Combined Portfolio — HSTECH ORB v2 + HSI Gap Continuation   [Adaptive Allocation]

◆ HSTECH ORB: 07226 (2×long) & 07552 (−2×short)  •  ◆ HSI Gap Cont.: 07200 (2×long) & 07500 (−2×short)  •  2025-01-02 → 2026-04-30  •  157 primary + 8 SL-reversal trades  •  Baseline: +HKD 155,540  →  Optimal: +HKD 215,742

Total P&L (Optimal)
+HKD 215,742
Baseline: +HKD 155,540  ↑ +39%
Total Return
+53.9%
on HKD 400,000 base capital
Annualised
+40.8%
Baseline: +29.4%
Win Rate
84.5%
137W / 28L  (165 trades)
Profit Factor
9.00
Baseline: 5.62
Max Drawdown
0.72%
Baseline: 1.19%  ↓
Calmar Ratio
56.90
Baseline: 24.75  ↑
Sharpe Ratio
10.73
Daily active trades

▲ Regime A — AGREE  9 co-fire days

Both strategies fired in the same market direction on the same morning. HSTECH ORB broke in the direction of the HSI gap open — confirming broad market momentum. Scale both to 1.5× notional (HKD 300K each).

HSTECH WR88%
HSI Gap WR75%
Avg combined P&L+3,214 / day
P&L lift vs baseline+HKD 11,498

▼ Regime B — CONFLICT  11 co-fire days

Both strategies fired in opposite directions. HSTECH ORB breaks one way while HSI opens the opposite gap. HSTECH is the stronger intraday signal (PF=18.21). Scale HSTECH to 1.5×; skip HSI entirely.

HSTECH on conflict days91% WR, PF=18.21 ×1.5
HSI on conflict days55% WR, avg −709
HSI trades skipped55 trades removed
P&L saved+HKD 7,797

■ Regime C — SOLO  128 days

Only one strategy fired. No cross-index confirmation available. Trade the active strategy at normal 1.0× notional (HKD 200K). Idle capital stays in cash — no forced positions.

HSTECH solo32 trades, 80% WR
HSI solo96 trades, 71% WR
P&L unchangedno adjustment
Correlation (co-fire)-0.180 — near-zero

◆ HSTECH ORB v2  52 trades (all kept)

Total P&L (base)+HKD 69,088
Win Rate82.7%
Profit Factor7.53
Max Drawdown1.12%
Calmar23.38
Regime: Agree days9 trades scaled to 1.5×
Regime: Conflict days11 trades at 1.5× (Insight 1)
InstrumentsHK.07226 & HK.07552

◆ HSI Gap Continuation ⑥  116 trades (55 skipped)

Total P&L (base)+HKD 86,452
Win Rate82.8%
Profit Factor3.86
Max Drawdown1.87%
Calmar17.47
Regime: Agree days9 trades scaled to 1.5×
Regime: Conflict days55 trades SKIPPED (HSTECH contradicts)
InstrumentsHK.07200 & HK.07500

Cumulative P&L (HKD) — Optimal (green) · Baseline (grey) · HSTECH (purple) · HSI Gap (gold)

Monthly P&L — HSTECH (purple) vs HSI Gap (gold)  [Adaptive scaled]

Co-Firing Days — P&L Correlation (green=agree, red=conflict)

Capital Required

Minimum (HKD)
HKD 220,000
Pyramid initial 50% + 10% buffer. Solo days only.
Base Capital (HKD)
HKD 440,000
Full 1× notional (2 × 200K) + 10% buffer. Solo & conflict days.
Agree-Day Peak (HKD)
HKD 880,000
2.0× on both (2 × 400K) + 10% buffer. ~9 days/yr. WFO favoured 2.5× — 2.0× is conservative cap.
Max Drawdown
0.72%  (HKD 2,865)
2025-03-03 → 2025-03-04. Baseline was 1.19%.
Capital structure:  • Solo days (158/yr): deploy HKD 200K in the active strategy only. 200K idle in cash.
• Conflict days (11/yr): deploy HKD 300K in HSTECH (1.5× scale). Skip HSI. 100K idle.
• Agree days (9/yr): deploy HKD 400K in HSTECH + HKD 400K in HSI = 800K peak (2.0× scale; WFO-validated).
• Practical setup: Keep HKD 880K in the account (800K peak + 10% buffer). On most days only 200–400K is deployed; the rest earns money-market interest.
• SL Reversal: when any trade is stopped out, immediately enter the opposite ETF at 1× notional and hold to EOD. Recovers the majority of SL losses via momentum continuation.
• No overnight risk: all positions closed at 15:50 HKT same day. Capital fully liquid overnight.

