MIP-35 (Renko Basic Template)

MIP-35 is a momentum investing strategy that incorporates all key components of the Momentum Investing Engine, further enhanced with the Tadka strategy. It uses the Renko chart D-Smart indicator as an additional layer to improve overall performance.

The following components of the Momentum Investing Engine are used in this strategy:

> Breakout

> Retracement for Pullback

> Trend Filter

> Ranking

> Relative Strength

> Market Trend Filter

> Tadka Strategy –> Core Strategy

The same strategy template can also be used for Momentum Trading. Tadka Strategy of Momentum Investing Plan becomes the Core Strategy of Momentum Trading Plan.

Strategy details:

> Strategy Name: MI: Renko tadka (MIP-35)

> Market Trend Filter: Nifty 500 index Renko 1% D Smart 80

> Performance period: 252

> Retracement: 50% from 52-week high

> Trend filter: 200-EMA

> Relative Momentum: Above Renko 40-D Smart 3% brick-value

> Tadka Strategy: Above Renko 40-D Smart 3% brick-value

> Allocation: Reinvestment

> Ranking criteria: Volar

> Entry Condition: User-defined (For example: Renko patterns or Renko chart above D-Smart etc.)

> Exit Condition: User-defined (For example: Bearish Renko pattern or Renko below D-Smart etc)

Remember, the above strategy is only a Momentum Trading template. You can define your own entry and exit conditions and backtest them to validate.

This strategy is meant to give you an idea of the possibilities — you should modify it according to your own approach.

You can customize the universe, allocation, and portfolio size based on your preferences.

Feel free to tweak the strategy parameters and backtest them using your selected universe and time period in RZone.