As of 30 September 2026
Simulated · pre-launch

Algotoria Spike Diversified

The Algotoria Spike engine, unchanged, on a systematically managed collateral book: a base of yield-bearing stablecoins and a sleeve of tokenised gold and US equity index tokens, whose mix Algotoria varies under a proprietary, non-discretionary allocation rule. It is delivered through non-custodial Separately Managed Accounts (SMA) or Managed Sub-Accounts (MSA). Simulated results; no client money has been managed under it yet.

As of 30 Sep 2026
Prints on A4 with light colours. The figures are those of 30 September 2026.

Simulated performance since 1 January 2024[1]

Simulated track (dashed), against four benchmarks. Not a track record: no client money has been managed under Algotoria Spike Diversified. Gross[3] Net 25[3] Net 30[3]

[3]
Total return
+592.7%
simulated, since 1 Jan 2024
CAGR
+102.2%
annualised
Adjusted max drawdown
−9.1%
longest spell under water: 52 days
5-minute adjusted basis
Calmar ratio
11.21
CAGR ÷ adjusted max drawdown
5-minute adjusted basis
Total return
+358.8%
simulated, since 1 Jan 2024
CAGR
+74.1%
annualised
Adjusted max drawdown
−9.0%
longest spell under water: 142 days
daily adjusted basis
Calmar ratio
8.23
CAGR ÷ adjusted max drawdown
daily adjusted basis
Total return
+321.2%
simulated, since 1 Jan 2024
CAGR
+68.8%
annualised
Adjusted max drawdown
−10.7%
longest spell under water: 158 days
daily adjusted basis
Calmar ratio
6.44
CAGR ÷ adjusted max drawdown
daily adjusted basis
Dashed: simulated. No real-money track.
0%+50%+100%+200%+400%+600%Jan 2024Jul 2024Jan 2025Jul 2025Jan 2026Jul 2026+593%simulated+100%+89%+62%+52%
Adjusted drawdown[4]
0%−10%Jan 2024Jul 2024Jan 2025Jul 2025Jan 2026Jul 2026

Monthly returns[5]

Simulated, from 1 January 2024. Gross[3] Net 25[3] Net 30[3]

[3]
YearJanFebMarAprMayJunJulAugSepOctNovDecYearSince simulation start
2024+13.2%+4.7%+3.0%+1.5%+7.1%−0.9%−0.8%+25.1%+0.3%+2.4%+7.3%+12.0%+101.6%+101.6%
2025+5.0%+12.0%+14.6%+0.5%+0.6%+0.2%+3.6%+3.7%+0.3%+51.3%−0.3%+0.3%+122.6%+348.7%
2026+2.6%+26.6%−0.3%−1.2%+1.9%+5.5%+0.8%+15.6%−3.7%+54.4%+592.7%
YearJanFebMarAprMayJunJulAugSepOctNovDecYearSince simulation start
2024+13.2%+4.7%+3.0%−3.1%+7.1%−0.9%−2.5%+25.1%+0.3%−2.6%+7.3%+12.0%+79.7%+79.7%
2025+0.1%+12.0%+14.6%−6.0%+0.6%+0.2%+3.2%+3.7%+0.3%+48.6%−0.3%+0.3%+94.3%+249.2%
2026−6.0%+26.6%−0.3%−6.8%+1.9%+5.5%−0.7%+15.6%−3.7%+31.4%+358.8%
YearJanFebMarAprMayJunJulAugSepOctNovDecYearSince simulation start
2024+13.2%+4.7%+3.0%−4.1%+7.1%−0.9%−2.9%+25.1%+0.3%−3.6%+7.3%+12.0%+75.5%+75.5%
2025−0.9%+12.0%+14.6%−7.2%+0.6%+0.2%+3.2%+3.7%+0.3%+48.1%−0.3%+0.3%+88.9%+231.6%
2026−7.8%+26.6%−0.3%−7.9%+1.9%+5.5%−1.0%+15.6%−3.7%+27.0%+321.2%

