# Four-coin candidate screen

Public summary of a checked-in historical research report. Not live P&L, not an audit, and not trading approval. No new research was run for this registry.

## Provenance

Reference source revision: eb1ce1e7977e7911425769d1099946e37b1ec65a

Report: candidate-screen-2026-10-20.md

Original report SHA-256: 00ca221bffc0361225582bf5271d16cad180cd54bd77b69a766e9a8f2ae1b7a2

This is a curated public summary, not the raw internal report or an exact reproduction. Internal implementation and operational details are deliberately omitted.

## Period and universe

2025-10-19 → 2026-10-18; 365 completed daily bars

BTC, ETH, SOL, HYPE

## Cost assumptions

$10,000 initial capital; 11.5 bps per side (4.5 taker + 5 builder + 2 slippage); 1.0× gross baseline. Stress costs not run in this screen.

Funding was loaded as exact contiguous hourly observations for funding-dependent candidates; original Velocity Ranker screens book no funding by design. No maker-fill assumption.

## Reported result and verdict

Velocity Ranker −3.12% (max drawdown −6.31%, 43 trades); Carry-Aware Trend +46.20% (max drawdown −20.44%); Crowd Fade Carry −33.25%.

Verdict: **No winner selected**.

## Evidence limits

Historical screen only. Comparing candidates consumes comparative information. The most recent Carry-Aware segment was −2.60%. Prior four-coin results were not fully replayed after the quantity-accounting correction; these are original reported figures, not current-engine replication.

All figures are historical report receipts. Code tests do not validate strategy performance. No strategy is described as profitable or Live-ready.