Study: Buy ASIANPAINT when near 200 SMA and above 200 SMA and ADX is Trending

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In this study, we evaluate the performance of strategy "Buy ASIANPAINT when near 200 SMA and above 200 SMA 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 ASIANPAINT 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
151623.4629191065.523115.1512428.63-756.44-2133.914.127.820.121780.12
288916.922920968.975254.0324936.93-1795.97-5342.472.936.50.113066.1
388049.1129171258.626280.2130301.06-1559.54-5972.64.035.70.0963036.18
410009929191065.526530.4928941.89-2398.07-5234.632.725.170.113451.68
51243122923679.316141.3221745.47-2823.11-6012.62.188.340.144286.61
61187002921872.417135.2417892.11-3892.55-8489.511.834.810.134093.09
799185.829181162.078069.7419829.2-4188.14-13644.271.933.150.093420.2
81289752920968.978556.2927473.44-4683.46-14019.091.834.060.114447.4
91521572921872.418768.0324405.79-3996.43-14467.332.195.760.135246.8
101905062923679.319189.5725029-3475.62-5701.552.6410.140.176569.18

From the table above, we see that best results are achieved by holding positions for 10 trading days. Profit factor is 10.14. Strategy is very good and impressively bullish. Percentage of profitable trades is 79.31%, which is excellent. Average return per trade is 3.28%, which is very good.
In the chart below, we plot cumulative trade gain versus trades. This chart is important and informative as it shows the performance of strategy over time.
ASIANPAINT Performance, X=10, Profit Factor:10.1

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2015323 Jun 2015 (+), 10 Sep 2015 (-), 18 Nov 2015 (+)
2013130 Sep 2013 (+)
2012330 Jan 2012 (+), 14 Feb 2012 (+), 21 Mar 2012 (+)
2011415 Feb 2011 (-), 25 Apr 2011 (+), 11 May 2011 (+), 21 Nov 2011 (-)
2009115 May 2009 (+)
2008124 Jul 2008 (+)
2005106 Jan 2005 (+)
2004113 Jan 2004 (-)
2003307 Jan 2003 (+), 23 Jan 2003 (-), 11 Mar 2003 (+)
2002201 Nov 2002 (+), 11 Dec 2002 (-)
2001231 Jul 2001 (+), 16 Oct 2001 (+)
2000107 Mar 2000 (+)
1998230 Jul 1998 (+), 05 Nov 1998 (+)
1997112 Aug 1997 (+)
1996324 Jul 1996 (+), 14 Aug 1996 (+), 29 Aug 1996 (+)

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-1101905062923679.319189.5725029-3475.62-5701.552.6410.140.176569.18
atrtrail35.6213188437211656.769580.7829731.42-4332.01-7717.182.212.90.0813564.44
atrnil2815010531181358.0612854.7326674.08-6252.32-9738.262.062.850.14842.1
atrtrail25.0311556637211656.768803.7326674.08-4332.01-7717.182.032.670.083123.41
atrtrail-16.7810704936201655.568849.5733125.89-4371.39-7717.182.022.530.0682973.59
atrnil314.2413389529131644.8318526.7529731.42-6684.55-13337.042.772.250.0774617.07
200trail22.4558847.6742192345.246119.377765.19-2496.54-3702.042.452.020.071401.13
200trail-14.3860581.6740152537.58034.7733782.42-2397.59-3702.043.352.010.0461514.54
200trail32.9859264.441162539.027410.7511647.78-2372.3-3702.043.1220.061445.47
200nil22.5749517.8142192345.246119.377765.19-2902.18-3847.052.111.740.0561179
200nil33.4951660.0839132633.339602.9311647.78-2814.54-3836.113.411.710.0491324.62

In the table above, row 1 shows the best exit criterion. Profit factor is 10.14. Strategy is very good and impressively bullish. Percentage of profitable trades is 79.31%, which is excellent. Average return per trade is 3.28%, which is very good.
Performance of strategy chart over time is same as above.

View performance of other stocks for this trading system.