Study: Buy RELCAPITAL 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 RELCAPITAL 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 RELCAPITAL 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
110499334151944.1211240.0143842.76-3347.76-15637.543.362.650.063088.02
259602.3134191555.888376.7326166.6-6637.03-24824.931.261.60.0351753.01
310483334211361.7610465.0233740.83-8840.98-22724.091.181.910.0493083.32
413696734221264.7112633.359992.28-11747.16-28673.971.081.970.0484028.43
518699734231167.6514682.4368459.66-13699.87-27284.661.072.240.0595499.92
618286234211361.7615558.3860352.59-11066.47-21119.721.412.270.0625378.29
718094134211361.7615421.8473941.58-10993.65-25223.831.42.270.0575321.8
821572534201458.8217908.4386861.41-10174.58-24598.641.762.510.0626344.84
92082333425973.5314297.8273452.58-16579.19-28958.510.862.40.0616124.49
1012738734201458.8215856.0665551.41-13552.45-35901.781.171.670.0363746.68

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 2.65. 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 44.12%, which is not acceptable. Avoid this strategy. Average return per trade is 1.54%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.06, 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.
RELCAPITAL Performance, X=1, Profit Factor:2.65

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2018214 Feb 2018 (-4.96%), 24 Jul 2018 (1.44%)
2017315 Mar 2017 (8.5%), 27 Apr 2017 (-0.75%), 01 Sep 2017 (-4.44%)
2015227 Feb 2015 (-1.04%), 26 Nov 2015 (-0.35%)
2014113 May 2014 (6.7%)
2013102 Jan 2013 (-0.21%)
2011101 Jun 2011 (-2.67%)
2010114 Jul 2010 (2.12%)
2009118 May 2009 (21.92%)
2008115 Feb 2008 (-0.25%)
2007420 Jun 2007 (-1.3%), 26 Jul 2007 (-7.82%), 28 Aug 2007 (0.94%), 30 Oct 2007 (-0.04%)
2006126 Dec 2006 (-0.48%)
2005229 Mar 2005 (-1.82%), 04 Aug 2005 (1.45%)
2004123 Sep 2004 (2.42%)
2003221 Aug 2003 (0.71%), 29 Dec 2003 (-2.46%)
2002127 Dec 2002 (1.66%)
2001106 Dec 2001 (5.67%)
1999409 Jun 1999 (0.0%), 16 Aug 1999 (-0.46%), 15 Nov 1999 (7.49%), 21 Dec 1999 (8.01%)
1998207 Apr 1998 (7.69%), 27 Oct 1998 (-0.5%)
1997213 Jun 1997 (-1.1%), 06 Aug 1997 (-1.15%)
1996102 Feb 1996 (7.57%)

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-1110499334151944.1211240.0143842.76-3347.76-15637.543.362.650.063088.02
atrtrail-14.4710879638162242.1115741.1865081.63-6502.85-14305.762.421.760.0362863.06
atrtrail23.298435341162539.0215668.6726382.92-6653.83-14305.762.351.510.0352057.39
atrtrail33.7976389.2839162341.0314534.6139574.38-6789.76-14305.762.141.490.031958.7
atrnil36.5136337.2539112828.2126429.5239574.38-9085.27-19724.722.911.140.011931.72
atrnil24.915104.7641142734.1518380.1126382.92-8970.99-19724.722.051.060.0056368.41

In the table above, row 1 shows the best exit criterion. Profit factor is 2.65. 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 44.12%, which is not acceptable. Avoid this strategy. Average return per trade is 1.54%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.06, 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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