Running two simultaneous strategies in momentify
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Hi Team,
I have been using Momentify to backtest and run momentum strategies, and I’m planning to go live with two strategies simultaneously — one on the BSE Smallcap Index and another on the Nifty 500 Index.
Since both strategies will be executed through the same Definedge demat account, I’m concerned about potential conflicts due to overlapping stocks between the two strategies given that Indian markets follow the FIFO (First-In, First-Out) principle for taxation and trade settlement.
Or I have to select two completely different universe so that overlapping doesn't happen.
Thanks
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I had same question, from what I understood from Prashant sir is that momentify will keep track of P/L of each strategy separately though broker report will be based on FIFO.
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Now we also have the momentum trading engine so the questions remains the same that how will the demat identify which stocks belongs to which strategy as there is no such feature yet I think..The real P&L will get messed up if there will be common stocks across different strategies..Requesting @Definedge to clarify on this aspect.
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Hi, separate P&L will be maintained in Momentify. We will work P&L from taxation point of view as well.
