My P&L

A test bench that executes every TRADE signal ON PAPER with real fees, to measure the one unknown the backtest can't cover: the tracking error between the signal (which reasons on the spot) and the instrument a retail investor can actually buy (an ETC). Zero real money — it's paper, and labelled as such.

The euro P&L applies the instrument's return (quoted in USD, like the spot) to the ticket. EUR/USD drift is a separate effect, excluded here to isolate the signal's tracking error.

An educational dogfooding example: the founder follows his own signals on paper. This is not investment advice, and the risk capital shown is a bounded demonstration.