Dear Definedge Team

Why MCX is still showing as BLOCKED in Momentify holding page when all the activities pertaining to the SPLIT already been completed in the last week?

@Manigopal Vutla
Because you have specifically mentioned the Backtest start date as 1st Dec and not the 15th. If you wanted to start the testing from 15th Dec then you should have mentioned the start date as 15th Dec.

@Manigopal Vutla
There is no bug in the system. Starting date of the back test was 1st and therefore trades executed as the entry conditions got satisfied on the 1st. On the 15th no exit was satisfied hence no new entry.
Hope it is clear ow.

@SANTOSH CHOUDHARI
Try following link:
https://www.definedgesecurities.com/patterns-indicators/

@Prasiddh Shroff
Please comment

@Aditya Agarwal
Mr Prashant Shah and his team has already done this job and Mr Shah has compiled the results in his book- Master Momentum Investing and Trading Strategies.
Have a look:

https://shelf.definedgesecurities.com/master-momentum-investing-trading-strategies/chapter-10-backtesting/

@Mrinal Kanti Mondal

I am also saying the same thing. Please check this image:

The dropdown shows the segments subscribed by you. If the Currency segment is not subscribed you will not be able to plot USD chart.

@Mrinal Kanti Mondal
Check your subscription for NSE-Currency Segment.

@Prasiddh Shroff

You have not responded my first suggestion.
Please refer the last line of clarification no. 2 of the NSE Circular, https://archives.nseindia.com/content/circulars/INSP57111.pdf which clearly says that the pop up message is not applicable to those clients who are registered only for Equity segment

Please check.

@Prasiddh-Shroff
Please comment/respond.

I observe that Definedge team regularly adds new features in the platform. I have two suggestions for enhancing the user convenience.

1. If the user is typing a stock name in the text box or adding a Stock Group in a Multi-Chart layout window, can you give him the check box in "Selected" state. I think most of the users require the same stock in all the charts.
   

2. In the multi-chart layout window, after deleting the name of the stock by clicking the small cross image, user can't start typing a new name unless he clicks the textbox. Don't you think that he is deleting the name only for typing a new name? Setting the focus on the text box is not a big deal for you. Isn't it?
   

Once again kudos to Definedge team for providing the Best user friendly platform.
@[email protected]

@Alpha Trader
I have also brought this issue to their knowledge more than a fortnight ago through email.
I have been advised that they are working on it.

@NISHIT GALA
Instead of asking others, ask yourself how much loss you can tolerate on a single position.

@Arena Kashyap
@Prashant-Shah
I have also highlighted a few discrepancies to the team via email. In my view, the tools provided are already sufficient; rather than adding more features, it would be more beneficial to ensure the existing ones function accurately.

Lately, switching between different tabs on the Definedge platform has become noticeably slow. Pages often don’t refresh automatically, and pressing F5 manually has almost become a routine. This issue wasn’t present until last month.

@Saju Raj
Thanks for highlighting this. I had similar concerns about the backward maintenance of the list. I had even checked with support earlier and was advised to go ahead and use it for backtesting—so this clarification is important.

I also asked how MIP–Momentify outputs would flow into Momentify Investments, especially whether they refresh on every rebalancing date. I was told they remain static, which seems logically incorrect and makes it inconsistent.

Another observation: the Radar scanner allows filtering by recent quarterly results, but this preference isn’t saved when the scanner query is saved. Because of that, it’s unclear whether, on a rebalancing date in Momentify Investing, Radar actually considers only those companies that have declared their recent quarterly results.

Additionally, the system currently doesn’t allow the Nifty 750 list (Nifty 500 + Nifty Microcap 250) in the Momentum Investing Scanner, even though the same list is allowed in Momentum Trading Backtesting.

@Prashant-Shah
These points are not criticisms of the Definedge team—your team is working hard and continuously improving the platform. I’m just sharing these inconsistencies so they can be addressed going forward.

This backtest was done in the month of Aug but now the same parameters are not giving such results. I am giving result of one more backtest. You can try/modify.

While the back tests suggest the possibility of substantial gains—running into crores of rupees—there is no guarantee that markets will behave in exactly the same way in the future. Performance may improve, or it may deteriorate. More crucial than the projected gains is our psychological preparedness: Are we truly ready to remain invested for the duration assumed in these back tests? How will we react when faced with such huge potential profits? At present, many of us may be comfortable investing ₹20,000–25,000 in a single stock. But when the situation demands an allocation of ₹4–5 lakhs in one company, the psychological challenge could be significant.

Therefore, our focus should be on adapting these strategies to minimize drawdowns, as initial losses can easily undermine confidence.

