PITCHFORK·BACKTEST
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directional hit-rate: sign of one interval's order-flow imbalance predicting the next interval's mid-price move
signal equity · long/short 1 share on sign(OFI), marked mid-to-mid

amber = gross, mid-to-mid. dashed red = net of the quoted half-spread on every position change.

drawdown from peak
interval OFI vs next-interval mid move
rolling sharpe

cross-section · every symbol, same signal

predictive hit-rate distribution across symbols