Paper Trades / ENA / ENA — January 2025 (v4.0.1 Pythia)
CURRENT · OMNISCIUS v4.0.1 · PYTHIA

ENA Ethena Paper Trade

ENA — January 2025 (v4.0.1 Pythia) — Simulated live trading results using the v4.0.1 Pythia model.

v4.0.1 Pythia • 21 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 — January 2025 (v4.0.1 Pythia) 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
+151.5%
€10,000 →
€25,148
Win Rate
71.4%
15W / 6L
Trades
21
Sharpe
11.69
Alpha vs B&H
+191.05pp
Risk / Reward
29.56×
B&H Return
-39.58%
Max Drawdown
-5.12%
Avg Drawdown
-8.57%
Sharpe Trend
+7.55
Model
v4.0.1 Pythia
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 THIS PAGE
Return
+151.48%
Win Rate
71.4%
Sharpe
11.69
Alpha vs B&H
+191.05pp
Max DD
-5.12%
Avg DD
-8.57%
Risk / Reward
29.56×
Trades
21
v4.0 ITZAMNÁ
Return
+120.69%
▲ +30.79
Win Rate
72.8%
▼ -1.37
Sharpe
0.00
▲ +11.69
Alpha vs B&H
+0.00pp
▲ +191.05
Max DD
-11.22%
▲ +6.10
Avg DD
0.00%
▼ -8.57
Risk / Reward
0.00×
Trades
19
Open v4.0 page →
V2.5.8.3
Return
+71.73%
▲ +79.75
Win Rate
83.3%
▼ -11.87
Sharpe
0.00
▲ +11.69
Alpha vs B&H
+0.00pp
▲ +191.05
Max DD
-4.02%
▼ -1.10
Avg DD
0.00%
▼ -8.57
Risk / Reward
0.00×
Trades
24
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 (v4.0.1 Pythia)

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 — January 2025 (v4.0.1 Pythia) — compounded daily PnL within this period

Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
—
2
—
3
—
4
—
5
-1.8
6
—
7
—
8
—
9
+8.0
10
-0.4
11
-0.1
12
—
13
-4.7
14
—
15
+23.6
16
—
17
+6.5
18
+5.4
19
+5.7
20
+10.3
21
+9.3
22
-0.5
23
-1.0
24
+11.1
25
—
26
+1.0
27
+5.3
28
—
29
+6.6
30
+12.4
31
+4.6
Smart Insights
  • ↑ Exceptional return: +151.5% — compound across the full walk-forward window.
  • ↑ Healthy win rate: 71.4%.
  • ↑ Strongest regime: BULL — avg +6.32% on 4 trades, WR 50%.

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 17 76.5% +4.47% +107.06% 9h
BULL 4 50.0% +6.32% +25.31% 23h

Trade Logv4.2 Theros

All 21 trades executed during this paper trade period.

EntryExitEntry PriceExit PricePnLRegimeDuration
$0.00 $0.00 -1.76% BUBBLE 7h
$0.00 $0.00 +1.31% BUBBLE 13h
$0.00 $0.00 +6.59% BUBBLE 3h
$0.00 $0.00 -0.39% BUBBLE 4h
$0.00 $0.00 -0.07% BULL 16h
$0.00 $0.00 -4.68% BULL 7h
$0.00 $0.00 +23.58% BULL 2.3d
$0.00 $0.00 +6.45% BULL 15h
$0.00 $0.00 +4.64% BUBBLE 8h
$0.00 $0.00 +0.76% BUBBLE 5h
$0.00 $0.00 +5.74% BUBBLE 7h
$0.00 $0.00 +10.26% BUBBLE 4h
$0.00 $0.00 +9.33% BUBBLE 10h
$0.00 $0.00 -0.54% BUBBLE 3h
$0.00 $0.00 -1.00% BUBBLE 5h
$0.00 $0.00 +11.10% BUBBLE 18h
$0.00 $0.00 +0.96% BUBBLE 1d
$0.00 $0.00 +5.32% BUBBLE 8h
$0.00 $0.00 +6.58% BUBBLE 10h
$0.00 $0.00 +12.42% BUBBLE 14h
$0.00 $0.00 +4.61% BUBBLE 13h

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.

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71.4% Win Rate +151.5% Return -5.1% Max Drawdown Net of Fees