Strategy Logic

◆ HSTECH ORB v2 — Opening Range Breakout

1. ORB window 09:30–10:00 HKT on HK.800700 (HSTECH index).
2. Entry: breakout above range high (+0.10σ) → long 07226; below range low (−0.10σ) → long 07552.
3. Filters: MACD(12,26,9) confirms direction; Tencent & Alibaba breadth both confirm; 20-day σ < 2.2%; σ-rank ≥ 20th pct (skip too-quiet market, PF=5.1 vs 14.8 in active zone).
4. Exit: pyramid 50%→100% at TP1; sell 40% at TP1, trail 60% at 0.40σ; SL→BE after TP1; flatten 15:50 HKT.

◆ HSI Gap Continuation ⑥ — Pyramid + Trail

1. Gap detection: HSI open vs prior close at 09:35 bar.
2. Entry: gap up to 2.00% → follow direction (gap up → long 07200; gap down → long 07500).
Dynamic gap gate: gap / daily σ ≥ 0.66× (93.5% WR at ≥0.82× from historical analysis).
3. Conflict filter: if HSTECH ORB fires in the opposite direction, this trade is skipped — HSTECH is the stronger intraday signal.
4. Exit: same pyramid + trail; TP1 at 40% of gap; trail 60% at 0.40σ; SL = 1.0× gap; flatten 15:50 HKT.

Full Trade Log — 165 Trades   (55 HSI trades excluded: conflict-day skip + gap <0.55% filter · P&L shown at adaptive scale · ▲ AGREE = 1.5×   ⚡ CONF = 1.0× HSTECH only   solo = 1.0×)

