Nasdaq-100 (Oct 2023) above the 200-day, checked hourly

The rules

Hold each stock while its latest hourly close is above its 200-day simple moving average of daily closes, checked at every hourly close: buy at the next minute's open when it is above and sell when it falls below. 1% of the account per stock; money not in a stock stays in cash.

Universe

The 93 Nasdaq-100 members on October 27, 2023, the last session before the test, that still traded under their tickers on October 30, 2026: AAPL, ABNB, ADBE, ADI, ADP, ADSK, AEP, ALGN, AMAT, AMD, AMGN, AMZN, ASML, AVGO, BIIB, BKNG, BKR, CDNS, CEG, CHTR, CMCSA, COST, CPRT, CRWD, CSCO, CSGP, CSX, CTAS, CTSH, DDOG, DLTR, DXCM, EBAY, ENPH, EXC, FANG, FAST, FTNT, GEHC, GFS, GILD, GOOGL, HON, IDXX, ILMN, INTC, INTU, ISRG, JD, KDP, KHC, KLAC, LCID, LRCX, LULU, MAR, MCHP, MDLZ, MELI, META, MNST, MRNA, MRVL, MSFT, MU, NFLX, NVDA, NXPI, ODFL, ON, ORLY, PANW, PAYX, PCAR, PDD, PEP, PYPL, QCOM, REGN, ROST, SBUX, SNPS, TEAM, TMUS, TSLA, TTD, TXN, VRSK, VRTX, WDAY, XEL, ZM, ZS

Bars

hourly

Position size

1% of equity per stock at entry, never rebalanced

Rebalance

Checks every hourly close

Results

Hypothetical: a backtest with modeled costs, not traded with real money.

Hypothetical growth of $10,000

Rebuild it in Orbital

Paste this into Orbital Chat. The Strategy Developer builds the workflow and asks before it runs any backtest.

Trade AAPL, ABNB, ADBE, ADI, ADP, ADSK, AEP, ALGN, AMAT, AMD, AMGN, AMZN, ASML, AVGO, BIIB, BKNG, BKR, CDNS, CEG, CHTR, CMCSA, COST, CPRT, CRWD, CSCO, CSGP, CSX, CTAS, CTSH, DDOG, DLTR, DXCM, EBAY, ENPH, EXC, FANG, FAST, FTNT, GEHC, GFS, GILD, GOOGL, HON, IDXX, ILMN, INTC, INTU, ISRG, JD, KDP, KHC, KLAC, LCID, LRCX, LULU, MAR, MCHP, MDLZ, MELI, META, MNST, MRNA, MRVL, MSFT, MU, NFLX, NVDA, NXPI, ODFL, ON, ORLY, PANW, PAYX, PCAR, PDD, PEP, PYPL, QCOM, REGN, ROST, SBUX, SNPS, TEAM, TMUS, TSLA, TTD, TXN, VRSK, VRTX, WDAY, XEL, ZM and ZS, checking each hourly close against the 200-day simple moving average of daily closes: buy when the hourly close is above it and sell when it falls below, with 1% of equity per position. Backtest from October 30, 2023 to October 30, 2026 with $1,000,000.

Is it real?

Strategies tested together

15

Beta to SPY

0.66

Alpha vs SPY

−1.8% a year

Costs paid

$30,139, 6% of the gain before costs

Data

1h decisions on 1-minute bars, 754 sessions

Fills

Next open at market, sized at the fill

Read this before you trust it

This basket uses no hindsight: the Nasdaq-100 as it stood the day before the test began, from its published membership. Alphabet is held once, as GOOGL, and seven members are out because they stopped trading here before the test ended: SGEN, SIRI, ANSS, WBA, AZN, EA and WBD. Its runs start with $1,000,000 so that a 1% share buys whole shares of the dearest members; at $100,000 a stock above $1,000 could never be bought. Picked on November 8, 2026 by a rule written before any run: published evidence, yearly costs at most a quarter of the published gross return, buildable in Orbital, and the source's own parameters. Every rule is published whatever it shows. The selection expected it to trail SPY, since on single large stocks the rule has usually lost to holding.