Study: Sell HINDZINC when near 200 SMA and below 200 SMA

home > technical-strategy > hindzinc > 1

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

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell HINDZINC 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
1-46407.8140211952.52581.277976.99-5295.5-28571.430.490.54-0.041-1160.2
2-53520.240192147.54289.4231590.34-6429.48-27472.530.670.6-0.036-1338
3-18892.06401822457674.0749881.62-7137.51-28571.431.080.88-0.0084-472.3
4-73493.3640152537.58594.1725600-8096.23-45454.551.060.64-0.032-1837.33
5-26442.4640172342.510582.5546134.07-8971.55-53246.751.180.87-0.0095-661.06
6-32277.444016244012063.0342670.64-9386.92-37662.341.290.86-0.012-806.94
76316.594020205010173.2545904.08-9857.42-33766.231.031.030.0024157.91
8-537.694020205010261.245254.68-10288.09-33766.2311-0.0002-13.44
97577.384020205011194.9243200-10816.05-35064.941.041.040.0027189.43
10-41366.6840192147.511802.0140000-12647.85-43969.340.930.84-0.013-1034.17
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
200trail-12.92-32780.3266135319.78717.6521816.95-2756.79-3781.73.160.78-0.021-496.67
atrnil25.47-76619.0345133228.8913888.6421232.11-8036.6-19443.071.730.7-0.035-1702.65
atrnil39.26-80103.044293321.4320925.5331848.17-8134.33-19443.072.570.7-0.033-1907.22
200nil32.52-53697.2765125318.468607.6111846.99-2962.05-3924.922.910.66-0.04-826.11
200trail32.24-52898.5966135319.77170.0911846.99-2756.79-3781.72.60.64-0.042-801.49
200nil22-64119.4168165223.535616.617897.99-2961.25-3924.921.90.58-0.056-942.93
200trail21.87-64024.3869165323.195180.157897.99-2771.83-3781.71.870.56-0.059-927.89
atrtrail34.5-1078365213392510651.2331848.17-6315.45-19443.071.690.56-0.048-2073.78
atrtrail24.1-117073521339259940.7321232.11-6315.45-19443.071.570.52-0.059-2251.4
atrtrail-14.87-132693521339258739.1632928.42-6315.45-19443.071.380.46-0.066-2551.79

In the table above, row 1 shows the best exit criterion. Profit factor is 0.78. 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 19.7%, which is not acceptable. Avoid this strategy. Average return per trade is -0.25%, we advise you not to use this strategy.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
HINDZINC Performance, Profit Factor:0.776

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019512 Mar 2019 (-1.51%), 22 Mar 2019 (-0.45%), 28 Mar 2019 (-1.02%), 25 Apr 2019 (-1.65%), 03 May 2019 (5.9%)
2018908 Feb 2018 (-1.28%), 04 May 2018 (4.62%), 27 Aug 2018 (-1.26%), 29 Aug 2018 (-1.53%), 07 Sep 2018 (1.98%), 17 Sep 2018 (-1.38%), 18 Sep 2018 (-1.17%), 19 Sep 2018 (-1.83%), 21 Sep 2018 (-1.71%)
2017304 May 2017 (2.78%), 07 Jul 2017 (-1.83%), 06 Dec 2017 (-1.29%)
2015616 Jan 2015 (-1.42%), 07 Apr 2015 (-1.58%), 02 Jun 2015 (-1.31%), 19 Jun 2015 (-1.38%), 30 Jun 2015 (3.9%), 20 Jul 2015 (-1.75%)
2014718 Feb 2014 (-1.34%), 04 Mar 2014 (-1.57%), 10 Mar 2014 (0.42%), 19 Mar 2014 (-1.14%), 22 Mar 2014 (-1.14%), 24 Mar 2014 (-1.21%), 06 May 2014 (-1.16%)
2013323 Jan 2013 (-1.8%), 28 Jan 2013 (-1.36%), 04 Feb 2013 (0.47%)
20121007 Mar 2012 (-1.48%), 14 Mar 2012 (-1.27%), 29 Mar 2012 (-1.81%), 11 Apr 2012 (-1.2%), 25 Apr 2012 (-1.89%), 26 Apr 2012 (-1.64%), 02 May 2012 (6.6%), 17 Aug 2012 (-1.06%), 28 Aug 2012 (-1.33%), 30 Aug 2012 (-1.63%)
2011209 Nov 2011 (6.2%), 07 Dec 2011 (4.39%)
2010503 Aug 2010 (-1.42%), 06 Aug 2010 (-1.07%), 18 Aug 2010 (-1.38%), 07 Sep 2010 (-1.44%), 13 Sep 2010 (0.31%)
2008117 Jan 2008 (10.91%)
2007205 Sep 2007 (-1.03%), 10 Sep 2007 (-0.63%)
2001620 Aug 2001 (8.18%), 16 Oct 2001 (-1.65%), 28 Nov 2001 (-1.17%), 29 Nov 2001 (-1.33%), 03 Dec 2001 (-1.75%), 04 Dec 2001 (-1.4%)
2000314 Jan 2000 (-1.79%), 12 Oct 2000 (-1.5%), 16 Oct 2000 (-1.05%)
1999218 May 1999 (-1.45%), 07 Jun 1999 (-1.62%)
1996120 Dec 1996 (-1.0%)
1995129 Dec 1995 (-1.0%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play