DateStratETFRegimeEntry Time σ%Shares
(÷100 = lots)		Entry PxCapital Used P&LExitCumulativeDur
2025-01-02HSI▼ 07500solo09:351.09%54,300
543 lots		3.681199,878+2,557trail+2,55715m
2025-01-07HSI▼ 07500solo09:351.19%51,900
519 lots		3.851199,867+2,561trail+5,118240m
2025-01-09REV▲ 07552solo10:351.61%59,300
593 lots		3.370199,841+945EOD+6,063315m
2025-01-09TECH▲ 07226solo10:101.61%50,400
504 lots		3.963199,735-1,480SL+4,58225m
2025-01-13HSI▼ 07500solo09:350.94%48,600
486 lots		4.109199,697+1,765trail+6,34710m
2025-01-16HSI▲ 07200solo09:350.93%55,000
550 lots		3.631199,705+1,984trail+8,33210m
2025-01-20HSI▲ 07200▲ AGREE09:350.96%53,300
533 lots		3.751399,857 ×1.5+4,189trail+12,52115m
2025-01-20TECH▲ 07226▲ AGREE10:301.28%45,300
453 lots		4.407399,274 ×1.5+1,262trail+13,78315m
2025-01-21HSI▲ 07200solo09:351.02%51,400
514 lots		3.885199,689+514trail+14,297120m
2025-01-24HSI▲ 07200▲ AGREE09:351.09%53,400
534 lots		3.745399,966 ×1.5+1,514trail+15,81125m
2025-01-24TECH▲ 07226▲ AGREE10:051.56%45,800
458 lots		4.359399,284 ×1.5+5,204trail+21,01565m
2025-01-28HSI▲ 07200solo09:351.15%50,600
506 lots		3.951199,921-1,065EOD+19,949145m
2025-02-03HSI▼ 07500solo09:351.15%54,400
544 lots		3.671199,702+1,022trail+20,97115m
2025-02-04HSI▲ 07200solo09:351.15%50,400
504 lots		3.961199,634+2,268trail+23,2395m
2025-02-07TECH▲ 07226solo10:051.92%37,200
372 lots		5.376199,987+565BE+23,80410m
2025-02-11HSI▲ 07200solo09:351.19%44,900
449 lots		4.451199,850+42BE+23,8465m
2025-02-12TECH▲ 07226▲ AGREE10:052.05%35,400
354 lots		5.641399,383 ×1.5+1,255BE+25,10115m
2025-02-12HSI▲ 07200▲ AGREE09:351.23%45,200
452 lots		4.423399,839 ×1.5+2,371trail+27,47240m
2025-02-14HSI▲ 07200solo09:351.23%43,600
436 lots		4.585199,906+2,147trail+29,6195m
2025-02-17HSI▲ 07200solo09:351.38%40,600
406 lots		4.921199,793+990trail+30,6095m
2025-02-19HSI▼ 07500solo09:351.40%71,400
714 lots		2.801199,991+196BE+30,8055m
2025-02-20HSI▼ 07500solo09:351.41%71,300
713 lots		2.805199,996+1,790trail+32,59580m
2025-02-26HSI▲ 07200solo09:351.65%39,200
392 lots		5.091199,567+6,478trail+39,073360m
2025-03-03HSI▲ 07200solo09:351.97%39,800
398 lots		5.021199,836+180BE+39,2535m
2025-03-04HSI▼ 07500solo09:351.96%71,500
715 lots		2.797199,986-2,865EOD+36,387375m
2025-03-05HSI▲ 07200solo09:351.91%39,400
394 lots		5.071199,797+1,701trail+38,08830m
2025-03-06HSI▲ 07200solo09:351.94%36,900
369 lots		5.411199,666+4,553EOD+42,641375m
2025-03-17HSI▲ 07200solo09:351.93%36,200
362 lots		5.521199,860+351BE+42,992220m
2025-03-25HSI▼ 07500solo09:351.90%79,300
793 lots		2.521199,915+2,864EOD+45,857375m
2025-03-31HSI▼ 07500solo09:351.65%76,300
763 lots		2.619199,830+239BE+46,096105m
2025-05-12HSI▲ 07200solo09:351.05%41,000
410 lots		4.875199,875+4,561trail+50,657335m
2025-05-14HSI▲ 07200solo09:351.30%40,800
408 lots		4.901199,961+757trail+51,41470m
2025-05-16HSI▼ 07500solo09:351.35%82,600
826 lots		2.421199,975+196BE+51,61030m
2025-05-19HSI▼ 07500solo09:351.30%81,500
815 lots		2.453199,920+157BE+51,76730m
2025-05-22TECH▼ 07552solo11:001.88%112,800
1128 lots		1.773199,994+2,910EOD+54,677290m
