Study: Buy TATAGLOBAL 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 TATAGLOBAL 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 TATAGLOBAL 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
1-24154.1248202841.674177.5420767.81-3846.6-14067.881.090.78-0.018-503.21
2-83809.4948183037.54866.0421816.12-5713.28-17221.140.850.51-0.05-1746.03
3-11626148183037.54736.9717736.22-6717.55-25943.530.710.42-0.063-2422.11
4-74991.8148183037.56543.9215497.95-6426.08-28487.561.020.61-0.036-1562.33
5-11731948192939.586517.0817112.91-8315.28-31451.610.780.51-0.049-2444.14
6-14150348173135.426427.9818614.53-8089.62-32258.060.790.44-0.06-2947.97
7-15834748173135.428438.627333.91-9735.6-32762.10.870.48-0.057-3298.9
8-14294848202841.678547.2625780.85-11210.46-35534.270.760.54-0.048-2978.08
9-17090648202841.677658.8423248.21-11574.37-39818.550.660.47-0.056-3560.53
10-17604448202841.678374.3728457.61-12268.97-39264.110.680.49-0.054-3667.58

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 0.78. 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 41.67%, which is not acceptable. Avoid this strategy. Average return per trade is -0.25%, we advise you not to use this strategy.

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-11-24154.1248202841.674177.5420767.81-3846.6-14067.881.090.78-0.018-503.21
atrtrail-14.59-85449.5756114519.6415739.5541436.35-5746.33-15431.82.740.67-0.029-1525.89
atrnil35.88-11611557114619.321160.7126288.3-7584.41-16516.372.790.67-0.035-2037.1
atrtrail34.02-92242.3757114619.315873.5826288.3-5801.12-15431.82.740.65-0.034-1618.29
atrnil24.6-11322457154226.3213922.1217525.53-7668-16516.371.820.65-0.041-1986.39
atrtrail23.65-11333657124521.0512504.7117525.53-5853.16-15431.82.140.57-0.049-1988.35

In the table above, row 1 shows the best exit criterion. Profit factor is 0.78. 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 41.67%, which is not acceptable. Avoid this strategy. Average return per trade is -0.25%, we advise you not to use this strategy.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
TATAGLOBAL Performance, X=1, Profit Factor:0.776

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2020113 Jan 2020 (10.38%)
2019326 Jun 2019 (0.42%), 28 Nov 2019 (1.4%), 13 Dec 2019 (-1.77%)
2017302 May 2017 (-0.95%), 16 Aug 2017 (-1.68%), 29 Dec 2017 (-1.11%)
2014127 Jun 2014 (0.96%)
2012328 May 2012 (-0.99%), 07 Sep 2012 (0.04%), 08 Nov 2012 (0.93%)
2011217 Feb 2011 (-7.03%), 25 Jul 2011 (-0.43%)
2010505 Jan 2010 (1.56%), 02 Mar 2010 (2.36%), 14 May 2010 (3.31%), 14 Jun 2010 (0.81%), 23 Aug 2010 (-0.21%)
2009626 Feb 2009 (0.22%), 08 May 2009 (-1.61%), 03 Jun 2009 (1.9%), 24 Aug 2009 (-1.41%), 06 Nov 2009 (0.92%), 24 Nov 2009 (-0.38%)
2008230 Jan 2008 (-1.96%), 13 Aug 2008 (0.13%)
2007127 Aug 2007 (1.62%)
2005604 Jan 2005 (-2.76%), 31 Jan 2005 (-0.87%), 04 Apr 2005 (-0.4%), 22 Apr 2005 (-0.36%), 24 Jun 2005 (2.29%), 18 Jul 2005 (-2.31%)
2004109 Feb 2004 (-1.26%)
2003323 Jan 2003 (-1.91%), 15 Apr 2003 (-0.17%), 09 Jun 2003 (-3.66%)
2001208 Feb 2001 (2.83%), 11 Dec 2001 (-3.68%)
2000121 Dec 2000 (-1.8%)
1999411 Feb 1999 (-2.67%), 01 Mar 1999 (-2.52%), 18 Mar 1999 (0.27%), 01 Oct 1999 (-4.19%)
1997204 Aug 1997 (-0.91%), 27 Nov 1997 (-4.84%)
1995214 Jul 1995 (7.68%), 31 Oct 1995 (1.76%)



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