Study: Sell HEXAWARE when below 200 SMA and near 50 SMA and below 50 SMA and RSI is below 50

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In this study, we evaluate the performance of strategy "Sell HEXAWARE when below 200 SMA and near 50 SMA and below 50 SMA and RSI is below 50" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell HEXAWARE 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
1-32003.52491537.52024.25828.57-3348.08-16476.190.60.36-0.078-1333.48
2-51529.39241212502680.526580.14-6974.64-17195.210.380.38-0.085-2147.06
3-81665.752491537.53313.047879.25-7432.21-24242.420.450.27-0.11-3402.74
4-86975.7624101441.675829.2625129.93-10376.31-36081.750.560.4-0.076-3623.99
5-77369.882491537.58694.8730571.69-10374.92-31853.420.840.5-0.062-3223.74
6-95828.692491537.510002.1829837.97-12389.89-39734.530.810.48-0.064-3992.86
7-62499.8241212507882.1537236.32-13090.47-27499.640.60.6-0.046-2604.16
8-33503.9824111345.839951.2232528.28-10997.49-28249.890.90.77-0.025-1396
9-60112.6824111345.8310841.9234974.01-13797.98-42424.240.790.66-0.037-2504.69
10-44452.62241212509180.7831916.85-12885.16-38759.690.710.71-0.03-1852.19
Although, strategy looks good but profit factor on day 3 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
atrnil26.79-64799.43287212514949.8422158.1-8068.97-12229.911.850.62-0.054-2314.27
atrnil38-92641.922842414.2924212.0333237.14-7895.42-12229.913.070.51-0.069-3308.64
atrtrail-14.7-71623.6130102033.336515.5332931.89-6838.95-11705.680.950.48-0.067-2387.45
50nil21.57-48020.323562917.145986.347063.53-2894.43-3727.312.070.43-0.097-1372.01
atrtrail34.4-84100.5130102033.335267.8420454.99-6838.95-11705.680.770.39-0.096-2803.35
atrtrail24.37-86055.3130102033.335072.3617000.71-6838.95-11705.680.740.37-0.1-2868.51
50nil32.03-57239.753543111.438373.39472-2926.87-3727.312.860.37-0.11-1635.42
50trail21.51-52947.913562917.144944.647063.53-2848.82-3727.311.740.36-0.12-1512.8
50trail-12-55527.13562917.144514.7716742.27-2848.82-3727.311.580.33-0.1-1586.49
50trail31.77-60569.083562917.143674.449236.29-2848.82-3727.311.290.27-0.15-1730.55

In the table above, row 1 shows the best exit criterion. Profit factor is 0.62. 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.
HEXAWARE Performance, Profit Factor:0.618

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019610 Jan 2019 (-3.08%), 29 Jan 2019 (-2.92%), 30 Jan 2019 (-3.1%), 12 Mar 2019 (-2.91%), 10 Apr 2019 (5.7%), 13 Jun 2019 (-2.76%)
2018127 Dec 2018 (-3.56%)
2017106 Jan 2017 (5.84%)
2016419 Jul 2016 (-2.85%), 04 Aug 2016 (5.76%), 09 Nov 2016 (-3.36%), 27 Dec 2016 (-2.87%)
2015126 Nov 2015 (-3.77%)
2013304 Mar 2013 (-4.73%), 22 Mar 2013 (-4.56%), 18 Apr 2013 (8.63%)
2010229 Apr 2010 (-5.05%), 14 Jun 2010 (-5.04%)
2008112 May 2008 (11.08%)
2007522 May 2007 (-4.21%), 12 Jul 2007 (6.82%), 01 Oct 2007 (-4.12%), 09 Oct 2007 (-4.18%), 11 Oct 2007 (8.5%)
2005314 Sep 2005 (-3.78%), 23 Sep 2005 (-5.85%), 20 Oct 2005 (-5.89%)
2003110 Jun 2003 (-6.11%)



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