SAPNRG (5218)

MQ Signal Backtesting Rating

Figure 1: MQ Signal Backtesting of SAPNRG obtained on 12 Sep 2018.

MQ Robo Advisor Commentary

Background

MQ Signal Backtest service performed Live Backtesting on stock SAPNRG (5218) based on ADX Crossover Trade Signal and Hourly chart duration. Up to 5 years historical data were used for this Live backtesting service.

Test Result

A total of 4 Trade Signals were analyzed. The latest Trade Signal was detected on 12/09/2018. On average, the Backtest result shows that the best performance is achieved on T+1 after trading day with 75% success rate.

Overall, this Trade Signal achieved a MQ Signal Backtest Rating of 4.0/5 stars. This represents a Positive rating. Traders may further analyze this Stock/Signal for trade opportunity.

Comparison between ADX Crossover Hourly Chart and Live Backtest Results

Figure 2: ADX Crossover Hourly Chart of SAPNRG

According to MQ Backtesting results, average gain on T+1 has the highest success rate (75%) while the highest average gain (18.84%) falls on 19 Sep 2018 (T+5). In this part, the accuracy of this result is determined by comparing the backtesting result with the real share price in SAPNRG’s technical chart.

It is proven that we can earn remarkably high profit (31.43%) within 5 trading days by following the backtesting result. Figure 2 shows a sharp increase in share price since 12 Sep 2018 and it starts to transform into sideway trend since 14 Sep 2018 (T+2). As per discussed in our previous blog post – MQ Trader Strategy – ADX Crossover, ADX is highly dependent on the trend strength. Hence, ADX signals predicted that the highest gain takes place on T+5 when the strong sell momentum becomes more significant.

 Conclusion

As mentioned in our previous blog post – MQ Trader – Introduction to Backtesting, a single trading strategy is impossible to fit the investment of all stocks, as all stocks exhibit different characteristics.  MQ Backtesting allows us to increase the winning chance of our investment by determining the suitability of trading strategies on each stock. Hence, signals with high accuracy and quality can be identified based on MQ live backtest rating within seconds.

MQ Trader Workshop

For those who are interested in MQ backtesting, you can visit MQ Trader Workshop - Trade Signal Analysis & Backtesting With MQ Trader [Free Registration!] to know more about our coming workshop on 6 October 2018

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Disclaimer

This article does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties in the Internet. We may or may not hold position in the stock covered, or initiate new position in the stock within the next 7 days.

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