Core Concepts
Published Jun 22, 2026 · Updated Sep 6, 2026
AlphaFox is a crypto quant platform: configure supported strategy templates, backtest them with Web Engine, validate on paper trading with real market data, then deploy live through a connection you choose—an exchange API or an AlphaFox-managed Hyperliquid wallet. The former in-site chat workspace is retired.
Five minutes to understand the words that keep coming up. No technical background needed.
What is a Trader in AlphaFox?
A Trader is one running instance of a strategy on AlphaFox. You pick a strategy template, set its parameters, and bind a trading connection, and the result is a Trader of your own. Every row in “My strategies” is one Trader.
The platform ships five strategy template categories: Copy, DCA, Grid, Trend, Others.
One exchange API key binds to one strategy at a time. Want several strategies? Prepare several connections.
What is the difference between paper trading and live trading?
Paper trading and live trading on AlphaFox run identical strategy logic; only the money differs. Paper uses virtual funds against real market data, which makes it the place for practice and validation. Live uses real funds in either a connected exchange account or an AlphaFox-managed Hyperliquid wallet.
- Paper: virtual funds on real market data.
- Live: real funds in a connected exchange account or managed Hyperliquid wallet, with real PnL.
Always paper first.
What does a backtest tell you?
A backtest replays a supported strategy template over historical data in Web Engine Backtest, available at the backtest page. It answers whether the rule was self-consistent in the past—not how much you will make. A result that looks strong in only one narrow window usually means the strategy is overfit.
How does copy trading work on AlphaFox?
Copy trading on AlphaFox means creating a Copy-category Trader that automatically follows a signal source’s future trades. It starts from the moment you create it, so it mirrors what the leader does next rather than what they already hold.
- Leader: a trader worth following.
- Signal source: the live feed AlphaFox builds from a leader, KOL channel, or Hyperliquid wallet.
- Copy trading: a Copy-category Trader that automatically follows a source’s future trades.
Copy trading never back-fills the leader’s existing positions. A fresh copy strategy stays flat until the source acts again.
How much does it cost to run a strategy?
Browsing and research on AlphaFox are free; only running strategies costs money. Each tier includes a number of concurrent strategy slots, and anything beyond them bills hourly at 0.07 USDT per live strategy hour and 0.01 USDT per paper strategy hour.
| Tier | Included | Beyond |
|---|---|---|
| Free | none | Live 0.07 / paper 0.01 USDT per hour |
| Pro | 3 live + 5 paper | same |
| Pro Max | 20 live + 30 paper | same |
Overage bills hourly from your wallet’s site balance. In-product previews are authoritative—see Membership.
What custody models does AlphaFox support?
AlphaFox supports two live connection models:
- Exchange API connection (non-custodial): your trading capital stays in your own exchange account, and AlphaFox places orders only through API keys you authorize. Keys need read + trade only; withdrawal permission triggers a warning.
- AlphaFox-managed Hyperliquid wallet (custodied by Turnkey): deposits move into a Hyperliquid contract account, and AlphaFox can submit authorized trading, transfer, and withdrawal operations.
Exchange API credentials are stored encrypted and shown masked. Deleting an exchange API connection stops its strategy; managed-wallet connectors cannot be deleted as ordinary API-key connections. See the Risk Notice before live trading.