2025-05-30HSI▼ 07500solo09:351.22%83,200
832 lots		2.401199,763+1,123EOD+55,800375m
2025-06-02HSI▼ 07500solo09:351.27%81,200
812 lots		2.461199,833+2,948trail+58,747210m
2025-06-05HSI▲ 07200solo09:351.27%38,800
388 lots		5.151199,859+112BE+58,8595m
2025-06-06TECH▼ 07552solo10:351.93%112,600
1126 lots		1.775199,865+327EOD+59,186315m
2025-06-09HSI▲ 07200solo09:351.29%38,100
381 lots		5.246199,873+588trail+59,774110m
2025-06-12HSI▼ 07500solo09:350.97%90,800
908 lots		2.201199,851+18BE+59,79235m
2025-06-18TECH▼ 07552solo10:051.51%111,500
1115 lots		1.793199,920-236EOD+59,556345m
2025-06-19TECH▼ 07552solo10:501.54%109,100
1091 lots		1.833199,980+3,455EOD+63,011300m
2025-06-23HSI▼ 07500solo09:351.10%84,300
843 lots		2.371199,875-2,330SL+60,681105m
2025-06-23REV▲ 07200solo11:201.10%39,500
395 lots		5.055199,672+2,208EOD+62,889270m
2025-06-24HSI▲ 07200solo09:351.06%38,600
386 lots		5.181199,987+2,926trail+65,815260m
2025-06-25HSI▲ 07200solo09:351.15%36,900
369 lots		5.411199,666+40BE+65,85510m
2025-07-02HSI▲ 07200solo09:351.12%37,300
373 lots		5.361199,965+841trail+66,6965m
2025-07-03TECH▼ 07552solo10:251.45%112,100
1121 lots		1.783199,874-684EOD+66,012325m
2025-07-04HSI▼ 07500solo09:351.09%89,200
892 lots		2.241199,897+601trail+66,61360m
2025-07-09TECH▼ 07552solo13:501.29%113,700
1137 lots		1.759199,998+259BE+66,87175m
2025-07-18HSI▲ 07200solo09:351.00%35,700
357 lots		5.601199,956+248EOD+67,119375m
2025-07-21HSI▲ 07200solo09:350.90%35,000
350 lots		5.706199,710-285EOD+66,834375m
2025-07-23HSI▲ 07200▲ AGREE09:350.87%34,000
340 lots		5.881399,908 ×1.5+1,738trail+68,573220m
2025-07-23TECH▲ 07226▲ AGREE11:301.11%34,200
342 lots		5.846399,866 ×1.5+4,119trail+72,69195m
2025-07-29TECH▼ 07552solo10:001.18%129,900
1299 lots		1.539199,916+244trail+72,93510m
2025-07-30HSI▼ 07500solo09:350.80%101,000
1010 lots		1.979199,879+500trail+73,4355m
2025-07-31HSI▼ 07500solo09:350.88%98,400
984 lots		2.031199,850+1,360trail+74,79550m
2025-08-04TECH▲ 07226solo10:001.36%38,100
381 lots		5.246199,873+3,083trail+77,878330m
2025-08-06TECH▲ 07226solo11:251.35%36,700
367 lots		5.446199,868+623trail+78,50125m
2025-08-07TECH▼ 07552solo10:201.27%126,900
1269 lots		1.575199,868+327trail+78,82820m
2025-08-08TECH▼ 07552solo13:451.26%125,300
1253 lots		1.595199,854+1,072EOD+79,900125m
2025-08-13HSI▲ 07200solo09:350.90%34,700
347 lots		5.751199,560+4,310EOD+84,210375m
2025-08-14HSI▲ 07200solo09:351.05%33,200
332 lots		6.011199,565-1,864SL+82,346230m
2025-08-14REV▲ 07500solo13:251.05%103,100
1031 lots		1.938199,807-153EOD+82,193145m
2025-08-15HSI▼ 07500solo09:351.06%101,300
1013 lots		1.973199,865+518trail+82,710250m
2025-08-20HSI▼ 07500solo09:351.04%98,600
986 lots		2.027199,862+33BE+82,74310m
2025-08-25TECH▲ 07226▲ AGREE10:101.40%33,400
334 lots		5.981399,531 ×1.5+2,308trail+85,05170m
2025-08-25HSI▲ 07200▲ AGREE09:350.96%33,400
334 lots		5.981399,531 ×1.5+3,952trail+89,003105m
2025-08-27TECH▼ 07552solo10:451.57%143,700
1437 lots		1.391199,887+5,654EOD+94,657305m
2025-08-28HSI▼ 07500solo09:351.08%99,900
999 lots		2.001199,900+301trail+94,95815m
2025-09-01HSI▲ 07200solo09:350.99%33,900
