Does an edge exist?
Before deeper analysis, establish whether the strategy shows a credible edge worth investigating.
BackTest Forensics grew from a simple but frustrating problem: a trading system that appeared to work, then seemed to fail on a recurring cycle.
The founder had a strategy that repeatedly broke down roughly every several weeks. Traditional performance statistics could show the damage, but they did not explain why it kept happening.
The recurring failures were eventually traced to exposure around Federal Reserve FOMC meetings. That discovery changed the question from “Is this strategy profitable?” to “What conditions are actually responsible for its profits and losses?”
The strategy periodically failed.
Was the strategy exposed to a recurring market condition the backtest itself was not explaining?
That FOMC discovery became the foundation for a broader research process: attach market context to the strategy's trade history, test the relationships, challenge the explanation, and keep only what the evidence supports.
Before deeper analysis, establish whether the strategy shows a credible edge worth investigating.
Regime, GEX, market structure, economic events, order flow, liquidity behavior and other relevant states.
Challenge the relationship before turning a historical pattern into a strategy rule.
BackTest Forensics begins with the Edge Diagnostic. If the evidence supports deeper research, the investigation can expand into Gamma Exposure, Volume Profile & Market Structure, Trend Quality & Regime, Order Flow & Spoof Detection, and Economic Events.
That question is the thread connecting the original FOMC investigation to every Intelligence Report produced today.