When Bitcoin lost 75%,
our index lost 26.
The Helm Index rides bull markets fully invested and steps aside to cash in bears. Walk-forward validated, every failure published, and running live on a public account you can watch right now.
Hypothetical backtest — not actual trading results and not a promise of returns. The live forward test (founder's own funds, since Apr 2026) is currently in drawdown.
Three surfaces. One standard of proof.
If it can't survive the validation gate in public, it doesn't get offered.
Helm Index
LiveThe flagship. A regime-gated crypto index that steps aside in bears.
Equal-weight basket of 11 majors, volatility-targeted, moved fully to cash when the market majority turns down. Built for drawdown protection, not moonshots.
See the evidence →Amon Hen
FreeThe seat of seeing. A live dealer-positioning terminal for SPX, SPY & QQQ.
Where the options dealers are forced to hedge — walls, gamma flip, live flow — in plain English. Free, no signup, built on the same honesty rules.
Open the terminal →Research tracks
PaperCandidates earn their way in — or they get a tombstone.
Every candidate strategy runs paper-forward through the validation gate. Nothing is offered live until the evidence clears. Most don't make it.
How validation works →Most platforms bury their failures.
We built ours a graveyard.
18 strategies have gone through our validation gate and died — each one documented with its cause of death instead of quietly rebranded. The discipline is the product.
The taker edge does not exist. Crossing the spread on Kalshi binaries pays the market maker: fees plus adverse selection consumed the modeled edge, and the model's probabilities were not better than the book's. The EV gate did its one job - it stopped the bleeding and proved the strategy empty. Maker-side variants remain in paper with near-zero fills.
Honest spot-only validation (BTC/ETH/SOL 2021-2026, run in yearly chunks on a dedicated box because the monolithic 5-year backtest was intractable) failed all three gates. The apparent stability is grinding/bag-holding: NFI averages down and sits up to 89% underwater on open positions while booking small closed gains (+3.1% total over ~5 years). A new floating-drawdown check exposed what closed-trade Sharpe hid; permutation p=0.42 means the edge is indistinguishable from random.
Statistical noise. A positive headline Sharpe with a bootstrap CI spanning zero is exactly what the validator's first gate exists to catch. Live-wired but never catalogued; retired 2026-05-29 after its first formal validation run.
A bot you can actually operate.
Your funds never leave your exchange. HelmFi holds a trade-only key, you hold the off switch.
Add a trade-only spot API key — or none at all, and stay in paper mode.
See the bot's state, positions, cash allocation, and regime read at any moment.
Start, stop, force-exit, or keep it in paper until you trust it.
Founding member plans
Compare all featuresUnlimited paper runs, alerts, and early access to paper strategy tracks.
Join the waitlistFirst in line for live execution when the product gate opens — paper access today, plus trade alerts and AI chat.
Join the waitlistPost-trade reports, first look at new paper tracks, and the highest AI limits.
Join the waitlistYour exchange account stays yours.
HelmFi stores encrypted trade-only API keys and can place configured orders. It cannot withdraw funds, move assets off exchange, or take custody of your account.
Failed bots are not buried.
The public graveyard shows candidates that failed due to bag-holding, drawdown, fee drag, or overfit. That discipline is part of the product.