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evaluate_paper_session

Compute and persist validation metrics comparing a paper session to its backtest benchmark.

Area

Paper Trading

Group

Paper Trading

Access

Write

Risk

May change server state

Details

Full description

Evaluate a paper trading session against its benchmark and record the result. This is a mutation, not a cheap read — it computes and persists validation metrics.

Returns — a readiness status plus readiness, which reports observed and required values for trades, bars, and calendar days. Product defaults require 5 trades, 500 bars, and 7 days unless the session stores custom criteria. The metrics dict includes:

  • paper_win_rate, paper_total_return, paper_trades, paper_bars
  • benchmark_win_rate, benchmark_total_return, benchmark_max_drawdown, benchmark_sharpe, benchmark_trade_count
  • overfitting_context.iteration_count (number of backtests at promotion time)

No verdict is returned. Compare the paper and benchmark numbers yourself and decide whether the strategy is ready for live promotion.

Capabilities

Bounded options and operating modes surfaced above the full JSON schema.

No bounded capability options are declared for this tool.

Required Inputs

session_idstringPaper trading session ID to evaluate. Get this from start_paper_trading() or list_paper_trading_sessions().

Optional Inputs

None.
Quawd

A subscription SaaS platform for designing, backtesting, and paper-trading algorithmic trading strategies on equities and crypto — described in plain English to an AI agent, no code required.

© 2026 Quawd. All rights reserved.

Quawd is a software tool, not a broker-dealer or investment adviser, and does not provide investment advice. Trading involves substantial risk of loss. Backtested and hypothetical results have inherent limitations and are not indicative of future performance.