Historical study

S04 · QQQM + SMH · v1 continuous backtest

This is the original v1 continuous simulation for S04 on QQQM + SMH. It remains accessible as research history; the later repaired v3 run is a separate result.

Archived v1 continuous runAdded 2026-09-23Test period: 2023-09-19 to 2026-09-18

Measured outcome

Performance at a glance

Figures use the source study's definitions. “Not available” means the source does not support that metric.

Total return31.6%Change in simulated portfolio value over the test.

Annualized return9.6%Yearly compounded return; shown only when supported.

Worst drawdown8.6%Largest fall from an earlier portfolio high.

Sharpe ratio0.94Return relative to variability, under the source study's definition.

Trades56Completed simulated trades, when reported.

How this was tested

Assumptions and limits

Independent $1,000 cash account with five basis points per side plus a one-cent sell fee. Signals use completed daily data and fills use the next eligible open with settled-cash constraints.

Development, validation, holdout, and continuous are separate archived views of reused historical periods.
The v1 execution engine differs from the later repaired v3 engine; their figures should not be treated as identical runs.
The source market-data and execution archive is owner-held and is not redistributed.
Historical simulation does not authorize paper or live trading.