The Paper Desk 中文

Track record

Every paper-trading result this team has, net of costs, losses shown the same way as gains. Each number names the file it comes from.

Paper trading. Not real money. Not advice. All accounts below use virtual money and simulated fills on real quotes. Zero real orders. Samples are a few days old and tiny, so they prove nothing about whether a strategy works.

As of 2026-10-23 21:22 (UTC+8) for gold; ETH times are shown per account. Page built 2026-10-23 22:03 (UTC+8).

Gold 1-minute engineGold House accountsETHCost methodology

Paper · virtual cents
XAUUSD · cent (USC) account basis · as of 2026-10-23 21:22 (UTC+8) · running since 2026-10-22 14:06

Gold 1-minute engine

1-minute EMA5/20 crossover, long or short, 0.01 lot. Every order has a stop-loss (3.0 price points), a take-profit (4.5) and a max holding time (30 min). Since engine version R4-0.2: no new entries 20 min before the daily break / Friday close, flatten 5 min before, and flatten during scheduled news windows (FOMC, PCE/GDP).

Closed trades8731 wins · 56 losses (36% win rate)
Net after spread + swap+1.83 USC≈ +$0.02 · +1.83%
Net after full costs (stress)-21.66 USC≈ −$0.22 · -21.66%
Equity now (recorded basis)101.83 USCstart 100 USC · ≈ $1.02
Max drawdown-20.35%from per-minute equity
Best / worst trade+6.21 / -3.93USC

Cumulative equity (USC, recorded basis: spread and swap deducted; commission and slippage not)

127.4392.43start 1002026-10-22 14:062026-10-23 21:22

From gross to net (closed trades, USC)

ItemUSCUSDSource / note
Gross P&L at mid-price (before any cost)+20.35≈ +$0.20ledger: CLOSE pnl + spread paid on the matching OPEN
Spread (bid/ask, paid on every fill)-17.74≈ −$0.18ledger: OPEN spread_cost per trade
Swap (overnight financing)-0.78≈ −$0.01status.json swap_total; settlement time unverified
= Net as recorded by the engine+1.83≈ +$0.02equals cash − start in status.json
Commission (stress: 0.07 USC per 0.01-lot round trip)-6.09≈ −$0.06ledger commission_hypo; real cent-account rate UNKNOWN
Slippage (stress assumption: 0.20 USC per round trip)-17.40≈ −$0.1787 trades × 0.20; assumption, not measured
= Net after full costs (stress)-21.66≈ −$0.22closed trades only

No open position at the snapshot time. Exit reasons: opposite signal 30 · stop-loss 28 · take-profit 26 · max hold time 3.

Honest reading: before costs the trades made money; the spread alone took most of it, and with stress commission and slippage the result is a loss.

