Paper Trades / ENA / ENA — July 2025 (v4.0 Itzamná)
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ENA Ethena Paper Trade

ENA — July 2025 (v4.0 Itzamná) — Simulated live trading results using the v4.0 (Itzamná) model.

v4.0 (Itzamná) • 13 Trades • Completed
✓ Walk-forward validated ✓ Backtest = Live (bit-identical) ✓ Net of fees (0.15% / 0.25%) ✓ Forward-look-bias audited

Ethena (ENA) is the governance token of the Ethena protocol, which issues the synthetic-dollar stablecoin USDe backed by delta-hedged ETH positions. Listed via Binance Launchpool in April 2024 with roughly one-and-a-half cycles of history. Price responds to USDe supply growth, funding-rate dynamics, and stablecoin-narrative cycles.

Performance Monthly Calendar Day Grid Regimes Trade Log FAQ ENA Signals →

ENA — July 2025 (v4.0 Itzamná) Performancev4.2 Theros

Ethena (ENA) — clean monthly entry, no carry-over from previous months. Net of trading fees (Bitvavo 0.15% + 0.25%).

Monthly Return
+233.5%
€10,000 →
€33,351
Win Rate
100.0%
13W / 0L
Trades
13
Sharpe
0.00
Alpha vs B&H
+0.00pp
Risk / Reward
0.00×
B&H Return
+0.00%
Max Drawdown
-11.94%
Avg Drawdown
0.00%
Wins / Losses
13W / 0L
Model
v4.0 (Itzamná)
Full Backtest
View →

Side-by-side: model versions

Same coin, same period, same data window — different model. All walk-forward validated. v4.0.1 (Pythia) is the current production model; v4.0 (Itzamná) confirmed the statistical edge across 46 coins; v2.5 is the legacy baseline.

v4.0.1 PYTHIA
Return
+341.91%
▼ -108.40
Win Rate
100.0%
≈
Sharpe
19.54
▼ -19.54
Alpha vs B&H
+217.76pp
▼ -217.76
Max DD
0.00%
▼ -11.94
Avg DD
-5.90%
▲ +5.90
Risk / Reward
99+×
Trades
15
Open v4.0.1 page →
v4.0 ITZAMNÁ THIS PAGE
Return
+233.51%
Win Rate
100.0%
Sharpe
0.00
Alpha vs B&H
+0.00pp
Max DD
-11.94%
Avg DD
0.00%
Risk / Reward
0.00×
Trades
13
V2.5.8.3
Return
+111.55%
▲ +121.96
Win Rate
83.3%
▲ +16.70
Sharpe
0.00
≈
Alpha vs B&H
+0.00pp
≈
Max DD
-0.37%
▼ -11.57
Avg DD
0.00%
≈
Risk / Reward
0.00×
Trades
18
Open page →

Δ-arrows on the counterpart cards show this page minus that version. Higher return / WR = better; smaller (less negative) Max DD = better.

ENA

ENA Monthly Returns (v4.0 Itzamná)

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year Σ
2025 +151.5%
21t
 		+110.7%
19t
 		+162.0%
14t
 		+94.5%
11t
 		+187.0%
14t
 		+71.0%
15t
 		+341.9%
15t
 		+102.8%
13t
—
—
—
—
 +118,629.0%

All months for ENA under this model. Click a cell to drill into that month's trade log. Color intensity = magnitude.

Day-by-day — ENA — July 2025 (v4.0 Itzamná) — compounded daily PnL within this period

Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
—
2
—
3
—
4
—
5
—
6
—
7
+2.0
8
—
9
—
10
+25.3
11
—
12
—
13
—
14
+12.8
15
—
16
+12.1
17
—
18
+10.6
19
—
20
+8.5
21
+8.3
22
+1.2
23
+3.7
24
+3.2
25
—
26
—
27
+17.6
28
+3.6
29
—
30
—
31
+13.4
Smart Insights
  • ↑ Exceptional return: +233.5% — compound across the full walk-forward window.
  • ↑ High win rate: 100.0% — 4 in 5 trades close in profit.
  • ↑ Strongest regime: BUBBLE — avg +8.06% on 12 trades, WR 100%.

Per-regime Breakdownv4.2 Theros

How the model performs across the 4 market regimes detected by Omniscius.

Regime Trades Win Rate Avg PnL Compounded Return Avg Hold
BUBBLE 12 100.0% +8.06% +150.23% 23h
BULL 1 100.0% +25.31% +25.31% 3.0d

Trade Logv4.2 Theros

All 13 trades executed during this paper trade period.

EntryExitEntry PriceExit PricePnLRegimeDuration
06 Jul 2025 14:00 07 Jul 2025 08:00 $0.26 $0.27 +2.01% BUBBLE 19h
07 Jul 2025 22:00 10 Jul 2025 22:00 $0.25 $0.32 +25.31% BULL 3d
12 Jul 2025 15:00 14 Jul 2025 04:00 $0.32 $0.36 +12.78% BUBBLE 1.6d
15 Jul 2025 01:00 16 Jul 2025 17:00 $0.33 $0.37 +12.05% BUBBLE 1.7d
17 Jul 2025 19:00 18 Jul 2025 12:00 $0.37 $0.41 +10.55% BUBBLE 18h
20 Jul 2025 02:00 20 Jul 2025 09:00 $0.45 $0.49 +8.47% BUBBLE 8h
20 Jul 2025 22:00 21 Jul 2025 18:00 $0.49 $0.54 +8.25% BUBBLE 21h
22 Jul 2025 09:00 22 Jul 2025 11:00 $0.50 $0.50 +1.18% BUBBLE 3h
23 Jul 2025 13:00 23 Jul 2025 19:00 $0.45 $0.47 +3.66% BUBBLE 7h
24 Jul 2025 08:00 24 Jul 2025 22:00 $0.46 $0.48 +3.19% BUBBLE 15h
25 Jul 2025 11:00 27 Jul 2025 23:00 $0.57 $0.67 +17.61% BUBBLE 2.5d
28 Jul 2025 14:00 28 Jul 2025 16:00 $0.65 $0.67 +3.60% BUBBLE 3h
29 Jul 2025 21:00 31 Jul 2025 13:00 $0.56 $0.64 +13.40% BUBBLE 1.7d

Frequently Asked Questions

What is a paper trade?

A paper trade simulates real signal execution without real money. Each month starts fresh with a clean €10,000 allocation — no carry-over from previous months. This shows exactly what would have happened if you started following signals on day one of that month. View live ENA signals →

Are trading fees included?

Yes. All results are net of trading fees based on Bitvavo rates (0.15% entry + 0.25% exit). No slippage is applied. Trading via Bitget (0.1%/0.1%) would improve returns.

How does this relate to the backtest?

Paper trades use the same model and signals as the full backtest. The difference: backtests cover years of data across multiple market cycles, while paper trades show month-by-month performance in recent market conditions. Together they provide a complete picture.

Is the model retrained during the month?

Yes. The Omniscius model is retrained bi-weekly, which means paper trade results reflect the exact same model updates that live subscribers receive. This is not a static backtest — it is a living simulation. Learn about Omniscius →

Start Trading Ethena Smarter

These paper trade results show what our model delivers. Get real-time ENA signals with entry, stop-loss, and take-profit on every trade.

Get Started → ENA Signals → View Plans →
100.0% Win Rate +233.5% Return -11.9% Max Drawdown Net of Fees