Study: Sell KAJARIACER when RSI is overbought

home > technical-strategy > kajariacer > 61

In this study, we evaluate the performance of strategy "Sell KAJARIACER when RSI is overbought" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell KAJARIACER 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
1-220435114407435.093241.512906.67-4731.02-23561.640.690.37-0.069-1933.64
2-390431114466840.354106.5422510.82-8519.59-33615.480.480.33-0.077-3424.83
3-374846114456939.476965.3824891.77-9975.18-52478.840.70.46-0.055-3288.12
4-352795114496542.987259.0521613.39-10899.83-72567.780.670.5-0.048-3094.7
5-314841114476741.238703.7430092.53-10804.73-87878.790.810.57-0.04-2761.76
6-344283114516344.749164.4430985.92-12883.64-74481.660.710.58-0.04-3020.02
7-394715114516344.7410219.7843058.35-14538.46-84370.020.70.57-0.04-3462.41
8-467195114486642.111137554325.96-15351.44-1071770.740.54-0.042-4098.2
9-607323114427236.8412799.7357142.86-15901.56-1317380.80.47-0.048-5327.4
10-642698114427236.8413795.3355130.78-16973.63-1583730.810.47-0.048-5637.7
Although, strategy looks good but profit factor on day 2 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
atrnil24.23-6981272605820222.3117214.0430429.57-8398.72-17645.852.050.59-0.05-2685.1
atrnil35.65-7516162513921215.5426191.2945644.36-8363.57-17645.853.130.58-0.047-2994.48
atrtrail23.26-7912682806521523.2111234.6327006.43-7076.83-16090.091.590.48-0.065-2825.96
atrtrail33.51-8796022776121622.0210461.1539571.9-7026.54-16090.091.490.42-0.073-3175.46
atrtrail-13.68-1.03079e+062776021721.668278.4848554.96-7039.15-16090.091.180.33-0.096-3721.25

In the table above, row 1 shows the best exit criterion. Profit factor is 0.59. This strategy is not profitable and we advice you not to use it.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
KAJARIACER Performance, Profit Factor:0.588

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019903 Jan 2019 (-2.95%), 07 Jan 2019 (-2.77%), 11 Jan 2019 (-2.6%), 17 Jan 2019 (-2.37%), 22 Jan 2019 (4.79%), 01 Feb 2019 (5.23%), 12 Mar 2019 (5.23%), 03 Apr 2019 (-2.55%), 05 Apr 2019 (4.98%)
2018313 Nov 2018 (-4.55%), 26 Nov 2018 (7.23%), 20 Dec 2018 (-3.58%)
20171319 Jan 2017 (-3.05%), 24 Jan 2017 (-3.14%), 27 Jan 2017 (-3.29%), 07 Feb 2017 (6.19%), 05 Apr 2017 (-2.58%), 11 Apr 2017 (-2.67%), 13 Apr 2017 (-2.64%), 08 May 2017 (-2.47%), 09 May 2017 (-2.56%), 10 May 2017 (-3.16%), 11 May 2017 (6.77%), 19 Sep 2017 (-2.64%), 20 Sep 2017 (5.67%)
20161013 Apr 2016 (-2.31%), 18 Apr 2016 (-2.49%), 28 Apr 2016 (-2.52%), 02 Jun 2016 (-2.31%), 07 Jun 2016 (-2.21%), 17 Jun 2016 (-2.49%), 01 Aug 2016 (-2.56%), 07 Sep 2016 (-2.16%), 14 Sep 2016 (4.93%), 14 Oct 2016 (5.13%)
