Backtesting Absolute Momentum Strategy using Google Sheets (English)

Want to analyze your existing mutual fund portfolio for free? or build a diversified portfolio? Get expert guidance tailored to your goals. Book your slot at https://calendly.com/manideepak-factorlab/20min 🚀 Backtesting Absolute Momentum Strategy in Google Sheets | 10 Years of NIFTYBEES Data 📈 ---------------------------------------------------------------------------------------------------------------------------------------------------------- Programs: QuantX-Builder for Mastering Momentum Investing. 4 week comprehensive learning programme. https://www.momentumlab.in/courses/Mastering-DIY-Momentum-Investing-From-Basics-to-Advanced-Portfolio-Automation-with-Python-Self-paced-66d46c4cab19d914191b86ef QuantX-Strategyzer - The Complete Guide to Quant Investing & Backtesting. https://www.momentumlab.in/courses/Strategyzer-The-Complete-Guide-to-Quant-Investing-and-Backtesting-66e987f26dba602254862779 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Free Tools: Get access to RRG Plot Python Code, Momentum Screener and Market breadth and more https://bit.ly/MomentumLAB Backtesting Strategies: https://docs.google.com/spreadsheets/d/1nklAgPjhQZZananGkLF0kegfHTKxnER1T1_iDh-vE6k/edit?gid=1964060376#gid=1964060376 Welcome to my channel! In this video, I will guide you through the process of backtesting an absolute momentum strategy using Google Sheets. We'll be focusing on the NIFTYBEES ETF, utilizing a straightforward yet powerful rule: Go Long when NIFTYBEES is above the 200-day EMA. Hold when NIFTYBEES is at or below the 200-day EMA. I have analyzed 10 years of historical data to test the effectiveness of this strategy, and the results are truly amazing! Whether you're a beginner looking to learn the basics of backtesting or an experienced trader seeking new strategies, this video is for you. What You'll Learn: Setting Up Your Google Sheet: Step-by-step instructions to set up the data and formulas. Calculating the 200-Day EMA: How to use Google Sheets functions to compute the exponential moving average. Applying the Trading Rules: Implementing the buy and hold conditions based on the EMA. Analyzing the Results: Interpreting the performance of the strategy over the past decade. Why This Strategy? Momentum strategies can help you capitalize on trending markets, and by using the 200-day EMA, we aim to filter out noise and focus on significant movements. Backtesting with real historical data helps validate the strategy before applying it in live markets. 🔔 Subscribe for More Trading Strategies Join me in exploring the potential of this absolute momentum strategy and see how you can implement it in your trading toolkit. Don’t forget to like, comment, and share your thoughts or questions! Happy Trading! #Backtesting #MomentumStrategy #GoogleSheets #NIFTYBEES #TradingStrategy #StockMarket #Investing #TechnicalAnalysis #Finance