High Delta Research · Live on Substack

Research, by a trader
running real money.

A Substack publication for serious systematic traders. Free educational posts to get started, paid tiers for the strategy breakdowns and source code that don't exist anywhere else.

Why this exists

Most trading research isn't research.

It's marketing. It's signal services dressed up as analysis. It's people who've never run live money writing about how to. High Delta Research is the opposite.

Written by a practising trader

Every post is grounded in the same systematic process being used to manage live, verified trading accounts — not theoretical, not curated for marketing.

Evidence over opinion

If a claim can't be tested, it gets questioned. Strategy breakdowns include the assumptions, the test methodology, and the failure modes — not just the equity curve.

Process you can copy

The point isn't to give you signals. It's to teach you the evaluation framework so you can do this work yourself — and know when to trust your own results.

The tiers

Free to read. Pay when you want to go deeper.

Start with the free tier. Upgrade when you want strategy breakdowns and the tools to apply them yourself.

Free

£0 / forever

Get a feel for the work and the writing. No card, no commitment.

  • Educational posts on systematic trading
  • Basic research write-ups
  • Periodic track-record updates
  • Public-domain market commentary
Subscribe free
Pro

Practitioner

£200 / month

Everything in Researcher, plus occasional source-code drops you can actually run.

  • Everything in the Researcher tier
  • Occasional strategy blocks & MQL5 source code
  • Most intensive research and methodology pieces
  • Earliest access to new work
Subscribe — £200/mo

Code & block drops are occasional and tier-dependent — not a fixed cadence. Subscribe at the level that matches what you actually want to use.

What you'll read about

The work that actually matters.

How to evaluate a strategy without fooling yourself with in-sample fit.
Why correlation, not Sharpe, decides whether your portfolio survives.
The retirement framework: when a working strategy stops working, and how to know.
Walk-forward, regime splits, and Monte Carlo done properly.
Position sizing for portfolios, not single strategies.
Drawdown, recovery, and the psychology of running real money.
Multi-asset systematic: FX, indices, metals, and what each demands.
The infrastructure behind a live multi-strategy book.

Subscribe on Substack.

Free to start. Upgrade when you want to go deeper. Cancel any time — it's a Substack subscription, not a contract.

Read on Substack