@Nishshkumar Jaani,CFTe

I refer to your video on VGM-Trading & Investing. You suggested to use Parag Parikh Mutual Fund-Value Investing and Motilal Oswal Mutual Fund-Growth Investing for creating Stock Universe for the VGM-Trading & Investing.

It is not clear which funds (of Parag Parikh and Motilal Oswal) you are talking about. Can you clarify?

@G Heble
Try to post images of all the screens used in the back testing for better understanding. A small variation in a parameter can give different results.

Dear Team,

Recently, "Master Momentum Investing and Trading Strategies" is made available in the Shelf. Thanks a lot to Mr Prashant Shah.

I observe that in many places, relevant images are not appearing in many pages. Please refer to the image of one of such pages.

Requesting Definedge team to look in to it.

@Futura Quant
Your Momentify portfolio shares were bought on 1st Oct. Those shares were selected on the basis of scanning on the previous day's closing prices. Whereas, list displayed in the simulator are selected at the time of running it.

It can't be compared.

@Vishal Ambhore
You are trying to view shares from "Option liquid futu..." group. The Ticked box is not meant for this. Apart from the group, you can view individual stocks also by putting name in the text box left to the Ticked box in your image.
Just open the same drop down (which you opened for entering "Option liquid futu..." group name and mark tick against "Show in All Charts" as shown in the attached image.

@AP

Dear Abhijit Sir,
I refer your following video:
Can NIFTYBEES beat NIFTY ? | #Marketरुबरु | Abhijit Phatak | Raju Ranjan | Episode 44
https://www.youtube.com/watch?v=lUJVQb7VIvg&t=1708s

Recently I started viewing Definedge Videos. Really wonderful work is done by the team. This is an excellent knowledge sharing. My question is why you have 0.25% brick size and why not 0.50%?

Can you share BackTesting results of the strategy?

When I open Zone Web i.e. https://zone.definedgesecurities.com/, it shows a message box and asks me to acknowledge and confirm that I am fully aware of F&O instruments and challenges posed by them. In case of Zone Web it gets displayed once in a day but in case of Zone Mobile App, it gets displayed every time I logged in (after it gets timed out), and I have to acknowledge this message.
In this context, I have two suggestions:

1. This message should not be displayed to those clients who have not subscribed to NSE FNO and BSE FNO segments. (I have not subscribed)
2. Like Zone web, Zone Mobile should also follow Zone web’s logic of displaying the message once in a day.

@Arun Kokate said in Backtesting not consistent:

NSE 500 index and NSE 500 50 25 25 index

Both the indices are not identical. I am quoting following from following link of NSE:
https://www.niftyindices.com/indices/equity/broad-based-indices/nifty500-multicap-50-25-25-index

The Nifty500 Multicap 50:25:25 index aims to measure the performance of portfolio of large, mid and small market capitalisation companies with target weights assigned to each size segment. The Nifty500 Multicap 50:25:25 index includes all companies that are part of Nifty 500 index. While in Nifty 500 index, the total weight of each size segment (Large, Mid and Small cap) is based on the total free float market capitalisation of all stocks falling within that size segment, in Nifty500 Multicap 50:25:25 index, the total weight of each of these three segments (Large, Mid and Small cap) is fixed at 50%, 25% and 25% respectively at every quarterly rebalance date. The weight of 50%, 25% and 25% for the three segments are further divided amongst stocks within the respective segment based on underlying stock’s free float market capitalisation. Weight of each size segment may be different from its respective capped level between two rebalance dates due to price drift of underlying stocks.

When you are using Nifty 500, it might possible that only large cap stocks are ranked as per the logic but in case of another index, stocks are picked up in the ratio of 50:25:25 as mentioned above.

So far the differences between backtesting results referred in the book and done by you, @Definedge team can explain it.

@Definedge
What does it mean by "Manually execute the exit trades from there".
Isn't it one click? Do we require to sell shares one by one?

@Sandeep Kabariya
You can run the same scan on the entire universe which is used by your strategy.
But I am not sure in which order the result is appeared or how to get the result as per strategy's ranking logic.

I can suggest one method. Create a group of holding as per the latest rebalancing. Run your momentum strategy scan on this group. Shares which do not appear in the list can be sold.
My suggestion, when you are following a system, have confidence and act according to the strategy. When you start interfering, you will be influenced by your bias and the very purpose of whole exercise will defeat.
Train your mind to follow it and remain invested at least for 3 to 4 years

We are currently replicating the strategies described in Mr Prashant Shah’s book, comparing the outcomes with those presented in the book, and engaging in discussions on the forum.

In my assessment, any difference in results may stem from minor variations in one or more parameters. This observation is not intended to challenge anyone’s understanding. The book was written a few months ago, and since then the system may have undergone multiple refinements, which could also explain the deviations.

That, however, is not the key issue. These strategies should be viewed as guiding frameworks that demonstrate how parameter adjustments can help in achieving optimized outcomes.

