Built a trading bot, then disproved it

01 — Built it62% win rateLLM agents, live broker over MCP

02 — Tested itIC 0.006Bull-market beta, not skill

03 — Rebuilt itIC 0.13Momentum, holds out-of-sample

Equity curve · strategy vs market

Walk-forward · net of 35 bps

Strategy Market (S&P 500)

Total return—

Excess vs S&P—

OOS info coefficient—

t-stat—

No edge Win rate was bull-market beta, not skill.