Study: Buy JINDALSTEL when RSI is above 50 and there is Bullish Crossover in MACD

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In this study, we evaluate the performance of strategy "Buy JINDALSTEL when RSI is above 50 and there is Bullish Crossover in MACD" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy JINDALSTEL 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
1261554115635254.786770.2551496.62-3172.55-14258.152.132.590.0642274.38
2280415115655056.528084.4650080.46-4901.49-19269.591.652.140.0572438.39
345996411569466011147.1783962.56-6721.53-23320.921.662.490.0623999.69
4632739115704560.8714073.2591736.8-7830.85-27198.591.82.80.075502.08
5782839115704560.8717173.83102512-9318.43-34862.911.842.870.0766807.29
6762338115664957.3919007.13116258-10043.52-35838.661.892.550.0666629.03
7725389115684759.1318644.05111302-11540.56-38880.321.622.340.0656307.73
8612294115625353.9120119.1787585.34-11982.92-38307.251.681.960.0555324.29
9590687115625353.9120036.4570290.77-12293.84-35739.61.631.910.0565136.4
10568783115645155.6520317.4983775.25-14343.85-38665.361.421.780.0494945.94

From the table above, we see that best results are achieved by holding positions for 5 trading days. Profit factor is 2.87. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 60.87%, which is good. Average return per trade is 3.4%, which is very good. Sharpe Ratio is 0.076, 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.
JINDALSTEL Performance, X=5, Profit Factor:2.87

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019601 Apr 2019 (0.68%), 16 Apr 2019 (-11.7%), 27 May 2019 (-4.44%), 12 Jun 2019 (-12.01%), 16 Jul 2019 (0.96%), 15 Oct 2019 (-1.84%)
2018409 May 2018 (-2.96%), 07 Jun 2018 (-0.39%), 10 Jul 2018 (-12.28%), 20 Aug 2018 (1.73%)
2017804 Jan 2017 (15.1%), 25 May 2017 (1.52%), 03 Jul 2017 (4.47%), 27 Jul 2017 (-7.03%), 01 Sep 2017 (-0.53%), 06 Oct 2017 (6.48%), 21 Nov 2017 (0.06%), 19 Dec 2017 (8.17%)
2016601 Apr 2016 (4.96%), 31 May 2016 (-1.74%), 29 Jun 2016 (6.84%), 26 Jul 2016 (3.98%), 23 Aug 2016 (0.52%), 05 Oct 2016 (-8.32%)
2015320 Jan 2015 (-0.16%), 18 Feb 2015 (17.73%), 17 Nov 2015 (5.3%)
2014422 Jan 2014 (-2.92%), 18 Feb 2014 (-4.14%), 16 May 2014 (11.43%), 03 Dec 2014 (-3.16%)
2013407 May 2013 (-8.6%), 10 Sep 2013 (4.41%), 11 Oct 2013 (-3.24%), 19 Nov 2013 (-2.04%)
2012114 Sep 2012 (19.13%)
2011516 Feb 2011 (0.09%), 25 Mar 2011 (5.19%), 27 Jun 2011 (1.68%), 14 Oct 2011 (0.9%), 05 Dec 2011 (-1.5%)
2010615 Apr 2010 (-1.88%), 09 Aug 2010 (4.08%), 09 Sep 2010 (-0.92%), 04 Oct 2010 (-0.43%), 05 Nov 2010 (-4.03%), 03 Dec 2010 (2.55%)
20091029 Jan 2009 (12.09%), 16 Mar 2009 (9.12%), 18 May 2009 (6.73%), 10 Jun 2009 (3.44%), 21 Jul 2009 (7.84%), 24 Aug 2009 (-2.56%), 07 Sep 2009 (-1.62%), 14 Oct 2009 (6.79%), 16 Nov 2009 (1.72%), 09 Dec 2009 (-1.47%)
2008404 Jan 2008 (-9.49%), 28 Mar 2008 (-15.94%), 16 May 2008 (-4.25%), 30 Dec 2008 (14.09%)
2007825 Jan 2007 (12.72%), 21 Mar 2007 (5.12%), 04 Jun 2007 (-7.73%), 06 Jul 2007 (5.97%), 01 Aug 2007 (-3.5%), 31 Aug 2007 (-0.47%), 26 Oct 2007 (51.26%), 26 Nov 2007 (0.47%)
2006930 Jan 2006 (-6.02%), 22 Feb 2006 (5.11%), 27 Mar 2006 (7.52%), 05 May 2006 (7.85%), 31 Jul 2006 (-1.1%), 06 Sep 2006 (1.76%), 01 Nov 2006 (7.95%), 30 Nov 2006 (2.58%), 29 Dec 2006 (-4.64%)
2005702 Feb 2005 (9.53%), 03 Mar 2005 (9.15%), 06 Jul 2005 (8.05%), 02 Sep 2005 (9.09%), 28 Sep 2005 (3.49%), 08 Nov 2005 (4.88%), 13 Dec 2005 (3.17%)
2004811 Feb 2004 (-2.71%), 09 Mar 2004 (-7.73%), 31 Mar 2004 (-1.7%), 24 May 2004 (-17.43%), 08 Sep 2004 (-1.81%), 01 Oct 2004 (10.27%), 12 Nov 2004 (3.35%), 27 Dec 2004 (10.33%)
2003822 Mar 2003 (-5.87%), 04 Apr 2003 (2.66%), 28 Apr 2003 (9.51%), 27 Jun 2003 (7.88%), 07 Aug 2003 (31.81%), 05 Sep 2003 (-6.58%), 06 Oct 2003 (10.85%), 01 Dec 2003 (8.14%)
2002625 Feb 2002 (-2.39%), 08 Apr 2002 (8.16%), 03 Jun 2002 (26.49%), 17 Oct 2002 (-3.91%), 18 Nov 2002 (2.69%), 23 Dec 2002 (8.73%)
2001312 Jan 2001 (46.4%), 09 Nov 2001 (9.32%), 04 Dec 2001 (2.48%)
2000518 Jan 2000 (30.02%), 18 Feb 2000 (-4.48%), 12 Jul 2000 (0.89%), 27 Sep 2000 (6.76%), 07 Dec 2000 (18.92%)

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-15782839115704560.8717173.83102512-9318.43-34862.911.842.870.0766807.29
atrtrail-15.44603231124537142.7419896.9586698.75-6356.44-19863.193.132.340.0594864.77
atrnil37.75607512119477239.526403.6144420.94-8798.02-19863.1931.960.0645105.14
atrtrail34.49435464127547342.5216749.7843125.64-6424.98-19863.192.611.930.0573428.85
atrtrail23.71378710132567642.4215676.8829613.96-6568.37-19863.192.391.760.0532869.01
atrnil24.74417093129587144.9617761.2529613.96-8634.64-19863.192.061.680.0533233.28

In the table above, row 1 shows the best exit criterion. Profit factor is 2.87. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 60.87%, which is good. Average return per trade is 3.4%, which is very good. Sharpe Ratio is 0.076, 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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