Rolling returns[6]

To 30 September 2026. Gross[3] Net 25[3] Net 30[3]

[3]
Rolling returns
MetricAlgotoria Spike Diversified (simulated)simulated · GrossBitcoinbenchmarkBITA Crypto 10benchmarkGold (PAXG)benchmarkS&P 500benchmark
1 month−3.67%+7.65%+10.20%−6.52%−0.10%
3 months+12.17%+42.63%+52.84%+3.95%+2.58%
6 months+20.78%+25.18%+39.16%−7.70%+21.49%
12 months+133.58%−26.68%−27.74%+7.14%+14.88%
24 months+322.89%+32.04%+21.40%+56.92%+33.39%
CAGR+102.34%+26.15%+16.38%+28.79%+19.21%
Total return+592.68%+89.24%+51.66%+100.32%+61.93%
Rolling returns
MetricAlgotoria Spike Diversified (simulated)simulated · Net 25BitcoinbenchmarkBITA Crypto 10benchmarkGold (PAXG)benchmarkS&P 500benchmark
1 month−3.67%+7.65%+10.20%−6.52%−0.10%
3 months+10.52%+42.63%+52.84%+3.95%+2.58%
6 months+12.24%+25.18%+39.16%−7.70%+21.49%
12 months+95.26%−26.68%−27.74%+7.14%+14.88%
24 months+198.73%+32.04%+21.40%+56.92%+33.39%
CAGR+74.15%+26.15%+16.38%+28.79%+19.21%
Total return+358.75%+89.24%+51.66%+100.32%+61.93%
Rolling returns
MetricAlgotoria Spike Diversified (simulated)simulated · Net 30BitcoinbenchmarkBITA Crypto 10benchmarkGold (PAXG)benchmarkS&P 500benchmark
1 month−3.67%+7.65%+10.20%−6.52%−0.10%
3 months+10.19%+42.63%+52.84%+3.95%+2.58%
6 months+10.55%+25.18%+39.16%−7.70%+21.49%
12 months+88.10%−26.68%−27.74%+7.14%+14.88%
24 months+177.93%+32.04%+21.40%+56.92%+33.39%
CAGR+68.82%+26.15%+16.38%+28.79%+19.21%
Total return+321.21%+89.24%+51.66%+100.32%+61.93%

Risk and return[4]

1 January 2024 to 30 September 2026, simulated. Drawdown measures use the adjusted definition. Gross[3] Net 25[3] Net 30[3]

[3]
Risk and return
MetricAlgotoria Spike Diversified (simulated)simulated · GrossBitcoinbenchmarkBITA Crypto 10benchmarkGold (PAXG)benchmarkS&P 500benchmark
Current drawdown[7]−3.68%−32.28%−33.72%−24.03%−1.39%
Adjusted max drawdown[4]−4.18%−51.38%−56.02%−26.94%−17.52%
Max drawdown duration[8]55 days358 days356 days243 days125 days
Ulcer index[9]0.8323.6029.7910.122.98
Calmar ratio[10]24.500.510.291.071.10
Sortino ratio[11]13.090.840.381.491.30
Sharpe ratio[12]3.040.550.251.180.99
Annualised volatility[13]32%39%47%21%15%
Risk and return
MetricAlgotoria Spike Diversified (simulated)simulated · Net 25BitcoinbenchmarkBITA Crypto 10benchmarkGold (PAXG)benchmarkS&P 500benchmark
Current drawdown[7]−3.68%−32.28%−33.72%−24.03%−1.39%
Adjusted max drawdown[4]−9.01%−51.38%−56.02%−26.94%−17.52%
Max drawdown duration[8]142 days358 days356 days243 days125 days
Ulcer index[9]3.2123.6029.7910.122.98
Calmar ratio[10]8.230.510.291.071.10
Sortino ratio[11]4.560.840.381.491.30
Sharpe ratio[12]2.110.550.251.180.99
Annualised volatility[13]33%39%47%21%15%
Risk and return
MetricAlgotoria Spike Diversified (simulated)simulated · Net 30BitcoinbenchmarkBITA Crypto 10benchmarkGold (PAXG)benchmarkS&P 500benchmark
Current drawdown[7]−3.68%−32.28%−33.72%−24.03%−1.39%
Adjusted max drawdown[4]−10.68%−51.38%−56.02%−26.94%−17.52%
Max drawdown duration[8]158 days358 days356 days243 days125 days
Ulcer index[9]3.9323.6029.7910.122.98
Calmar ratio[10]6.440.510.291.071.10
Sortino ratio[11]3.580.840.381.491.30
Sharpe ratio[12]1.930.550.251.180.99
Annualised volatility[13]33%39%47%21%15%