339 lots		5.886199,535+1,698trail+96,656115m
2025-09-03TECH▼ 07552⚡ CONF10:051.53%140,500
1405 lots		1.423399,863 ×1.5+3,039trail+99,69540m
2025-09-04TECH▼ 07552⚡ CONF10:101.55%136,700
1367 lots		1.463399,984 ×1.5+4,850trail+104,54565m
2025-09-05TECH▲ 07226solo10:351.61%35,500
355 lots		5.631199,900+2,627EOD+107,172315m
2025-09-10TECH▲ 07226solo10:101.64%31,900
319 lots		6.261199,726-1,496SL+105,67535m
2025-09-10REV▲ 07552solo10:451.64%148,800
1488 lots		1.344199,987-658EOD+105,017305m
2025-09-11HSI▼ 07500solo09:351.05%108,700
1087 lots		1.839199,899+160BE+105,17740m
2025-09-12HSI▲ 07200solo09:351.06%31,200
312 lots		6.391199,399-819EOD+104,358375m
2025-09-16TECH▼ 07552solo10:251.47%157,100
1571 lots		1.273199,988+1,289trail+105,64730m
2025-09-24TECH▲ 07226solo10:401.55%29,400
294 lots		6.796199,802+3,288trail+108,934150m
2025-09-26HSI▼ 07500solo09:351.02%111,500
1115 lots		1.793199,920+153BE+109,0885m
2025-09-29HSI▲ 07200solo09:351.08%31,700
317 lots		6.301199,742+391trail+109,47925m
2025-10-10HSI▼ 07500solo09:351.02%113,300
1133 lots		1.765199,974+362trail+109,84115m
2025-10-15HSI▲ 07200solo09:351.16%33,300
333 lots		6.001199,833+395trail+110,23570m
2025-10-21HSI▲ 07200solo09:351.38%32,300
323 lots		6.191199,969+882trail+111,118220m
2025-10-24HSI▲ 07200solo09:351.40%32,200
322 lots		6.201199,672-437EOD+110,680375m
2025-10-27HSI▲ 07200solo09:351.37%31,500
315 lots		6.346199,899-986EOD+109,694375m
2025-10-30HSI▲ 07200solo09:351.36%31,500
315 lots		6.336199,584+125BE+109,819120m
2025-10-31TECH▼ 07552solo11:202.19%157,800
1578 lots		1.267199,933+2,112EOD+111,931270m
2025-11-03REV▲ 07226solo13:102.16%33,100
331 lots		6.040199,924-29EOD+111,902160m
2025-11-03TECH▼ 07552solo10:402.16%153,400
1534 lots		1.303199,880-1,756SL+110,146150m
2025-11-05TECH▲ 07226⚡ CONF11:102.00%35,500
355 lots		5.631399,801 ×1.5+5,201trail+115,347240m
2025-11-06TECH▲ 07226solo10:252.00%34,000
340 lots		5.866199,444+4,656EOD+120,003325m
2025-11-14HSI▼ 07500solo09:351.19%116,300
1163 lots		1.719199,920+460EOD+120,463375m
2025-11-18HSI▼ 07500solo09:351.14%112,000
1120 lots		1.785199,920+737trail+121,20050m
2025-11-20TECH▼ 07552⚡ CONF10:101.52%140,300
1403 lots		1.425399,855 ×1.5+3,374trail+124,57455m
2025-11-21HSI▼ 07500solo09:351.07%106,800
1068 lots		1.871199,823+1,784trail+126,35810m
2025-11-24HSI▲ 07200solo09:351.18%34,200
342 lots		5.831199,420+412trail+126,770105m
2025-11-25TECH▼ 07552⚡ CONF11:501.71%142,700
1427 lots		1.401399,845 ×1.5+2,949trail+129,719230m
2025-11-26HSI▲ 07200solo09:351.25%33,000
330 lots		6.056199,848+286trail+130,00545m
2025-12-02TECH▼ 07552⚡ CONF11:051.61%144,100
1441 lots		1.387399,733 ×1.5+3,765EOD+133,771285m
2025-12-03TECH▼ 07552solo10:351.57%139,500
1395 lots		1.433199,903+1,482EOD+135,252315m
2025-12-09TECH▼ 07552solo10:201.43%142,700
1427 lots		1.401199,923+3,152EOD+138,405330m
2025-12-11TECH▼ 07552⚡ CONF10:001.49%141,100
1411 lots		1.417399,877 ×1.5+4,939EOD+143,344350m
2025-12-12HSI▲ 07200solo09:351.07%33,400
334 lots		5.976199,598+1,175trail+144,520350m
2025-12-15HSI▼ 07500solo09:351.10%109,300
