Follow a strategy
Subscribe to Index Swing — Follow Through Day. It monitors the Nasdaq-100 and S&P 500 around the clock.
Systematic market strategies
A trading strategy, with every decision explained.
O-Hyphen monitors the Nasdaq-100 and S&P 500 around the clock. Its rules determine when to enter a position, hold it, trim it, exit, or stay in cash. Every state change comes with an explanation in plain English.
You place trades in your own brokerage account. We never hold your money.
Educational content only. Hypothetical backtested results. Not financial advice.
FOLLOW THE FOLLOW-THROUGH DAY •
The Record
The strategy's backtest record.
This backtest applies our flagship strategy to historical minute data from 4 Jan 2021 – 1 Oct 2026, starting with a hypothetical $100,000. The results include losing periods and substantial drawdowns.
50.40%
CAGR
+940.23%
Total Return
50.85%
Tranche Win Rate
59
Closed Tranches
4 Jan 2021 – 1 Oct 2026 · IEX signals · 0.25% slippage per fill · commissions excluded. Hypothetical results, not live trading. Tranches include partial exits and allocation adjustments. View the full results and assumptions.
How It Works
Get the signal. Choose whether to trade.
O-Hyphen monitors the markets and applies the strategy's rules. You decide whether to follow each signal.
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Get the signal
Each email explains what the strategy is buying or selling and why. Timing depends on the rule: during the session, near the close, or after the completed-close evaluation.
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Trade in your own account
You decide whether to take the trade and place the order in your own brokerage account. O-Hyphen cannot trade for you or hold your money.
SAMPLE SIGNAL
Follow-through day confirmed — opening a position
The Nasdaq-100 just printed a Follow Through Day after a multi-week correction. We’re opening a position in TQQQ at the close, with a protective stop from day one.
Target holding: TQQQ at 50% of the capital assigned to this strategy. The latest completed monthly volatility assessment calls for reduced exposure in this illustrative example. The reasoning and audit-account fill are in the app.
Illustrative example of a signal email. Not a current recommendation.
The Strategy
Wait for a setup. Follow the rules.
After a correction, the strategy looks for a recovery attempt supported by price and volume. A Follow Through Day is one possible entry signal. Recovery attempts can fail.
When the entry rules qualify, the strategy buys TQQQ for leveraged exposure to the Nasdaq-100. A protective stop applies from day one. The rules then govern monthly allocation reviews, trims into weakness, and a trailing exit. If no position remains and entry conditions do not qualify, it waits in cash.
Monthly volatility sizing can reduce exposure while a position remains valid. The dashboard and action emails show the target allocation and assessment month. Lower exposure can soften losses and also miss part of a recovery.
- Rule-based entries and exits, without discretion
- Can move to cash when exit rules trigger
- Every signal explained in plain English
- Tracked in a public audit account
See what the strategy is doing
The strategy may hold an existing position or wait in cash between trades. The app shows its current state and the reason for it.
WatchWaitEnterAddHoldTrimExitRe-enterCash
This is an overview. Exact rule parameters are proprietary. Subscribers see every signal and the reasoning behind it.
Performance
Backtest results, year by year.
Index Swing — Follow Through Day · 4 Jan 2021 – 1 Oct 2026. A hypothetical $100,000 account using QQQ signals and TQQQ execution, with 0.25% slippage on every fill.
$1,040,227
End equity+940.23%
Total return50.40%
CAGR−25.16%
Max drawdown50.85%
Tranche win rate59
Closed tranchesHypothetical results, not live trading. Win rate counts profitable closed tranches, including partial exits and allocation adjustments, so these are not 59 separate completed positions.
Year-by-year return
Bar lengths show the size of each return; red denotes a loss. 2026 YTD runs through 1 Oct 2026 and is a partial year.
Backtest method and limitations
Updated 2 Oct 2026. This is the adopted October 2026 IEX benchmark, including monthly volatility sizing, late-session selloff protection and pre-close extension profit taking. Signals use historical IEX minute data for QQQ; execution uses historical SIP minute prices for TQQQ, with IEX daily fallback and equity marks. The additional TQQQ selloff observation uses IEX data. Allocation uses a completed monthly assessment of QQQ total-return volatility. Intraday decisions fill at the next executable minute open; completed-close decisions fill at the next session open.
The simulation starts with $100,000 and includes 25 basis points (0.25%) of adverse slippage on each fill. Commissions are excluded. Fixed slippage does not capture changing spreads, market impact or execution capacity. Sparse IEX minutes and daily fallback also limit precision.