All 87 closed trades
Closed (UTC+8)SideLotsEntryExitHeldGross USCSpreadNet USCExit reason
10-23 21:11Short0.014,027.544,031.112m-3.37-0.20-3.57stop-loss
10-23 21:09Long0.014,028.904,027.542m-1.16-0.20-1.36opposite signal
10-23 21:00Short0.014,025.304,028.572m-3.07-0.20-3.27stop-loss
10-23 20:45Short0.014,024.904,028.834m-3.73-0.20-3.93stop-loss
10-23 20:25Long0.014,025.194,030.013m+5.03-0.21+4.82take-profit
10-23 20:22Short0.014,023.664,025.1912m-1.32-0.21-1.53opposite signal
10-23 20:03Short0.014,024.174,027.319m-2.95-0.19-3.14stop-loss
10-23 19:54Long0.014,026.934,024.175m-2.56-0.20-2.76opposite signal
10-23 19:49Short0.014,025.414,026.9319m-1.33-0.19-1.52opposite signal
10-23 19:11Long0.014,024.474,029.069m+4.79-0.20+4.59take-profit
10-23 18:52Long0.014,024.094,020.757m-3.15-0.19-3.34stop-loss
10-23 18:45Short0.014,023.524,024.0912m-0.38-0.19-0.57opposite signal
10-23 18:33Long0.014,024.574,023.524m-0.84-0.21-1.05opposite signal
10-23 18:29Short0.014,022.704,024.574m-1.68-0.19-1.87opposite signal
10-23 18:25Long0.014,023.674,022.7015m-0.78-0.19-0.97opposite signal
10-23 18:10Short0.014,024.224,023.6718m+0.74-0.19+0.55opposite signal
10-23 17:51Long0.014,025.724,024.221m-1.30-0.20-1.50opposite signal
10-23 17:37Long0.014,027.994,024.943m-2.85-0.20-3.05stop-loss
10-23 17:34Short0.014,026.464,027.995m-1.34-0.19-1.53opposite signal
10-23 16:44Long0.014,017.724,022.412m+4.89-0.20+4.69take-profit
10-23 16:37Long0.014,015.564,012.5021m-2.86-0.20-3.06stop-loss
10-23 16:04Short0.014,015.274,010.7713m+4.71-0.21+4.50take-profit
10-23 15:31Long0.014,015.594,020.696m+5.31-0.21+5.10take-profit
10-23 15:19Long0.014,015.654,012.648m-2.82-0.19-3.01stop-loss
10-23 15:11Short0.014,014.794,015.6520m-0.65-0.21-0.86opposite signal
10-23 14:51Long0.014,015.964,014.793m-0.96-0.21-1.17opposite signal
10-23 14:23Long0.014,021.164,017.575m-3.38-0.21-3.59stop-loss
10-23 14:07Short0.014,021.474,016.967m+4.71-0.20+4.51take-profit
10-23 13:58Short0.014,020.254,023.302m-2.84-0.21-3.05stop-loss
10-23 13:30Short0.014,011.334,014.522m-3.00-0.19-3.19stop-loss
10-23 13:10Long0.014,007.664,013.879m+6.42-0.21+6.21take-profit
10-23 12:05Short0.014,014.884,010.3411m+4.75-0.21+4.54take-profit
10-23 11:45Short0.014,014.194,017.513m-3.12-0.20-3.32stop-loss
10-23 11:42Long0.014,016.064,014.1916m-1.67-0.20-1.87opposite signal
10-23 11:26Short0.014,016.664,016.0624m+0.82-0.22+0.60opposite signal
10-23 10:09Long0.014,006.514,011.290m+4.98-0.20+4.78take-profit
10-23 09:31Short0.014,014.144,017.282m-2.93-0.21-3.14stop-loss
10-23 09:26Long0.014,018.604,023.353m+4.96-0.21+4.75take-profit
10-23 09:05Short0.014,022.144,017.522m+4.82-0.20+4.62take-profit
10-23 08:47Long0.014,021.304,026.161m+5.07-0.21+4.86take-profit
10-23 08:17Long0.014,024.024,021.016m-2.80-0.21-3.01stop-loss
10-23 08:02Short0.014,026.174,022.9530m+3.43-0.21+3.22max hold time
10-23 07:32Long0.014,027.584,026.1714m-1.20-0.21-1.41opposite signal
10-23 07:03Short0.014,029.754,024.7212m+5.24-0.21+5.03take-profit
10-23 06:00Long0.014,023.304,025.9566m+2.90-0.25+2.65max hold time
10-23 04:54Short0.014,022.464,023.302m-0.59-0.25-0.84opposite signal
10-23 04:52Long0.014,023.584,022.468m-0.88-0.24-1.12opposite signal
10-23 04:40Short0.014,025.324,022.5030m+3.03-0.21+2.82max hold time
10-23 04:10Long0.014,026.534,025.3218m-1.00-0.21-1.21opposite signal
10-23 03:52Short0.014,025.264,026.5317m-1.07-0.20-1.27opposite signal
10-23 03:29Short0.014,027.544,030.751m-3.00-0.21-3.21stop-loss
10-23 03:28Long0.014,028.324,027.541m-0.58-0.20-0.78opposite signal
10-23 02:10Short0.014,042.264,037.768m+4.70-0.20+4.50take-profit
10-23 02:02Long0.014,044.124,042.2622m-1.67-0.19-1.86opposite signal
10-23 01:38Short0.014,040.704,044.441m-3.54-0.20-3.74stop-loss
10-23 01:17Long0.014,039.894,044.407m+4.71-0.20+4.51take-profit
10-23 00:45Short0.014,045.174,040.5913m+4.77-0.19+4.58take-profit
10-23 00:30Long0.014,050.154,046.994m-2.95-0.21-3.16stop-loss
10-23 00:03Short0.014,051.624,047.094m+4.73-0.20+4.53take-profit
10-22 23:53Short0.014,052.074,055.131m-2.86-0.20-3.06stop-loss
10-22 23:52Long0.014,053.694,052.071m-1.42-0.20-1.62opposite signal
10-22 23:29Short0.014,056.784,052.277m+4.72-0.21+4.51take-profit
10-22 23:22Long0.014,058.414,056.781m-1.43-0.20-1.63opposite signal
10-22 23:18Short0.014,057.854,060.9111m-2.86-0.20-3.06stop-loss
10-22 22:39Long0.014,052.744,057.607m+5.07-0.21+4.86take-profit
10-22 21:12Long0.014,084.374,081.091m-3.08-0.20-3.28stop-loss
10-22 21:02Short0.014,080.474,084.330m-3.65-0.21-3.86stop-loss
10-22 20:32Long0.014,070.164,075.527m+5.56-0.20+5.36take-profit
10-22 20:24Short0.014,065.214,068.502m-3.09-0.20-3.29stop-loss
10-22 20:10Long0.014,065.904,070.865m+5.17-0.21+4.96take-profit
10-22 19:50Long0.014,066.344,063.325m-2.82-0.20-3.02stop-loss
10-22 18:50Short0.014,088.684,084.0210m+4.85-0.19+4.66take-profit
10-22 18:20Short0.014,086.674,090.373m-3.51-0.19-3.70stop-loss
10-22 18:07Long0.014,085.714,090.3412m+4.84-0.21+4.63take-profit
10-22 17:55Short0.014,084.344,085.713m-1.17-0.20-1.37opposite signal
10-22 17:52Long0.014,085.184,084.3410m-0.64-0.20-0.84opposite signal
10-22 17:42Short0.014,084.334,085.1814m-0.65-0.20-0.85opposite signal
10-22 17:19Long0.014,087.714,084.705m-2.80-0.21-3.01stop-loss
10-22 16:56Short0.014,088.004,082.894m+5.31-0.20+5.11take-profit
10-22 16:52Long0.014,089.734,088.0010m-1.53-0.20-1.73opposite signal
10-22 16:42Short0.014,087.574,089.737m-1.96-0.20-2.16opposite signal
10-22 16:30Long0.014,091.644,088.379m-3.06-0.21-3.27stop-loss
10-22 16:08Short0.014,087.394,082.705m+4.90-0.21+4.69take-profit
10-22 16:03Long0.014,090.374,087.391m-2.77-0.21-2.98opposite signal
10-22 15:11Long0.014,098.284,095.232m-2.85-0.20-3.05stop-loss
10-22 15:00Long0.014,093.874,090.839m-2.84-0.20-3.04stop-loss
10-22 14:39Short0.014,094.664,090.1412m+4.73-0.21+4.52take-profit
Source: gold engine snapshot status.json, ledger_events.jsonl, equity_curve.csv. Fills are simulated at the bid/ask of a forex broker's demo quote feed (named only as a price source; no relationship, not a recommendation).
Paper