Table figures use the daily adjusted basis; the drawdown and Calmar tiles above use the 5-minute adjusted basis, the basis of record.

Drawdown is read together with duration. The managed sleeve is designed to shorten the wait to regain a previous high; it trades depth risk for duration.

Collateral[14]

A stablecoin base[15] held at all times, and a sleeve of tokenised gold and equity index tokens held part of the time. Algotoria manages the whole book; clients deposit and withdraw in USDT.

Target allocation while the sleeve is held[15]
Yield-bearing stablecoins 55%Tokenised gold 30%US equity index tokens 15%
Collateral book: instruments, target shares while the sleeve is held, limits
Asset type Assets Target share Limit[16]
Common stablecoinsUSDT, USDC USDT, USDC 0% No cap
Yield-bearing stablecoinsRLUSD, OKUSD RLUSD, OKUSD 55% No cap
BitcoinBTC BTC 0% 30%
Tokenised goldXAUT, PAXG XAUT, PAXG 30% 30%
US equity index tokensxSPY, xQQQ xSPY, xQQQ 15% 40%
Rules, limits and exclusions
Two tiers
The book has two tiers: a stablecoin base held at all times, and a gold and equity sleeve held part of the time. When the sleeve is not held, the collateral is RLUSD and OKUSD in equal halves. Every instrument is listed on OKX Spot and accepted by the venue as margin, so the whole book sits in the account that margins the trading book.
Allocation rule
The allocation rule is proprietary and non-discretionary, and responds to the account’s own performance state. It is not disclosed and may be changed by the Investment Committee; investors should not rely on the sleeve being held, or not held, at any particular time.
Size and rebalancing
When held, the sleeve is at its full target of 45% of net asset value, subject only to the liquidity rule. While it is held it is rebalanced quarterly at the quarter-end close on a ±20% relative band: a leg is traded back to target only once it has drifted more than a fifth of its own weight away. The Investment Committee may call one rebalance between quarters, to correct a breach of a concentration limit or respond to a change in what the venue lists.
Limits
The sleeve may take at most 45% of net asset value and the stablecoin base at least 40%. Gold is capped at 30%, which binds. Equity index exposure is capped at 40% in aggregate and 25% for a single instrument; single stocks at 5% each and 15% in aggregate, and none is held. Crypto-linked equities and leveraged or inverse wrappers: 0%. Any single issuer or wrapper: at most 50%. USDT and USDC are uncapped transitional balances: they pay no reward, so a balance in them is a cost, but investors capitalise in them and trading profits arrive in them.
Liquidity
Execution is staged against venue liquidity: no single day’s trade in any instrument exceeds 10% of that pair’s 30-day median turnover on OKX, and any remainder carries forward.
What the sleeve does not hold
No Bitcoin: the mandate permits it up to 30%, so it need not be reopened, but none is held; tested at every share, from 10% upwards it lengthened the longest drawdown, and the Investment Committee must re-run the analysis before proposing any weight. No crypto-linked equities, no leveraged or inverse tokens, no single-stock concentration: equity exposure is index exposure.
Performance measure
Gains and losses on the collateral, including the sleeve, count in the performance measure (NAV-Based Method).
Margin treatment
Each instrument is accepted as margin at a discount set by the exchange, which can change it: 0.98 for RLUSD and OKUSD, lower and tiered by holding size for the gold and equity tokens.

