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

home > technical-strategy > jisljaleqs > 30

In this study, we evaluate the performance of strategy "Buy JISLJALEQS 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 JISLJALEQS 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
186316.31104505448.086198.1520103.39-4140.57-16470.591.51.390.028829.96
289960.86104515349.048444.5942159.68-6428.55-26565.461.311.260.02865.01
3156021104545051.9210888.2666741.57-8638.9-32420.591.261.360.0271500.2
4102325104535150.9611167.2653483.15-9598.81-62475.361.161.210.016983.9
521954.08104505448.0811766.0851349.8-10487.96-48806.131.121.040.0034211.1
679621.35104535150.9612234.3546909.09-11152.93-44293.541.11.140.012765.59
7106515104465844.2315255.4953636.81-10262.71-36053.131.491.180.0151024.18
8119303104545051.9213626.9961058.88-12331.1-43133.21.111.190.0161147.14
914865610452525016006.0957496.29-13147.32-45617.671.221.220.0171429.38
1020899810452525017840.2567640.45-13821.07-46440.311.291.290.0232009.59

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 1.39. 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 48.08%, which is not acceptable. Avoid this strategy. Average return per trade is 0.41%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.028, which is low, don't trade solely on the basis of this study.

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
atrnil38.04312032109347531.1929562.9556046.04-9241.45-14409.653.21.450.0372862.67
nilnil-1186316.31104505448.086198.1520103.39-4140.57-16470.591.51.390.028829.96
atrtrail34.63176361117467139.3214796.751300.19-7102.64-14409.652.081.350.0271507.36
atrtrail-15.2814959011546694013928.5491860.59-7117.73-14409.651.961.30.0211300.78
atrnil25.26207115121467538.0219402.8637364.02-9138.88-14409.652.121.30.0291711.7
atrtrail23.98155341122497340.1613805.7937364.02-7138.95-14409.651.931.30.0261273.28

In the table above, row 1 shows the best exit criterion. Profit factor is 1.45. 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 31.19%, which is not acceptable. Avoid this strategy. Average return per trade is 1.43%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.037, which is low, don't trade solely on the basis of this study.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
JISLJALEQS Performance, Profit Factor:1.45

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019215 Apr 2019 (-4.03%), 20 May 2019 (-4.87%)
2018224 Jan 2018 (-4.62%), 29 Aug 2018 (-4.17%)
2017530 Jan 2017 (-2.99%), 16 Mar 2017 (7.82%), 31 May 2017 (-4.73%), 17 Nov 2017 (12.76%), 20 Dec 2017 (14.19%)
2016501 Feb 2016 (-4.9%), 09 May 2016 (-3.46%), 08 Jun 2016 (-3.11%), 24 Jun 2016 (10.29%), 20 Oct 2016 (-4.17%)
2015418 May 2015 (-4.6%), 17 Jun 2015 (12.14%), 09 Nov 2015 (-4.27%), 23 Dec 2015 (10.78%)
2014705 Jun 2014 (-5.84%), 07 Jul 2014 (-4.39%), 08 Jul 2014 (-5.3%), 02 Sep 2014 (-4.74%), 18 Nov 2014 (-4.74%), 19 Nov 2014 (-5.17%), 04 Dec 2014 (-4.49%)
2013504 Jan 2013 (-3.18%), 05 Sep 2013 (18.99%), 31 Oct 2013 (-4.83%), 25 Nov 2013 (-4.62%), 26 Dec 2013 (-3.82%)
2012606 Feb 2012 (-5.98%), 14 Feb 2012 (-5.58%), 14 Mar 2012 (-5.31%), 04 Apr 2012 (-5.27%), 13 Aug 2012 (-4.05%), 30 Nov 2012 (9.94%)
2011504 Jan 2011 (-4.1%), 14 Feb 2011 (-7.17%), 23 Jun 2011 (13.55%), 01 Aug 2011 (-3.49%), 16 Aug 2011 (-5.32%)
2010815 Feb 2010 (14.37%), 06 Apr 2010 (-3.84%), 07 Apr 2010 (12.18%), 27 May 2010 (17.22%), 02 Aug 2010 (-3.21%), 14 Sep 2010 (-2.83%), 21 Oct 2010 (-3.47%), 23 Nov 2010 (-4.72%)
2009911 Feb 2009 (-5.91%), 01 Apr 2009 (14.85%), 19 May 2009 (18.76%), 03 Jul 2009 (-4.96%), 08 Jul 2009 (-5.98%), 03 Sep 2009 (11.15%), 06 Nov 2009 (10.0%), 17 Dec 2009 (-4.13%), 31 Dec 2009 (-3.57%)
2008707 Jan 2008 (-6.24%), 08 Jan 2008 (-6.74%), 15 Jan 2008 (-6.2%), 16 Jan 2008 (-6.69%), 14 Feb 2008 (-6.1%), 05 May 2008 (-5.07%), 12 Dec 2008 (25.65%)
20071219 Jan 2007 (-3.59%), 05 Feb 2007 (-3.98%), 29 Mar 2007 (-4.18%), 17 Apr 2007 (11.35%), 28 May 2007 (-3.57%), 19 Jun 2007 (-3.54%), 05 Jul 2007 (-3.38%), 10 Jul 2007 (-3.71%), 16 Jul 2007 (-4.04%), 04 Sep 2007 (-4.23%), 26 Oct 2007 (-5.7%), 22 Nov 2007 (16.87%)
2006916 Jan 2006 (12.96%), 01 Mar 2006 (-5.45%), 27 Mar 2006 (14.17%), 28 Jul 2006 (-4.92%), 22 Sep 2006 (-3.52%), 09 Oct 2006 (-3.54%), 27 Oct 2006 (9.59%), 30 Oct 2006 (-3.37%), 14 Dec 2006 (-4.15%)
2005531 Jan 2005 (14.22%), 08 Apr 2005 (-4.06%), 13 May 2005 (-3.53%), 19 May 2005 (12.36%), 16 Sep 2005 (-5.1%)
2004724 May 2004 (28.02%), 24 Aug 2004 (13.71%), 29 Sep 2004 (12.97%), 18 Nov 2004 (-3.71%), 19 Nov 2004 (12.63%), 15 Dec 2004 (-4.09%), 29 Dec 2004 (-4.22%)
2003722 Mar 2003 (-3.84%), 06 May 2003 (18.12%), 25 Jun 2003 (18.42%), 08 Sep 2003 (-6.42%), 29 Sep 2003 (-6.86%), 05 Nov 2003 (18.09%), 02 Dec 2003 (20.15%)
2002406 May 2002 (-5.65%), 12 Jun 2002 (21.93%), 07 Aug 2002 (-7.2%), 25 Nov 2002 (12.34%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play