ALPHAC / the record

The paper-trading record.
Losses included.

ALPHAC is Canli Capital's own trading engine. Its strategies run on paper, and every position, decision and broker reconciliation is published here daily, including the trials that failed.

Research, not a fund. Paper execution, not funded returns.

TradingPaper only
Broker3 Alpaca paper accounts
Paper recordSince 24 Sept 2026
Strategies3 running · goal 14

Evidence Core / Public schema

The route from a frozen idea to a signed record.

Every shape has a job. Identities freeze before returns are opened. Failed trials remain in the union. Strategies stay separate. Broker observations enter from the edge. Signed records join the spine.

  1. 01
    Idea fieldCandidate mechanisms enter without a result.
  2. 02
    Frozen identityParameters, data and gates become addressable.
  3. 03
    Trial unionKilled work recedes, but never disappears.
  4. 04
    Broker railsEach strategy trades in its own account.
  5. 05
    Signed claimDisclosed payloads join the append-only spine.
Observed public stateIdea field
Trial identities228
Killed or screened46
Active strategies3
Signed entries1,399

Open research book

The failed trials stay visible.

The goal is not to look right in hindsight. It is to preserve what was tested, what failed, what changed, and which claims remain unearned.

114published documents
46rejected or screen-killed

Hypothesis identities, family decisions, and complete trial packets are separate accounting units. The trial ledger shows the denominator.

Read the research library
Portable reproduction

Crypto Carry, without the private lake

A bounded package for reproducing the selected carry result from public inputs.

Read paper Data integrity

Corporate-action basis reconstruction

Why split and dividend semantics can move an apparently stable equity result.

Read paper Research standard

What would count as forward Sharpe evidence?

The observation, provenance, and maturity requirements fixed before the result arrives.

Read paper

The paper-trading record

The record.
Losses included.

Paper-trading results and positions, as the broker reported them, updated once a day. Switch between the whole portfolio and each strategy. Losing days stay in the chart.

Open the live dashboard

Our strategies right now

3 strategies.
One open engine.

Each strategy gets an equal share. How much they move together is measured on past research data; whether that holds in live trading is not known yet.

Average correlation between strategies +0.0345 · on past research data, not the live record

01
US equity momentum

AlphaMax

Picks US stocks by momentum, how strongly each has risen against the rest, from a list that keeps companies that later failed.

Execution
Alpaca paper
Target weight
25%
Observed broker$999.5K equity · 174 positions
02
Managed futures

AlphaTrend

Follows price trends in stock, bond, commodity and currency markets.

Execution
Alpaca paper
Target weight
25%
Observed broker$1M equity · 15 positions
03
Macro surprise

AlphaVintage

Holds small US companies against large ones (IWM against SPY), positioned by how much inflation (CPI) surprised, using only data known at the time.

Execution
Alpaca paper
Target weight
25%
Observed broker$1M equity · 2 positions
04
Crypto funding carry

AlphaForge

Collects the funding payments on crypto perpetual futures, priced from live exchange order books.

Execution
Local paper
Target weight
25%
Observed localLive books, simulated fills
Research-window correlationSimulated / not live-forward proof
+0.0345Inspect every system

Dated evidence dashboard

What was observed, what was simulated, and what is still only a goal.

Performance targets never inherit the styling of earned results. Every figure below is bound by the same honesty pledge published in full.

Alpaca execution3 / paperSeparate paper accounts
Broker book191 / 0Positions / open orders
Funded strategy recordNot activeAny separate $1 account is not yet attested here
ValidationBroker passGreen only when reconciliation passes
ObjectiveForward Sharpe2.00Not yet estimated from the forward record
ObjectiveExpected max drawdown10.00%Portfolio objective, not a guarantee
Model estimateExpected max drawdown8.99%Current composition / not live established
Model estimatep95 max drawdown15.86%Published even though it exceeds the objective

Record freshness and execution basis

The operating facts behind the curve.

Latest signed record11 Oct 2026, 01:41 UTCseq 1,398 / e6713c9d8182930c…Verify this record
Broker exposure28.2% to 71.4% gross

+0.30% to +31.14% net across dedicated broker accounts. Not a composite exposure.

Open broker evidence
Forward turnoverNot published

The public record does not yet expose a governed composite turnover series.

Read the measurement rule
Observed slippageNot measurable

Equity fills lack a decision-price reference. The measured crypto component predates the current forward window.

Open cost evidence
StrategyExecutionLatest observationState
AlphaMaxAlpaca paper174 positions / 11 Oct 2026, 16:25 UTCPass
AlphaTrendAlpaca paper15 positions / 11 Oct 2026, 16:25 UTCPass
AlphaVintageAlpaca paper2 positions / 11 Oct 2026, 16:25 UTCPass
AlphaForgeLocal paperLive exchange books, simulated fillsLocal only
Broker check passed · goals not met yet

Broker reconciliation passes. The Sharpe ratio goal (above 2.00) is not established yet; the paper record has 13 daily returns.

