New: live on Robinhood · works on accounts from $250 →
Quant research · one small account

One hundred and eighty-seven strategies died in testing (and counting).
This one lived.

$1 = up to $2 of the Nasdaq-100 while its trend is up, T-bills when it breaks.

The Distillate holds more of the NASDAQ when markets are calm and less when they are violent, steps fully aside in confirmed downtrends, and runs with real money — in public.

New here? What it does, in plain English →

THE DISTILLATEMarkets move. Rules respond.
THE DISTILLATE / EXPLORE THE ENGINEMARKET SNAPSHOT

Markets move.
The engine adjusts.

Drag the dial. See why bigger swings mean less exposure.

—annualized
market volatility
Smaller swingsLarger swings
ILLUSTRATIVE RESPONSE
Explore how exposure changes

Concept only, not actual sizing. The trend exit can also take exposure to zero.

ACTUAL ENGINE STANCEUnavailableSnapshot loading

Volatility measures market movement, not investment return. The animated line is illustrative.

We do not search for strategies that work. We search for reasons they do not. One hundred and eighty-seven searches, and counting, found one.

17.3%/yrULTRA over the full cycle 1999–2026, dot-com crash included. Whole shares, commissions, a one-day lag.
−27%the worst drawdown in that history. Read this number before the one beside it.
Aug 25live with real money since 2026, published every session, deposits never counted as return. See the account →
  1. Exposure follows measured volatility. Calm tape, more NASDAQ. Violent tape, less. Up to a cap, never margin. It reacts; it does not forecast.
  2. The exit takes the rest off. A monthly trend check steps fully aside in a confirmed downtrend and steps back in the same way.
  3. Everything else died. One hundred and eighty-seven ideas were run against the same history and buried with their autopsies. The calibration is the product and is not printed.
$5k$10k$50k$100kdot-com20082022200420082012201620202024ULTRA $256,185S&P 500 $41,214
$5,000 in January 2000 · ULTRA against S&P 500 buy & hold · log scale, so equal steps are equal percentages · whole shares, $1 commissions, executed the day after the signal · the levered fund is modelled before 2006 from its published rule and runs slightly behind the real one
Every table, every era split, the methodology and the limits → the research page
Run it from your phone

The operator fits in your pocket.

The engine runs on your own computer. The operator is the one screen you open to check on it, from the couch or from the other side of the world, and it tells you the verdict before anything else.

How to set it up and put it on your phone →

  • A verdict first. Armed or disarmed, which engine, which expansions, the account, the last run and the next one. Everything below it folds away.
  • Arm and disarm behind a lock. Real orders need two taps and a confirmation that says exactly what will happen. Disarming is always one tap.
  • Reconciled against the broker. What is held against what the engine intends, symbol by symbol, marked on plan or not.
  • From anywhere, without opening a port. The Algo-wizard walks you through Tailscale, free, so the page is reachable only from your own devices. Add it to your home screen and it opens like an app.
  • Chill mode. One tap hides everything but the account and the mode, over a backdrop of your choosing. Weeks of silence should look like weeks of silence.

Included with every licence. The screen above is the author’s own operator, taken tonight.

The Distillate operator on a phone: armed, ULTRA with the BTC + AU expansion, the account, the switchboard and the freshness check
Your time, back

Built around your life.

A daily investing routine. Room for everything else.

Different time zones

Your morning starts later than the market.

From Hawaiʻi to the West Coast, your day doesn’t have to begin at the opening bell. A scheduled server setup can run while you’re away.

Full working days

Your working hours are already spoken for.

Meetings, shifts, classes, family. The Distillate follows its daily rules without asking you to watch charts throughout the day.

A little more headspace

You want a process you can leave alone.

Defined rules, a scheduled routine, and a record you can inspect. For people who prefer consistency to making another market call.

Less screen time.
Still your account.

You remain responsible for keeping the setup connected, responding to broker authentication requests, and checking alerts. Investments can lose value.

Running it on your own computer? It must be awake and connected for scheduled runs. A server handles that separately.

See what the setup needs
01 · What this needs

Before you read further.

