Study: Buy TATAGLOBAL when ADX is Trending and there is Golden Cross (50 DMA > 200 DMA)

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In this study, we evaluate the performance of strategy "Buy TATAGLOBAL when ADX is Trending and there is Golden 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: 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
1-32337.971239254269.289002.12-5016.2-94080.850.28-0.1-2694.83
2-671021221016.671098.322038.22-6929.86-12347.10.160.032-0.23-5591.83
3-70026.76124833.333149.46284.5-10328.04-21187.460.30.15-0.15-5835.56
4-87292.461239253660.075180.47-10919.18-23140.320.340.11-0.18-7274.37
5-82849.541239252440.085520.17-10018.86-25639.140.240.081-0.16-6904.13
6-66617.011239252782.085350.32-8329.25-29429.370.330.11-0.13-5551.42
7-48724.96124833.337155.1519008-9668.19-25565.650.740.37-0.078-4060.41
8-49782.691239258826.8419136-8473.69-29859.841.040.35-0.077-4148.56
9-48357.8812392511746.4923808-9288.59-28494.931.260.42-0.065-4029.82
10-35592.9125741.6710546.9225791.66-12618.22-28662.920.840.6-0.042-2966.08
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
atrtrail33.27-53651.18151146.6734106.6834106.68-6268.42-10495.955.440.39-0.07-3576.75
atrnil34.27-72588.2151146.6734106.6834106.68-7621.06-10495.954.480.32-0.093-4839.21
atrtrail23.13-65020.07151146.6722737.7922737.79-6268.42-10495.953.630.26-0.12-4334.67
atrtrail-13.4-68269.21151146.6719488.6519488.65-6268.42-10495.953.110.22-0.13-4551.28
atrnil24.13-83957.1151146.6722737.7922737.79-7621.06-10495.952.980.21-0.15-5597.14

In the table above, row 1 shows the best exit criterion. Profit factor is 0.39. 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.
TATAGLOBAL Performance, Profit Factor:0.389

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019106 Jun 2019 (-1.71%)
2017106 Mar 2017 (-2.64%)
2016125 Jan 2016 (-1.95%)
2014128 May 2014 (-2.8%)
2012108 Feb 2012 (-0.37%)
2009120 May 2009 (17.05%)
2007101 Jun 2007 (-5.0%)
2003324 Jan 2003 (-2.86%), 27 Jan 2003 (-3.07%), 24 Feb 2003 (-2.83%)
2002205 Mar 2002 (-4.13%), 06 Mar 2002 (-3.51%)
2001120 Feb 2001 (-5.25%)
1999213 Jan 1999 (-3.91%), 14 Jan 1999 (-3.84%)



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