Walk Forward Get the letter

A weekly letter on systematic trading — from the team at Ferrante Capital

Most backtests are marketing. Ours come with autopsies.

We build and test trading systems, trade them with our own capital, and write about what actually happens — every Monday, in about five minutes.

  • A WEEKLY LETTER ON SYSTEMATIC TRADING
  • MOST STRATEGIES DIE IN TESTING
  • WE PUBLISH THE AUTOPSIES
  • EVERY MONDAY
  • FIVE-ISH MINUTES
  • ISSUE #001 IN THE WORKS
  • NO HOT PICKS

{01} The setup {02} The test {03} The verdict — every idea gets all three. Most don't survive.

{01} The river

The latest

The letter · #001 AUG 1, 2026 · 2 min read

Why we publish our failures

Issue #001: what this letter is, why the autopsies matter more than the wins, and the standing promises we're making to every reader.

  1. The letter JUL 27, 2026 · 2 min read

    What we mean by backtest honesty

  2. Build log · JUL 21, 2026 · 4 min read

    Building this in public: what we'll show and what we won't

  3. The letter JUL 21, 2026 · 2 min read

    We're building this letter in public

  4. Market structure · JUL 18, 2026 · 4 min read

    Slippage: the tax nobody models
All stories

{02} From the desk

Most trading-strategy marketing shows you an equity curve that goes up and to the right, and hopes you don't ask how it was made. We think the interesting part is exactly the part that gets hidden. So we publish the whole process — the ideas, the tests, the assumptions, and the strategies that die along the way. We trade our own capital using the same systems we write about. We will never sell you picks, and we will never dress a simulation up as a track record.

— the team at Ferrante Capital

Coming — some systems that survive testing may become licensed strategy software. The honest version of that story

Still scrolling? The letter is shorter than this page.

Expect one letter every Monday — the setup, the test, and the verdict, in five-ish minutes.