Nothing here asks for your attention during the day. The machine runs after the close and the record publishes itself. What it does ask for is below.

Illustrated computer and server connected to an account ledger, with a phone for checking in.
Computer or serverRuns the software. Awake for scheduled runs.
Your IBKR Pro accountYour funds stay in your brokerage account.
Your phoneCheck in and approve login. It does not run the engine.

Before you read further — what this needs

An Interactive Brokers Pro account — it places the orders, and nobody else can. It has to be Pro rather than Lite, because Lite is not supported on IBKR's API; on Pro, ask for the Tiered commission plan, which costs about a third of Fixed on orders this small. A computer that stays awake on weekday afternoons, or a rented server — the download includes a step-by-step for that, written for people who have never had one. A phone cannot run it; it can watch it. And at least $2,000: the engine runs on less, but below that the $1 commission on every trade and the one-time price take most of what it has historically added.

You do not need a market data subscription. The strategy asks your broker for your account value, your positions, and nothing else — prices come from elsewhere — so the usual API data fees do not apply here.

If you do not have an IBKR account this is not usable yet, and it is better to know that now than after four thousand words. The Distillate is independent software. It is not affiliated with, endorsed by or sponsored by Interactive Brokers; you open and hold your own account, and the software connects to it on your computer.

signal read & orders
5:30 PM ET · 2:30 PM PT
weekdays, one run: it reads the close and queues market orders, which fill at the next open
live record published
5:50 PM ET · 2:50 PM PT
every session, on the live page
this site’s own account
10:45 AM ET · 7:45 AM PT
reads the same close, then runs at 7:45 AM Pacific, seventy-five minutes into the session, and fills at market then; the published tables model next-close fills, which is neither of these exactly

Still not sure whether your setup fits? Send a note to support@10ktrials.com with what you have and we will tell you straight, before you spend anything.

That is the whole mechanism. The evidence for it — the tables, the methodology, the one hundred and eighty-seven dead strategies — is on the research page and in the graveyard. If you are already convinced, you do not have to read them.
02 · Choose your configuration

One decision. Three engines.

The evidence is on the research page; this is the decision it supports. Pick an engine — the name is your configuration, and the record page always shows which one is live.

Pick your engine.

The engine is the strategy itself — how much market exposure the volatility rule holds, and in what. Full cycle means every year since these funds existed, crashes included; since 2009 is the bull era on its own; worst is the deepest fall from a high before the account got back to it.

swipe for all columns →

enginewhat it holdsfull cycle 1999–2026since 2009
STEADYS&P + NASDAQ + gold, each with the monthly trend exit11.7%/yr · worst −18%13.8%/yr
SELECTNASDAQ only, monthly trend exit14.7%/yr · worst −21%18.5%/yr
ULTRANASDAQ only, hotter calibration, same exit17.3%/yr · worst −27%22.2%/yr
STEADY engine cardSELECT engine cardULTRA engine cardULTRA with bitcoin and gold engine cardThe four configurations, as cards →

STEADY had no losing decade, including the dot-com crash. All three engines share one exit rule and differ only in what they hold and how hard they run it. STEADY’s gold sleeve is a gold fund held without leverage; in a taxable account the IRS taxes gold funds as collectibles, 28% long-term instead of 20%, so its after-tax edge is a little smaller than the pre-tax one. Gold before August 2000 is modelled from monthly prices, because that is where daily history begins.

The engine scales with you.

$2,000+
The Distillate
shipping today · whole shares, all three engines, idle cash in bills
$25,000+
Futures engine
scoped, not sold · the same rule through micro futures, faithful from $40,000
Any size
Expansions
validated return streams beside the engine · on sale only when their gate closes

Small accounts are not a compromise: the same code at every size, measured. The ladder, the futures research and the small-account sweep →

Deposits rebalance for free. The engine re-reads your actual positions before every decision, so new cash simply lowers your measured exposure and the next run buys toward target — a rebalance with no sale, no commission on the way out, and no tax event. Adding money is not just fuel; it is the cheapest rebalancing the strategy ever does.

03 · The graveyard

Trust the survivor because of the graveyard.

