Study: Buy MINDTREE when near 200 SMA and above 200 SMA

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In this study, we evaluate the performance of strategy "Buy MINDTREE when near 200 SMA and above 200 SMA" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy MINDTREE 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
113301.55117463.643975.5310258.71-3631.79-4884.31.091.920.0861209.23
240323.06119281.824901.5711592.67-1895.51-3195.012.5911.640.293665.73
336800.98118372.736201.5512497.59-4270.47-6940.871.453.870.193345.54
439127.06119281.825200.0715595.02-3836.79-4260.011.366.10.233557.01
541820.37119281.825097.6912304.97-2029.43-4040.562.5111.30.313801.85
624865.4117463.645512.1711249.37-3429.95-7740.541.612.810.142260.49
718675.86117463.646535.0516111.26-6767.37-11780.880.971.690.0711697.81
83140.6115645.4512021.1819116.23-9494.22-21560.651.271.060.0074285.51
910775.21114736.3617128.6820896.1-8248.5-23668.642.081.190.022979.56
10-7892.86115645.4511287.123961.33-10721.39-24500.741.050.88-0.018-717.53

From the table above, we see that best results are achieved by holding positions for 2 trading days. Profit factor is 11.64. Strategy is very good and impressively bullish. Percentage of profitable trades is 81.82%, which is excellent. Average return per trade is 1.83%, which is not very high, but percentage of profitable trades compensates for it.
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.
MINDTREE Performance, X=2, Profit Factor:11.6

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2016118 Feb 2016 (+)
2015320 Jul 2015 (-), 06 Aug 2015 (+), 26 Aug 2015 (+)
2011118 Jan 2011 (+)
2010322 Feb 2010 (-), 12 Mar 2010 (+), 29 Dec 2010 (+)
2008329 Apr 2008 (+), 21 May 2008 (+), 05 Jun 2008 (+)

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-1240323.06119281.824901.5711592.67-1895.51-3195.012.5911.640.293665.73
200nil31.522735.561871138.898240.4611437.36-3177.06-3897.182.591.650.0721263.09
200trail31.517212.321871138.897187.0511437.36-3008.82-3897.182.391.520.059956.24
200trail21.2212035.431881044.445446.327624.91-3153.51-3897.181.731.380.05668.63
200nil21.2211180.471881044.445446.327624.91-3239.01-3897.181.681.350.046621.14
atrnil37.079000.711441028.5722944.9927102.73-8277.92-11488.282.771.110.015642.91
200trail-12.59709.91751229.417064.1318991.36-2884.23-3897.182.451.020.002341.76
atrtrail24.38-10264.791651131.2510465.2416586.9-5690.09-8999.241.840.84-0.025-641.55
atrnil26.07-21592.61441028.5715296.6618068.49-8277.92-11488.281.850.74-0.046-1542.33
atrtrail34.75-21496.451651131.258218.920798.34-5690.09-8999.241.440.66-0.057-1343.53
atrtrail-14.88-23395.581651131.257839.0818899.22-5690.09-8999.241.380.63-0.065-1462.22

In the table above, row 1 shows the best exit criterion. Profit factor is 11.64. Strategy is very good and impressively bullish. Percentage of profitable trades is 81.82%, which is excellent. Average return per trade is 1.83%, which is not very high, but percentage of profitable trades compensates for it.
Performance of strategy chart over time is same as above.

View performance of other stocks for this trading system.