Momentify Rebalancing Date & Date of Execution
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Dear Definedge Team,
When we backtest any trading system in RZONE via Momentify linked trading system then usually we place our Rebalance Date as 1st of each month. I have observed that trades executed in backtesting are executed at Closing Price as on 1st of that particular month. So shall I assume that the System is ranking Stocks as on last day of the Month itself and executing trades on 1st of each month to match with our real life scenario where we will be receiving notification in the morning itself on 1st of each month as the System must have ranked Stocks as on last day of the month for providing us the notification next day?
Please guide me whether my understanding is correct or not.