While the back tests suggest the possibility of substantial gains—running into crores of rupees—there is no guarantee that markets will behave in exactly the same way in the future. Performance may improve, or it may deteriorate. More crucial than the projected gains is our psychological preparedness: Are we truly ready to remain invested for the duration assumed in these back tests? How will we react when faced with such huge potential profits? At present, many of us may be comfortable investing ₹20,000–25,000 in a single stock. But when the situation demands an allocation of ₹4–5 lakhs in one company, the psychological challenge could be significant.

Therefore, our focus should be on adapting these strategies to minimize drawdowns, as initial losses can easily undermine confidence. By working in this direction and openly sharing our experiences, we can create valuable learning opportunities for all participants.

Yes. It can be done before approving the basket. I am not from Definedge team. My statements are based on my discussions with the support team and various videos of Definedge. @Definedge can correct me if I am wrong

You are mixing two different things. Momentify platform suggests that which shares should be sold and which one should be bought. Once we confirm it (after getting email notifications) Momentify sends these details to trading platform. Sales proceeds of SL triggered shares would be lying in the trading account and you can take appropriate call for withdrawal of the funds. Momentify will continue to suggest for buying new shares on the next rebalancing date irrespective of the fact that your trading account has sufficient balance or not. I mean if you give confirmation to the re balancing and trading account doesn't have sufficient balance, some of the trades would be rejected.

I had also asked this question to support desk. All the scanning for rebalancing i.e. exit existing holding and buying new shares is done at EOD I e. after market hours and a mail is sent to us. Same way, checking of SL criteria is also at EOD and mail is sent. Such exit is carried out on the next working day only.

I have created a Momentify Strategy where one of the filter conditions is from RADAR MIP-Momentify.
I observe that some company shares are in the basket but not in the MIP-Momentify list.
When it is using a filter condition, how such shares with negative results can appear in the basket?
I have attached the list for your perusal.

As suggested in the help about "Price Below" option, if we opt for "Reinvestment" subsequently, due to accumulation of the realized profit, this 20,000 would be redundant because I would be able to buy shares of one company with much large amount.

My suggestion, instead of asking us to put this limit, system should check the position at run time and accordingly exclude those shares from the basket.

I refer to following video on Unique ETF & Option Straddle Strategies You Must Know! Finding Edge by Mr Prashant Shah and Mr Deepak Patwardhan:

https://www.youtube.com/watch?v=nxVjXWLbQt8

Mr Deepak has nicely explained his strategy on ETF trading and Mr Prashant has thoroughly explained features of various functions.

My question is can this strategy be used for medium to long term investment in shares? If yes, what should be the values of relevant parameters used in it.

I refer to the Definedge Video on Active investing in Passive funds (ETFs) - Just monitor once a day | #Marketरुबरु | AP | Raju R |
https://www.youtube.com/watch?v=ds8mQo17oJo
I have recently opened account with Definedge. Can you give me any hint as how to create a scanner which can tell me about the qualifying ETFs.

@Vishal Ambhore
Thanks a lot

I am also facing the same problem. When I try to scroll the chart by moving two fingers from left to right (as we do in TradingView), the entire page shifts and earlier version of the page appears (as we press back button to see the history page )

I refer to the video: Unique ETF & Option Straddle Strategies You Must Know! Finding Edge https://youtu.be/nxVjXWLbQt8?feature=shared
During explaining his strategy, Mr Deepak has discussed about D-Score Scanner.
But I observe that it is missing at the location pointed out in the video

The number of menu options are same. Has it been renamed?
Please guide.

It might be possible as the platform has been launched recently. Every software is subject to fine tuning and such process is more frequent in earlier days. This could be one of the reasons for such differences.

I am not protecting Definedge. An official statement from the Definedge preferably by Mr Prashant Shah will certainly help in this regard.

I have watched recently published podcast of Mr Prashant Shah with Mr Vijay Thakkar on Momentum Investing.

I was aware of the concept and I had already tried to carry out backtesting of the Momentum investing concept in GoogleSheet on Nifty 200 shares. I had pulled daily data of Nifty 200 shares for 8.5+ years with the help of GoogleFinance functions. Although it was done with very limited resources but I could get clear idea of its benefits. But deployment of this concept in live scenario was impossible for obvious reasons.

Mr Shah has thoroughly explained how it can be backtested and implemented in the virtual and thereafter in the real environment. Immediately, I opened account with Definedge.
After doing multiple rounds of backtesting on different Nifty group shares I got some very good results. One of the results is attached. CAGR of 60+ is unbelievable. Max DD is 10.86%. I tested the strategy for various periods and got good results.

As I am new to this platform and still exploring the features, I want to know that which built-in functions can be used in reducing the drawdowns in real life scenario.