Study: Sell JINDALSTEL when RSI is above 50 and there is Bearish Crossover in MACD

home > technical-strategy > jindalstel > 63

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

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell 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. 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
135305.1382473557.324467.2624373.88-4990.17-16791.710.91.20.015430.55
271251.6982463656.17289.2126699.46-7334.78-31430.160.991.270.02868.92
388401.7982473557.327581.7133139.53-7655.39-36666.20.991.330.0231078.07
446797.7582453754.888253.8629836.6-8773.68-42725.320.941.140.011570.7
5-49918.6782384446.349345.142665.47-9205.29-570681.020.88-0.01-608.76
6-25496382354742.689936.743694.1-12824.42-73397.510.770.58-0.041-3109.3
7-23711682374545.1210806.7743381.04-14154.82-90816.480.760.63-0.035-2891.66
8-32279682364643.912028.939793.44-16431.22-1649880.730.57-0.035-3936.53
9-33435182305236.5917407.167710.48-16472.39-1749811.060.61-0.032-4077.45
10-38000882364643.915310.1672438.14-20242.91-1888300.760.59-0.034-4634.24
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
atrnil26.36-46679.2797326532.9918740.5129035.11-9944.24-20300.511.880.93-0.0077-481.23
atrnil38.65-71513.4595237224.2127862.443552.66-9893.73-20300.512.820.9-0.01-752.77
atrtrail23.82-76083.8697376038.1410117.2725016.84-7507.05-20300.511.350.83-0.016-784.37
atrtrail34.26-88309.8295346135.7910554.8937525.25-7330.76-20300.511.440.8-0.018-929.58
atrtrail-14.68-16914795346135.798177.3337698.54-7330.76-20300.511.120.62-0.04-1780.49

In the table above, row 1 shows the best exit criterion. Profit factor is 0.93. 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 32.99%, which is not acceptable. Avoid this strategy. Average return per trade is -0.24%, we advise you not to use this strategy.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
JINDALSTEL Performance, Profit Factor:0.928

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019320 Mar 2019 (-4.0%), 11 Apr 2019 (-3.97%), 22 Apr 2019 (8.6%)
2018127 Sep 2018 (11.15%)
2017522 Jun 2017 (-3.62%), 25 Jul 2017 (-3.28%), 07 Aug 2017 (9.12%), 01 Nov 2017 (-3.88%), 29 Nov 2017 (7.65%)
2016403 May 2016 (11.57%), 19 Jul 2016 (-4.55%), 10 Aug 2016 (-5.65%), 26 Aug 2016 (-4.75%)
2015515 Jan 2015 (-4.96%), 04 Feb 2015 (8.76%), 11 Mar 2015 (12.21%), 04 Nov 2015 (-5.28%), 09 Dec 2015 (-5.64%)
2014210 Apr 2014 (7.22%), 16 Jun 2014 (9.93%)
2013222 Oct 2013 (-3.52%), 12 Dec 2013 (6.86%)
2012224 Feb 2012 (7.69%), 11 Oct 2012 (9.85%)
2011116 Nov 2011 (9.35%)
2010607 Apr 2010 (-2.36%), 19 Apr 2010 (-2.32%), 03 May 2010 (4.62%), 03 Sep 2010 (-3.24%), 15 Sep 2010 (-2.59%), 12 Oct 2010 (5.0%)
20091117 Feb 2009 (-6.87%), 08 May 2009 (-5.55%), 08 Jun 2009 (-5.45%), 18 Jun 2009 (-6.7%), 05 Aug 2009 (-5.15%), 01 Sep 2009 (-4.45%), 02 Sep 2009 (-4.42%), 25 Sep 2009 (-4.58%), 28 Oct 2009 (8.46%), 25 Nov 2009 (8.63%), 15 Dec 2009 (7.32%)
2008308 Jan 2008 (11.94%), 26 May 2008 (10.04%), 26 Dec 2008 (-7.52%)
20071108 Jan 2007 (-4.12%), 13 Feb 2007 (-4.89%), 23 May 2007 (-3.66%), 11 Jun 2007 (-4.54%), 10 Jul 2007 (-3.56%), 30 Jul 2007 (-4.85%), 02 Aug 2007 (9.91%), 19 Oct 2007 (-8.81%), 12 Nov 2007 (-10.15%), 13 Nov 2007 (-9.8%), 17 Dec 2007 (-8.45%)
20061003 Feb 2006 (-4.3%), 20 Mar 2006 (-4.43%), 13 Apr 2006 (-5.49%), 17 Apr 2006 (-5.33%), 16 May 2006 (12.51%), 28 Aug 2006 (-4.11%), 18 Oct 2006 (-3.35%), 21 Nov 2006 (-3.51%), 08 Dec 2006 (7.38%), 11 Dec 2006 (8.73%)
2005810 Jan 2005 (-5.19%), 22 Feb 2005 (-3.44%), 17 Mar 2005 (8.64%), 22 Aug 2005 (-3.94%), 26 Sep 2005 (-3.55%), 30 Sep 2005 (-3.21%), 06 Oct 2005 (7.01%), 28 Nov 2005 (-3.46%)
2004312 Jan 2004 (12.32%), 20 Oct 2004 (-5.3%), 10 Dec 2004 (-3.23%)
2003729 Jan 2003 (-4.94%), 12 Jun 2003 (10.27%), 13 Jun 2003 (-5.76%), 15 Jul 2003 (-4.22%), 03 Sep 2003 (-6.73%), 12 Sep 2003 (-6.92%), 21 Oct 2003 (-6.05%)
2002406 May 2002 (-5.77%), 15 Jul 2002 (14.52%), 30 Sep 2002 (-4.18%), 22 Oct 2002 (-2.98%)
2001516 Feb 2001 (-7.16%), 19 Feb 2001 (-6.79%), 29 May 2001 (12.05%), 31 Oct 2001 (-4.1%), 14 Dec 2001 (9.69%)
2000308 Feb 2000 (-6.36%), 01 Mar 2000 (-7.19%), 22 Dec 2000 (-5.06%)
1999115 Dec 1999 (10.87%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play