20151515 Jan 2015 (-3.04%), 19 Jan 2015 (-2.89%), 20 Jan 2015 (-3.03%), 21 Jan 2015 (6.18%), 28 Jan 2015 (-3.25%), 03 Feb 2015 (-3.08%), 06 Feb 2015 (-3.12%), 09 Feb 2015 (-3.56%), 10 Feb 2015 (7.19%), 24 Sep 2015 (-3.25%), 06 Oct 2015 (-3.04%), 14 Oct 2015 (-2.76%), 15 Oct 2015 (-2.82%), 20 Oct 2015 (5.38%), 30 Oct 2015 (6.05%)
20142401 Jan 2014 (-2.92%), 27 Mar 2014 (-3.02%), 31 Mar 2014 (-2.97%), 03 Apr 2014 (-2.91%), 10 Apr 2014 (-2.82%), 15 Apr 2014 (-2.89%), 17 Apr 2014 (-2.9%), 21 Apr 2014 (-2.93%), 25 Apr 2014 (-2.93%), 30 Apr 2014 (-2.7%), 05 May 2014 (-2.74%), 07 May 2014 (-3.29%), 08 May 2014 (-3.42%), 16 May 2014 (-3.07%), 20 May 2014 (-2.95%), 21 May 2014 (-2.91%), 22 May 2014 (5.83%), 26 May 2014 (-3.51%), 27 May 2014 (-4.21%), 02 Jun 2014 (-4.71%), 04 Jun 2014 (8.65%), 24 Jul 2014 (-3.76%), 01 Aug 2014 (6.18%), 01 Sep 2014 (5.83%)
20131030 Apr 2013 (-3.71%), 02 May 2013 (-3.73%), 07 May 2013 (-3.63%), 31 May 2013 (-3.55%), 05 Jun 2013 (7.18%), 09 Dec 2013 (-3.41%), 10 Dec 2013 (-3.45%), 12 Dec 2013 (-3.43%), 23 Dec 2013 (-3.14%), 26 Dec 2013 (-3.03%)
20122419 Jan 2012 (-3.99%), 24 Jan 2012 (-4.42%), 02 Feb 2012 (-3.85%), 03 Feb 2012 (-3.76%), 06 Feb 2012 (-3.81%), 16 Feb 2012 (-4.04%), 28 Feb 2012 (-3.76%), 29 Feb 2012 (-4.09%), 13 Mar 2012 (-3.7%), 19 Mar 2012 (-3.73%), 20 Mar 2012 (-3.92%), 18 Apr 2012 (-3.49%), 24 Apr 2012 (-3.29%), 28 Apr 2012 (6.03%), 20 Sep 2012 (-3.77%), 21 Sep 2012 (-3.8%), 04 Oct 2012 (-3.93%), 15 Oct 2012 (-4.3%), 13 Nov 2012 (-3.66%), 15 Nov 2012 (-3.71%), 19 Nov 2012 (-3.65%), 27 Nov 2012 (-3.35%), 29 Nov 2012 (-3.36%), 03 Dec 2012 (6.16%)
2011828 Apr 2011 (-4.0%), 01 Jul 2011 (-3.53%), 18 Jul 2011 (-3.56%), 20 Jul 2011 (-3.58%), 26 Jul 2011 (-3.71%), 01 Aug 2011 (7.45%), 20 Sep 2011 (-3.52%), 23 Sep 2011 (6.93%)
20101404 Jan 2010 (-4.38%), 05 Jan 2010 (-4.4%), 06 Jan 2010 (9.2%), 14 Jan 2010 (-4.85%), 18 Jan 2010 (-4.71%), 19 Jan 2010 (9.84%), 07 Apr 2010 (-3.87%), 08 Apr 2010 (-4.07%), 26 Apr 2010 (-3.81%), 04 May 2010 (7.72%), 13 Jul 2010 (-3.94%), 15 Jul 2010 (-4.16%), 16 Jul 2010 (-4.24%), 22 Sep 2010 (-3.72%)
2009622 May 2009 (-5.86%), 25 May 2009 (-6.24%), 26 May 2009 (13.51%), 26 Aug 2009 (11.77%), 23 Nov 2009 (7.77%), 31 Dec 2009 (-4.24%)
2008305 May 2008 (10.43%), 01 Aug 2008 (13.5%), 04 Aug 2008 (-7.29%)
2007425 Jun 2007 (-5.46%), 26 Jun 2007 (10.95%), 05 Dec 2007 (-6.94%), 06 Dec 2007 (15.21%)
