Study: Buy TATAGLOBAL when RSI is below 50 and there is Bullish Crossover in MACD

home > technical-strategy > tataglobal > 64

In this study, we evaluate the performance of strategy "Buy TATAGLOBAL when RSI is below 50 and there is Bullish Crossover in MACD" 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
178720.7983453854.223749.6116004.45-2368.73-11241.391.581.870.044948.44
211964883463755.425748.9924137.93-3913.67-16170.211.471.830.0451441.54
312897183434051.817343.5641937.98-4670.04-17900.171.571.690.0371553.87
415352283424150.68301.2747751.94-4759.29-18231.311.741.790.0391849.66
515628783443953.018715.2151860.47-5825.18-19805.481.51.690.0361882.98
615564283443953.0110039.5349806.2-7335.82-27931.291.371.540.0321875.21
718342383453854.2210601.9347621.48-7727.99-31242.221.371.620.0342209.92
820280283434051.8111125.8450613.81-6890.24-30968.381.611.740.0382443.39
916432683473656.639882.1241432.23-8337.04-32160.261.191.550.0311979.83
1018096483473656.6310775.8952420.09-9041.74-32051.981.191.560.0312180.29

From the table above, we see that best results are achieved by holding positions for 1 trading days. Profit factor is 1.87. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 54.22%, which is not acceptable. Avoid this strategy. Average return per trade is 0.47%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.044, which is low, don't trade solely on the basis of this study.

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-1178720.7983453854.223749.6116004.45-2368.73-11241.391.581.870.044948.44
atrnil311.215320290266428.8926257.4453001.1-8273.31-16729.193.171.290.0211702.24
atrnil28.0310208891345737.3616965.7635334.07-8328.92-16729.192.041.220.0181121.84
atrtrail25.098359.0593365738.719962.9435334.07-6145.73-16729.191.621.020.001889.88
atrtrail35.71-11614.1393365738.719408.1331472.22-6145.73-16729.191.530.97-0.0025-124.88
atrtrail-16.11-35987.0193365738.718731.152235.29-6145.73-16729.191.420.9-0.0075-386.96

In the table above, row 1 shows the best exit criterion. Profit factor is 1.87. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 54.22%, which is not acceptable. Avoid this strategy. Average return per trade is 0.47%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.044, 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.
TATAGLOBAL Performance, X=1, Profit Factor:1.87

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019121 Feb 2019 (-0.73%)
2018627 Feb 2018 (0.18%), 29 May 2018 (2.72%), 27 Jun 2018 (-0.62%), 07 Aug 2018 (-0.53%), 14 Nov 2018 (1.86%), 14 Dec 2018 (-1.08%)
2016324 Feb 2016 (-0.47%), 28 Nov 2016 (0.83%), 29 Dec 2016 (0.74%)
2015523 Feb 2015 (-0.26%), 07 Apr 2015 (0.33%), 13 May 2015 (1.21%), 22 Jun 2015 (-0.85%), 07 Sep 2015 (0.42%)
2014610 Feb 2014 (0.87%), 05 Mar 2014 (1.17%), 18 Aug 2014 (1.36%), 30 Oct 2014 (1.68%), 19 Nov 2014 (-0.57%), 31 Dec 2014 (-0.17%)
2013515 Feb 2013 (0.6%), 08 Mar 2013 (-1.01%), 01 Apr 2013 (2.09%), 04 Sep 2013 (2.33%), 02 Dec 2013 (-1.67%)
2012225 May 2012 (2.92%), 21 Jun 2012 (0.46%)
2011604 Jan 2011 (-0.71%), 20 Jan 2011 (-0.8%), 16 Feb 2011 (7.62%), 03 Mar 2011 (0.39%), 03 Jun 2011 (-0.48%), 11 Oct 2011 (1.67%)
2010216 Feb 2010 (-0.68%), 13 Dec 2010 (1.15%)
2009325 Feb 2009 (3.26%), 24 Mar 2009 (2.07%), 05 Nov 2009 (3.93%)
2008715 Feb 2008 (-2.08%), 25 Jun 2008 (0.75%), 10 Jul 2008 (-2.98%), 05 Sep 2008 (0.48%), 22 Sep 2008 (-1.78%), 05 Nov 2008 (-5.62%), 25 Nov 2008 (-0.75%)
2007213 Mar 2007 (-0.57%), 24 Aug 2007 (1.83%)
2006428 Mar 2006 (-1.18%), 20 Apr 2006 (-1.2%), 16 Jun 2006 (5.11%), 29 Dec 2006 (-0.53%)
2004330 Mar 2004 (1.24%), 26 May 2004 (-1.0%), 09 Jun 2004 (0.4%)
2003110 Feb 2003 (-0.76%)
2002412 Apr 2002 (-0.95%), 06 Jun 2002 (-1.77%), 12 Aug 2002 (0.39%), 07 Oct 2002 (-0.51%)
2001521 Mar 2001 (-1.57%), 17 Apr 2001 (4.94%), 12 Jul 2001 (0.35%), 01 Aug 2001 (-0.4%), 27 Sep 2001 (2.25%)
2000527 Mar 2000 (-2.05%), 10 Apr 2000 (-1.28%), 09 Jun 2000 (1.73%), 03 Jul 2000 (0.16%), 09 Aug 2000 (0.11%)
1999305 May 1999 (6.27%), 07 Jul 1999 (-1.67%), 25 Nov 1999 (-1.61%)
1998203 Aug 1998 (1.26%), 09 Sep 1998 (0.81%)
1997126 Nov 1997 (8.0%)
1996330 Jan 1996 (0.39%), 27 Aug 1996 (1.21%), 18 Oct 1996 (0.75%)
1995430 Mar 1995 (-1.39%), 19 May 1995 (-1.53%), 13 Jul 1995 (4.08%), 15 Dec 1995 (-1.21%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play