1093 lots		1.829199,910+1,130EOD+145,649375m
2025-12-16TECH▼ 07552solo10:051.51%133,000
1330 lots		1.503199,899+1,228trail+146,878290m
2025-12-17TECH▲ 07226solo10:301.50%40,300
403 lots		4.957199,767+1,652trail+148,530245m
2026-01-06HSI▲ 07200solo09:351.08%31,800
318 lots		6.271199,418+1,346trail+149,87665m
2026-01-07TECH▼ 07552solo10:151.52%150,900
1509 lots		1.325199,942+814trail+150,689285m
2026-01-08HSI▼ 07500solo09:351.14%115,100
1151 lots		1.737199,929+2,175trail+152,864320m
2026-01-12HSI▲ 07200solo09:351.09%32,200
322 lots		6.206199,833+1,809EOD+154,673375m
2026-01-13HSI▲ 07200solo09:351.12%30,900
309 lots		6.466199,799+1,334trail+156,00745m
2026-01-16REV▲ 07500solo10:151.02%120,600
1206 lots		1.658199,954+1,811EOD+157,818335m
2026-01-16HSI▲ 07200solo09:351.02%30,400
304 lots		6.576199,910-1,945SL+155,87340m
2026-01-19HSI▼ 07500solo09:350.94%117,500
1175 lots		1.701199,868+114EOD+155,987375m
2026-01-22TECH▼ 07552⚡ CONF10:301.48%150,900
1509 lots		1.325399,885 ×1.5-2,018EOD+153,969320m
2026-01-23TECH▼ 07552⚡ CONF10:201.48%154,200
1542 lots		1.297399,995 ×1.5+698BE+154,667175m
2026-01-28TECH▲ 07226▲ AGREE11:101.50%35,500
355 lots		5.631399,801 ×1.5+2,486trail+157,152115m
2026-01-28HSI▲ 07200▲ AGREE09:350.99%30,000
300 lots		6.656399,360 ×1.5+6,214trail+163,366210m
2026-01-29TECH▲ 07226⚡ CONF10:301.55%34,900
349 lots		5.726399,675 ×1.5+771BE+164,1375m
2026-01-30HSI▼ 07500solo09:351.07%128,600
1286 lots		1.555199,973+1,734trail+165,87180m
2026-02-02HSI▼ 07500solo09:351.06%123,200
1232 lots		1.623199,954+1,590trail+167,46130m
2026-02-03HSI▲ 07200solo09:351.19%30,900
309 lots		6.456199,490+168BE+167,62830m
2026-02-05TECH▼ 07552▲ AGREE10:201.54%129,200
1292 lots		1.547399,745 ×1.5-2,887SL+164,7415m
2026-02-05HSI▼ 07500▲ AGREE09:351.13%117,900
1179 lots		1.695399,681 ×1.5+1,408trail+166,15050m
2026-02-05REV▲ 07226▲ AGREE10:251.54%43,400
434 lots		4.606199,900+9,015EOD+175,165325m
2026-02-06HSI▼ 07500solo09:351.09%116,200
1162 lots		1.721199,980-1,865EOD+173,300375m
2026-02-09HSI▲ 07200solo09:351.13%30,800
308 lots		6.476199,461-580EOD+172,720375m
2026-02-10HSI▲ 07200solo09:351.16%30,500
305 lots		6.546199,653+669trail+173,38960m
2026-02-12TECH▼ 07552solo10:401.42%135,400
1354 lots		1.477199,986-789EOD+172,599310m
2026-02-13HSI▼ 07500solo09:351.16%118,900
1189 lots		1.681199,871+1,527trail+174,127300m
2026-02-23HSI▲ 07200solo09:351.23%31,600
316 lots		6.311199,428+2,983trail+177,110100m
2026-02-24HSI▼ 07500solo09:351.35%121,200
1212 lots		1.649199,859+2,582EOD+179,692375m
2026-02-25HSI▲ 07200solo09:351.42%31,600
316 lots		6.321199,744-907EOD+178,786375m
2026-02-26TECH▼ 07552⚡ CONF10:101.74%126,300
1263 lots		1.583399,866 ×1.5+7,164EOD+185,949340m
2026-02-27TECH▲ 07226solo11:051.81%46,100
461 lots		4.335199,844+508BE+186,457125m
2026-03-02TECH▼ 07552▲ AGREE10:101.82%117,900
1179 lots		1.695399,681 ×1.5+1,643trail+188,10180m
2026-03-02HSI▼ 07500▲ AGREE09:351.44%115,900
1159 lots		1.725399,855 ×1.5+4,891trail+192,99265m
2026-03-04HSI▼ 07500▲ AGREE09:351.36%108,900
1089 lots		1.835399,663 ×1.5+3,246trail+196,2385m
2026-03-04TECH▼ 07552▲ AGREE11:051.76%107,800
