), 04 Jun 2009 (-0.46%)
2008211 Aug 2008 (6.83%), 30 Dec 2008 (-3.32%)
20071812 Jan 2007 (-3.85%), 16 Jan 2007 (-3.81%), 17 Jan 2007 (2.06%), 09 May 2007 (-3.47%), 11 May 2007 (-3.89%), 14 May 2007 (-3.71%), 18 May 2007 (-4.74%), 22 May 2007 (0.66%), 02 Jul 2007 (0.08%), 13 Jul 2007 (-3.38%), 16 Jul 2007 (-3.5%), 17 Jul 2007 (1.17%), 30 Jul 2007 (-3.78%), 02 Aug 2007 (12.94%), 03 Oct 2007 (2.44%), 07 Nov 2007 (-4.19%), 12 Nov 2007 (-2.99%), 16 Nov 2007 (29.29%)
2006404 Apr 2006 (1.32%), 03 May 2006 (-2.09%), 30 Aug 2006 (0.29%), 04 Sep 2006 (8.74%)
2005208 Jul 2005 (-3.89%), 11 Jul 2005 (-0.13%)
20041401 Jan 2004 (-4.72%), 02 Jan 2004 (3.67%), 12 Jan 2004 (-4.07%), 15 Jan 2004 (14.56%), 19 Mar 2004 (-1.2%), 26 Mar 2004 (-5.32%), 29 Mar 2004 (0.09%), 15 Apr 2004 (-2.28%), 13 Sep 2004 (1.08%), 27 Sep 2004 (4.58%), 04 Nov 2004 (-3.12%), 16 Nov 2004 (-3.02%), 17 Nov 2004 (-2.28%), 24 Nov 2004 (58.94%)
20032615 Jan 2003 (-3.58%), 16 Jan 2003 (-3.7%), 17 Jan 2003 (-3.38%), 21 Jan 2003 (-3.73%), 22 Jan 2003 (7.85%), 09 May 2003 (-4.09%), 12 May 2003 (-4.02%), 13 May 2003 (-4.17%), 14 May 2003 (-4.11%), 15 May 2003 (2.56%), 20 May 2003 (-5.29%), 21 May 2003 (-5.28%), 23 May 2003 (-5.04%), 26 May 2003 (-2.62%), 28 May 2003 (-5.12%), 30 May 2003 (-3.69%), 04 Jun 2003 (3.48%), 29 Jul 2003 (2.13%), 06 Nov 2003 (0.7%), 03 Dec 2003 (-4.6%), 04 Dec 2003 (0.18%), 09 Dec 2003 (-4.85%), 12 Dec 2003 (-4.5%), 15 Dec 2003 (-2.98%), 18 Dec 2003 (-1.63%), 29 Dec 2003 (-3.63%)
20022204 Feb 2002 (-4.17%), 05 Feb 2002 (-4.62%), 06 Feb 2002 (-4.79%), 07 Feb 2002 (-5.03%), 08 Feb 2002 (-5.05%), 11 Feb 2002 (-5.01%), 12 Feb 2002 (-2.29%), 14 Feb 2002 (-5.24%), 18 Feb 2002 (-5.23%), 19 Feb 2002 (-6.17%), 21 Feb 2002 (-6.08%), 22 Feb 2002 (14.12%), 05 Mar 2002 (-8.29%), 06 Mar 2002 (-2.46%), 11 Mar 2002 (-2.36%), 14 Mar 2002 (-8.6%), 02 Dec 2002 (-2.93%), 09 Dec 2002 (-2.94%), 11 Dec 2002 (-3.37%), 12 Dec 2002 (-3.47%), 16 Dec 2002 (-3.56%), 18 Dec 2002 (5.9%)
2001406 Dec 2001 (-2.77%), 07 Dec 2001 (-2.79%), 10 Dec 2001 (-2.06%), 12 Dec 2001 (12.23%)
20001021 Jan 2000 (-5.83%), 24 Jan 2000 (-5.55%), 25 Jan 2000 (-5.3%), 27 Jan 2000 (-5.09%), 28 Jan 2000 (-4.91%), 31 Jan 2000 (-4.75%), 01 Feb 2000 (-5.93%), 02 Feb 2000 (-5.63%), 03 Feb 2000 (-5.72%), 04 Feb 2000 (27.79%)
1999908 Jan 1999 (13.06%), 05 Mar 1999 (-4.61%), 08 Mar 1999 (-4.5%), 09 Mar 1999 (18.23%), 12 Jul 1999 (3.11%), 27 Oct 1999 (-5.02%), 03 Dec 1999 (-4.55%), 06 Dec 1999 (13.86%), 23 Dec 1999 (-5.39%)
1998901 Jan 1998 (0.61%), 25 Mar 1998 (-1.06%), 06 Apr 1998 (-4.01%), 07 Apr 1998 (-4.05%), 09 Apr 1998 (-4.11%), 13 Apr 1998 (-4.44%), 15 Apr 1998 (-4.39%), 16 Apr 1998 (-3.64%), 22 Apr 1998 (7.75%)
1997405 Mar 1997 (10.6%), 05 Aug 1997 (-3.36%), 06 Aug 1997 (3.66%), 29 Dec 1997 (1.32%)
1996612 Feb 1996 (-1.96%), 14 Feb 1996 (2.98%), 19 Apr 1996 (-3.01%), 24 Apr 1996 (-3.47%), 25 Apr 1996 (-2.73%), 30 Apr 1996 (-1.76%)



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