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

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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 and ADX is Trending" 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
162069.8636211558.335917.5918844.46-4146.63-14258.151.4320.0571724.16
258885.6436191752.788796.9726256.46-6368.05-19269.591.381.540.0381635.71
311415836201655.5613170.3583962.56-9328.04-23320.921.411.760.0413171.06
414807636201655.5614176.2891736.8-8465.62-25882.721.672.090.0494113.21
519448236221461.1116014.3102512-11273.73-31876.711.422.230.0565402.29
614102336171947.2220131.67105893-10590.27-29741.131.91.70.0393917.32
794755.493618185017681.2890657.28-12417.09-37745.081.421.420.0282632.1
86597.936132336.1120422.0577643.22-11256.03-30885.191.811.030.0021183.28
9-7972.7336132336.1120779.456153.17-12091.52-35739.61.720.97-0.0026-221.46
10-72140.1536142238.8918682.0650500.91-15167.68-38665.361.230.78-0.022-2003.89

From the table above, we see that best results are achieved by holding positions for 5 trading days. Profit factor is 2.23. 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 61.11%, which is good. Average return per trade is 2.7%, which is very good. Sharpe Ratio is 0.056, 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:2.23

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019401 Apr 2019 (0.68%), 16 Apr 2019 (-11.7%), 27 May 2019 (-4.44%), 16 Jul 2019 (0.96%)
2017127 Jul 2017 (-7.03%)
2016123 Aug 2016 (0.52%)
2015117 Nov 2015 (5.3%)
2014216 May 2014 (11.43%), 03 Dec 2014 (-3.16%)
2013107 May 2013 (-8.6%)
2012114 Sep 2012 (19.13%)
2010309 Sep 2010 (-0.92%), 04 Oct 2010 (-0.43%), 03 Dec 2010 (2.55%)
2009318 May 2009 (6.73%), 10 Jun 2009 (3.44%), 21 Jul 2009 (7.84%)
2008128 Mar 2008 (-15.94%)
2007404 Jun 2007 (-7.73%), 01 Aug 2007 (-3.5%), 26 Oct 2007 (51.26%), 26 Nov 2007 (0.47%)
2006227 Mar 2006 (7.52%), 30 Nov 2006 (2.58%)
2005303 Mar 2005 (9.15%), 06 Jul 2005 (8.05%), 28 Sep 2005 (3.49%)
2004311 Feb 2004 (-2.71%), 31 Mar 2004 (-1.7%), 27 Dec 2004 (10.33%)
2003304 Apr 2003 (2.66%), 05 Sep 2003 (-6.58%), 06 Oct 2003 (10.85%)
2002123 Dec 2002 (8.73%)
2001104 Dec 2001 (2.48%)
2000118 Feb 2000 (-4.48%)

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-1519448236221461.1116014.3102512-11273.73-31876.711.422.230.0565402.29
atrnil35.6758261.639122730.7726502.743125.64-9621.14-19863.192.751.220.0191493.89
atrtrail-14.0520990.2239152438.4614224.9170138.12-8015.98-19863.191.771.110.0079538.21
atrtrail2320053.4641152636.5915050.0128750.43-7911.41-19863.191.91.10.0088489.11
atrtrail33.6517757.0340152537.514506.1243125.64-7993.39-19863.191.811.090.0074443.93
atrnil23.9811012.894014263518221.7428750.43-9388.13-19863.191.941.050.0045275.32

In the table above, row 1 shows the best exit criterion. Profit factor is 2.23. 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 61.11%, which is good. Average return per trade is 2.7%, which is very good. Sharpe Ratio is 0.056, 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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