Every popular strategy we tested — on millions of simulated trades, with honest fills and real costs — and closed with documented evidence. The audit is the product's pedigree.

STRAT combosLiquidity sweepsOpening rangeICT / SMC Fair value gapsRVOL filtersTrailing stopsGap fades all 187 graves, with causes of death →

The gate works in both directions. Three candidates sit on parole right now — including dealer gamma exposure (GEX), which we tested eight ways and refuted as a trade every time, before finding the one narrow thing it does well. That survivor is still being tested and still changes nothing. Nothing enters the engine the easy way, including the ideas we like.

04 · Get it

One price. No subscription. Ever.

A strategy that doesn't change shouldn't bill monthly — at $29/month, a $10,000 account pays $348 a year — more than its full-cycle STEADY edge over simply holding the index, and roughly two-thirds of ULTRA’s. We refuse to sell that. The live record began Aug 25, 2026, so the launch price reflects that: founding licenses are $149 for the first 25 licences, then $199, with the server set up for you; $99, then $149, on your own computer. Buy early, pay less, keep lifetime updates.

The engine, one price, three dials included. STEADY, SELECT and ULTRA are one rule at three appetites, so they are one licence. Expansions come with the licence. Each is another return stream, validated on its own, and arrives as a switch, off until you turn it on, the day it clears its gate on the expansions page. No add-on purchases: improvements and expansions alike reach every licence.

Same strategy. Two ways to run it. Most people should take the server: it runs while your laptop is closed, nothing is missed, and the Algo-wizard sets it up in about ten minutes. The licence alone is for people who want it on their own machine. Both start in dry-run; you deliberately arm real orders. The refund window closes when you accept the software invitation.

Both include the full licence: STEADY, SELECT and ULTRA, the TradingView companion, and lifetime software updates. Expansions come with it too, as switches, as each clears its gate.

Recommended
Headless setup (always on)

On a rented server · the licence + $100 for the server setup

−25%
$199$149one-time · licence + server setup

Founding price for the first 25 licences · then $199

  • The Algo-wizard rents a DigitalOcean server, installs everything on it and puts the console on your phone, in about ten minutes from your own computer
  • Your laptop can close; the server runs it
  • You approve the weekly login on your phone

The wizard does the setup; email support if anything stalls before your first armed trade. Hosting is about $12/month extra, paid to DigitalOcean: approximately $293 total in year one for licence, setup and hosting.

Get it running — $149

See what the server setup involves →

Full setup and licence details
  • The full licence is included — all three modes, the indicator, lifetime updates; expansions optional, included as switches as each clears its gate
  • The Algo-wizard gets it working — and email support covers anything that stalls before your first armed trade. One server, one IBKR account
  • Runs on an always-on server — your laptop stops being part of it
  • Logs itself back in after IBKR’s weekly restart; you tap approve on your phone
  • Survives reboots and crashes without you — tested by killing it outright
  • The Algo-wizard (one command) rents the server, copies the software, installs the broker’s gateway and joins your phone to it; about ten minutes, and you never type on the server
  • Server rental is about $12/month, paid to DigitalOcean, not to us; it shows you the exact price and asks before creating anything
  • Prefer another host? The guide’s long way covers Hostinger, Lightsail and Vultr, by hand
  • You keep the keys; you type the passwords — we never see them
Your laptop must be awake at 5:30 PM ET on weekdays
On your computer

The licence alone · you run it on your own machine

−34%
$149$99one-time · licence

Founding price for the first 25 licences · then $149

  • The same Algo-wizard installs it on your own computer instead, checks the broker link and shows the first plan, in about fifteen minutes once IB Gateway is installed
  • Keep it awake at 5:30 PM ET on weekdays
  • Log back into IBKR each week yourself

Your machine handles the scheduled run. No server rental is required.

