Unstable Momentum Trading Backtesting Results - Renko Charts
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Dear Team Definedge,
I would like to inform you that I have created a Momentum Trading Strategy which is saved to my Momentify platform and whenever I am backtesting this saved strategy in RZONE, it is showing different results on different days despite my "Parameters being equal" each time. To safeguard the manual error, I use the 'Linked to Momentify' tick mark before Backtesting it but the result varies each day.
Example:
Backtesting Period : 2013 - 2024
Stop Loss : 20
Position Size : 15 with 'Reinvestment Option'
Other parameters are saved with Momentify hence 'No chances of manual error' and I always check the parameters manually as well each time.Results:
CAGR / MDD on 18th July 2025: 33.56% / 12.56% (Screenshot attached)
CAGR / MDD on 28th July 2025: 31% / 16% (forgot to take Screenshot)
CAGR / MDD on 29th July 2025: 22.46% / 12.60% (Screenshot attached)The same difference has been observed while backtesting another data sample from 2001 - 2012.
