Study: Buy GODFRYPHLP when above 200 SMA and near 50 SMA and above 50 SMA and RSI is above 50

home > technical-strategy > godfryphlp > 22

In this study, we evaluate the performance of strategy "Buy GODFRYPHLP when above 200 SMA and near 50 SMA and above 50 SMA and RSI is above 50" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy GODFRYPHLP 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
1-4394.9529141548.282509.0911675.15-2634.82-8163.270.950.89-0.0085-151.55
2-28454.9629131644.834526.1413285.71-5455.93-18181.820.830.67-0.029-981.21
3-38920.5329131644.835689.317177.25-7055.09-23366.480.810.66-0.032-1342.09
4-42437.3929151451.724203.7212421.05-7535.23-26690.340.560.6-0.037-1463.36
5-50953.9829121741.384745.0313784.4-6346.73-23863.640.750.53-0.049-1757.03
6-5736629121741.385105.9620183.49-6978.68-176000.730.52-0.053-1978.14
7-47388.329121741.386683.8222766.92-7505.53-23196.020.890.63-0.037-1634.08
8-60180.6929111837.936875.8223812.03-7545.26-24218.750.910.56-0.046-2075.2
9-42339.7629131644.837077.7825903.05-8396.93-26704.550.840.68-0.03-1459.99
10-22864.8329141548.287920.8630220.23-8917.13-29545.450.890.83-0.014-788.44

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 0.89. Profit factor is showing that this strategy doesn't give any edge over rendomness and it is only as good as tossing a coin and doing the trade. Percentage of profitable trades is 48.28%, which is not acceptable. Avoid this strategy. Average return per trade is -0.076%, we advise you not to use this strategy.

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
atrnil38.9111533.513392427.2720461.8540321.96-7192.63-11695.052.841.070.0054349.5
atrnil27.593361.7934122235.2913401.8126881.31-7157.27-11695.051.871.020.001998.88
nilnil-11-4394.9529141548.282509.0911675.15-2634.82-8163.270.950.89-0.0085-151.55
atrtrail24.31-19673.539112828.2110799.5320183.46-4945.3-11258.522.180.86-0.013-504.45
atrtrail34.66-37956.3138102826.3210051.2125213.48-4945.3-11258.522.030.73-0.026-998.85
50trail21.89-53529.2655124321.825755.947765.26-2851.18-3902.182.020.56-0.055-973.26
50nil21.98-58063.1355124321.826196.687765.26-3079.61-3902.182.010.56-0.056-1055.69
atrtrail-15.51-65579.523792824.328098.7621235.35-4945.3-11258.521.640.53-0.054-1772.42
50trail32.21-72620.455394416.985489.0411123.72-2773.22-3902.181.980.4-0.08-1370.2
50nil32.68-94492.4550545109172.2211123.72-3118.97-3902.182.940.33-0.1-1889.85
50trail-12.53-95114.685174413.733843.8715068.18-2773.22-3902.181.390.22-0.13-1864.99

In the table above, row 1 shows the best exit criterion. Profit factor is 1.07. Profit factor is showing that this strategy doesn't give any edge over rendomness and it is only as good as tossing a coin and doing the trade. Percentage of profitable trades is 27.27%, which is not acceptable. Avoid this strategy. Average return per trade is 0.17%, which is low, don't trade solely on the basis of this study. Sharpe Ratio is 0.0054, 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.
GODFRYPHLP Performance, Profit Factor:1.07

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019125 Feb 2019 (-3.42%)
2017110 Jul 2017 (-3.42%)
2016117 Mar 2016 (-5.85%)
2014429 Apr 2014 (-3.31%), 02 May 2014 (-3.37%), 12 May 2014 (-3.4%), 21 May 2014 (-4.01%)
2013129 Jan 2013 (-2.69%)
2012222 Jun 2012 (-3.85%), 23 Aug 2012 (-2.82%)
2011328 Feb 2011 (-4.81%), 07 Mar 2011 (-4.81%), 30 Mar 2011 (10.34%)
2010326 Mar 2010 (-3.57%), 09 Jul 2010 (5.4%), 29 Jul 2010 (-2.31%)
2009119 Nov 2009 (12.69%)
2007305 Sep 2007 (10.15%), 26 Oct 2007 (15.14%), 02 Nov 2007 (20.16%)
2005124 Jun 2005 (-3.17%)
2004225 Oct 2004 (4.66%), 27 Oct 2004 (5.26%)
2003204 Nov 2003 (-2.87%), 10 Nov 2003 (8.27%)
2002227 Mar 2002 (-4.44%), 15 May 2002 (-3.48%)
1999207 Jan 1999 (-3.11%), 02 Dec 1999 (-5.63%)
1998106 Feb 1998 (-2.9%)
1997306 Mar 1997 (-3.43%), 29 Apr 1997 (-2.91%), 12 May 1997 (-2.74%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play