Study: Sell SYNDIBANK when near 200 SMA and below 200 SMA and RSI is below 50

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In this study, we evaluate the performance of strategy "Sell SYNDIBANK when near 200 SMA and below 200 SMA and RSI is below 50" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: sell SYNDIBANK 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
137226.3229181162.073252.668312.96-1938.32-5488.041.682.750.0871283.67
277326.6429151451.726156.118367.35-1072.49-4486.425.746.150.132666.44
348737.4629151451.727110.6521912.07-4137.3-17742.841.721.840.0511680.6
411438.2329131644.839379.8425819.96-6906.23-27849.661.361.10.0083394.42
53241.2729131644.8311321.2124788-8995.91-37461.491.261.020.0019111.77
6-22178.629111837.9312706.2927397.26-8997.1-41158.351.410.86-0.012-764.78
719948.0129151451.7211884.7734442.27-11308.83-36475.661.051.130.011687.86
87898.3229151451.7211186.7633007.18-11421.65-34750.460.981.050.0044272.36
911651.629161355.1711278.5529354.21-12985.02-50030.810.871.070.0057401.78
109889.0429131644.8314051.3230397.91-10798.63-50030.811.31.060.0048341

From the table above, we see that best results are achieved by holding positions for 2 trading days. Profit factor is 6.15. Strategy is very good and impressively bearish. Percentage of profitable trades is 51.72%, which is not acceptable. Avoid this strategy. Average return per trade is 1.33%, which is not very high, 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.
SYNDIBANK Performance, X=2, Profit Factor:6.15

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019102 May 2019 (1.89%)
2018125 Jan 2018 (4.63%)
2017107 Aug 2017 (3.7%)
2016104 Aug 2016 (-0.88%)
2015109 Jan 2015 (-0.82%)
2014227 Oct 2014 (-0.21%), 22 Dec 2014 (1.21%)
2013204 Apr 2013 (5.47%), 17 Jun 2013 (-0.12%)
2012225 Apr 2012 (3.37%), 01 Aug 2012 (2.67%)
2010422 Feb 2010 (1.26%), 26 Mar 2010 (-2.24%), 15 Apr 2010 (1.34%), 19 May 2010 (-0.0%)
2009102 Feb 2009 (-0.41%)
2008111 Feb 2008 (4.15%)
2007116 Jan 2007 (-0.47%)
2006227 Apr 2006 (-0.06%), 27 Dec 2006 (-0.2%)
2004107 Jun 2004 (-0.42%)
2002111 Jan 2002 (-0.0%)
2001510 Jan 2001 (0.52%), 09 Mar 2001 (9.18%), 12 Jun 2001 (3.66%), 05 Dec 2001 (-0.55%), 28 Dec 2001 (-1.11%)
2000212 Oct 2000 (0.54%), 21 Dec 2000 (2.56%)

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-1277326.6429151451.726156.118367.35-1072.49-4486.425.746.150.132666.44
atrtrail24.4369072.9135152042.8611892.2536638.57-5465.54-10362.232.181.630.0421973.51
atrnil26.4382543.3730131743.3316995.8736638.57-8141.35-18774.952.091.60.0472751.45
atrtrail34.9152219.8234142041.1811362.4228675.39-5342.7-9708.642.131.490.0331535.88
atrnil310.7227654.762992031.0322180.7128675.39-8598.58-18774.952.581.160.015953.61
200nil32.2111894.8743123127.918668.4611717.28-2971.83-3986.62.921.130.012276.62
200trail21.731528.5144152934.095688.397811.52-2889.56-3986.61.971.020.001934.74
200nil21.841188.2843152834.885688.397811.52-3004.91-3986.61.891.010.001527.63
200trail32.02664.6744123227.277406.7611184.86-2756.76-3986.62.691.010.0007215.11
atrtrail-15.48354.7133132039.398246.8325271.02-5342.7-9708.641.5410.0002810.75
200trail-12.67-29152.694293321.436672.520272.16-2703.19-3986.62.470.67-0.032-694.11

In the table above, row 1 shows the best exit criterion. Profit factor is 6.15. Strategy is very good and impressively bearish. Percentage of profitable trades is 51.72%, which is not acceptable. Avoid this strategy. Average return per trade is 1.33%, which is not very high, 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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