How the goals are judged

Evidence grammar

Three labels. No ambiguity.

Observed

Broker & paper record

Marks, positions, orders, and drawdown already recorded by the current paper system.

Simulated

Research evidence

Walk-forward, stress, and capacity results under declared data and cost assumptions.

Planned

14-strategy goal

A governed breadth objective. It is not represented as a current portfolio achievement.

One decision / end to end

Follow a rebalance through the entire system.

Each layer answers a different question: what the model knew, what it chose, what the broker accepted, and what was published.

  1. 01 / InputWhat the model could know

    Point-in-time data and survivorship contracts.

    Data contracts
  2. 02 / DecisionWhat was fixed first

    Reserved identity, parameters, and admission rule.

    Trial ledger
  3. 03 / RiskWhat the portfolio allowed

    Weight, exposure, drawdown, and kill state.

    Risk evidence
  4. 04 / BrokerWhat Alpaca accepted

    Positions, orders, account mark, and reconciliation.

    Broker evidence
  5. 05 / RecordWhat cannot be silently replaced

    Signed, append-only public payloads.

    Verify chain

System films / Artifact rendered

Watch the system prove what state it is in.

Each silent loop is rendered from a sanitized public artifact, and carries its timestamp, basis, source and limitation in the frame.

Observed research accounting
01 / Research state

The engine is testing

Hypothesis identities freeze before executions enter the ledger. The preregistered budget remains visible.

Artifact time
Playback
12 seconds / silent
Read state transitions
  1. Candidate mechanisms enter without a result.
  2. The hypothesis identity freezes.
  3. Immutable executions accumulate against a visible budget.
Open trial accounting
Observed Alpaca paper state
02 / Execution state

The broker is observed

Each strategy keeps its own paper account. Aggregate reconciliation is shown without account identifiers, credentials, or holdings.

Artifact time
Capital basis
Paper only
Read state transitions
  1. Three paper strategies run in separate accounts.
  2. Aggregate positions and orders are observed.
  3. The published reconciliation resolves pass or open.
Open broker evidence
Observed signed public record
03 / Publication state

The record is sealed

Published states bind into an append-only sequence. The current head appears with its timestamp and short hash prefix.

Artifact time
Verification
Signed chain
Read state transitions
  1. Published states join the sequence.
  2. Each node binds to the previous chain hash.
  3. The signed head resolves with a timestamp.
Verify the public record

Observed state is not the same as validated performance. These films make the research, paper-broker, and signed-record boundaries easier to inspect. They do not imply funded execution or an earned Sharpe result.

What you getOpen now / no paid plan

The work stays open.

Research, execution, and improvement belong in the same record. Inspect the decisions, reproduce the calculations, and see the corrections. Our free research tools are open to everyone.

To see what it does

The live paper record

Equity, positions, decisions and broker reconciliation, republished daily. Paper throughout, never funded.

14 published equity marks · 3 broker accounts reconciled

Open the live record
To decide whether to believe it

The research, and the retractions

Every hypothesis tested, the ones that failed, and the figures since withdrawn.

114 documents · 46 published kills · 228 trial identities (the retired legacy set)

Read the corrections
To check the arithmetic yourself

Run your own numbers

Free key, no account. Send your own returns through the same validation arithmetic the record is held to, and get back a receipt you can cite. Behind it sit three open repositories: the engine, the point-in-time data layer and the backtester.

1,220 tests passing · mypy --strict across 83 files

Validate your numbers
Hard boundary

Research, not a fund

No managed capital, copy-trading, promised return, or investment advice.

0 external reviews · 0 independent replications so far

Read boundaries

Authorship & accountability

A named builder.
An open record.

Built by Arhan Canli in Dubai. Research, code, corrections and operating evidence carry a name. This is a research project, not a fund or investment adviser.

Founder

Arhan Canli / Dubai

Quantitative researcher and builder of ALPHAC.

Building since July 2024 · public record from 24 Sept 2026

Founder record
Method contract

Prospective admission v7

New strategies are admitted only under the rules in force.

3 admitted of a 14-strategy goal

Read methodology
Execution boundary

Paper record, real broker plumbing

Alpaca paper fills and local simulated crypto fills are never presented as funded execution.

3 dedicated accounts · 0 funded

Broker evidence
Incident policy

Append, explain, preserve

A correction keeps the superseded claim and the evidence that exposed it.

1,399 signed entries, append-only

Correction record