Trading signal

A neural-network signal rather than a rules book: one conviction score per instrument, a deliberately high entry bar and a full exit stack on every position. Beside it: the strategy’s capacity and how it executes.

How the signal works

Each instrument is analysed continuously, around the clock, by a proprietary neural network that reads horizons from order-flow detail up to multi-week context and reduces them to a single directional conviction score. Every instrument has its own direction model, deployed as a multi-seed ensemble so that no individual training run can drive a trade. A separate model forecasts near-term volatility; it never opens a position and feeds the capital-preservation overlay below. Algotoria Spike Diversified changes only the collateral: the signal is the same as Algotoria Spike Stable’s.

Entry: a deliberately high bar[21]
A position opens only when conviction clears a high entry threshold, fixed in research on strictly historical data and then frozen. In simulation the bar is cleared on roughly 64 days a year, typically on one or two instruments at a time. Size is proportional to conviction, within fixed per-instrument weights and the 3× gross exposure cap.
Crash-candle entry guard[22]
At every completed five-minute candle the strategy takes the median return of the five altcoin legs over the last candle and over the last three. If the one-candle median is −5% or worse, or the three-candle median −8% or worse, no new altcoin entry is opened at the next boundary. The guard never closes a position and never touches Bitcoin or Ethereum. It is a protection, not a modelled edge: it costs about 13 percentage points of annual return against the single-candle rule it extends.
Exits
Every position carries a full exit stack from the moment it opens: a volatility-scaled stop-loss, a take-profit, a trailing profit lock, a hard time-stop and exit on signal reversal. Each is enforced in code. Holding periods are typically measured in hours.
Capital-preservation overlay
Driven by the volatility model, the overlay rests the book after adverse runs and re-arms sizing only as recovery is confirmed. In simulation it is load-bearing for the drawdown bar.
Traded instruments[19]
The strategy may trade up to 40 USDT-margined perpetual futures, and the Investment Committee may widen the set at any time. The simulated record trades 7: Bitcoin, Ethereum and five major altcoins. Six legs are long/flat; Ethereum is the only leg permitted to go short.
Execution[23]
Algotoria Spike trades as a taker, not maker-first. Its signals fall at the start of fast moves, when an order resting in the book is filled mainly by the trades that turn against it. Orders are price-protected and marketable. Stop-losses and take-profits stay inside the strategy; none rests at the exchange. Leverage cap 3×, selectable at 3×, 2× or 1×; about 64 deployment days and about 156 trades a year; positions typically last hours.

Capacity[20]

Estimated, OKX alone$2.5 M

Investment terms

Every investor in Algotoria Spike Diversified selects a risk tier during onboarding. The tier sets the drawdown budget, average and maximum leverage, and the minimum allocation.

Terms

Investment formSMA / MSA
Investment assets[19]Up to 40 USDT-margined perpetual futures; the simulated record trades 7: Bitcoin, Ethereum and five major altcoins
Minimum investment[17]50,000–150,000 USDT
Management fee0%
Performance fee[3]25–30% quarterly
PnL method[24]NAV-Based Method
Hurdle rateNone
High watermarkRolling, post-fee
Lock-in periodNone
Recommended horizon≥ 1 year
Redemptions5-day notice
Deposits and withdrawalsUSDT only; Algotoria converts into and out of the collateral
Trading venuesOKX, Binance, Bybit
CustodyInvestor retains; trade-only API

Risk tiers[18]

TierMax DDAvg leverageMax leverageMin allocation
High 35% 100% 300% 50,000 USDT
Medium 25% 67% 200% 100,000 USDT
Conservative 15% 33% 100% 150,000 USDT

