Algorithmic Strategy Paper Trading overview

Validates algorithmic trading strategies through live paper-trading before real capital deployment — connecting strategies to live market data feeds with simulated order execution, monitoring fill assumptions against real order-book depth, tracking slippage deviation from backtest estimates, and comparing paper P&L against backtest expectations with drift thresholds. Produces go/no-go deployment recommendations with statistical confidence intervals on expected live performance. Excludes actual capital allocation and risk limit setting.