Study: Buy SYNDIBANK when below 200 SMA

home > technical-strategy > syndibank > 57

In this study, we evaluate the performance of strategy "Buy SYNDIBANK when below 200 SMA" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy 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. 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
142518.3381404149.386273.6843333.33-5083.63-19891.011.231.20.014524.92
212592081414050.628683.4672333.33-5752.56-28375.731.511.550.031554.56
310074381433853.099164.7670666.67-7719.53-31213.311.191.340.0221243.74
434255.8381384346.9112109.0965666.67-9904.41-38660.291.221.080.0061422.91
5-8929.1581423951.8511904.4764000-13049.15-43827.750.910.98-0.0015-110.24
6-44949.8681433853.0912298.1663000-15099.22-54109.590.810.92-0.007-554.94
711449.8781423951.8514518.7160333.33-15341.95-45499.020.951.020.0017141.36
818013.5581414050.6214902.3153333.33-14824.52-54207.441.011.030.0026222.39
9-17493.3581404149.3815974.3153856.21-16011.36-57632.0910.97-0.0024-215.97
10-9205.4281404149.3816763.9660392.16-16579.6-59491.191.010.99-0.0012-113.65
Although, strategy looks good but profit factor on day 1 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
atrnil39.471228851393610325.931434.3798322.35-9793.71-23983.523.211.120.01884.06
atrnil26.1594808.22147509734.0120672.1565548.23-9678.34-23983.522.141.10.0095644.95
atrtrail24.081751.111665910735.5414149.2765548.23-7785.57-22342.741.8210.0001910.55
atrtrail34.76-47149.041665910735.5413320.4545731.32-7785.57-22342.741.710.94-0.0052-284.03
atrtrail-15.25-77201.431665910735.5412811.0949478.95-7785.57-22342.741.650.91-0.0084-465.07

In the table above, row 1 shows the best exit criterion. Profit factor is 1.12. Profit factor is showing that this strategy doesn't give any edge over rendomness and it is only as good as tossing a coin and doing the trade. Percentage of profitable trades is 25.9%, which is not acceptable. Avoid this strategy. Average return per trade is 0.44%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.01, 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.
SYNDIBANK Performance, Profit Factor:1.12

