Engine8 (Long and Short)

Market: E-mini Nasdaq-100 (NQ) · Versions: Engine8 Long and Engine8 Short · Trades: at most one per day, per version

What it does

Engine8 marks the high and the low of a set window each morning. When the window closes, it places an order just outside that range: above the high for Engine8 Long, and below the low for Engine8 Short. If price breaks out, the trade runs with a stop and two profit targets. If price never breaks out by midday, the order is cancelled and Engine8 sits out the day.

Why it’s in the portfolio

One trade a day keeps it simple and easy to follow.
The long and short versions run side by side, so the portfolio can catch a strong move in either direction.

What to expect

Many days end with no trade.
A losing trade costs a fixed amount, set by the stop.
On choppy days, one version may be stopped out.

Engine8 used to be called OneShot2.

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