Paper sleeve after 63 live days
+4.2% forward return · +1.3% active return · 0 critical alerts. The sleeve is behaving coherently enough to keep monitoring rather than immediately intervening.
Paper And Scoreboard Example
This example shows the forward-evidence loop after a strategy survives historical review. The important distinction is that the scoreboard rank is earned by forward paper history, not inherited from the backtest that justified promotion.
Example fit
Use this page when you want to understand how Alphrex treats a promoted strategy after the historical phase: live sleeve behavior, alerts, benchmark drift, and scoreboarding under a governed forward record.
Example progression
1. Save a credible result
A result with acceptable validation and benchmark context becomes a candidate for forward tracking. This is the last historical checkpoint before the live paper record starts.
2. Promote into paper
The paper sleeve starts from its creation date. Earlier history can warm up the signal state, but it does not fabricate a live record.
3. Watch the alert layer
Drawdown breaches, negative forward return, weak benchmark fit, and regime stress are useful because they tell you how the sleeve is failing, not just that performance cooled off.
4. Read the scoreboard as forward evidence
Rank is earned by stored live history and governance-aware scoring. It is a monitoring surface, not a historical beauty contest.
Example evidence snapshots
Alert state one month later
Benchmark fit warning · recent regime transition. The strategy is still alive, but the follow-up action changes from “scale conviction” to “watch deterioration closely.”
Scoreboard interpretation
Live-history threshold met · upper-half rank. The board is telling you the strategy has earned attention in the forward record, not that the backtest is now proven true.
What this still does not prove
No broker-grade execution history
The paper layer is still product-side forward evidence. It is not a broker-audited live track record and it does not settle fill quality or operational resilience.
No immunity to intervention bias
If you keep changing a weak sleeve during the paper phase, the record becomes harder to interpret. Scoreboard rank is only useful when governance remains disciplined.
No automatic right to scale capital
A better forward rank can justify continued attention. It still does not remove the need for separate execution planning, risk budgeting, and explicit approval before real capital is involved.