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019623 Jan 2019 (-3.72%), 28 Jan 2019 (11.0%), 08 Feb 2019 (-4.46%), 13 Feb 2019 (14.21%), 02 May 2019 (-4.76%), 13 May 2019 (-5.41%)
20181916 Jan 2018 (10.96%), 30 Jan 2018 (-4.89%), 01 Feb 2018 (-5.05%), 06 Feb 2018 (-5.54%), 16 Feb 2018 (-5.37%), 19 Feb 2018 (-6.05%), 23 Mar 2018 (-6.1%), 15 May 2018 (-3.68%), 16 May 2018 (14.89%), 21 Jun 2018 (-4.14%), 26 Jun 2018 (-4.45%), 27 Jun 2018 (-4.96%), 28 Jun 2018 (16.11%), 16 Aug 2018 (-4.77%), 21 Sep 2018 (-5.79%), 28 Sep 2018 (19.35%), 05 Dec 2018 (-3.48%), 06 Dec 2018 (-3.73%), 10 Dec 2018 (11.68%)
2017308 Mar 2017 (8.57%), 03 Aug 2017 (-3.16%), 10 Aug 2017 (12.26%)
20161607 Jan 2016 (-2.94%), 12 Jan 2016 (-3.29%), 14 Jan 2016 (-3.5%), 15 Jan 2016 (-4.23%), 29 Jan 2016 (-5.03%), 01 Feb 2016 (-5.5%), 03 Feb 2016 (-5.93%), 10 Feb 2016 (-6.19%), 16 Feb 2016 (21.56%), 16 May 2016 (-4.4%), 24 May 2016 (16.01%), 10 Aug 2016 (11.43%), 03 Nov 2016 (-3.58%), 16 Dec 2016 (-3.08%), 20 Dec 2016 (-3.15%), 26 Dec 2016 (9.09%)
20151630 Jan 2015 (-4.04%), 05 Feb 2015 (-4.32%), 09 Feb 2015 (-4.7%), 16 Mar 2015 (-4.21%), 23 Mar 2015 (-4.16%), 26 Mar 2015 (-3.99%), 27 Mar 2015 (12.74%), 11 Jun 2015 (-3.55%), 18 Jun 2015 (-3.58%), 29 Jun 2015 (-3.57%), 28 Jul 2015 (12.68%), 24 Aug 2015 (-5.77%), 26 Aug 2015 (-6.18%), 04 Sep 2015 (18.15%), 08 Dec 2015 (-3.01%), 10 Dec 2015 (-3.04%)
2014524 Jan 2014 (-3.69%), 27 Jan 2014 (-4.24%), 30 Jan 2014 (13.72%), 25 Sep 2014 (16.86%), 16 Dec 2014 (15.65%)
20131321 Mar 2013 (-4.24%), 26 Mar 2013 (13.88%), 18 Jun 2013 (-3.63%), 20 Jun 2013 (-3.65%), 21 Jun 2013 (-3.79%), 24 Jun 2013 (-3.99%), 25 Jun 2013 (-4.14%), 25 Jul 2013 (-4.71%), 26 Jul 2013 (-5.5%), 29 Jul 2013 (-6.02%), 01 Aug 2013 (-6.66%), 02 Aug 2013 (-7.98%), 16 Aug 2013 (-7.64%)
2012725 Apr 2012 (-4.22%), 26 Apr 2012 (-4.46%), 08 May 2012 (-5.04%), 16 May 2012 (14.61%), 23 Jul 2012 (-2.75%), 26 Jul 2012 (-2.91%), 27 Jul 2012 (10.46%)
20111510 Jan 2011 (-5.35%), 17 Jan 2011 (16.78%), 29 Apr 2011 (-3.63%), 02 May 2011 (-3.9%), 05 May 2011 (-4.07%), 09 Aug 2011 (-3.86%), 18 Aug 2011 (-4.43%), 19 Aug 2011 (14.53%), 17 Nov 2011 (-3.84%), 13 Dec 2011 (-3.98%), 16 Dec 2011 (-4.09%), 19 Dec 2011 (-4.58%), 20 Dec 2011 (-5.33%), 23 Dec 2011 (-5.87%), 29 Dec 2011 (17.51%)
2010205 Feb 2010 (13.33%), 25 May 2010 (10.98%)
2009424 Feb 2009 (-5.39%), 26 Feb 2009 (-6.16%), 02 Mar 2009 (-7.76%), 12 Mar 2009 (22.87%)
20081122 Jan 2008 (-11.52%), 12 Mar 2008 (-7.85%), 17 Mar 2008 (-8.08%), 02 Jun 2008 (-4.35%), 04 Jun 2008 (-4.66%), 09 Jun 2008 (-5.11%), 23 Jun 2008 (-5.18%), 25 Jun 2008 (-5.68%), 01 Jul 2008 (19.63%), 10 Oct 2008 (-5.91%), 27 Oct 2008 (24.98%)
2007624 Jan 2007 (10.18%), 22 Feb 2007 (-5.35%), 05 Mar 2007 (-5.68%), 02 Apr 2007 (18.75%), 11 Jun 2007 (-4.26%), 21 Aug 2007 (15.64%)
2006627 Apr 2006 (-4.93%), 22 May 2006 (-10.42%), 07 Jun 2006 (-11.17%), 08 Jun 2006 (-11.99%), 11 Dec 2006 (-3.67%), 12 Dec 2006 (15.01%)
2004117 May 2004 (49.16%)
2001705 Mar 2001 (-4.46%), 13 Mar 2001 (-5.87%), 18 Jun 2001 (-3.73%), 05 Jul 2001 (10.59%), 17 Sep 2001 (-6.51%), 13 Dec 2001 (-2.43%), 21 Dec 2001 (-2.32%)
2000217 Oct 2000 (-3.11%), 26 Dec 2000 (-4.22%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play