Study: Buy IGL when above 200 SMA

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

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy IGL 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
132292.5932191359.383689.1910911.32-2907.84-9078.91.271.850.0591009.14
260555.3532248753839.8811476.47-3950.21-7859.720.972.920.111892.35
374203.6332221068.755015.5317511.24-3613.81-8325.551.393.050.112318.86
478139.7632211165.625493.7615856.15-3384.48-8436.211.623.10.112441.87
578450.432201262.56526.719105.03-4340.3-11281.711.52.510.0942451.57
610462432211165.627507.129616.41-4820.5-19158.881.562.970.0953269.49
710293532201262.58580.3633541.48-5722.72-27102.81.52.50.0823216.7
81343933223971.888948.5440321.14-7935.94-24566.091.132.880.0974199.78
913635332211165.6210139.6929438-6961.9-29572.761.462.780.0984261.02
1012102032191359.3811551.7722923.7-7574.13-34045.391.532.230.0813781.87

From the table above, we see that best results are achieved by holding positions for 4 trading days. Profit factor is 3.1. Strategy is very good and impressively bullish. Percentage of profitable trades is 65.62%, which is good. Average return per trade is 1.22%, which is not very high, 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.
IGL Performance, X=4, Profit Factor:3.1

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019213 May 2019 (3.16%), 24 Jun 2019 (1.4%)
2018316 Jan 2018 (-2.24%), 01 Feb 2018 (-3.52%), 20 Mar 2018 (-1.69%)
2017522 Mar 2017 (2.12%), 06 Apr 2017 (4.27%), 12 May 2017 (0.81%), 28 Jun 2017 (2.49%), 16 Nov 2017 (2.45%)
2016125 Feb 2016 (7.93%)
2015310 Feb 2015 (-0.92%), 13 Mar 2015 (-1.07%), 18 Nov 2015 (4.51%)
2014127 Oct 2014 (-0.72%)
2013216 May 2013 (-0.12%), 31 May 2013 (0.89%)
2011427 Jan 2011 (1.24%), 17 Oct 2011 (0.95%), 18 Nov 2011 (3.96%), 08 Dec 2011 (-2.82%)
2010407 May 2010 (5.19%), 21 May 2010 (3.06%), 15 Sep 2010 (0.64%), 12 Nov 2010 (-0.23%)
2008111 Jan 2008 (0.07%)
2007118 Jul 2007 (2.12%)
2006208 Mar 2006 (1.55%), 22 May 2006 (3.71%)
2005322 Mar 2005 (-4.22%), 20 Jun 2005 (-1.07%), 22 Sep 2005 (5.17%)

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-1478139.7632211165.625493.7615856.15-3384.48-8436.211.623.10.112441.87
atrnil310.5317179736162044.4420273.1132924.52-7628.63-15837.432.662.130.0844772.14
atrnil27.8175926.8337172045.9513510.9621949.68-7687.97-15837.431.761.490.0472052.08
atrtrail24.3515131.7746202643.487040.817649.35-4834.01-15837.431.461.120.011328.95
atrtrail35.07-2253.2946202643.486171.5519139.74-4834.01-15837.431.280.98-0.0017-48.98
atrtrail-15.43-26535.2146202643.484957.4516038.24-4834.01-15837.431.030.79-0.023-576.85

In the table above, row 1 shows the best exit criterion. Profit factor is 3.1. Strategy is very good and impressively bullish. Percentage of profitable trades is 65.62%, which is good. Average return per trade is 1.22%, which is not very high, 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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