20061025 Apr 2006 (9.76%), 05 May 2006 (-5.87%), 08 May 2006 (-5.72%), 12 May 2006 (-5.12%), 14 Aug 2006 (-4.04%), 17 Aug 2006 (-4.79%), 21 Aug 2006 (-5.62%), 18 Sep 2006 (-4.56%), 20 Sep 2006 (-4.62%), 21 Sep 2006 (9.22%)
20051908 Apr 2005 (-4.82%), 28 Apr 2005 (-3.88%), 05 May 2005 (-3.45%), 09 May 2005 (-3.33%), 13 May 2005 (-3.23%), 16 May 2005 (-3.2%), 17 May 2005 (-3.37%), 19 May 2005 (-3.5%), 24 May 2005 (6.91%), 08 Jun 2005 (-3.71%), 09 Jun 2005 (-3.72%), 13 Jun 2005 (-3.71%), 24 Jun 2005 (-3.82%), 11 Jul 2005 (-3.48%), 12 Jul 2005 (-3.49%), 14 Jul 2005 (-3.63%), 15 Jul 2005 (-3.94%), 19 Jul 2005 (9.03%), 19 Aug 2005 (-4.86%)
20041229 Apr 2004 (8.56%), 07 Jul 2004 (-5.56%), 09 Jul 2004 (-6.34%), 23 Jul 2004 (-4.9%), 06 Aug 2004 (-4.13%), 10 Aug 2004 (9.54%), 10 Sep 2004 (-3.73%), 14 Sep 2004 (7.13%), 01 Nov 2004 (-4.32%), 09 Nov 2004 (-4.24%), 10 Nov 2004 (-4.23%), 12 Nov 2004 (-4.44%)
20032607 Apr 2003 (11.79%), 08 Apr 2003 (-6.62%), 17 Apr 2003 (13.19%), 10 Jun 2003 (-6.37%), 11 Jun 2003 (-6.66%), 03 Jul 2003 (-4.93%), 07 Jul 2003 (-4.83%), 08 Jul 2003 (-5.16%), 09 Jul 2003 (-5.34%), 10 Jul 2003 (-6.8%), 16 Jul 2003 (-8.62%), 13 Aug 2003 (-6.75%), 14 Aug 2003 (12.94%), 08 Oct 2003 (-7.38%), 10 Oct 2003 (-7.73%), 13 Oct 2003 (-7.55%), 20 Oct 2003 (-8.05%), 21 Oct 2003 (-8.82%), 09 Dec 2003 (-6.21%), 15 Dec 2003 (-5.56%), 16 Dec 2003 (-6.33%), 17 Dec 2003 (-6.33%), 19 Dec 2003 (-6.03%), 22 Dec 2003 (11.5%), 24 Dec 2003 (-7.13%), 26 Dec 2003 (14.57%)
2002621 Jun 2002 (-5.89%), 24 Jun 2002 (-6.11%), 25 Jun 2002 (-6.6%), 28 Jun 2002 (-7.02%), 01 Jul 2002 (13.95%), 03 Dec 2002 (9.47%)
2001111 Dec 2001 (8.33%)
20001103 Jan 2000 (-4.88%), 04 Jan 2000 (10.16%), 25 Aug 2000 (-4.5%), 28 Aug 2000 (-4.4%), 29 Aug 2000 (-4.31%), 30 Aug 2000 (-4.24%), 31 Aug 2000 (10.38%), 08 Nov 2000 (-6.18%), 01 Dec 2000 (-6.18%), 06 Dec 2000 (-5.99%), 14 Dec 2000 (12.04%)
19991916 Aug 1999 (-5.17%), 17 Aug 1999 (-5.2%), 18 Aug 1999 (10.0%), 09 Sep 1999 (-5.32%), 14 Sep 1999 (11.32%), 08 Oct 1999 (-5.54%), 11 Oct 1999 (-5.29%), 12 Oct 1999 (-5.11%), 13 Oct 1999 (-4.98%), 14 Oct 1999 (12.07%), 16 Dec 1999 (-5.65%), 17 Dec 1999 (-5.39%), 20 Dec 1999 (-5.16%), 21 Dec 1999 (-4.97%), 22 Dec 1999 (-4.8%), 23 Dec 1999 (-4.92%), 28 Dec 1999 (-5.52%), 29 Dec 1999 (-5.27%), 30 Dec 1999 (-5.06%)
1998503 Apr 1998 (-4.94%), 07 Apr 1998 (-4.55%), 09 Apr 1998 (-4.58%), 10 Apr 1998 (-5.15%), 15 Apr 1998 (10.28%)
1997406 Jan 1997 (-2.04%), 10 Jan 1997 (-1.86%), 16 Jan 1997 (-1.79%), 20 Jan 1997 (-1.81%)
1996120 May 1996 (3.07%)
1995325 Jul 1995 (-2.73%), 26 Jul 1995 (5.36%), 22 Aug 1995 (7.52%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play