📈 T+1 day-trade Equity Curve
Fixed-capital simulation of the T+1 strategy. Initial capital HK$1,000,000, 1% risk per trade, max 5 concurrent positions. Daily mark-to-market.
2026-09-11 update (Astra/Grok review fix): The backtest page previously showed "T+1 +X%" as the sum of per-trade percentages. That figure is not a portfolio return — it assumes 100% capital in every trade simultaneously. This page is the honest fixed-capital simulation with position sizing, concurrent-cap, and daily mark-to-market.
Initial Capital
HK$1,000,000
Final Equity
HK$1,157,990
Total Return
+15.80%
Max Drawdown
-4.19%
Calmar (ann.)
+34.44
Trades Taken
45 / 121
Skipped (slot full)
76
Win Rate
55.6%
Avg PnL/trade
+HK$3,511
Equity Curve (2026-06-27 → 2026-08-06, 41 days)
📋 Daily equity (last 60 days, 41 total rows)
| Date | Equity (HK$) | Open positions | Drawdown % |
|---|---|---|---|
| 2026-06-27 | HK$981,174 | 2 | 1.88% |
| 2026-06-28 | HK$981,174 | 0 | 1.88% |
| 2026-06-29 | HK$990,388 | 2 | 0.96% |
| 2026-06-30 | HK$980,461 | 3 | 1.95% |
| 2026-07-01 | HK$985,963 | 3 | 1.4% |
| 2026-07-02 | HK$986,288 | 3 | 1.37% |
| 2026-07-03 | HK$980,034 | 2 | 2.0% |
| 2026-07-04 | HK$980,034 | 0 | 2.0% |
| 2026-07-05 | HK$980,034 | 0 | 2.0% |
| 2026-07-06 | HK$990,337 | 2 | 0.97% |
| 2026-07-07 | HK$988,356 | 2 | 1.16% |
| 2026-07-08 | HK$988,356 | 0 | 1.16% |
| 2026-07-09 | HK$990,045 | 2 | 1.0% |
| 2026-07-10 | HK$982,463 | 3 | 1.75% |
| 2026-07-11 | HK$982,463 | 0 | 1.75% |
| 2026-07-12 | HK$982,463 | 0 | 1.75% |
| 2026-07-13 | HK$975,752 | 1 | 2.42% |
| 2026-07-14 | HK$993,316 | 2 | 0.67% |
| 2026-07-15 | HK$973,757 | 2 | 2.62% |
| 2026-07-16 | HK$982,521 | 1 | 1.75% |
| 2026-07-17 | HK$982,521 | 0 | 1.75% |
| 2026-07-18 | HK$982,521 | 0 | 1.75% |
| 2026-07-19 | HK$982,521 | 0 | 1.75% |
| 2026-07-20 | HK$994,902 | 1 | 0.51% |
| 2026-07-21 | HK$1,037,559 | 2 | 0.0% |
| 2026-07-22 | HK$1,067,153 | 1 | 0.0% |
| 2026-07-23 | HK$1,106,373 | 1 | 0.0% |
| 2026-07-24 | HK$1,126,287 | 2 | 0.0% |
| 2026-07-25 | HK$1,126,287 | 0 | 0.0% |
| 2026-07-26 | HK$1,126,287 | 0 | 0.0% |
| 2026-07-27 | HK$1,184,248 | 1 | 0.0% |
| 2026-07-28 | HK$1,208,584 | 2 | 0.0% |
| 2026-07-29 | HK$1,195,050 | 1 | 1.12% |
| 2026-07-30 | HK$1,160,311 | 2 | 3.99% |
| 2026-07-31 | HK$1,157,990 | 2 | 4.19% |
| 2026-08-01 | HK$1,157,990 | 0 | 4.19% |
| 2026-08-02 | HK$1,157,990 | 0 | 4.19% |
| 2026-08-03 | HK$1,157,990 | 0 | 4.19% |
| 2026-08-04 | HK$1,157,990 | 0 | 4.19% |
| 2026-08-05 | HK$1,157,990 | 0 | 4.19% |
| 2026-08-06 | HK$1,157,990 | 0 | 4.19% |
Methodology
- Universe: 121 T+1 signals from 2026-06-27 to 2026-08-06
- Initial capital: HK$1,000,000
- Risk per trade: 1% of equity (position sized to stop distance)
- Max concurrent: 5 positions; if full, signal skipped
- Holding period: 1 trading days; exit at end OR at stop/target (already in return_pct)
- Costs: HK 0.25% round-trip already deducted from return_pct by source backtest
- Mark-to-market: daily equity = cash + sum(open position value at current return_pct)
- Calmar: annualized return / max drawdown
Caveats
- No slippage, no liquidity filter, no shortable filter (long-only assumption)
- "Today's top-200 universe" used historically (selection bias — see methodology)
- 6mo / 121 signals — sample still small; multiple testing concerns
- Best config from 9-config tune: 1% risk × 5 cap (locked 2026-09-11). Other configs range from -0.8% to +1.1%.
Last updated: 2026-09-11 · Source: data/monthly_backtest/backtest_2026-09-10.json · 121 T+1 signals