Methodology and sources

Returns
Daily time-weighted returns in USDT over UTC days, from 1 January 2024 to 30 September 2026. Monthly, yearly and rolling figures compound the daily returns; CAGR annualises the full period.
Fee bases
Net 30 and Net 25 are modelled from the gross simulated curve by deducting a 30% or 25% fee on profit above the rolling, post-fee high watermark, settled quarterly. The assumed collateral yield is included, as it is in the fee base of the NAV-Based Method. They are not taken from a fee-paying account.
Simulation
The production trading engine on exchange market data under execution profile close-5m-v1: decisions only on completed five-minute candles, stop-losses and take-profits tested against the bar’s close, every fill at the following boundary, and no stop or take-profit resting at the exchange. Costs are 20 bps round trip at 3× gross exposure.
Walk-forward
Fold models are trained only on data before each fold, up to 1 July 2026; after it the fixed release models run, which are fold 7 of the same walk-forward, trained before 1 July 2026. The entry threshold was selected on data to 30 June 2026 and frozen on 21 August 2026. Months after the seam are an operational forward shadow: nothing was re-selected, and they are not a gate reading.
Collateral sleeve
The sleeve is simulated on the underlying assets (gold and the S&P 500 and Nasdaq-100) because the tokens listed in July 2026; sleeve trades are priced at 20 bps and filled at the close, and the book is credited through the collateral ledger, including the sleeve’s own gains and losses while it is held.
Collateral yield
Idle collateral earns the venue’s stablecoin rewards, credited day by day through a collateral ledger together with the sleeve’s own gains and losses while it is held: about 6.8 percentage points a year over the window, of which about 3.7 are the sleeve’s mark-to-market, against 4.2 for Algotoria Spike Stable. A series without this yield is never published.
Drawdown
Adjusted drawdown: the headline figures use the five-minute equity path, the tables use daily closes. Durations count calendar days from the first day below the adjusted peak to the day it is regained, or to 30 September 2026 where still open.
Ratios
Sharpe and Sortino use the US 3-month Treasury yield (FRED GS3M), 4.46% on average over the period; volatility scales daily returns by √252.
Data and updates
Figures as of 30 September 2026, generated 1 October 2026; updated monthly. The simulation is extended at every month-end. Account and term facts are dated where they appear.

Definitions and notes

The numbered markers on this page refer to these notes.

