Study: Sell SYNDIBANK when there is Dead Cross (50 DMA < 200 DMA)

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In this study, we evaluate the performance of strategy "Sell SYNDIBANK when there is Dead Cross (50 DMA < 200 DMA)" 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
1-36690.291851327.785088.3913114.75-4779.4-12026.141.060.41-0.078-2038.35
2-1001611831516.672935.034400.61-7264.43-30065.360.40.081-0.16-5564.52
3-1249851841422.224636.9910318.66-10252.37-40784.310.450.13-0.13-6943.62
4-86285.911861233.336286.7316048.32-10333.86-41830.070.610.3-0.086-4793.66
5-478831871138.898607.4626229.51-9830.48-41830.070.880.56-0.045-2660.17
6-68632.931881044.445884.8613287.32-11571.18-38954.250.510.41-0.071-3812.94
7-86646.361899504965.0818512.9-14592.45-51241.830.340.34-0.076-4813.69
8-1068821861233.336310.415174.51-12062-53333.330.520.26-0.093-5937.87
9-70672.481899508216.8815933.23-16069.38-53856.210.510.51-0.054-3926.25
10-59306.811810855.568771.216627.08-18377.35-60392.160.480.6-0.043-3294.82
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
atrnil37.85-128016202181020676.7523157.44-9409.44-22342.742.20.24-0.15-6400.82
atrtrail34.15-10187720317157480.7818196.07-7312.92-15243.771.020.18-0.17-5093.86
atrnil27.7-141801202181013784.515438.29-9409.44-22342.741.460.16-0.2-7090.05
atrtrail-14.25-10706020317155753.213013.33-7312.92-15243.770.790.14-0.2-5353
atrtrail24.05-1079432031715545912130.71-7312.92-15243.770.750.13-0.21-5397.13

In the table above, row 1 shows the best exit criterion. Profit factor is 0.24. 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.
SYNDIBANK Performance, Profit Factor:0.244

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2018120 Feb 2018 (-5.92%)
2017104 Sep 2017 (-2.98%)
2016115 Dec 2016 (9.1%)
2015114 Jan 2015 (-4.05%)
2014201 Dec 2014 (-3.73%), 02 Dec 2014 (11.58%)
2013110 Jul 2013 (-3.96%)
2012207 Jun 2012 (-4.19%), 10 Sep 2012 (-2.81%)
2011118 Feb 2011 (-4.43%)
2010105 Apr 2010 (-2.64%)
2009112 Mar 2009 (-7.62%)
2008131 Mar 2008 (-6.93%)
2007219 Mar 2007 (-4.9%), 20 Mar 2007 (-4.75%)
2006107 Jun 2006 (-11.17%)
2004113 Jul 2004 (-5.41%)
2002109 Jan 2002 (-2.27%)
2001102 Apr 2001 (-4.0%)
2000116 Oct 2000 (-2.91%)



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