Licence only — $99

See what setup looks like, step by step →

Full licence details
  • All three modes — STEADY, SELECT and ULTRA; expansions optional, included as switches as each clears its gate
  • Runs on your machine, your IBKR account
  • Your computer must be awake at 5:30 PM ET on weekdays — that is when it runs
  • IBKR signs everyone out weekly (Sunday) — you log back in yourself
  • Guided setup — it installs and verifies itself
  • Dry-run by default; you arm it
  • Bonus if you already use TradingView: the companion indicator, invite-only; the software never needs it (what it shows)
  • Lifetime updates, locked at this price
BTC + GOLD (Au)
Coming soon · the first expansion · optional · two return streams, one file
Included with every licence
No extra cost · a switch, off until you turn it on · arrives when its gate closes, earliest November 2
A bitcoin sleeve and a gold sleeve beside the engine, each on its own monthly trend rule, cash when out. Since 2018 the pair returned 23.0%/yr at a −25% worst fall against the engine’s 21.8% at −27%, Sharpe 1.13 against 0.92. Provisional, 19 September 2026. The study behind these two numbers prices its bitcoin and gold sleeves with distributions included and its engine leg without them, so the pair and the engine are not measured the same way and the gap between them is overstated by an amount we have not yet measured. The figures stay up, labelled, until that is re-run. Switches on your console for 5, 10 or 20% bitcoin and 10, 15 or 20% gold. Buy it once; it is yours for good.
Run it as bitcoin alone, gold alone, or together. The switches are yours.
  • Earning its record now — on paper, in public, and in the founder’s own account since September 4
  • Sold only after its operational gate closes; the checklist is on the expansions page
  • Off until you switch it on; 60/20/20 recommended, 70/10/20 for less bitcoin
  • Same licence, same terms: one person, one copy, forever
  • The founding list hears first, at this price
See the evidence and the gate →
Nothing is charged. You hear first the day it clears its gate; it comes with your licence.
Live now · included with every licence
On Robinhood (no gateway, no weekly login)

The same rule, running in your Robinhood agent account

  • Robinhood now lets outside agents trade a dedicated account. The Distillate connects as one: no broker gateway and no weekly login. Setup is a double-click: you sign in to Robinhood once and it asks the rest in plain questions. It runs once a day on your computer or a small server
  • $0 commissions and fractional shares: from about $250, it ran within a fraction of a percent a year of the $25,000 record over 27 years of history
  • Included with every licence. Live in the founder’s Robinhood agent account since September 30
Interactive Brokers Robinhood
AvailableNowNow · live in the founder’s account since Sept 30
SetupA rented server (about $12/month) or your own computer, plus IBKR’s gatewayDouble-click setup, no gateway: a one-time sign-in. Runs on your computer or a small server
LoginsApprove IBKR’s weekly login on your phoneNone after the first
Trading feesIBKR’s per-order commission$0
SharesWhole sharesFractional
Smallest accountAt least $2,000From about $250 (tested on 27 years of history)
What it runsThe engine, plus the bitcoin and gold switchesThe Nasdaq engine; the switches come later
Your moneyYour own IBKR accountA separate Robinhood agent account you fund
Get the licence — $99 · Robinhood included

In the package: double-click Robinhood Setup. Not affiliated with Robinhood.

“A server? I have never rented one.”

Advertising disclosure: we earn a commission at no additional cost to you when you shop through the links below.

Most people buying the server option have never had a server, so here is the whole of it before you pay for anything. A server is a computer you rent by the month that lives in a data centre and never sleeps. That is the entire idea — your laptop closes, this does not. You rent it yourself and pay the host directly; we never touch it.

The Algo-wizard rents it for you. One command on your own computer makes a DigitalOcean account’s API token into a running server: 2 GB, Ubuntu, about $12 a month, billed by the hour until you delete it. It shows you the exact plan and price and asks before creating anything, copies itself across, installs Interactive Brokers’ gateway, takes your broker login once (typed hidden, never seen by us), and puts the console on your phone. You never type on the server.

Any host works: Hostinger, Lightsail, Vultr, or anything that rents Ubuntu with 2 GB, by hand, and the guide walks that path too. We automated DigitalOcean first because its API is simple enough to drive from one command, its control panel is the friendliest we have seen for a first server, and it bills by the hour, so a mistake costs cents. That is the whole reason. We are not paid to prefer it, though we earn a commission if you sign up through our link.

After that it is roughly a minute a week — tapping approve on your phone when Interactive Brokers signs everyone out on Sunday. If nobody taps, it waits. It does not trade badly, it just does not trade.