  1. How returns are measured Simulated, not traded. The dashed line is a simulation of Algotoria Spike Diversified: hypothetical results that no account achieved. It runs the frozen configuration on the production engine, with the signal generated walk-forward, at 20 bps round trip; the final configuration was selected on results to 30 June 2026, and the collateral allocation rule was chosen on data within the window. Simulated results have inherent limitations and are not a forecast.Returns are time-weighted, measured daily in USDT over UTC days. USDT is a stablecoin, not the US dollar: its value can move away from 1 USD, and returns measured in dollars or another currency would differ.Every series is rebased to 0% on 1 January 2024, the start of the simulation. Gross figures are before any performance fee. Simulated and past performance are not a guarantee of future results.
  2. Benchmarks Bitcoin: BTC-USDT spot on OKX. BITA Crypto 10 (B10): price-return index of the ten largest cryptocurrencies by trading volume (BITA Crypto 10 Index, BITA GmbH; not sponsored or endorsed by BITA). These two are the primary references.S&P 500 (SPY-USDT-SWAP perpetual on OKX; Investing.com SPY ETF data before 4 March 2026) and gold (PAXG-USDT spot on OKX; Investing.com XAU/USD data before 15 October 2025) are shown for context.Benchmarks are unmanaged and bear no fees or trading costs; an index cannot be invested in directly. Risk-free rate for Sharpe and Sortino: US 3-month Treasury yield (FRED GS3M), 4.46% on average.
  3. Gross, Net 30 and Net 25 Gross is the simulated return before any performance fee.Net 30 and Net 25 deduct a 30% or 25% fee on net trading profit above the rolling, post-fee high watermark, settled quarterly for the quarter just closed. The standard schedule is 30% for an account below 100,000 USDT, falling one point per band to 25% at 1,000,000 USDT and above; an executed contract may set a different rate.Both net paths are modelled from the gross simulated curve, not taken from a fee-paying account. There is no management fee and no hurdle. Benchmarks carry no fee and read the same in every mode. All switches on this page move together.
  4. Adjusted drawdown Drawdowns on this page use Algotoria’s adjusted definition.Peak: a new high counts only at the lowest balance of the following 24 hours, and the accepted peak never falls.The headline drawdown is measured on the strategy’s five-minute equity path, where intraday troughs count in full, so it reads deeper than the daily-close figures in the tables. Figures are gross; net drawdowns are larger by construction.
  5. Monthly returns Calendar-month time-weighted returns of the simulated track in USDT, on UTC days. Year compounds the months of that year; Since simulation start is the cumulative return from 1 January 2024 to the year’s last month shown.
  6. Rolling returns Trailing time-weighted return to 30 September 2026 over each window. CAGR and total return run from 1 January 2024, the start of the simulation.
  7. Current drawdown Adjusted drawdown on the as-of date, measured from the confirmed peak. The last day has no following day to confirm it, so it is read at its closing value.
  8. Max drawdown duration The longest stretch, in calendar days, from the day the series first fell below its adjusted peak to the day it regained it. Where that stretch is still open on the as-of date, it is counted to that date.
  9. Ulcer index Root-mean-square of the daily adjusted drawdown, in percentage points. Unlike maximum drawdown it counts both how deep and how long the series stays under water; lower is better.
  10. Calmar ratio CAGR divided by the adjusted maximum drawdown over the same period.
  11. Sortino ratio CAGR minus the risk-free rate, divided by the annualised standard deviation of losing days (downside deviation, √252 scaling).
  12. Sharpe ratio CAGR minus the risk-free rate, divided by annualised volatility.
  13. Annualised volatility Standard deviation of daily returns, scaled by √252.
