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Running two simultaneous strategies in momentify

Scheduled Pinned Locked Moved Momentify
@askprashant@askdefinedge
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  • S Offline
    S Offline
    Shubham Mishra
    wrote on last edited by
    #1

    Hi Team,

    I have been using Momentify to backtest and run momentum strategies, and Iโ€™m planning to go live with two strategies simultaneously โ€” 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, Iโ€™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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  • B Offline
    B Offline
    Bhaavin Ashar

    Pro User

    wrote on last edited by
    #2

    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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  • S Offline
    S Offline
    Shubham Mishra
    wrote on last edited by Shubham Mishra-1746428414523
    #3

    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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  • S Offline
    S Offline
    Somu R

    Pro User

    wrote on last edited by
    #4

    Just to share can we rank all the MIP engine startegies to rank and check the reutrn and draw down and find the common stocks in all the stratgies to check the overlap

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  • Prashant Shah Offline
    prashant.shah26@gmail.comP Offline
    Prashant Shah
    wrote on last edited by
    #5

    Hi, separate P&L will be maintained in Momentify. We will work P&L from taxation point of view as well.

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