Drawdown measures the decline from a peak in daily closing equity to a later trough; intraday losses can be worse. These histories were used to select the rules, so this is not an independent out-of-sample test. The longer SIP study is a separate feed experiment and is not included here.
Download the benchmark figures and annual returns · Read the risk disclosure
A positive year can still include a deep drawdown
The model returned +7.57% in 2022. Across the full test, its largest daily-equity drawdown was 25.16%. Monthly sizing, cash and exit rules did not eliminate losses. Recovery attempts can fail, and a profitable full-period result can still involve difficult stretches. Hypothetical backtested performance.
Transparency
See the strategy's live record
Each O-Hyphen strategy takes every trade it signals in a dedicated brokerage account with real money. This is the audit account. Its full record, including every fill and drawdown, is public in the app.
- Real-money audit account per strategy
- Every fill logged and public
- Full track record in the app
- You still trade your own account
Features
Signals and trade reviews, in one app.
Connect Alpaca or TradeZero with read-only access to sync your fills into your journal and analytics. O-Hyphen can read your trades but cannot place them.
Signals with an explanation
Get an email with each state change and its reasoning. Signal timing depends on the rule.
Live audit accounts
Each strategy trades a dedicated brokerage account. Its full track record is public in the app.
Current strategy state
See whether the strategy is watching, waiting, holding a position, or out of the market, including during weeks without a new signal.
Trade journal
Log your trades or import your history by CSV. Review your record against the strategy's rules.
Performance analytics
Track win rate, drawdown, expectancy, and other measures using your actual fills.
AI insights
Each night, AI grades your trades against the strategy's rules and shows where you followed or departed from the plan.
Pricing
Choose a plan
Every plan starts with a 14-day free trial. There are no setup fees, and you can cancel anytime.
Signals
$49/mo
The signal service, nothing you don't need.
- Email signals for every strategy
- Signals feed in the app
- Market health dashboard
Start 14-day free trial
14-day free trial · cancel anytime
Pro
$99/mo
Signals plus the full journaling and analytics toolkit.
- Everything in Signals
- Trade journal with CSV import
- Performance analytics
- Nightly AI insights
- Read-only broker sync (Alpaca, TradeZero)
Start 14-day free trial
14-day free trial · cancel anytime
FAQ
Frequently asked questions
No. O-Hyphen sends the strategy's signals and explains the reasoning. You decide which trades to take in your own brokerage account. Optional Alpaca and TradeZero connections are read-only and support journaling and analytics. We cannot place trades, move money, or withdraw funds.
You need an email address and a US brokerage account that supports TQQQ, a liquid, exchange-listed ETF. O-Hyphen requires no special software or minimum account size, and you can keep your money with your broker.
TQQQ is an exchange-traded fund that seeks to deliver three times the daily return of the Nasdaq-100. It magnifies losses as well as gains. Leveraged ETFs can lose value quickly, especially in volatile or sideways markets, and are not suitable for every investor. Read the Risk Disclosure before trading. Risk Disclosure.
Timing depends on the rule: signals can arrive during the trading session, near the close, or after the completed-close evaluation. Email and the app feed show the signal and its timestamp. A signal is not a guarantee that you can trade at the price used in the backtest.
The strategy may be holding a position or waiting in cash until its rules call for another trade. The app shows whether it is watching, waiting, holding, or out of the market, and the daily close note explains why. You'll receive a signal when a rule triggers.
It is the intended total holding as a share of the capital you assign to the strategy. Monthly volatility sizing can reduce that target and leave more in cash. A top-up means adding only enough to reach the stated target. Existing position trims remain in place. The dashboard shows the target and the completed month used for its assessment.
They are hypothetical results from our canonical minute replay: 4 Jan 2021 – 1 Oct 2026, starting with $100,000. The adopted October 2026 version includes monthly volatility sizing, late-session selloff protection and pre-close extension profit taking. The test uses IEX signals, TQQQ execution and 0.25% slippage per fill; commissions are excluded. Win rate counts closed tranches, including partial exits and allocation adjustments. Sizing and early exits can reduce participation in recoveries. These histories were considered during rule selection, so this is not a live or independent out-of-sample record. See the Risk Disclosure for the full assumptions. Risk Disclosure.
Yes. Every plan starts with a 14-day free trial. You can cancel from your account settings at any time, without a cancellation fee.
No. Our signals, audit records, and analytics are educational content about a rules-based strategy. They are not tailored to your goals or circumstances. You decide whether to trade and take responsibility for each decision. Read the Risk Disclosure for the details. Risk Disclosure.