  14. Collateral The sleeve is the gold and equity part of the collateral, held only part of the time. It is the one thing Algotoria Spike Diversified changes against Algotoria Spike Stable.The account is funded in USDT, which Algotoria converts into a base of RLUSD and OKUSD and, under its allocation rule, into the sleeve of tokenised gold and equity index tokens. Investors deposit and withdraw in USDT.Collateral yield. The base earns the venue’s rewards, credited day by day through a collateral ledger together with the sleeve’s own gains and losses while it is held: about 6.8 percentage points a year over the window, of which about 3.7 are the sleeve’s mark-to-market. Every Spike series includes this yield, and a series without it is never published.
  15. Stablecoins other than USDT To open USDT-margined perpetual positions, the account may borrow USDT against stablecoins other than USDT, and the borrowed USDT accrues interest at the exchange’s rate, borne by the account. Yield-bearing stablecoins (RLUSD, OKUSD, USDG) typically earn more than this cost, offsetting it and adding to returns. USDT collateral carries no such cost.
  16. Concentration caps Maximum share of the account’s net asset value, checked at every rebalance and every change of allocation. Stablecoins are uncapped: they are how clients fund the account and how trading profits arrive.
  17. Minimums and risk tiers Three risk tiers are chosen at onboarding: High (35% drawdown budget, maximum leverage 3×, minimum 50,000 USDT), Medium (25%, 2×, 100,000 USDT) and Conservative (15%, 1×, 150,000 USDT). Lower tiers scale leverage down; signal and execution are otherwise identical. They need a larger minimum because per-account operating costs do not fall with leverage. Spike Diversified’s budgets sit five points above Spike Stable’s to allow for the volatility of its collateral.
  18. Drawdown budget The investor selects the budget at 15%, 25% or 35%. The default is 35% at 3× gross exposure, and the simulated record on this page is not an account run at any of these budgets. It is a monitored ceiling, not an automatic stop. Alerts fire at 60%, 80% and 100% of it; at two-thirds the Investment Committee reviews the account and decides case by case whether to reduce risk; at the full budget the client elects to continue, lower the budget or stop.The Committee may also run the strategy below the budget, down to 0%, and restore it later; returns are then proportionally lower. The budget is not a guarantee and can be exceeded.
  19. Investment universe The strategy may trade up to 40 USDT-margined perpetual futures, and the Investment Committee may widen the set at any time. The simulated record trades 7: Bitcoin, Ethereum and five major altcoins. Six legs are long/flat; Ethereum is the only leg permitted to go short.
  20. Capacity Estimated capacity of the engine on OKX alone is about $2.5 million before per-order size caps begin to reduce returns (Algotoria’s capacity study, September 2026). Larger accounts need their own assessment.
  21. Leverage and concentration Gross leverage is capped at 3×, enforced at entry; the cap is touched briefly and is not an operating level. It can be selected per account at 3×, 2× or 1×.Concentration limits scale with the leverage selected: on a 1× basis Bitcoin and Ethereum are each held to at most 35% of net asset value (105% at 3×) and any other instrument to 10% (30% at 3×), with the whole book at most 100% (300% at 3×).
  22. Crash-candle entry guard The guard was sized on the crash candles of 3 February 2025 and 10 October 2025. It blocks new altcoin entries only: it never closes a position and never touches Bitcoin or Ethereum.It is a protection, not a modelled edge: it costs about 13 percentage points of annual return against the single-candle rule it extends.
  23. Execution Taker: price-protected marketable orders at the decision, completed within minutes. No maker/taker mix is measured, because the strategy has no real account. Stop-losses and take-profits stay inside the strategy.
  24. NAV-Based Method Net trading profit is the change in the account’s aggregate USDT-equivalent net asset value, adjusted for net inflows and fees. Collateral gains and losses are inside the performance measure, which is the correct treatment when Algotoria manages the collateral.