If that still sounds like more than you want to do, that is what the Algo-wizard is for: one command, and it is done.

Excess return over buy & hold at the historical rates, on a $5,000 account: roughly $436 a year on ULTRA, $309 on SELECT, $159 on STEADY — excess, not total return, against a one-time price. If your account is small enough that those months look long, don't buy it: the live record is free to watch forever, and watching costs nothing but patience.

What happens after you pay.

  1. Within minutes — an email from list@algomistlabs.io with your private download link and your licence id. The copy is stamped with that id and nothing else. Check spam the first time; it is a new address. That email is the delivery, at any hour.
  2. Within a day — an invitation to your private software repository, done by hand, so improvements reach you by pulling them (that needs the free GitHub account the checkout asked about; if you gave no username, the email asks for one). If a day passes and it has not arrived, email us; it means we missed it, not that you are not entitled to it.
  3. Already on TradingView? A bonus — your licence includes a companion indicator, the same engine drawn on any chart, granted by hand to the username you give us. If you do not use TradingView, nothing is missing; the software never needs it. What it shows and how to read it.
  4. Then it is yours to start — Start Here walks through the setup and checks its own work. It runs in dry-run, reporting what it would have done and placing no orders, until you arm it deliberately. Nothing trades because you bought it.
Refundable until you download it or accept the invite. The download link and the repository invitation both sit unused until you act on them. Up to that point one email to support@10ktrials.com gets you your money back, no questions and no argument. The first download, or accepting the invitation, is the moment you have the software, and software cannot be un-sent — so that is where the window closes, and we would rather say so plainly than promise a refund we cannot actually take back.

Support is one person, and it answers. Anything at all, before or after buying: support@10ktrials.com, answered within one business day. Setup trouble is the most common mail and the fastest fixed: send what the screen said.

Dry-run is how it starts, not a trial. It ships unarmed and stays that way until you arm it; the refund window closes when you download it or accept the invite, before that. Point it at your own account, leave it unarmed, and it reports what it would have done for as long as you like without placing a single order. That is a longer and more honest look than fourteen days of buyer's remorse, and it costs you nothing to run.

Trading losses are never grounds for a refund. The drawdowns on this page are real and they are the deal.

The questions people actually ask.

Can you see or touch my money?

No. It runs on your computer against your own Interactive Brokers account, using credentials you type and we never see. We have no access to your account, cannot place a trade in it, and cannot withdraw from it. There is nothing to trust us with.

What if I want to stop?

Disarm it. That takes one click or one command and it goes back to reporting without trading. Your positions stay exactly as they are — stopping the software does not liquidate anything. You decide what to do with what you hold.

What does setup actually involve?

About fifteen minutes once on your own computer (twenty if IB Gateway still has to be installed), or about ten minutes once for a rented server (one command rents it and sets it up), then a minute a week. Both are written out step by step, with the screens as they appear: on your own computer and on a small rented server.

What is the TradingView companion?

A bonus for licence holders who already use TradingView: the Distillate's rules written again as an invite-only indicator, so you can watch the engine's line, its rebalances and its scoreboard against buy-and-hold on any chart. It places no orders and the software never needs it. How to get it and read it.

What if I miss the weekly login?

It does not trade until you log back in. Interactive Brokers signs everyone out around Sunday; until the session is back, the strategy reports that it cannot reach the broker and refuses to size an order it cannot verify. A missed run leaves the account exactly where it was, which on a bad day is the wrong place; it does not add risk, and it does not remove any.

What is SELECT?

The NASDAQ sleeve on its own — one index, not a stock pick — with STEADY’s monthly trend exit on top. Over the full cycle it earns more than the same NASDAQ sleeve run with no exit at all (14.7% against 12.6% for the same sleeve with no exit) at well under half the worst drawdown (−21% against −50%). The no-exit version keeps the lead only in a long bull — since 2009 it is 19.4% to SELECT’s 18.5% — because an exit that steps out and back in during a grind is a cost, not a rescue.

What is ULTRA?

