Long Term Momentum Strategy

This is my attempt to present a simple momentum Strategy for Capital markets.

The backtest is done on NIFTY50 Stocks, but the logic works on all capital markets. These are the exact rules of the strategy.

• Long Only. In times of downtrending markets, the strategy will remain flat.
• LOGIC: Long entry at the open on the first trading day of the month if previous month's closing is above the past 12M closing price. Reverse Logic for exits. Look-back period can be adjusted depending on the speed of trading.

Although this is a very robust strategy on itself, there are a lot of improvements that can be done to this barebones strategy.

enjoy :-)