Gold House accounts

AccountsStatusEquity / trades
Gold House cent accounts (4 strategies: core, qi, 4h shadow, 15m shadow), 10,000 virtual USC eachStarted 2026-10-23 20:55 (UTC+8), Mon–Fri only, flat over the weekendUNKNOWN
Gold House XAU-USDT accounts (virtual USDT, crypto-exchange gold perpetual quotes)Paper. Paused on weekdays from 2026-10-23 (UTC+8); runs Saturday and Sunday onlyUNKNOWN

These ledgers are not yet part of this site's data feed, so we show UNKNOWN instead of quoting numbers from memory. They will appear here with sources once the feed includes them.

Paper · virtual USDT

ETH accounts (paper, paused 2026-10-23)

ETH paper trading was paused on 2026-10-23 (UTC+8) to focus on gold. The 4-hour accounts below show their last update before the pause. The three shadow accounts are still marked to market at 4-hour closes but make no new decisions beyond their fixed rules. Returns are after fees (0.2% per side) and slippage (0.1% per side).

AccountStart USDTEquity USDTReturn (net)Max DDClosed tradesLast mark (UTC+8)Source file
ETH daily trend filter (SMA50)100100.000.00%0.00%02026-10-23 20:00qi_shadow/ledgers/SMA50/equity.jsonl
ETH Bollinger mean reversion (BB20)100100.000.00%0.00%02026-10-23 20:00qi_shadow/ledgers/MR_BB20/equity.jsonl
Control: just hold ETH (control)10095.05-4.95%-5.59%02026-10-23 20:00qi_shadow/ledgers/HOLD/equity.jsonl
ETH 4h EMA trend-following, long-only (paper)100100.000.00%0.00%02026-10-23 12:00eth_4h/directional_v1/240/ema_long/paper_account.json
ETH 4h EMA trend-following, short-only (paper)10099.87-0.13%-0.50%12026-10-23 12:00eth_4h/directional_v1/240/ema_short/paper_account.json
ETH daily trend filter (SMA50)
ETH Bollinger mean reversion (BB20)
Control: just hold ETH
Prices: HTX public ETH/USDT 4-hour candles. The ETH short-only account's one closed trade was a stop-loss.

Cost methodology

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