SELECT’s rule run at a hotter calibration: more exposure to the same NASDAQ sleeve, the same trend exit with the same 5% band and two-close patience. Full cycle 17.3%/yr with a worst drawdown of −27%; since 2009, 22.2%/yr. It earns its place because of the exit: the same dial without one carries a −58% worst case and a Sharpe below the base rule. This one passed the same audit as the rest — a de-risked control at equal drawdown, random-exit placebos, band and window perturbation — and still spends more of its life under water than SELECT does. More return, slightly less return per unit of risk. If that trade does not appeal, SELECT is the same engine at the standard dial. One more number, because it is the one that will hurt: a 4% overnight gap costs about 8% at this dial and cannot be seen coming — roughly 2% of the account more than SELECT would lose on the same night.

Can it see a crash coming?

No, and we have tried harder than most. Nine forecasting signals were tested against the engine’s own history — VIX, VVIX, dealer gamma, implied-volatility skew, quoted spreads, option volume, breadth, dispersion, and the shape of the curve. The best of them (option volume) flagged real shock days about a quarter of the time, and for every real one it flagged fifteen that never came; de-risking on all sixteen costs more than the one. VIX as a governor on the ULTRA cap was the last try: it left the worst day exactly where it was, because the engine’s worst days came from calm and from stress alike — five of the eight worst had VIX under 20 the night before, three had it over 27. What the engine does do is size for the volatility it can measure and step aside in confirmed downtrends. The gap inside a single night is the risk you keep, and the engine table prices it: hotter dial, bigger night.

Does it work in an IRA?

Yes, and there is a real argument for it: the strategy rebalances roughly a dozen to twenty times a year, and in a taxable account those are taxable events. A tax-sheltered account removes that drag entirely — and the drag is not small. Measured on the backtest with lot-level accounting, and with the bill paid annually so it compounds out of the account, a taxable account costs roughly 2.6 to 4.5 percentage points a year depending on your bracket, and that model leaves out two things that make the bill larger: the wash-sale rule, about a third of a point a year (a twin-fund workaround was tested and recovers almost none of it; grave 120), and tax on the interest the cash earns, about a fifth of a point (a fund that defers that interest into capital gains recovers most of the fifth; it is in the setup guide). That is larger than every other cost and every design choice in the strategy combined, and nothing inside the rule recovers it: lot-selection methods only defer the bill, and we tested making the rebalance rule dodge holding periods — it does nothing. The account you run it in matters more than any setting in it. That is a measurement of what a trading schedule costs, not tax advice. Setup asks whether the account is cash or margin. On a cash account it waits for settled cash rather than risking a violation; on a margin account, including an IRA with IRA margin, sale proceeds spend at once, so a buy that needs the parked cash sells the T-bill fund and buys in the same session. It never borrows on either.

What if it breaks while I am not watching?

Every check that fails stands the strategy down rather than forcing a trade: no account value, no order; a price that fails sanity, no order; the exchange closed, no order. The failure mode is that it does nothing and tells you, which is the direction you want a machine to fail in.

Do I need to pay for market data?

No, and this surprises people who have used broker APIs before. The strategy never asks Interactive Brokers for a price — it asks only for your account value and your positions, and gets prices from a public source instead. The market data fees that normally come with API trading do not apply. Your account does need to be IBKR Pro, not Lite: Lite is not supported on the API.

Why no subscription?

Because the core rules are frozen — testing continues, the rules do not move — and billing you monthly for a rule that does not change would give us a reason to keep tinkering with something that works. A subscription also puts us on the wrong side of the table: it pays us to hold your access hostage rather than to be right. One payment, updates included, and it keeps running whether or not you ever hear from us again.

Who is behind this.

One person, one small account, in public. I carried these strategy ideas around for years without the ability to build and test them properly; when the tools changed, nearly everything I could think but never execute finally got its trial, and the graveyard is what came through. This is the one that lived, and it runs with a few thousand dollars of my own money, published nightly whether it is up or down. If the account size makes you trust it less, that is the correct reaction. The longer version → · questions go to support@10ktrials.com and reach a human · the graveyard, one stone a day, on X and Instagram.

The Distillate · Live Engine