Track records
Every algo’s record is traded live, minute by minute, against the real order book. No real money, but not a backtest, and it can never be edited.
Live, not backtested.
Section titled “Live, not backtested.”
Real order bookEvery trade is matched against the exchange's live orders at that moment.
No easy fillsIf the book can't fill a trade at sensible prices, the trade is rejected.
Can't be editedIt's recorded as it happens, so nobody can pick the good bits later.
Copy and Counter are tracked separately.
Section titled “Copy and Counter are tracked separately.”Each side has its own record. Counter isn’t Copy upside down: both sides pay fees and meet different prices, so both can lose in the same week.
It trades at real size.
Section titled “It trades at real size.”Each side trades with $1,000 or the total holders have put behind it, whichever is bigger. As more people copy, the record shows whether it still works at that size. Money moving in or out never counts as profit or loss.
How the numbers are measured.
Section titled “How the numbers are measured.”Returns, drawdown and Sharpe follow the same rules in the algo’s record, its backtests and the launch gate.
Returns add upThe total is the sum of the returns along the way, so gains never compound.
DrawdownThe largest fall of the total return from its highest point so far, in percentage points.
Closing pricesMeasured from one bar's close to the next: 1-minute bars for the record and the gate, the algo's own timeframe for a quick backtest. Moves inside a bar aren't seen, so a longer timeframe can show a smaller drawdown.
1× baselineEvery algo is measured at 1× leverage. Your leverage multiplies its returns and its drawdown; Sharpe stays the same.
Why yours will differ.
Section titled “Why yours will differ.”NettingYour algos cancel against each other first.
Your settingsYou pick your own allocation and leverage.
TimingYou start at a different time and price.
Real ordersReal fills differ a little from simulated ones.
Badges.
Section titled “Badges.”TrialPassed the launch gate and is live. Its record is still being built.
ProvenThe PnL team has reviewed its live record. A later review can move it back to Trial.
DemoAn example listing that shows how the app works. Not a real algo.
Testnet records show that an algo runs, not how it would do with real money.