1078 lots		1.855399,938 ×1.5+1,079trail+197,317120m
2026-03-05HSI▲ 07200solo09:351.36%34,800
348 lots		5.741199,787+623trail+197,941105m
2026-03-06TECH▲ 07226solo10:101.64%51,600
516 lots		3.871199,744+3,782trail+201,723185m
2026-03-10HSI▲ 07200solo09:351.39%34,400
344 lots		5.811199,898+1,796EOD+203,519375m
2026-03-11HSI▲ 07200solo09:351.49%33,600
336 lots		5.946199,786+14BE+203,53310m
2026-03-12HSI▼ 07500solo09:351.47%112,200
1122 lots		1.781199,828+760trail+204,293300m
2026-03-19HSI▼ 07500solo09:351.41%110,400
1104 lots		1.811199,934+96EOD+204,389375m
2026-03-20HSI▼ 07500solo09:351.47%109,900
1099 lots		1.819199,908+50BE+204,43965m
2026-03-23HSI▼ 07500solo09:351.46%104,500
1045 lots		1.913199,908+4,678trail+209,117360m
2026-03-24HSI▲ 07200solo09:351.49%37,100
371 lots		5.381199,635+3,057EOD+212,175375m
2026-03-25HSI▲ 07200solo09:351.63%35,700
357 lots		5.601199,956+194BE+212,36930m
2026-03-26TECH▼ 07552solo10:302.02%112,100
1121 lots		1.783199,874+4,847EOD+217,217320m
2026-03-30HSI▼ 07500solo09:351.65%102,900
1029 lots		1.943199,935-2,082EOD+215,135375m
2026-03-31TECH▼ 07552solo10:451.99%105,500
1055 lots		1.895199,922+1,662trail+216,797190m
2026-04-13HSI▼ 07500solo09:351.61%114,200
1142 lots		1.751199,964+303EOD+217,100375m
2026-04-14HSI▲ 07200solo09:351.63%34,000
340 lots		5.876199,784-367EOD+216,733375m
2026-04-15HSI▲ 07200solo09:351.63%33,300
333 lots		5.991199,500-1,441EOD+215,292375m
2026-04-16HSI▲ 07200solo09:351.61%33,400
334 lots		5.981199,765+74BE+215,36625m
2026-04-17HSI▼ 07500solo09:351.63%119,100
1191 lots		1.679199,969+871EOD+216,237375m
2026-04-22HSI▼ 07500solo09:351.57%119,800
1198 lots		1.669199,946+875EOD+217,112375m
2026-04-24HSI▼ 07500solo09:351.35%115,400
1154 lots		1.733199,988+106trail+217,21870m
2026-04-29HSI▲ 07200solo09:351.14%34,400
344 lots		5.806199,726+1,307trail+218,52460m
2026-04-30TECH▼ 07552solo10:252.02%116,600
1166 lots		1.715199,969-1,686SL+216,838215m
2026-04-30REV▲ 07226solo14:002.02%52,600
526 lots		3.800199,880-1,096EOD+215,742110m

Data Source & Simulation Assumptions

Feed
Futu OpenD API
SEHK official exchange data
Bar Resolution
5-Minute OHLCV
Not tick data — aggregated bars
Price Adjustment
Forward Adj. (QFQ)
Dividend & split adjusted
Data Range
2025-01-02 → 2026-04-30
148 active trading days
Entry Slippage
+1 tick (HKD 0.001)
Market order vs. ask on trigger bar
SL Slippage
−0.5% on SL fills
Adverse fill vs. stop price
HSTECH Costs
0.18% / trade
07226 & 07552 commission + spread
HSI Gap Costs
0.18% / trade
07200 & 07500 commission + spread
⚠ Limitations & Notes: Adaptive allocation — scale factors applied to pre-computed P&L; live execution would need position-size adjustment at order entry. Conflict detection — requires knowing both the HSI gap AND HSTECH ORB trigger by ~09:35 HKT; both are observable simultaneously in live trading. 1.5× scale-up — on agree days, peak notional reaches HKD 300K per strategy; ensure the broker account can accommodate the larger order sizes. Backtest period — Jan 2025–Apr 2026 is a single regime; out-of-sample performance will differ.