Study: Buy HINDZINC when below 200 SMA

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

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy 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. 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
11.17197e+07101505149.52387641.17329e+07-4283.68-20374.2255.7454.650.022116037
21.24426e+07101515050.52505511.24651e+07-6710.19-24870.4737.3438.090.022123194
31.23265e+07101465545.542766101.23425e+07-7229.2-29374.2738.26320.022122044
41.22851e+07101445743.562908651.2411e+07-8999.81-47906.2432.3224.950.022121634
51.29608e+07101445743.563077491.30945e+07-10178.25-48994.7730.2423.340.022128325
61.24129e+07101475446.532780681.25021e+07-12152.95-58105.7522.8819.910.022122900
71.25581e+07101445743.563006151.25884e+07-11736.31-52690.325.6119.770.022124338
81.28244e+07101465545.542930101.28123e+07-11891.14-56990.1224.6420.610.022126975
91.29857e+07101495248.512801021.30329e+07-14216.94-62963.3919.718.570.022128572
101.30148e+07101505149.52773431.30774e+07-16711.89-60848.3416.616.270.022128860

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 54.65. Strategy is very good and impressively bullish. Percentage of profitable trades is 49.5%, which is not acceptable. Avoid this strategy. Average return per trade is 58.02%, which is very good. Sharpe Ratio is 0.022, which is low, don't trade solely on the basis of this study.
In the chart below, we plot cumulative trade gain versus trades. This chart is important and informative as it shows the performance of strategy over time.
HINDZINC Performance, X=1, Profit Factor:54.6

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019922 Jan 2019 (-0.33%), 14 Feb 2019 (0.28%), 08 May 2019 (-1.43%), 22 May 2019 (-0.74%), 06 Jun 2019 (-1.81%), 24 Jun 2019 (1.16%), 10 Jul 2019 (2.22%), 25 Jul 2019 (3.87%), 21 Aug 2019 (-1.53%)
2018706 Feb 2018 (1.98%), 04 May 2018 (-0.44%), 21 May 2018 (-0.38%), 26 Jun 2018 (-1.69%), 16 Jul 2018 (0.35%), 31 Oct 2018 (0.46%), 28 Nov 2018 (0.56%)
2017404 May 2017 (-3.99%), 18 May 2017 (0.59%), 11 Aug 2017 (3.88%), 06 Dec 2017 (0.54%)
2016107 Jan 2016 (1.26%)
2015814 Jan 2015 (0.29%), 20 Mar 2015 (-1.09%), 11 Jun 2015 (0.34%), 03 Jul 2015 (-0.19%), 10 Aug 2015 (-1.79%), 24 Aug 2015 (3.43%), 10 Nov 2015 (0.93%), 11 Dec 2015 (1.0%)
2014218 Feb 2014 (-0.79%), 06 May 2014 (-0.97%)
2013723 Jan 2013 (-0.95%), 08 Feb 2013 (-0.16%), 25 Feb 2013 (0.34%), 15 Apr 2013 (-4.34%), 23 May 2013 (3.17%), 10 Jun 2013 (-1.6%), 24 Jun 2013 (-2.05%)
2012407 Mar 2012 (3.37%), 26 Mar 2012 (-0.12%), 09 May 2012 (0.12%), 23 Jul 2012 (0.73%)
2011203 Oct 2011 (-0.98%), 17 Nov 2011 (1.69%)
2010318 May 2010 (-4.55%), 08 Jun 2010 (2.19%), 26 Nov 2010 (1.44%)
2008616 Jan 2008 (1.32%), 17 Mar 2008 (-3.86%), 26 Jun 2008 (2.05%), 16 Sep 2008 (-0.41%), 30 Sep 2008 (1.19%), 20 Oct 2008 (2.77%)
2007123 Nov 2007 (1.14%)
2003407 Jan 2003 (-0.29%), 14 Feb 2003 (3.02%), 05 Mar 2003 (-2.45%), 31 Mar 2003 (5866.44%)
2002417 Jul 2002 (-10.19%), 09 Sep 2002 (0.54%), 01 Oct 2002 (-1.76%), 17 Oct 2002 (-0.31%)
2001420 Jul 2001 (5.19%), 06 Sep 2001 (0.9%), 21 Sep 2001 (1.94%), 12 Nov 2001 (-0.28%)
2000818 Jan 2000 (0.64%), 11 Feb 2000 (-1.89%), 25 Feb 2000 (8.82%), 13 Mar 2000 (1.69%), 29 Mar 2000 (1.14%), 08 May 2000 (-0.65%), 24 Jul 2000 (0.0%), 14 Aug 2000 (3.85%)
1999201 Feb 1999 (-5.16%), 20 Apr 1999 (4.11%)
19981123 Jan 1998 (-3.23%), 09 Feb 1998 (-9.26%), 28 Apr 1998 (-0.63%), 25 May 1998 (-1.13%), 08 Jun 1998 (-4.68%), 07 Jul 1998 (-0.55%), 11 Aug 1998 (-5.53%), 09 Oct 1998 (-3.0%), 03 Nov 1998 (1.15%), 27 Nov 1998 (1.16%), 17 Dec 1998 (-0.6%)
1997324 Oct 1997 (-6.99%), 24 Nov 1997 (2.94%), 08 Dec 1997 (-3.16%)
19961109 Jan 1996 (6.34%), 25 Jan 1996 (3.68%), 11 Mar 1996 (-2.7%), 02 Apr 1996 (6.25%), 21 May 1996 (0.49%), 07 Jun 1996 (-0.53%), 02 Jul 1996 (0.0%), 24 Jul 1996 (4.14%), 09 Aug 1996 (0.0%), 09 Sep 1996 (-1.96%), 31 Oct 1996 (-6.12%)

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
nilnil-111.17197e+07101505149.52387641.17329e+07-4283.68-20374.2255.7454.650.022116037
atrtrail-15.451.22864e+071916412733.512095661.23173e+07-8864.55-24780.323.6411.910.01664326.92
atrnil38.1567048.561624212025.9332702.0181013.21-10886.97-25611.3131.050.0043413.88
atrnil25.7-63753.971685411432.1421912.3954008.81-10938.8-25611.3120.95-0.0049-379.49
atrtrail34.63-81325.631926612634.3815745.7461827.69-8893.21-24780.31.770.93-0.006-423.57
atrtrail24.16-1328341926912335.9414242.2342936.37-9069.49-24780.31.570.88-0.011-691.84

In the table above, row 1 shows the best exit criterion. Profit factor is 54.65. Strategy is very good and impressively bullish. Percentage of profitable trades is 49.5%, which is not acceptable. Avoid this strategy. Average return per trade is 58.02%, which is very good. Sharpe Ratio is 0.022, which is low, don't trade solely on the basis of this study.
Performance of strategy chart over time is same as above.

View performance of other stocks for this trading system.

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