Due-diligence downloads

Everything to verify this strategy independently

No exchange statements exist for this strategy: its record is simulated and no account has traded it.

Shorter waits, a real chance of deeper drawdowns

The managed sleeve is designed to shorten the time under water, not to reduce the deepest loss: it can be held while the account is down, so a sell-off that reaches gold, equities and the trading book together can add the sleeve’s loss to the engine’s. The simulation’s deepest adjusted drawdown is −9.1% and its longest spell below a previous peak 52 days. The investor drawdown budget is 35% at the default 3×, a monitored ceiling that leaves room for that case, not a guarantee, and it can be exceeded; size the allocation on the budget, not on the simulated figure.

Crypto is volatile, and this strategy is leveraged

The strategy trades leveraged crypto perpetual futures and posts yield-bearing stablecoins and, part of the time, tokenised gold and equity index tokens as collateral, each a claim on its issuer. Its annualised volatility in simulation is 32.2%, against 39.2% for Bitcoin and 14.9% for the S&P 500. Losses can arrive quickly and last for months.

A simulation is not a track record

The figures on this page are replays, not results earned by clients. Future results will differ, often materially, and all capital committed can be lost. Read the full Risk Notice before allocating.

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What is Algotoria Spike Diversified?
It is the Algotoria Spike engine, unchanged, on a managed collateral book: a base of yield-bearing stablecoins and a sleeve of tokenised gold and US equity index tokens held part of the time. The signal, the instruments, the caps and the exits are the same as Algotoria Spike Stable’s.
Source · marketing/overviews/algotoria-spike-diversified-overview.html §1
How does Spike Diversified differ from Spike Stable?
Only in the collateral. Both take the same trades. Spike Stable holds equal thirds of three yield-bearing stablecoins; Spike Diversified holds stablecoins too and adds gold and equity index tokens under a proprietary allocation rule, selling them again under the same rule.
Source · marketing/overviews/algotoria-spike-diversified-overview.html §1, §3
Is it the same as Algotoria Classic Diversified?
No. The same collateral word does not mean the same collateral. Algotoria Classic Diversified posts a collateral book of stablecoins and Bitcoin; Algotoria Spike Diversified posts yield-bearing stablecoins plus a sleeve of tokenised gold and equity index tokens, and holds no Bitcoin.
Source · qa/03-investment-strategy.md §3.1 · marketing/overviews/algotoria-spike-diversified-overview.html §2
Why are the figures simulated, and what was the rule tested on?
Neither Spike strategy has managed client money yet. Their records are replays of the Algotoria Spike signal, generated walk-forward, through the production trading engine on exchange candles, so they show how the design would have behaved, not what an investor earned. The collateral allocation rule was chosen on data within the simulation window, so its figures are a hypothesis; the research hold-out was read once and is spent. The rule’s own criteria were registered before the data they will be read on exists.
Source · marketing/overviews/algotoria-spike-diversified-overview.html §4, §7
Why do the figures include yield on idle collateral?
Because the collateral earns it. The stablecoin base earns the rewards that RLUSD and OKUSD pay on the venue; the simulation credits them day by day through a collateral ledger, together with the sleeve’s own gains and losses while it is held: about 6.8 percentage points of NAV a year over the window, of which about 3.7 are the sleeve’s mark-to-market, against 4.2 for Algotoria Spike Stable.
Source · marketing/overviews/algotoria-spike-diversified-overview.html §4, §6 · performance/spike/README.md
How is drawdown measured, and what is the budget?
With Algotoria’s adjusted drawdown, on the five-minute equity path. A new peak is accepted only at the lowest value seen over the following 24 hours, so a single transient print cannot deepen every later drawdown. Measured on five-minute bars, intraday troughs count in full, which reads deeper than daily closes. Returns are untouched; the overviews define the measure in full. The investor selects the drawdown budget at 35%, 25% or 15%, the top tier at the full 3× gross exposure, and a fall in the sleeve counts against it like a trading loss. It is a monitored ceiling, not a guarantee, and can be exceeded; the simulated record on this page is not an account run at any of these budgets.
Source · marketing/overviews/algotoria-spike-diversified-overview.html §3, §6
What does the managed sleeve trade off?
It trades depth risk for duration. It can be held at any point of the account’s cycle, including while the account is down, so a sell-off that hits gold, equities and the engine together can find it held. Shorter drawdowns come with a real chance of deeper ones.
Source · marketing/overviews/algotoria-spike-diversified-overview.html §5
What has to happen before it launches?
Three things: Algotoria Spike must pass its forward gate; the rule’s own criteria, registered before the data they will be read on exists, will be read not before 28 February 2027; and the venue’s collateral terms and the account’s VIP status are confirmed on the account before capital is committed.
Source · marketing/overviews/algotoria-spike-diversified-overview.html §7
How is the performance fee calculated?
Algotoria Spike Diversified uses the NAV-Based Method of the Asset Management Agreement (§1.1.18(a)). Net trading profit for the quarter is P = E − MAX(B, HW) − I: the closing USDT value of everything in the account (E), less the higher of the opening value (B) and the rolling high watermark (HW), less net deposits (I). The standard fee is 30% of that profit for an account below 100,000 USDT, falling to 25% at 1,000,000 USDT and above; it is charged quarterly and only on new profit above the high watermark, so losses carry forward until they are recovered. There is no management fee, hurdle or lock-in. Collateral gains and losses, including the sleeve’s, count in the fee base. The Net 30 and Net 25 views on this page model this rule from the gross simulated curve.
Source · marketing/overviews/algotoria-spike-diversified-overview.html §6, §7
Who holds the capital, and how do I register interest?
The investor. Both strategies are delivered through non-custodial Separately Managed Accounts (SMA) or Managed Sub-Accounts (MSA), so the account and its collateral stay in the investor’s name throughout. Professional investors (as defined by SIBA) can register interest through their Algotoria contact or the form on this page; registered parties are informed of each strategy’s forward-test outcome and of any launch decision.
Source · marketing/overviews/algotoria-spike-diversified-overview.html §6, §7
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Download strategy factsheets and investor materials from the Documents page.
Algotoria Limited is a BVI-regulated Approved Investment Manager under the Securities and Investment Business Act, 2010. The content on this page is informational and does not constitute an offer to sell securities or investment advice. Services are available to qualified investors only. Past performance is not indicative of future results.